Want to know where F’s bottom is at? Find out below by clicking the image for your free stock analysis.
Want to know where F’s bottom is at? Find out below by clicking the image for your free stock analysis.
Foreign Markets
European markets rose following Wall Street’s gains despite news about the health of the British economy. The Office for National Statistics reported that GDP contracted 1.9% in the 1st quarter from the previous three-month period. That was far more than the 1.6 % decline posted in the fourth quarter of 2008 and above analysts’ expectations for a more modest 1.4 % drop. Britain’s FTSE 100 was up 1.1 % to 4,063.18, Germany’s DAX climbed 1.1 % to 4,585.80, and France’s CAC 40 grew 1 % to 3,039.08.
Asian markets traded lower as Japan’s Nikkei 225 stock average lost 139.02 points, or 1.6 %, to 8,707.99, and Hong Kong’s Hang Seng added 44.39 points, or 0.3 %, to 15,258.85. South Korea’s Kospi was off 1.1 % at 1,354.10 as officials reiterated their expectations for a full year economic contraction; the country is Asia’s 4th largest economy.
Foreign Markets
European markets rose on the better than expected quarter results from Goldman Sachs, which sent financials soaring. In Europe, the FTSE 100 index of leading British shares was up 49.21 points, or 1.2 %, at 4,032.92 while Germany’s DAX rose 75.65 points, or 1.7 %, to 4,566.77. The CAC-40 in France was 48.99 points, or 1.7 %, higher at 3,023.17.
In Asia, the Hang Seng closed 678.75 points, or 4.6 %, higher at 15,580.16. In Japan, the automakers controlled trading, and uncertainty over GM drove the Nikkei 225 stock average down 81.75 points, or 0.9 %, to 8,842.68.
Foreign Markets
Asian markets gained as the U.S. House passed President Obama’s $819 billion stimulus. Japan’s Nikkei 225 stock average rose 144.95 points, or 1.8 %, to 8,251.24. After being closed this week for the Lunar New Year, Hong Kong’s Hang Seng leaped 575.83 points, or 4.6 %, to 13,154.43
In Europe, financial pulled back after having massive gains the last few sessions. Britain’s FTSE 100 plunged 2.1 % to 4,206.20, Germany’s DAX lost 1.2 % to 4,464.26, and France’s CAC 40 dropped 1.3 % to 3,034.77.
