2014/02/25

Europe Continues To Please Investors With Positive Statistics

On Monday, the stock market of the United States finished the trading session with a moderate growth of the main indices. During the session, the Standard & Poor's 500 index managed to surpass the previous record, recorded on the 15th of January, 2014. S&P 500 managed to increase by 0.62% to the level of 1847.61 points, the Dow Jones Industrial Average raised by 0.64% to the level of 16207.14 points, and the Nasdaq Composite went to plus on 0.69% and reached the level of 4292.97 points.

The trading session in Europe was also rather positive, supported by publications of good macroeconomic statistical data. The index of business optimism of IFO of Germany for February, made 111.3 points, at average forecasts of 110.6 points. Besides that, it is worth paying attention to the final data on the Eurozone consumer price index for January which, as expected, decreased by 1.1%, whereas in comparison with the data of the similar period of last year, the growth of the indicator made 0.8%.

Following the results of the trading session, the index of Great Britain, FTSE 100, increased by 0.4%, the French CAC 40 added 0.9%, and the German DAX went to plus by 0.5%. The regional STXE 600 indicator increased by 0.6% and was closed on a level of 338.19 points.

The positive spirit was also carried over to the Asian exchanges, where, since the morning, trading takes place in positive territory. The Japanese Nikkei grows by 1.44%, the Korean KOSPI adds 0.74% and only the Shanghai Composite index losses 2.05%.


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