Global Indexes mixed in direction. The major U.S benchmark Indexes closed lower, about -0.71% to -1.57%, on Walmart’s report of weaker-than-expected earnings. However, The Dow-30 Index closed by a modest weekly gain of about 0.11%. The Nasdaq Composite index was hitting record intraday highs before closing down. U.S. retail sales rose 5.3% in January compared with the previous month. The sales of existing homes rose 0.6% in January compared with December. The value share outperformed the growth stocks. The trend of Small-cap stocks’ outperformed the large-cap peers was interrupted.
The European market was mixed in direction. The Indexes CAC-40 AND FTSE-100 closed higher, about 0.52% to 1.23%, supported by the companies posting encouraging quarterly earnings. However, The DAX-30 Index and FTSE-MIB Indexes completed negatively, about -0.4% to -1.17%. The U.K Prime Minister Boris Johnson says the lockdown easing will be done in stages and cautiously.
The APAC benchmark Indexes closed higher for the week, about 0.23% to 1.69%. However, The Indexes ASX-200 and Nifty-50 sealed with red mark about -0.19% to -1.2%. The Japan Index Nikkei-225 outperformed and crossed the longtime watching level of 30,000 milestones for more than 30 years on an economic rebound. However, The core inflation of Japan was down 0.6% compared to its last year.
0 Comments