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23/02/2015 Weekly Global Stock Market Review
23/02/2015
Weekly Global Stock Market Review
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15,
European shares rose last week on positive economic data Monday, February 23, 2015
Equity market in Europe jumped considerably during
the previous trading week, as strong fundamental data
influenced stock markets in a bullish way, pushing it to
trade in the green zone. German investor confidence
rose to a yearlong high in February, as the economic
sentiment index climbed to 53.0 points, up from 48.4
in January. Bundesbank reported that the country’s
economic output was accelerating, with exporters benefiting from the weaker Euro.
Meanwhile, the Euro zone’s composite PMI increased to 53.5 points in February from
52.6 in January.
The benchmark Eurostoxx 600 Index, in turn, rose 1.5% to 382.27 points from Monday to
Friday, while all except one sector advanced in their weekly value. Automobiles & parts
and consumer goods leaded market gains, as these industries added 3.5% and 2.4%,
respectively. Industrials followed with an advance of 2.2%. On the other hand, real estate
slumped slightly by 0.2%. Among market movers, Afren PLC, a British oil and gas
company, surged 29.7% to trade at 9.44 pence per share, as the company has started
discussions with its bondholders as a last attempt to stave off bankruptcy. Pandora A/S, a
Danish jewelry manufacturer and retailer, followed with a rise of 25% to 576 kronor per
share. However, stocks of major Greek banks continued to slump, as country’s anti-
austerity government resumed negotiations with the EU creditors. Eurobank Ergasias SA
declined 17.5% to 0.15 euros per share, while Piraeus Bank SA followed with a decrease
of 14.4% to trade at 0.616 euros per share.
Among other major stock indicators, German DAX improved 1.1% to 11,049 points last
week, while British FTSE 100 grew as much as 0.8% to 6,915.20 points.
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 [email protected]
US shares strengthened last week despite weak fundamentals Monday, February 23, 2015
Last week, stock market in the United States
expanded notably, even though there were no any
major economic data releases. US manufacturing PMI
rose to 54.3 points in February, up from a final
reading of 53.9 points in the preceding month. The
amount of jobless claims slipped 21,000 to 283,000
for the week ended February 14. People became
more optimistic about the economic outlook due to plunge in oil prices and payroll gains.
Meanwhile, US manufacturing output edged up 0.2% in January, showing a downward
revision from an earlier estimate for a 0.3% growth.
The main S&P 500 stock gauge jumped 3.1% to close at 2,110.30 points on Friday of the
previous week. Almost all the sectors that comprise the benchmark rose in value, except
companies of the telecommunications and utilities industries, which lost from 1% to 1.2%
during the last week. Health care and technology companies, in turn, advanced 5.6% and
4.5%, respectively. Among best performing companies, Boston Scientific Corp added
11.7% to trade at $16.47 per share on Friday. Stock of a developer and manufacturer of
medical devices advanced after the company announced settlement of a lawsuit filed
by Johnson&Johnson for $600 million. The Priceline Group Inc, a US leader in online
travel, followed with an increase of 11.3% to trade at $1,216.23. Among biggest losers,
Fossil Group Inc. dropped 13.7% to $85.14 as the watch and accessories company’s
quarterly results fell short of Wall Street estimates. Garmin Ltd, in turn, lost 11.6% to
trade at $49.42, being that the company came up with low Q4 earnings. Meanwhile, the
Dow Jones Industrial Average increased 2.3% to 18,140.44 points, while NASDAQ gained
4.8% to close the trading week at the 4,955.96 mark.
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 [email protected]
Japanese share market grew as economy exits recession Monday, February 23, 2015
16:30 GMT
The last week of February was strong for Japanese stock
market, as economic data supported the view, that the
third-largest economy in the world is escaping
recession, driven by export growth. Japanese exports
surged in January due to strong demand from Asia and
the US. Exports rose by 17% on a yearly basis last
month, exceeding the forecasts of 13.5%. Japan’s
economy grew at an annualized rate of 2.2%, in the fourth quarter, after contracting in
each of the previous two quarters. Meanwhile, the central bank's of Japan announced its
decision to keep its already huge stimulus unchanged. The Bank of Japan is going to print
money at an yearly pace of 80 trillion yen.
The benchmark Topix Index soared 2.8% on a weekly basis to climb above 1,500 points
and hit the 1,500.33 mark on Friday. The vast majority of sectors included in the gauge
rose in value. Among biggest gainers, securities and land transport increased 5.1% and
4.4%, respectively. They were followed by iron & steel, which grew as much as 4.1%.
Meanwhile, companies that represent oil & coal and mining industries declined last
week, as the former slumped slightly 0.6% and latter retreated 0.6%. The fastest revival
in share price was registered by Skymark Airlines Inc., which was showing a negative
development during last three weeks as the company filed for bankruptcy protection last
month. The stock of Japan's third largest budget airline soared 160% to trade at 39 yen
after the Orix Corp decided to make a long-awaited investment in the carrier. Imagica
Robot Holdings Inc., in turn, climbed 43.8% to 728 yen, as company is going to acquire
SDI Media, a global market-leading localization company.
Meanwhile, the second biggest stock index of Japan, the Nikkei 225, rose 1.8% during the
previous week to close at 18,332.30 points on Friday.
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 [email protected]
Asian shares posted no major changes due to the lack of data Monday, February 23, 2015
Share market in Asia increased during the previous
working week; however, an advance was less
pronounced than among other equity markets
around the world. China new home prices registered
their fifth month of a drop on the annual basis in
January. They fell by an average of 5.1% from the
year-ago period. However, Chinese foreign direct
investment grew at its strongest pace in nearly four years in January, surging 29.4% from
a year earlier, as investors have largely shunned the troubled manufacturing sector and
focused on the more resilient services industry.
The main gauge of the region, S&P/ASX 200, increased slightly 0.8% to 5,881.50 points
from Monday to Friday. Eight out of ten sectors rose in value, while the remaining ones
retreated. Losses were led by financial and technology industries, as they fell 1.5% and
0.9%, correspondingly. Toll Holdings Ltd, a leading Australian provider of
integrated logistics services, soared 46.8% to $8.97 as company accepted the buyout bid
of Japan Post, Japan’s public postal company. Horizon Oil Ltd, an Australia-based
company engaged in petroleum exploration, followed with an increase of 18.1% to trade
at $0.13 per share. On the other hand, Genworth Mortgage Insurance, a financial
security company, ended last week with a decrease of 22.9% to $3.33, being that the
company cancelled a sales agreement after a review of its riskier loans, a move that will
hit the insurer's 2016 earnings.
Stock market in New Zealand rose slightly by just 0.04% to 5,748.94 per share in five
trading days. Hang Seng, in turn, added 0.6% to close at 24,832.08 points on Friday.
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 [email protected]
Correlation Matrix
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 [email protected]
Confidence Intervals
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 [email protected]
EXPLANATIONS
Indexes
Standard & Poor's 500 Index (S&P 500) or (SPX) - U.S. stock market index consisting of the 500 large-cap shares widely traded on the New York Stock Exchange and the
NASDAQ.
Dow Jones Industrial Average Index (INDU) - U.S. stock market index consisting of the 30 large publicly owned U.S. companies , primarily industrials
NASDAQ Composite Index - U.S. stock market index representing all the stocks that are traded on the Nasdaq stock market, mostly technology and Internet-related
New Zealand Exchange 50 Gross Index (NZX 50) - stock market index consisting of the top 50 companies listed on the New Zealand Stock exchange
S&P/ASX 200 -a market-capitalization weighted stock market index of stocks listed on the Australian Securities Exchange from Standard and Poor’s
Hang Seng Index (HI) - Hong Kong’s stock market index consisting of 48 largest companies listed on the Hong Kong Exchange
Japan’s Nikkei Stock Average (Nikkei 225 Index) or (NKY) - Japanese stock market index consisting of the 225 largest companies listed on Tokyo Stock Exchange
FTSE 100 Index (UKX) - U.K. stock market index consisting of the 100 most capitalized U.K. companies trading on the London Stock Exchange
DAX Index (DAX) - German stock market index consisting of the 30 largest and most liquid German companies trading on the Frankfurt Stock Exchange
Eurostoxx 600 - stock market index, derived from the Stoxx Europe Total Market Index, consisting of 600 large, mid– and small-sized companies from 18 European countries
Chart
Correlation - statistical measure of the linear relationship between two random variables. It is defined as the covariance divided by the standard deviation of two variables.
Historical price changes - chart reflecting the historical price changes of particular region’s stock indices
Indicators
Industry performance - weekly performance of industries within the particular stock market index
Top performers - companies within a particular stock market index showing the best or worst weekly performance
Performance - relative historical change of stock market index value
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 [email protected]
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