Asian markets traded mixed on Monday following last week’s losses. China’s Shanghai Composite spiked 2.9%, boosted by a rise in the money supply and loan growth, and the Hang Seng rallied 1.5% to 18866. The Kospi dropped .9%, and the ASX 200 eased .1%. Japanese markets were closed for a holiday.
European markets traded lower, led by banks which fell 2.2%. The FTSE and DAX dropped .7%, and the CAC40 fell .3%. Over the weekend, Hungary’s debt rating was downgraded to junk, and Der Spiegel reported that the IMF doubts that Greece can get its finances under control.
In the US, stocks closed modestly higher. The Dow edged up .3%, the S&P 500 rose .2%, and the Nasdaq eked out a .1% gain.
Alcoa shares rallied 2.9% ahead of earnings. After the close, the aluminum maker reported a loss in line with estimates, while beating forecasts on revenue.
Netflix shares surged another 14% after launching its DVD service in the UK.
Economic Outlook
Consumer credit saw a massive expansion in November, climbing to $20.4 billion. Analysts had expected a gain of just $7 billion.
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Binary Options Daily Analysis – Global Equities Mixed, Consumer Credit Surges
Published 02/05/2012, 12:03 AM
Updated 05/14/2017, 06:45 AM
Binary Options Daily Analysis – Global Equities Mixed, Consumer Credit Surges
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