Dow closes up despite Nasdaq fault; all eyes on US housing market data
Trading Floor News August 23, 2013 3:02 PM
<p>The Dow finished up 66 points yesterday, bringing an end to seven consecutive down days despite the Nasdaq experiencing technical difficulties that left investors around […]</p>
The video cannot be shown at the moment. Please try again later.
The Dow finished up 66 points yesterday, bringing an end to seven consecutive down days despite the Nasdaq experiencing technical difficulties that left investors around the world unable to trade for three hours.
The Nikkei closed up 295 points overnight on the back of US markets rising.
We have just had German final GDP confirmed as 0.7% this morning and the DAX is trading flat at 8385.
The FTSE is currently trading down five points at 6385 as we await the second estimate GDP figures at 9.30am.
Croda International is the biggest riser, up 2.4% after Deutsche Bank upgraded the stock to buy.
GKN is the biggest faller but this is after three decent up days this week. The main data release today is the new home sales figure from the US at 3pm GMT.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.