MarketsMarkets ended the day up all around the world but Japan, on a stream of better news:
- Earnings forecasts beatten in Europe and the US, leading investors to be more optimistic for the weeks and months ahead.
- The stress tests of US banks is no longer in the news.
- Worse GDP numbers in the US at -6.1% for 2009 Q1 vs. -4.7% (Briefing.com) were dismissed by the market which seems to be firmly looking forward and focused on a 2.2% consumer spending increase.
- The Federal Reserve suggested today that the worst of the recession may be over and did not change their monetary policy.
- Despite the swine flu spreading around the world, there no sense of panic right now. Health organizations have been very responsive. The evolution of the flu towards a pandemic need to be monitored however, since this could stop equity markets in their actual rally.
| Key Indexes | At close 04/29/2009 | Change | % change | 1 month | 1 year |
|---|
| Nikkei 225 Japan | 8,493.77 | –232.57 | –2.67% | –1.54% | –38.87% |
| Hang Seng Hong Kong | 14,956.95 | +401.84 | +2.76% | +5.93% | –42.28% |
| Shanghai Composite China | 2,468.19 | +66.75 | +2.78% | +3.95% | –29.95% |
| All Ordinaries Australia | 3,661.90 | –9.80 | –0.27% | +1.28% | –35.45% |
| FTSE 100 Britain | 4,189.59 | +93.19 | +2.27% | +7.46% | –31.21% |
|
| DAX Germany | 4,704.56 | +97.14 | +2.11% | +11.92% | –32.07% |
|
| CAC 40 France | 3,116.94 | +65.92 | +2.16% | +9.73% | –37.82% |
|
| FTSE Eurofirst 300 Europe | 816.40 | +15.16 | +1.89% | +10.70% | –39.01% |
| TSX Comp. Canada | 9,416.31 | +68.28 | +0.73% | +6.75% | –33.15% |
|
| Bovespa Brazil | 47,226.79 | +1,405 | +3.07% | +12.69% | –28.09% |
|
| Bolsa Mexico | 22,079.34 | +416.81 | +1.92% | +8.68% | –27.90% |
|
| IPSA 40 Chile | 2,714.52 | +42.90 | +1.61% | +6.55% | –9.71% |
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