Markets 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%|
|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%|
|IPSA 40 Chile||2,714.52||+42.90||+1.61%||+6.55%||–9.71%|