Tuesday 29 April 2014

Global Stock Market News: Wall Street On Late Rally, Asian Markets Cautious


Asian markets
Wall street made a late rally, while the Asian markets moved little with high caution in April 29. The Japanese market is shut down on 29th April.

The Dow edged to a 0.53 % and the S&P 500 moved up by 0.32 %. The Nasdaq closed on an even level as the stocks of Amazon and Facebook moved down.Expecting results of the major banks on another round of record profit, the Australian stocks moved up by 0.3%.

The South Korean market moved up by 0.1 %, even though the first quarter operating profits of Samsung Electronics fell down 3.3% to to 8.5 trillion won. However, this was higher than the market speculation of 8.4 trillion.  The MSCI's broadest index of Asia-Pacific shares also exhibited less momentum.

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