Global Stocks: U.S. indices pause after rally – Greek elections weigh on Nikkei
U.S. markets closed lower on Friday with disappointing corporate news. The DOW JONES index declined by -0.79%, closing at 17,672.60. The S&P 500 lost -0.55% with a final quote of 2,051.82 points weighed down by commodity shares. For the week the DOW JONES rose 0.9%, the S&P 500 added 1.6%. Markets were supported by the ECB decision on large-scale quantitative easing.
Chinese stock markets rise on Monday. Hong Kong's Hang Seng is trading +0.07% at 24,868.07 points. China's Shanghai Composite closed at 3,383.94 points +0.96%.
Japan's Nikkei lost on Monday after a weekly gain, closing -0.25% with a final quote of 17,468.52 weighed down by the results of the Greek snap-elections where the anti-austerity party Syriza scored a win within 2 seats of the absolute majority. A stronger Japanese yen weighed on exporter shares. The Adjusted Merchandise Trade Balance rose from -925.01 to -712.1 billion on Sunday and Japan's exports rose more-than-expected by 12.9% in December driven by a weaker Japanese Yen.
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