{"id":32275,"date":"2024-02-11T11:55:46","date_gmt":"2024-02-11T06:25:46","guid":{"rendered":"https:\/\/blog.researchandranking.com\/?p=32275"},"modified":"2024-02-11T11:55:49","modified_gmt":"2024-02-11T06:25:49","slug":"world-global-stock-market-index-weekly-recap-11th-feb-2024-hang-seng-kospi-dax-gift-nifty-taiwan","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/world-global-stock-market-index-weekly-recap-11th-feb-2024-hang-seng-kospi-dax-gift-nifty-taiwan\/","title":{"rendered":"Global Stock Market Index: 11th February 24 Weekly Recap"},"content":{"rendered":"
<\/div>\n

The global<\/a> market sentiment<\/a> remains upbeat, as major indices hold on to last week\u2019s gain. Rebound in tech stocks, better-than-expected corporate earnings, stable treasury yields amid economic and Fed evaluation, easing inflationary conditions, and a boost in consumer sentiment, all fostering optimism among investors globally. However, the market is keeping a cautious eye on crude oil prices, as it is witnessing an upward pressure, which may stoke inflationary concerns.<\/p>\n\n\n\n

A snapshot of the major world market indices this week<\/h2>\n\n\n\n
Index<\/mark><\/strong><\/td>Previous Day Change (%)<\/mark><\/strong><\/td>WoW Change (%)<\/mark><\/strong><\/td><\/tr>
US Markets<\/strong><\/td><\/tr>
Dow Jones<\/td>-0.23<\/td>0.05<\/td><\/tr>
S&P 500<\/td>0.48<\/td>1.28<\/td><\/tr>
Nasdaq<\/a><\/td>1.20<\/td>2.27<\/td><\/tr>
European Markets<\/strong><\/td><\/tr>
FTSE<\/td>-0.30<\/td>-0.56<\/td><\/tr>
CAC<\/td>-0.24<\/td>0.73<\/td><\/tr>
DAX<\/td>-0.22<\/td>0.05<\/td><\/tr>
Asian Markets<\/strong><\/td><\/tr>
Nifty 50<\/a><\/td>0.23<\/td>-0.06<\/td><\/tr>
Nikkei 225<\/td>0.09<\/td>2.04<\/td><\/tr>
Straits Times<\/td>-0.15<\/td>-1.30<\/td><\/tr>
Hang Seng<\/td>-0.84<\/td>1.37<\/td><\/tr>
Taiwan Weighted<\/td>0.20<\/td>-0.13<\/td><\/tr>
KOSPI<\/td>0.41<\/td>3.06<\/td><\/tr>
SET Composite<\/td>-0.02<\/td>0.31<\/td><\/tr>
Jakarta Composite<\/td>-0.17<\/td>0.38<\/td><\/tr>
Shanghai Composite<\/td>1.26<\/td>3.43<\/td><\/tr><\/tbody><\/table>
Source: Moneycontrol.com<\/figcaption><\/figure>\n\n\n\n

World Stock Market Index:\u00a0US Markets<\/h2>\n\n\n\n

Backed by solid macro indicators, all major US indices continued to rally, building on the previous week\u2019s gains. Increasing hopes for rate cuts in the second half of 2024, resilience in corporate earnings, and economic indicators have turned the market outlook bullish.<\/p>\n\n\n\n

<\/a>Dow Jones<\/h3>\n\n\n\n

Dow Jones Industrial Average ended the week flat with a marginal gain of 0.05%, and in Friday’s session, the index saw a modest decline of 0.23%.<\/p>\n\n\n\n

<\/a>S&P 500<\/h3>\n\n\n\n

The S&P 500 index, which includes America’s top 500 companies, surpassed 5,000 for the first time on Friday. More than 80% of S&P 500 companies have exceeded earnings expectations, which surpassed the 67% rate observed since 1994. On Friday\u2019s session, the index was up by 0.48% and concluded the week with gains of 1.28%.<\/p>\n\n\n\n

<\/a>Nasdaq<\/h3>\n\n\n\n

Propelled by the rally in semiconductor and other tech stocks, the Nasdaq rose by 1.20% on Friday\u2019s session. It ended the week with a cumulative gain of 2.27%, continuing last week\u2019s momentum.<\/p>\n\n\n\n

World Stock Market Index:\u00a0European Markets<\/h2>\n\n\n\n

Muted performance was witnessed across the European markets as a lack of economic indicators for investors to consider. The market is keeping a close watch on the inflation<\/a> numbers and central bank<\/a> commentary amidst improving consumer sentiments and corporate earnings.<\/p>\n\n\n\n

<\/a>FTSE<\/h3>\n\n\n\n

FTSE, the UK\u2019s blue-chip stock index showcased mixed performance, closing the week with a modest loss of 0.56%. And, in Friday’s session, the index was down by 0.30%. However, the overall market sentiment remains positive with the Bank of England indicating it has shifted its focus from tightening after recent falls in UK inflation.<\/p>\n\n\n\n

<\/a>CAC<\/h3>\n\n\n\n

CAC 40, the French stock market index<\/a> was down by 0.24% during Friday\u2019s session, however, concluded the week with a cumulative gain of 0.73%.<\/p>\n\n\n\n

<\/a>DAX <\/h3>\n\n\n\n

The DAX, which tracks the 40 largest German companies, performed mixed this week, even as annual inflation fell and edged closer to the 2% target. Strong corporate earnings also failed to boost the index this week, as it closed flat. On Friday, the index fell by 0.22%.<\/p>\n\n\n\n

World Stock Market Index:\u00a0Asian Markets<\/h2>\n\n\n\n

The Asian market was largely positive during the week, but concerns around the Chinese economy continue to be a cause of concern. China\u2019s consumer prices fell at the fastest rate in 15 years last month, stoking fears of deflation and affecting global growth. It was the biggest drop since the 2009 global financial crisis.<\/p>\n\n\n\n

<\/a>Nifty 50<\/h3>\n\n\n\n

The Nifty<\/a> 50, India’s benchmark index, performed mixed this week, closing flat with a marginal loss of 0.06%. On Friday, it rose by 0.23%. Better-than-expected corporate earnings continue to fuel the market’s positive sentiment. In this quarter’s monetary policy, the RBI kept interest rates<\/a> and the policy stance steady, which was on the expected lines. <\/p>\n\n\n\n

<\/a>Nikkei 225<\/h3>\n\n\n\n

Japanese shares continue to trade higher, as Nikkei 225, breached another psychologically important level of 37,000 for the first time since 1990. The index was flat on Friday\u2019s session, however, closed the week with gains of 2.04%.<\/p>\n\n\n\n

<\/a>Straits Times<\/h3>\n\n\n\n

Led by the decline in banking stocks and concerns surrounding the Chinese economy, Singapore\u2019s primary stock index traded on a weak note throughout the week. On Friday\u2019s session, the index was down by 0.15%, and on a week-on-week basis, it posted a cumulative loss of 1.3%.<\/p>\n\n\n\n

<\/a>Hang Seng<\/h3>\n\n\n\n

China’s deflation, corporate earnings, and chatter around the condition of the Chinese economy continued to weigh on the performance of Hang Seng. The index recorded a drop of 0.84% on Friday but managed to post weekly gains of 1.37%.<\/p>\n\n\n\n

<\/a>Taiwan Weighted<\/h3>\n\n\n\n

Rebound in tech stocks in helping Taiwan\u2019s stock index to continue moving higher and keeping the market sentiment positive. On Friday, the market was up by 0.2% but concluded the week with a loss of 0.13%.<\/p>\n\n\n\n

<\/a>KOSPI<\/h3>\n\n\n\n

KOSPI, the South Korean stock market<\/a> index, continued to rise, with a weekly gain of 3.06%. Foreign inflows, as well as renewed expectations of a regulatory push to improve corporate governance standards and increase shareholder return, have improved investor sentiment in the Korean market for 2024.<\/p>\n\n\n\n

<\/a>SET Composite<\/h3>\n\n\n\n

Thailand\u2019s primary index, SET Composite, showcased mixed performance during the week, amid concerns of an economy in recession. On Friday, it traded flat, posting a minor loss of 0.02%, while, on a week-on-week basis, it posted gains of 0.31%.<\/p>\n\n\n\n

<\/a>Jakarta Composite<\/h3>\n\n\n\n

This Indonesian index showcased mixed performance during the week ahead of the 2024 presidential election. It traded flat on Friday\u2019s session, reporting a modest loss of 0.17% and on a week-on-week basis, the index gained 0.38%.<\/p>\n\n\n\n

<\/a>Shanghai Composite<\/h3>\n\n\n\n

China\u2019s benchmark index, the Shanghai Composite rose by 1.29% on Friday, and on a week-on-week basis, the index\u2019s cumulative gain was 3.43%.<\/p>\n\n\n\n

<\/a>Wrapping Up<\/h2>\n\n\n\n

The rebound in tech stocks, better-than-expected corporate earnings, improving economic sentiments, and rising hopes for rate cuts in the early second half of 2024 are all contributing to global stock<\/a> market resilience. However, caution should be exercised, as the deflationary situation in the world’s second-largest economy may have an impact on global growth and investor confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"

However, the market is keeping a cautious eye on crude oil prices, as it is witnessing an upward pressure, which may stoke inflationary concerns.<\/p>\n","protected":false},"author":5,"featured_media":32276,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948],"tags":[],"class_list":["post-32275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/32275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=32275"}],"version-history":[{"count":0,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/32275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/32276"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=32275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=32275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=32275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}