U.S. markets are rising this morning after getting a big bounce from yesterday's announcement that the Federal Reserve will be "patient" in raising interest rates. The S&P 500 is up 1.02% and the Dow is up 0.98%. There were 289,000 initial claims for unemployment for the week of 12/13, down from 294,000 the week before.
Asian markets were mixed Thursday as investors were encouraged by the word that U.S. interest rates would remain low for a 'considerable time'. The Shanghai Composite was down 0.11% while the Nikkei rose 2.32%.
In Europe, markets are moving higher today after German business sentiment improved. The FTSE is up 0.97%, and the DAX has gained 2.01%.
Energy futures are climbing this morning. The price for West Texas Intermediate crude oil is $57.66 per barrel, up $1.19 and natural gas is up $0.05. Metals prices are rising. Gold is up $9.80 and platinum is up $7.30. The Dollar is up versus the Euro and down against the Yen.
Mobile Telesystems ( MBT ), Rite Aid Corporation ( RAD ) and Emerge Energy Services ( EMES ), are moving up, while Royal Caribbean Cruises Ltd. ( RCL ), BHP Billiton Limited ( BHP ) and Ariad Pharmaceuticals Inc. (ARIA) are declining.
Michael Haden is an Options Analyst at InvestorsObserver . He graduated from James Madison University in 1986 with a degree in Marketing. In two decades with Standard & Poor's, Michael honed his analytical skills in the Financial Industry. He has a conservative view toward investing and prefers value stocks to high-fliers with big risk..
This article was originally published on MarketIntelligenceCenter.com