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In Asia, the Hang Seng index in Hong Kong was up 0.51 percent, and the Shanghai composite index closed 0.52 percent higher; markets in Japan were closed for a holiday.
Higher markets lead to greater prosperity.
Extremes like these are great predictors of higher markets a few months hence.
Whereas a year ago the growing economy (domestic and global) was the catalyst for higher markets, today its the safety net; establishing a floor through which I think were unlikely to fall (unless news and events change dramatically).
Similar(54)
But sharply higher marketing expenses held profits slightly below expectations.
The results were hurt in part by higher marketing expenses.
Ryanair now has a higher market capitalisation than British Airways.
That's a higher market valuation than Disney or Amazon.
"Ever higher market interest rates challenge the Bank's assessment of the outlook.
Residents of subsidized housing who soon face higher market rates fear losing their homes, he said.
This will impact the incumbents' profits in terms of lost customers and higher marketing spend.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com