US Market shows growth while, Asian and European market also escalate except NIKKEI and CAC respectively
American Market
- NASDAQ (Dec 24) - 12,804.73
Money Street finished generally higher on Wednesday, with the DowJones Industrial Average shutting everything down and the S&P 500 edging 0.07% higher.
A pile of blended U.S. financial information indicated lower jobless cases and an uptick in new requests for tough merchandise, yet in addition a pullback in shopper spending, falling individual pay and blurring conclusion as the Christmas shopping season approaches its end a mid a resurgent pandemic.
Speculators to a great extent disregarded remarks by US President Donald Trump that an almost $900 billion improvement bill, settled upon following quite a while of fighting in Congress, was "a disfavor" that he probably won't sign.
Asian Market
- S&P BSE Sensex Index (Dec 24) - 46,805.03
- SGX NIFTY (Dec 25) – 13,755.50
- NIKKEI 225 (Dec 25) -26,663.78
- STRAITS TIMES (Dec 24) - 2,842.04
- SHANGHAI COMPOSITE (Dec 25) - 3,389.48
- JAKARTA COMPOSITE (Dec 24) - 6,008.71
- SET COMPOSITE (Dec 25) - 1,481.68
- KOSPI (Dec 24) - 2,806.86
- TAIWAN WEIGHTED (Dec 25) - 14,323.96
- HANG SENG (Dec 25) - 26,386.56
Asian market shows upper graph on almost stock except SG Nifty, NIKKEI 225 and Jakarta Composite.
Asian shares were poised for a weaker start on Tuesday, while oil prices fell, as investors worried a highly infectious new strain of COVID-19 that shut down much of Britain could lead to a slower economic recovery.
European Market
- FTSE (Dec 23) - 6,502.11
- CAC (Dec 23) - 5,522.01
- DAX (Dec 23) - 13,587.23
Identified as a potent tool for prosperity, financial advisors and planners have been advocating having the right ‘asset allocation’, since time immemorial. Another name for diversification, this core tenet of investing has a major impact on how you go about achieving your financial goals.
If there’s one instance or year in recent memory that has brought the importance of this fundamental principle of investing to the forefront, it’s undoubtedly the COVID-19 pandemic that ravaged global economies in 2020. Having said that, those who tactically got their asset allocation right have presented themselves with an early Christmas gift. Let’s dig deep to understand.