Dow Jones faces strengthening relationship with Hang Seng Index

Source: Dukascopy Bank
© Dukascopy Bank
The link between Dow Jones Index (INDU) and Hang Seng Index (HI) strengthened on Friday, approaching 0.48. In contrast, the relationship between US blue chip index and German DAX index deteriorated from 0.62 to 0.57. Meanwhile the correlation coefficient between Dow Jones and EUR/JPY currency pair climbed, reaching 0.65. The link between Brent oil (CO1) and blue chip index slightly weakened to 0.69 at the end of last week. 

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Mon, 16 Jan 2012 16:38:33 GMT

Hang Seng fell on Monday amid European downgrade

Hong Kong's Hang Seng Index fell sharply on Monday as investors anticipated news that S&P agency cut France's AAA rating and downgraded 8 other European nations. Decline was boosted also by Greek battle to cut their debt. Hang Seng Index lost 1.0% or 192.22 points and finished at 19,012.20 led by insurance companies. China Life Insurance Co. tumbled 3.3%, while

Mon, 16 Jan 2012 11:06:34 GMT

Correlation between S&P 500 and Stoxx 600 declines

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