Asian markets are mostly down again as Chinese Industrial Output grew by the lowest amount since 2008. In addition, the real estate slump in the Middle Kingdom is also starting to drag local markets down more and more. Australian markets also suffered from this as reduced activity in China leads to reduced demand for raw materials – some of of the most important export goods down under. Japanese markets, however, still performed bullishly as the low yen continues to boost the export earnings of Japanese firms. Today, the Nikkei rose 0.25%, the Hang Seng closed down 0.97%, and the ASX 200 fell 1.04%.
European markets are also down on bad Chinese data, as reduced activity in the world’s manufacturing hub may signal reduced demand in Europe as well. Furthermore, European energy firms are continuing to under-perform due to lower oil prices and political tension over the potential independence of Scotland is making investors anxious. Not surprisingly, the Stoxx 50 has closed down 0.18%, the FTSE has closed down 0.20%, and the CAC was down 0.39%.
American markets are in flux as a result of worse than expected industrial production data from the US. Though short term data is bearish, investors are waiting for the Federal Reserve meeting later this week for a little clarity on the direction of US monetary policy. Until then, movement may be a little more erratic as traders attempt to speculate on how the Fed will interpret recent bearish labor market data and whether or not they will alter their views on raising the interest rate. For now, the Dow is up 0.13%, the Nasdaq is down 0.88%, and the S&P is down 0.13%.
September 15, 2014 – Indices News
Asian markets are mostly down again as Chinese Industrial Output grew by the lowest amount since 2008. In addition, the real estate slump in the Middle Kingdom is also starting to drag local markets down more and more. Australian markets also suffered from this as reduced activity in China leads to reduced demand for raw materials – some of of the most important export goods down under. Japanese markets, however, still performed bullishly as the low yen continues to boost the export earnings of Japanese firms. Today, the Nikkei rose 0.25%, the Hang Seng closed down 0.97%, and the ASX 200 fell 1.04%.
European markets are also down on bad Chinese data, as reduced activity in the world’s manufacturing hub may signal reduced demand in Europe as well. Furthermore, European energy firms are continuing to under-perform due to lower oil prices and political tension over the potential independence of Scotland is making investors anxious. Not surprisingly, the Stoxx 50 has closed down 0.18%, the FTSE has closed down 0.20%, and the CAC was down 0.39%.
American markets are in flux as a result of worse than expected industrial production data from the US. Though short term data is bearish, investors are waiting for the Federal Reserve meeting later this week for a little clarity on the direction of US monetary policy. Until then, movement may be a little more erratic as traders attempt to speculate on how the Fed will interpret recent bearish labor market data and whether or not they will alter their views on raising the interest rate. For now, the Dow is up 0.13%, the Nasdaq is down 0.88%, and the S&P is down 0.13%.
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