Asian equities have fallen for a second straight day due to tension in the Ukraine and weaker corporate earnings. Companies like Omron Corp. and Hyundai Motor Co. fell on worse than expected profits, while China Huishan Dairy Holdings Co dropped after an investor sold a 74.5 m,million dollars worth of shares at a discount. Furthermore, investors are still worried about the direction of the Chinese economy – meaning that bearish sentiment may haunt the pacific in long term unless the outlook for China improves. The Nikkei has closed up 0.17%, the Hang Seng has closed down 1.50%, and the ASX 200 was closed for a national holiday.
European markets have also fell due to bad earnings data from numerous companies. Companies like Neste Oil and Sandvik AB posted earnings that missed estimates, while Russian and US officials traded barbs over the Ukraine. Thus, European indices are also suffering from investor pessimism due to an escalating crisis in Eastern Europe. Not surprisingly, equity markets are close to ending for the weekend in the red, with the Stoxx 50 down 0.95%, the FTSE down 0.65%, and the DAX down 1.09%.
American markets are also experiencing bearish sentiment due to worse than expected corporate data, with Visa, Amazon, and Ford all dropping after their earnings missed analysts projections. The crisis in the Ukraine is also adding to the negative momentum as investors are worried that Kerry’s statements may signal greater US involvement in the conflict. Thus, despite better than expected Michigan Consumer Sentiment data, US indices are falling. So far, the Dow is down 0.60%, the S&P 500 is down 0.43%, and the Nasdaq is down 0.94%.
April 25, 2014 – Indices News
Asian equities have fallen for a second straight day due to tension in the Ukraine and weaker corporate earnings. Companies like Omron Corp. and Hyundai Motor Co. fell on worse than expected profits, while China Huishan Dairy Holdings Co dropped after an investor sold a 74.5 m,million dollars worth of shares at a discount. Furthermore, investors are still worried about the direction of the Chinese economy – meaning that bearish sentiment may haunt the pacific in long term unless the outlook for China improves. The Nikkei has closed up 0.17%, the Hang Seng has closed down 1.50%, and the ASX 200 was closed for a national holiday.
European markets have also fell due to bad earnings data from numerous companies. Companies like Neste Oil and Sandvik AB posted earnings that missed estimates, while Russian and US officials traded barbs over the Ukraine. Thus, European indices are also suffering from investor pessimism due to an escalating crisis in Eastern Europe. Not surprisingly, equity markets are close to ending for the weekend in the red, with the Stoxx 50 down 0.95%, the FTSE down 0.65%, and the DAX down 1.09%.
American markets are also experiencing bearish sentiment due to worse than expected corporate data, with Visa, Amazon, and Ford all dropping after their earnings missed analysts projections. The crisis in the Ukraine is also adding to the negative momentum as investors are worried that Kerry’s statements may signal greater US involvement in the conflict. Thus, despite better than expected Michigan Consumer Sentiment data, US indices are falling. So far, the Dow is down 0.60%, the S&P 500 is down 0.43%, and the Nasdaq is down 0.94%.
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