Asian markets have gone up today after falling for most of last week, ignoring worse than expected Chinese Manufacturing PMI Index data. The surge in equities was primarily the result of Japanese markets reopening after the holidays, though financial firms also performed very well. All in all, investors are less pessimistic about Asian indices this week as the risk of trouble in the Chinese economy seems to have already been priced into the market. The Nikkei closed up 1.77%, the Hang Send closed up 1.91%, and the ASX 200 0.17%.
European markets have fallen today after the largest weekly rally in more than a month. Downward pressure stemmed from worse than expected manufacturing data from China and Germany. another huge source of anxiety for investors was the situation in the Crimea. European leaders are currently meeting to discuss ways of showing their opposition to Russia’s recent annexation of the Black sea Peninsula. On these sentiments, the Stoxx has gone down 1.31%, the FTSE has gone down 0.50%, and the DAX has gone down 1.47%.
American markets are also performing poorly after Manufacturing data from the US came out worse than expected. Also weighing on investor’s minds are sanctions against Russia, which have worried many financial institutions. Furthermore, equities are still under pressure from the tapering decision last week, so it is possible that we could see even more downward movement in the short term. So far, the Dow is down 0.40%, the S&P is down 0.88%, and the Nasdaq is down 1.83%.
March 24, 2014 – Indices News
Asian markets have gone up today after falling for most of last week, ignoring worse than expected Chinese Manufacturing PMI Index data. The surge in equities was primarily the result of Japanese markets reopening after the holidays, though financial firms also performed very well. All in all, investors are less pessimistic about Asian indices this week as the risk of trouble in the Chinese economy seems to have already been priced into the market. The Nikkei closed up 1.77%, the Hang Send closed up 1.91%, and the ASX 200 0.17%.
European markets have fallen today after the largest weekly rally in more than a month. Downward pressure stemmed from worse than expected manufacturing data from China and Germany. another huge source of anxiety for investors was the situation in the Crimea. European leaders are currently meeting to discuss ways of showing their opposition to Russia’s recent annexation of the Black sea Peninsula. On these sentiments, the Stoxx has gone down 1.31%, the FTSE has gone down 0.50%, and the DAX has gone down 1.47%.
American markets are also performing poorly after Manufacturing data from the US came out worse than expected. Also weighing on investor’s minds are sanctions against Russia, which have worried many financial institutions. Furthermore, equities are still under pressure from the tapering decision last week, so it is possible that we could see even more downward movement in the short term. So far, the Dow is down 0.40%, the S&P is down 0.88%, and the Nasdaq is down 1.83%.
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