Asian markets are mostly unchanged today, as investors juggled better than expected PMI data from China with fears of a liquidity crisis. Analysts note that June has always been a month where capital markets in China feel a squeeze, and that optimism is usually restrained this time of year for this reason. Despite mixed feelings over China, Australian and Japanese markets still performed well, with the Nikkei closing higher 0.13% and the ASX 200 up 0.62%. The Hang Seng ended down 1.68%.
European markets have taken a hit today after bad manufacturing PMI data from France, Germany, and the entire Eurozone. The bearish sentiment caused by this information was amplified by tension in Iraq – where the possibility of spillover into neighboring countries has made investors even more panicked. Lastly, Alstrom fell after its parent company pledged to sell 20% of its stock to the French government so that it may sell the majority of the firm to General Electric. Not surprisingly, the Stoxx 50 has ended down 0.60%, the FTSE has ended down 0.36%, and the DAX has ended down 0.66%.
American markets are mostly unchanged right now as investors coped with a potential crisis in Iraq and processed better than expected housing data from the US. Most of the bearish movement came from industrial stocks, while energy stocks offset this by rallying on higher oil prices. All in all, the Nasdaq is up 0.01%, the S&P 500 is down 0.01%.
June 23, 2014 – Indices News
Asian markets are mostly unchanged today, as investors juggled better than expected PMI data from China with fears of a liquidity crisis. Analysts note that June has always been a month where capital markets in China feel a squeeze, and that optimism is usually restrained this time of year for this reason. Despite mixed feelings over China, Australian and Japanese markets still performed well, with the Nikkei closing higher 0.13% and the ASX 200 up 0.62%. The Hang Seng ended down 1.68%.
European markets have taken a hit today after bad manufacturing PMI data from France, Germany, and the entire Eurozone. The bearish sentiment caused by this information was amplified by tension in Iraq – where the possibility of spillover into neighboring countries has made investors even more panicked. Lastly, Alstrom fell after its parent company pledged to sell 20% of its stock to the French government so that it may sell the majority of the firm to General Electric. Not surprisingly, the Stoxx 50 has ended down 0.60%, the FTSE has ended down 0.36%, and the DAX has ended down 0.66%.
American markets are mostly unchanged right now as investors coped with a potential crisis in Iraq and processed better than expected housing data from the US. Most of the bearish movement came from industrial stocks, while energy stocks offset this by rallying on higher oil prices. All in all, the Nasdaq is up 0.01%, the S&P 500 is down 0.01%.
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