When Asian markets opened this morning they were trading on a mixed note, as investors absorbed data from China. However, by the time the asian trading session had closed, they were on the upside due to China’s manufacturing purchasing managers index – which grew to a 6 month high of 51.0 in June, in line with forecasts. China’s Shanghai Composite ended higher by about 0.04% while Japan’s Nikkei 225 was up by 1.08%. Hong Kong’s Hang Seng was closed due to a public holiday.
European Markets
European markets are higher today amid mixed data from the Eurozone. While German and Eurozone Manufacturing PMI came out worse than expected, bearish sentiment was offset by better than expected Manufacturing data from China and bullish data from the private sector – with firms like BNP Paribas and Rio Tinto climbing substantially. Analysts note that despite some less than ideal reports, Europe’s economy is heading in the direction of recovery. Not surprisingly, the Stoxx 50 is up 0.87%, the FTSE 100 is up 0.84%, and the DAX is up 0.62%.
American markets
American markets are also climbing today in spite of worse than expected US manufacturing data. Part of this bullishness is from strong Chinese data, which many feel is also a sign of economic strength in America due to the propensity of the world’s largest economy to import from China. However, investors are looking toward Nonfarm Payrolls data on Thursday, and many feel that unemployment will stay the same and that job growth will be solid. Thus, positive expectations combined with decent short term data are fueling a rise on the value of equities. For now, the Dow is up 0.79%, the S&P is up 0.66%, and the Nasdaq is up 1.13%.
July 1, 2014 – Indices News
Asian Markets
When Asian markets opened this morning they were trading on a mixed note, as investors absorbed data from China. However, by the time the asian trading session had closed, they were on the upside due to China’s manufacturing purchasing managers index – which grew to a 6 month high of 51.0 in June, in line with forecasts. China’s Shanghai Composite ended higher by about 0.04% while Japan’s Nikkei 225 was up by 1.08%. Hong Kong’s Hang Seng was closed due to a public holiday.
European Markets
European markets are higher today amid mixed data from the Eurozone. While German and Eurozone Manufacturing PMI came out worse than expected, bearish sentiment was offset by better than expected Manufacturing data from China and bullish data from the private sector – with firms like BNP Paribas and Rio Tinto climbing substantially. Analysts note that despite some less than ideal reports, Europe’s economy is heading in the direction of recovery. Not surprisingly, the Stoxx 50 is up 0.87%, the FTSE 100 is up 0.84%, and the DAX is up 0.62%.
American markets
American markets are also climbing today in spite of worse than expected US manufacturing data. Part of this bullishness is from strong Chinese data, which many feel is also a sign of economic strength in America due to the propensity of the world’s largest economy to import from China. However, investors are looking toward Nonfarm Payrolls data on Thursday, and many feel that unemployment will stay the same and that job growth will be solid. Thus, positive expectations combined with decent short term data are fueling a rise on the value of equities. For now, the Dow is up 0.79%, the S&P is up 0.66%, and the Nasdaq is up 1.13%.
Related Posts: