Asian markets went up earlier this morning after better than expected data from China and Janet Yellen’s testimony in America. Though she emphasized that the Fed wants to continue tapering, she noted, dovishly, the labor market will need to improve substantially in order to fully cease providing stimulus. Data from China showed a better than expected trade balance – alleviating fears of a slowdown in the world’s second largest economy. The Nikkei closed up 0.56%, the Hang Seng closed up 1.47%, and the ASX 200 closed up 1.06%.
European markets also went up due to better than expected Chinese data. Further, better than expected corporate earnings reports from firms in the financial sector have also propped indices up. Investors are feeling bullish today mostly because many tapering worries are alleviating and the global economy appears to be strengthening. Consequently, the Stoxx 50 has closed up 0.58%, the FTSE has closed up 0.04%, and the DAX has closed up 0.65%.
American markets are fluctuating despite upward pressure from yesterday’s testimony by Federal Reserve Chairman Janet Yellen. The main source of discomfort for investors is worse than expected earnings data from large firms like Proctor & Gamble and Amazon. For next few hours, we may see optimism stemming from tapering comments being offset by poor corporate performance. Right now, the Dow is down 0.23%, the S&P is down 0.13%, and the Nasdaq is up 0.07%.
February 12, 2014 – Indices News
Asian markets went up earlier this morning after better than expected data from China and Janet Yellen’s testimony in America. Though she emphasized that the Fed wants to continue tapering, she noted, dovishly, the labor market will need to improve substantially in order to fully cease providing stimulus. Data from China showed a better than expected trade balance – alleviating fears of a slowdown in the world’s second largest economy. The Nikkei closed up 0.56%, the Hang Seng closed up 1.47%, and the ASX 200 closed up 1.06%.
European markets also went up due to better than expected Chinese data. Further, better than expected corporate earnings reports from firms in the financial sector have also propped indices up. Investors are feeling bullish today mostly because many tapering worries are alleviating and the global economy appears to be strengthening. Consequently, the Stoxx 50 has closed up 0.58%, the FTSE has closed up 0.04%, and the DAX has closed up 0.65%.
American markets are fluctuating despite upward pressure from yesterday’s testimony by Federal Reserve Chairman Janet Yellen. The main source of discomfort for investors is worse than expected earnings data from large firms like Proctor & Gamble and Amazon. For next few hours, we may see optimism stemming from tapering comments being offset by poor corporate performance. Right now, the Dow is down 0.23%, the S&P is down 0.13%, and the Nasdaq is up 0.07%.
Related Posts: