Asian markets have mostly gone up due to better than expected corporate earnings data. Companies like LG and Ping An insurance gained after posting better than expected profit growth. Though tension in Europe remains, the risk has already been priced into most Asian indices from yesterday. Investors are also a little more optimistic due to their belief that the Chinese government will do whatever it takes to prevent a slowdown. Thus, the Hang Seng climbed 1.45%. Japanese markets were closed for a holiday.
European markets have advanced also due to better than expected corporate earnings data. Larger firms like Deutsche bank and Statoil both rose substantially, and bullish sentiment from the private sector managed to drown out any anxiety about the situation in the Ukraine. Furthermore, Mergers and Acquisitions activity from yesterday is also helping prop up investor confidence. Not surprisingly, the Stoxx 50 climbed 1.35%, the FTSE closed up 1.04%, and the DAX closed higher 1.83%.
American markets have climbed after the first rally in technology stocks in about five days. Yahoo, Twitter, and TripAdvisor jumped at least 4.5% each while Facebook had 3.4% rise. Though consumer confidence declined, investors ignored this information and focused on solid private sector reports. Therefore, US indices have closed higher today, with the Dow up 0.53%, the S&P up 0.48%, and the Nasdaq up 0.72%.
April 29, 2014 – Indices News
Asian markets have mostly gone up due to better than expected corporate earnings data. Companies like LG and Ping An insurance gained after posting better than expected profit growth. Though tension in Europe remains, the risk has already been priced into most Asian indices from yesterday. Investors are also a little more optimistic due to their belief that the Chinese government will do whatever it takes to prevent a slowdown. Thus, the Hang Seng climbed 1.45%. Japanese markets were closed for a holiday.
European markets have advanced also due to better than expected corporate earnings data. Larger firms like Deutsche bank and Statoil both rose substantially, and bullish sentiment from the private sector managed to drown out any anxiety about the situation in the Ukraine. Furthermore, Mergers and Acquisitions activity from yesterday is also helping prop up investor confidence. Not surprisingly, the Stoxx 50 climbed 1.35%, the FTSE closed up 1.04%, and the DAX closed higher 1.83%.
American markets have climbed after the first rally in technology stocks in about five days. Yahoo, Twitter, and TripAdvisor jumped at least 4.5% each while Facebook had 3.4% rise. Though consumer confidence declined, investors ignored this information and focused on solid private sector reports. Therefore, US indices have closed higher today, with the Dow up 0.53%, the S&P up 0.48%, and the Nasdaq up 0.72%.
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