Asian markets have rebounded from yesterday’s drop after Chinese exports rose more than expected. This has temporarily assuaged fears that the Chinese economy could be experiencing a slowdown. Furthermore, investors were also a little more bullish in light of Janet Yellen’s statements emphasizing the need for the federal reserve to further bolster the US economy. Given the importance of US markets to Asian firms, any sign that the Fed may prop up US consumers is viewed optimistically. The Nikkei has closed up 0.93%, the Hang Seng has closed up 0.42%, and the ASX 200 has closed up 0.75%.
European markets are climbing in light of the decision by the European Central Bank to keep the interest level despite expectations that they would cut it to ease deflationary pressure in the Eurozone. Investors felt that this was a vote of confidence in the European economy, as ECB head Mario Draghi noted that officials were comfortable taking action on the deflation issue in June rather than right now. At the moment, the Stoxx 50 is up 1.24%, the FTSE is up 0.60%, and the DAX is up 0.90%.
American markets are rising as tech companies recover from this weeks losses. Further pushing up US equities was better than expected initial jobless claims data, which in conjunction with good NFP data from last Friday has provided more confirmation that the US employment market is recovery. Many are also speculating on the possibility of the ECB starting a quantitative easing program – something that would boost European markets and help the US indirectly. Now, the Dow is up 0.32%, the S&P 500 is up 0.43%, and the Nasdaq is up 0.66%.
May 8, 2014 – Indices News
Asian markets have rebounded from yesterday’s drop after Chinese exports rose more than expected. This has temporarily assuaged fears that the Chinese economy could be experiencing a slowdown. Furthermore, investors were also a little more bullish in light of Janet Yellen’s statements emphasizing the need for the federal reserve to further bolster the US economy. Given the importance of US markets to Asian firms, any sign that the Fed may prop up US consumers is viewed optimistically. The Nikkei has closed up 0.93%, the Hang Seng has closed up 0.42%, and the ASX 200 has closed up 0.75%.
European markets are climbing in light of the decision by the European Central Bank to keep the interest level despite expectations that they would cut it to ease deflationary pressure in the Eurozone. Investors felt that this was a vote of confidence in the European economy, as ECB head Mario Draghi noted that officials were comfortable taking action on the deflation issue in June rather than right now. At the moment, the Stoxx 50 is up 1.24%, the FTSE is up 0.60%, and the DAX is up 0.90%.
American markets are rising as tech companies recover from this weeks losses. Further pushing up US equities was better than expected initial jobless claims data, which in conjunction with good NFP data from last Friday has provided more confirmation that the US employment market is recovery. Many are also speculating on the possibility of the ECB starting a quantitative easing program – something that would boost European markets and help the US indirectly. Now, the Dow is up 0.32%, the S&P 500 is up 0.43%, and the Nasdaq is up 0.66%.
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