Asian markets have climbed for a second day on the back of better than expected US industrial production data and reassuring comments from Federal reserve Chairwoman Janet Yellen. Specifically, Yellen noted that the Fed was committed to “supporting the economic recovery.” These statements were taken as dovish by many investors, and equities have risen as a result. For Asia, this means that demand in a key export market may continue to rise and thus optimism abounds across the Pacific. Thus, the Nikkei remained unchanged, while the Hang Seng climbed 0.28%, the ASX 200 climbed 0.63%.
European equities are benefiting from stronger US unemployment data as initial jobless claims were lower than expected. Furthermore, the Philadelphia Fed Manufacturing Index also showed bullish results. Given the interconnectedness between the US and European economies, European indices are rising and are expected to close higher today. Though tension over Eastern Europe weighs heavily on everyone’s mind, the situation has not escalated as of yet and market participants are still hoping from a diplomatic resolution to the crisis. The Stoxx 50 is up 0.29%, the FTSE is up 0.51%, and the DAX is up 0.63%.
American markets are fluctuated as investors reconcile better than expected data with corporate earnings reports that were less than spectacular. Though companies like Yahoo posted better than expected earnings yesterday, today Google and IBM reported reduced earnings or declining sales. Consequently, equities are quite mixed as investors are unclear where US indices will go in the short term. Furthermore, movement could also begin to quite down soon as US markets are closed for Good Friday tomorrow. IN the meantime, the Dow is up 0.03%, the S&P 500 is up 0.05%, and the Nasdaq is up 0.23%.
April 17, 2014 – Indices News
Asian markets have climbed for a second day on the back of better than expected US industrial production data and reassuring comments from Federal reserve Chairwoman Janet Yellen. Specifically, Yellen noted that the Fed was committed to “supporting the economic recovery.” These statements were taken as dovish by many investors, and equities have risen as a result. For Asia, this means that demand in a key export market may continue to rise and thus optimism abounds across the Pacific. Thus, the Nikkei remained unchanged, while the Hang Seng climbed 0.28%, the ASX 200 climbed 0.63%.
European equities are benefiting from stronger US unemployment data as initial jobless claims were lower than expected. Furthermore, the Philadelphia Fed Manufacturing Index also showed bullish results. Given the interconnectedness between the US and European economies, European indices are rising and are expected to close higher today. Though tension over Eastern Europe weighs heavily on everyone’s mind, the situation has not escalated as of yet and market participants are still hoping from a diplomatic resolution to the crisis. The Stoxx 50 is up 0.29%, the FTSE is up 0.51%, and the DAX is up 0.63%.
American markets are fluctuated as investors reconcile better than expected data with corporate earnings reports that were less than spectacular. Though companies like Yahoo posted better than expected earnings yesterday, today Google and IBM reported reduced earnings or declining sales. Consequently, equities are quite mixed as investors are unclear where US indices will go in the short term. Furthermore, movement could also begin to quite down soon as US markets are closed for Good Friday tomorrow. IN the meantime, the Dow is up 0.03%, the S&P 500 is up 0.05%, and the Nasdaq is up 0.23%.
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