Increased Credit in China Brings Optimism to The Market
February 17, 2014 10:15 pm
February 17, 2014 – Indices News
The Asian session had a very good day today as traders turned to stocks after having learned that China`s credit increased to a record in January. Chinese Aggregate Financing, a key measure of Chinese credit, was around 430 billion dollars – assuaging fears from the end of last year about a possible credit crunch in the world’s second largest economy. Also, though Japanese GDP numbers worse worse than expected, Japanese markets were still able to climb slightly by the end of the session. The Nikkei closed up 0.56, the Hang Seng closed up 1.07%, and the ASX 200 has closed up 0.50%.
Today, European markets are still enjoying the aftermath of Friday’s positive yearly and quarterly GDP results from the Eurozone. The main contributors to European growth have been mining and telecommunications stocks after good earnings data and a rise in the demand for metals. The Stoxx 50 closed down 0.00%, the FTSE closed up 1.09%, and the DAX is down 0.06%.
Today is President’s day in the United States so American markets will not be moving that much. Later this week, the FOMC will issue a statement on the future of US monetary policy, so starting tomorrow we could see significant movement in US indices.
February 17, 2014 – Indices News
The Asian session had a very good day today as traders turned to stocks after having learned that China`s credit increased to a record in January. Chinese Aggregate Financing, a key measure of Chinese credit, was around 430 billion dollars – assuaging fears from the end of last year about a possible credit crunch in the world’s second largest economy. Also, though Japanese GDP numbers worse worse than expected, Japanese markets were still able to climb slightly by the end of the session. The Nikkei closed up 0.56, the Hang Seng closed up 1.07%, and the ASX 200 has closed up 0.50%.
Today, European markets are still enjoying the aftermath of Friday’s positive yearly and quarterly GDP results from the Eurozone. The main contributors to European growth have been mining and telecommunications stocks after good earnings data and a rise in the demand for metals. The Stoxx 50 closed down 0.00%, the FTSE closed up 1.09%, and the DAX is down 0.06%.
Today is President’s day in the United States so American markets will not be moving that much. Later this week, the FOMC will issue a statement on the future of US monetary policy, so starting tomorrow we could see significant movement in US indices.
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