American markets went up slightly yesterday as US employment data was received positively. US indices are currently floating around their all time highs, and due to market fatigue they are unlikely to rise further in the short term. However, in the long term, equities may continue to rise as there is not enough growth fro the Fed to justify ending the stimulus immediately and there is not enough evidence to claim the US is still in a recession. Today, traders should look out for US ISM Non-manufacturing data at 14:00 GMT to get a better idea of where US indices will go. Yesterday, the Dow closed up 0.20%, the S&P closed up 0.29%, and the Nasdaq closed up 0.20%.
Earlier this morning, Asian markets climbed due to US ADP Nonfarm Employment data which suggested the US economy added more jobs than last month. Due to the importance of the American market to Asian firms, any good data from the US makes investors more optimistic. Furthermore, the Chinese government came out with a stimulus plan yesterday that involves heavy spending on railroads and tax relief to support the economy. Consequently, market participants are quite bullish on equities right now. Not surprisingly, The Nikkei closed up 0.84%, the Hang Seng closed up 0.18%, and the ASX 200 closed up 0.12%.
European markets are little changed before the interests rate decision from the European Central Bank. Due to the importance of this event, it is unlikely that we will see significant movement until the information is published. Recently, there has been anxiety over possible deflationary pressure in the Eurozone, and investors are hoping for some reassurance with today’s decision and the press conference that follows. Be sure to pay attention to statements made by ECB officials closely. The interest rate decision will come out at 11:45 GMT while the Press conference will be AT 12:30 GMT. So far, the Stoxx 50 is up 0.13%, the FTSE is down 0.03%, and the DAX is down 0.11%.
April 3, 2014 – Indices News
American markets went up slightly yesterday as US employment data was received positively. US indices are currently floating around their all time highs, and due to market fatigue they are unlikely to rise further in the short term. However, in the long term, equities may continue to rise as there is not enough growth fro the Fed to justify ending the stimulus immediately and there is not enough evidence to claim the US is still in a recession. Today, traders should look out for US ISM Non-manufacturing data at 14:00 GMT to get a better idea of where US indices will go. Yesterday, the Dow closed up 0.20%, the S&P closed up 0.29%, and the Nasdaq closed up 0.20%.
Earlier this morning, Asian markets climbed due to US ADP Nonfarm Employment data which suggested the US economy added more jobs than last month. Due to the importance of the American market to Asian firms, any good data from the US makes investors more optimistic. Furthermore, the Chinese government came out with a stimulus plan yesterday that involves heavy spending on railroads and tax relief to support the economy. Consequently, market participants are quite bullish on equities right now. Not surprisingly, The Nikkei closed up 0.84%, the Hang Seng closed up 0.18%, and the ASX 200 closed up 0.12%.
European markets are little changed before the interests rate decision from the European Central Bank. Due to the importance of this event, it is unlikely that we will see significant movement until the information is published. Recently, there has been anxiety over possible deflationary pressure in the Eurozone, and investors are hoping for some reassurance with today’s decision and the press conference that follows. Be sure to pay attention to statements made by ECB officials closely. The interest rate decision will come out at 11:45 GMT while the Press conference will be AT 12:30 GMT. So far, the Stoxx 50 is up 0.13%, the FTSE is down 0.03%, and the DAX is down 0.11%.
Related Posts: