American markets were mostly unchanged yesterday despite worse than expected employment data. On Tuesday, equities began to rebound after the crisis in the Ukraine died down. Thus, US markets were under both upward and downward pressure from different sources, and consequently did not move substantially. Today, we may see some movement in anticipation of the Nonfarm Payrolls data coming out tomorrow at 13:30 GMT. The Dow closed down 0.22%, the S&P closed down 0.01%, and the Nasdaq closed up 0.14%.
Asian markets went up for the most part on better performance from Japanese stocks. The weakening yen has been a boon to Japanese exporters -who see their overseas incoming rising. Chinese markets have also climbed – halting a two day drop. However, there is some worry that the government is not doing enough to combat local government debt. All in all, the Nikkei closed up 1.59%, the Hang Seng closed up 0.55%, and the ASX 200 closed down 0.01%.
European markets are higher in anticipation of the interest rate decision from the European Central bank. So far, analysts are predicting that the ECB will cut the rate in the hopes that this will stimulate the Eurozone economy. Furthermore, the Bank of England will also be making an interest rate decision – though most analysts believe that they will leave the current rate unchanged. In the meantime, the Stoxx 50 is up 0.44%, the FTSE is up 0.10%, and the DAX is up 0.22%.
March 6, 2014 – Indices News
American markets were mostly unchanged yesterday despite worse than expected employment data. On Tuesday, equities began to rebound after the crisis in the Ukraine died down. Thus, US markets were under both upward and downward pressure from different sources, and consequently did not move substantially. Today, we may see some movement in anticipation of the Nonfarm Payrolls data coming out tomorrow at 13:30 GMT. The Dow closed down 0.22%, the S&P closed down 0.01%, and the Nasdaq closed up 0.14%.
Asian markets went up for the most part on better performance from Japanese stocks. The weakening yen has been a boon to Japanese exporters -who see their overseas incoming rising. Chinese markets have also climbed – halting a two day drop. However, there is some worry that the government is not doing enough to combat local government debt. All in all, the Nikkei closed up 1.59%, the Hang Seng closed up 0.55%, and the ASX 200 closed down 0.01%.
European markets are higher in anticipation of the interest rate decision from the European Central bank. So far, analysts are predicting that the ECB will cut the rate in the hopes that this will stimulate the Eurozone economy. Furthermore, the Bank of England will also be making an interest rate decision – though most analysts believe that they will leave the current rate unchanged. In the meantime, the Stoxx 50 is up 0.44%, the FTSE is up 0.10%, and the DAX is up 0.22%.
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