Asian markets have started the week on a low note after fears of a slowdown in China resurfaced. Most of the anxiety began after home price data came out worse than expected – giving investors the impression that growth in the Middle Kingdom may be coming to a standstill and pushing equities down. Furthermore, investors also shunned Japanese equities as a higher yen put a dent on the export earnings of many larger firms. Not surprisingly, the Nikkei was down 0.64%, the Hang Seng was down 0.04%, and the ASX 200 was down 1.28%.
European markets were mixed today in light of British drug-maker AstraZeneca’s decline of a takeover bid by Pfizer. Though its stock fell, pessimism stemming from this decision was offset by solid performance from Ryanair and Alstom. As far as European indices are concerned, the main factor to watch is the European Central Bank. Analysts are waiting to see whether the ECB will prop up the economy with some form of quantitative easing. Until more information is revealed, larger movements may be unlikely Today, the Stoxx 50 closed down 0.09%, the FTSE closed down 0.16%, and the DAX closed up 0.31%.
American markets are bullish today as tech stocks begin to rebound after posting tremendous declines earlier this month. Companies like Pandora, TripAdvisor, and Netflix lead internet equities forward. Right now, analysts are looking to the FOMC meeting minutes due to come out on Wednesday in order to gain perspective on where the market may go. Until then, markets may begin to quite in anticipation. Now, the Dow is up 0.12%, the S&P is up 0.38%, and the Nasdaq is up 0.86%.
May 19, 2014 – Indices News
Asian markets have started the week on a low note after fears of a slowdown in China resurfaced. Most of the anxiety began after home price data came out worse than expected – giving investors the impression that growth in the Middle Kingdom may be coming to a standstill and pushing equities down. Furthermore, investors also shunned Japanese equities as a higher yen put a dent on the export earnings of many larger firms. Not surprisingly, the Nikkei was down 0.64%, the Hang Seng was down 0.04%, and the ASX 200 was down 1.28%.
European markets were mixed today in light of British drug-maker AstraZeneca’s decline of a takeover bid by Pfizer. Though its stock fell, pessimism stemming from this decision was offset by solid performance from Ryanair and Alstom. As far as European indices are concerned, the main factor to watch is the European Central Bank. Analysts are waiting to see whether the ECB will prop up the economy with some form of quantitative easing. Until more information is revealed, larger movements may be unlikely Today, the Stoxx 50 closed down 0.09%, the FTSE closed down 0.16%, and the DAX closed up 0.31%.
American markets are bullish today as tech stocks begin to rebound after posting tremendous declines earlier this month. Companies like Pandora, TripAdvisor, and Netflix lead internet equities forward. Right now, analysts are looking to the FOMC meeting minutes due to come out on Wednesday in order to gain perspective on where the market may go. Until then, markets may begin to quite in anticipation. Now, the Dow is up 0.12%, the S&P is up 0.38%, and the Nasdaq is up 0.86%.
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