American markets were little changed yesterday amid better than expected US ADP Nonfarm employment data. Though investors wee expected decent job growth, many are hesitant to alter their positions before the official Nonfarm Payrolls report is published. Furthermore, the Fed’s desire to keep the interests rate steady for now contrasts with their goal of tapering the stimulus as far as equities are concerned, as the two policies inspire different market sentiment. At closing, the Dow was up 0.12%, the S&P was up 0.07%, and the Nasdaq was down 0.02%.
Asian markets are fluctuating between gains and losses in anticipation of US Nonfarm Payrolls. Though many feel the data will be bullish, investors are taking a more reserved approach – preferring to abstain from risky behavior until the dust has settled and the information has been published. Also contributing to indecision on the direction of equity prices has been mixed private sector performance, with companies like consumer goods exporter Li & Fung falling and Anhui Conch Cement, a supplier of building materials, rising. All in All, the Nikkei has fallen 0.14%, the hang Seng has fallen 0.07%, and the ASX 200 rose 0.66%.
European markets are slightly higher ahead of the NFP report, with investors in the old world taking bullish expectations to heart. Further aiding this optimism are expectations that the ECB will keep the interest rate the same and possibly outline an asset purchase plan to combat deflationary pressure and stimulate the Eurozone economy. In light of all this, the Stoxx 50 is up 0.22%, the FTSE is up 0.23%, and the DAX is up 0.18%.
July 3, 2014 – Indices News
American markets were little changed yesterday amid better than expected US ADP Nonfarm employment data. Though investors wee expected decent job growth, many are hesitant to alter their positions before the official Nonfarm Payrolls report is published. Furthermore, the Fed’s desire to keep the interests rate steady for now contrasts with their goal of tapering the stimulus as far as equities are concerned, as the two policies inspire different market sentiment. At closing, the Dow was up 0.12%, the S&P was up 0.07%, and the Nasdaq was down 0.02%.
Asian markets are fluctuating between gains and losses in anticipation of US Nonfarm Payrolls. Though many feel the data will be bullish, investors are taking a more reserved approach – preferring to abstain from risky behavior until the dust has settled and the information has been published. Also contributing to indecision on the direction of equity prices has been mixed private sector performance, with companies like consumer goods exporter Li & Fung falling and Anhui Conch Cement, a supplier of building materials, rising. All in All, the Nikkei has fallen 0.14%, the hang Seng has fallen 0.07%, and the ASX 200 rose 0.66%.
European markets are slightly higher ahead of the NFP report, with investors in the old world taking bullish expectations to heart. Further aiding this optimism are expectations that the ECB will keep the interest rate the same and possibly outline an asset purchase plan to combat deflationary pressure and stimulate the Eurozone economy. In light of all this, the Stoxx 50 is up 0.22%, the FTSE is up 0.23%, and the DAX is up 0.18%.
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