Asian markets moved upward today despite worse than expected Nonfarm Payrolls data on Friday. Though th ata was by no means positive, investings feel that the Fed will hold off on further tapering if there is any sign that the recovery is in jeopardy. As the US is one of the primary export markets for Asian firms, continued stimulus spending is viewed as a good thing because it will allow American consumers to keep purchasing their products. Thus, despite worse than expected Japanese trade data, sentiment was positive. The Nikkei closed up 1.77%, the Hang Seng closed down 0.27%, and the ASX 200 climbed 1.08%.
European markets were mostly unchanged today as thee was little data important enough to move markets. Against this backdrop, certain key equities like L’Oreal and Nokia have risen, but any serious gains have been hampered by a German court ruling which has claimed the Eurozone bond buying program may be outside of the Brussels’ mandate. The Stoxx 50 has closed down 0.2%, the FTSE has closed up 0.3%, and the DAX has closed down 0.13%.
American markets are fluctuating in anticipation of Janet Yellen’s speech tomorrow after rising earlier due to worse than expected Nonfarm Payrolls data on Friday. Though a reduced probability of future tapering has given markets a boost, investors need further understanding of how the Fed views the current economic situation within the US. Thus, it is likely that US indices may continue to range until tomorrow. The Dow is down 0.09%, the S&P 500 is down 0.03%, and the Nasdaq is up 0.29%.
February 10, 2014 – Indices News
Asian markets moved upward today despite worse than expected Nonfarm Payrolls data on Friday. Though th ata was by no means positive, investings feel that the Fed will hold off on further tapering if there is any sign that the recovery is in jeopardy. As the US is one of the primary export markets for Asian firms, continued stimulus spending is viewed as a good thing because it will allow American consumers to keep purchasing their products. Thus, despite worse than expected Japanese trade data, sentiment was positive. The Nikkei closed up 1.77%, the Hang Seng closed down 0.27%, and the ASX 200 climbed 1.08%.
European markets were mostly unchanged today as thee was little data important enough to move markets. Against this backdrop, certain key equities like L’Oreal and Nokia have risen, but any serious gains have been hampered by a German court ruling which has claimed the Eurozone bond buying program may be outside of the Brussels’ mandate. The Stoxx 50 has closed down 0.2%, the FTSE has closed up 0.3%, and the DAX has closed down 0.13%.
American markets are fluctuating in anticipation of Janet Yellen’s speech tomorrow after rising earlier due to worse than expected Nonfarm Payrolls data on Friday. Though a reduced probability of future tapering has given markets a boost, investors need further understanding of how the Fed views the current economic situation within the US. Thus, it is likely that US indices may continue to range until tomorrow. The Dow is down 0.09%, the S&P 500 is down 0.03%, and the Nasdaq is up 0.29%.
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