Asian markets mostly went up this morning after better than expected US ISM non-manufacturing PMI data reported growth in the service sector in one of Asia’s largest export markets. However, the worse than expected ADP Nonfarm Employment data still weighed down certain Asian Indices a little bit. All in all, the Nikkei closed down 0.14%, the Hang Seng closed up 0.72%, and the ASX 200 closed up 1.24%.
European Markets moved up after ECB head Mario Draghi announced that interests rates would remain the same and that Europe is not facing any deflationary pressure. He also noted that the ECB would not hesitate to take action if the inflation situation changed. Thus, most fears on the part of investors have been mitigated and European indices are continuing their upward motion. So far, the Stoxx 50 is up 1.52%, the FTSE is up 1.47%, and the DAX is up 1.42%.
American markets have responded positively to better than expected Initial Jobless Claims data – which has noted that new claims amounted to only 331,000 despite expectations of 335,000. Furthermore, corporate earnings have remained strong with 77% of companies on the S&P beating profit estimates. Not surprisingly, the Dow is up 0.92%, the S&P is up 0.75%, and the Nasdaq is up 0.93%.
February 6, 2014 – Indices News
Asian markets mostly went up this morning after better than expected US ISM non-manufacturing PMI data reported growth in the service sector in one of Asia’s largest export markets. However, the worse than expected ADP Nonfarm Employment data still weighed down certain Asian Indices a little bit. All in all, the Nikkei closed down 0.14%, the Hang Seng closed up 0.72%, and the ASX 200 closed up 1.24%.
European Markets moved up after ECB head Mario Draghi announced that interests rates would remain the same and that Europe is not facing any deflationary pressure. He also noted that the ECB would not hesitate to take action if the inflation situation changed. Thus, most fears on the part of investors have been mitigated and European indices are continuing their upward motion. So far, the Stoxx 50 is up 1.52%, the FTSE is up 1.47%, and the DAX is up 1.42%.
American markets have responded positively to better than expected Initial Jobless Claims data – which has noted that new claims amounted to only 331,000 despite expectations of 335,000. Furthermore, corporate earnings have remained strong with 77% of companies on the S&P beating profit estimates. Not surprisingly, the Dow is up 0.92%, the S&P is up 0.75%, and the Nasdaq is up 0.93%.
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