Asian markets have mostly fallen today after reaching a six year high earlier this week. A lot of the downward movement was from tension in Iraq, though profit taking also played a role in the decline. Another key factor in the decline was a drop in the price of iron, which hurt mining and metals companies and has caused as much as 30% of Chinese companies in the field to stop operating. The Nikkei ended lower 0.08%, the Hang Seng ended higher 0.11%, and the ASX 200 dropped 0.89%.
European markets are up today despite worse than expected German PPI data, which has indicated that manufacturing may be under performing. The main cause of this was Eurozone current account data, which came out better than expected and provided bullish sentiment to counteract earlier pessimism. Now, European indices may continue to climb as investors process this weeks events. Optimism stemming from the Fed’s recent interest ate decision is still moving markets. Now, the Stoxx 50 is up 0.04%, the FTSE is up 43%, and the DAX is up 0.22%.
American markets are also rising due to bullishness from the Fed’s recent remarks. Investors are pleased with the central bank’s accommodation monetary policy and with evidence that the labor market is improving. As there is no further data from the US coming out today, this upward movement is likely to continue for a while until the closing time gets closed. Around then, markets may range in anticipation of the weekend. The Dow is up 0.22%, the S&P is up 0.15%, and the Nasdaq is up 0.10%.
June 20, 2014 – Indices News
Asian markets have mostly fallen today after reaching a six year high earlier this week. A lot of the downward movement was from tension in Iraq, though profit taking also played a role in the decline. Another key factor in the decline was a drop in the price of iron, which hurt mining and metals companies and has caused as much as 30% of Chinese companies in the field to stop operating. The Nikkei ended lower 0.08%, the Hang Seng ended higher 0.11%, and the ASX 200 dropped 0.89%.
European markets are up today despite worse than expected German PPI data, which has indicated that manufacturing may be under performing. The main cause of this was Eurozone current account data, which came out better than expected and provided bullish sentiment to counteract earlier pessimism. Now, European indices may continue to climb as investors process this weeks events. Optimism stemming from the Fed’s recent interest ate decision is still moving markets. Now, the Stoxx 50 is up 0.04%, the FTSE is up 43%, and the DAX is up 0.22%.
American markets are also rising due to bullishness from the Fed’s recent remarks. Investors are pleased with the central bank’s accommodation monetary policy and with evidence that the labor market is improving. As there is no further data from the US coming out today, this upward movement is likely to continue for a while until the closing time gets closed. Around then, markets may range in anticipation of the weekend. The Dow is up 0.22%, the S&P is up 0.15%, and the Nasdaq is up 0.10%.
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