Asian markets have climbed after US indices performed exceptionally well. Due to the interconnected nature of the global economy, bullishness in the US will often translate into bullishness in Asia – especially considering the importance of the US market for Asian firms. Though Chinese Factory Production data came out below expectations, euphoria from across the pacific outweighed any negative sentiment stemming from this. Today, the Nikkei rose 1.95%, the Hang Seng climbed 0.41%, and the ASX 200 climbed 0.91%.
European markets are also quite bullish today despite worse than expected Eurozone and German ZEW Economic Sentiment data. Fueling this climb has been better than expected corporate earnings from titans of European industry such as Airbus and ThyssenKrupp. Furthermore, investors feel reassured after Mario Draghi stated that the ECB will take action against deflation in June. Due to all the optimism, European indices have reached a six year high, with the Stoxx 50 closing up 0.15%, the FTSE climbing 0.31%, and the DAX closed up 0.54%.
American markets are mostly unchanged at the moment, after erasing gains from earlier today. After rising a bit despite worse than expected retail sales data, American indices fell after the S&P bounced off a psychological support at 1900. Despite this temporary slowdown, investors are still mostly optimistic about US equities, as their performance has been quite strong despite occasional bad data. Now, the Dow is up 0.11%, the S%P is up 0.02%, and the Nasdaq is down 0.30%.
May 13, 2014 – Indices News
Asian markets have climbed after US indices performed exceptionally well. Due to the interconnected nature of the global economy, bullishness in the US will often translate into bullishness in Asia – especially considering the importance of the US market for Asian firms. Though Chinese Factory Production data came out below expectations, euphoria from across the pacific outweighed any negative sentiment stemming from this. Today, the Nikkei rose 1.95%, the Hang Seng climbed 0.41%, and the ASX 200 climbed 0.91%.
European markets are also quite bullish today despite worse than expected Eurozone and German ZEW Economic Sentiment data. Fueling this climb has been better than expected corporate earnings from titans of European industry such as Airbus and ThyssenKrupp. Furthermore, investors feel reassured after Mario Draghi stated that the ECB will take action against deflation in June. Due to all the optimism, European indices have reached a six year high, with the Stoxx 50 closing up 0.15%, the FTSE climbing 0.31%, and the DAX closed up 0.54%.
American markets are mostly unchanged at the moment, after erasing gains from earlier today. After rising a bit despite worse than expected retail sales data, American indices fell after the S&P bounced off a psychological support at 1900. Despite this temporary slowdown, investors are still mostly optimistic about US equities, as their performance has been quite strong despite occasional bad data. Now, the Dow is up 0.11%, the S%P is up 0.02%, and the Nasdaq is down 0.30%.
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