Asian markets went down today in all regions outside of Japan as investors worried that the Fed would report insufficient growth after their meeting. Due to America’s importance as a consumer of Asian goods, any scare about growth in the world’s largest economy hurts firms in the far east. Japan avoided bearish sentiment as the yen slowly fell against the dollar, pushing up the export income of Japanese firms. All in all, The Nikkei closed up 0.93%, the Hang Seng closed down 0.09%, and the ASX 200 closed down 0.33%.
European markets were mostly bullish today ahead of the FOMC interest rate decision. Investors in Europe were more optimistic about growth prospects in the US, and expected tapering to continue in light of this. Also pushing up European equities was a rise in oil prices due to Iraq tension, which counter intuitively fueled a rally in energy stocks. At closing, the Stoxx 50 was 0.12% higher, the FTSE was 0.17% higher, and the DAX was up 0.10%.
America markets have gone up so far after the Fed decided to keep the interest rate the same and taper the stimulus by another 10 billion dollars. In their statement, the FOMC noted that the US labor market was improving and would continue to do so in the next few quarters. Thus, investors responded optimistically and pushed stocks higher. Due to the importance of the Fed’s statements, US markets may continue to rise even tomorrow as risk appetite rebounds. Right now, the Dow is up 0.14%, the S&P is up 0.36%, and the Nasdaq is up 0.17%.
June 18, 2014 – Indices News
Asian markets went down today in all regions outside of Japan as investors worried that the Fed would report insufficient growth after their meeting. Due to America’s importance as a consumer of Asian goods, any scare about growth in the world’s largest economy hurts firms in the far east. Japan avoided bearish sentiment as the yen slowly fell against the dollar, pushing up the export income of Japanese firms. All in all, The Nikkei closed up 0.93%, the Hang Seng closed down 0.09%, and the ASX 200 closed down 0.33%.
European markets were mostly bullish today ahead of the FOMC interest rate decision. Investors in Europe were more optimistic about growth prospects in the US, and expected tapering to continue in light of this. Also pushing up European equities was a rise in oil prices due to Iraq tension, which counter intuitively fueled a rally in energy stocks. At closing, the Stoxx 50 was 0.12% higher, the FTSE was 0.17% higher, and the DAX was up 0.10%.
America markets have gone up so far after the Fed decided to keep the interest rate the same and taper the stimulus by another 10 billion dollars. In their statement, the FOMC noted that the US labor market was improving and would continue to do so in the next few quarters. Thus, investors responded optimistically and pushed stocks higher. Due to the importance of the Fed’s statements, US markets may continue to rise even tomorrow as risk appetite rebounds. Right now, the Dow is up 0.14%, the S&P is up 0.36%, and the Nasdaq is up 0.17%.
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