Asian markets outside of Japan have gone higher today amid expectations that the Chinese government will act in order to prop up the value of equities. Specifically, China is expected to relax limits on foreign investment and expand quotas for capital flow – giving investors more confidence that the Chinese economy has the ability to adapt to an environment with slower growth. Japanese markets, however, faced decline due to worse than expected current account data. At the end of the session, the Nikkei was down 0.35%, the Hang Seng was up 1.82%, and the ASX 200 was down 0.23%.
European markets are up today due to better than expected performance from mining companies. The improved outlook for equities stems from statements by ECB President Mario Draghi mentioned that the central bank planned to take action against deflation in June – a move that is guaranteed to increase the flow of money into capital markets. Though tension still remains in Eastern Europe, the market does not seem to be reaction as most of the risk has already been accounted for in asset prices. At market closing, the Stoxx 50 was up 0.72%, the FTSE was up 0.55%, and the Dax was up 1.26%.
American markets are up today as technology stocks make a comeback. Investors are very bullish right now due to expectations of recovery in the US economy and better than expected corporate earnings. Furthermore, upcoming dovish actions from central banks in Europe and China are also expected to give equities a boost. Right now, the Dow is up 0.71%, the S&P 500 is up 0.93%, and the Nasdaq is up 1.76%.
May 12, 2014 – Indices News
Asian markets outside of Japan have gone higher today amid expectations that the Chinese government will act in order to prop up the value of equities. Specifically, China is expected to relax limits on foreign investment and expand quotas for capital flow – giving investors more confidence that the Chinese economy has the ability to adapt to an environment with slower growth. Japanese markets, however, faced decline due to worse than expected current account data. At the end of the session, the Nikkei was down 0.35%, the Hang Seng was up 1.82%, and the ASX 200 was down 0.23%.
European markets are up today due to better than expected performance from mining companies. The improved outlook for equities stems from statements by ECB President Mario Draghi mentioned that the central bank planned to take action against deflation in June – a move that is guaranteed to increase the flow of money into capital markets. Though tension still remains in Eastern Europe, the market does not seem to be reaction as most of the risk has already been accounted for in asset prices. At market closing, the Stoxx 50 was up 0.72%, the FTSE was up 0.55%, and the Dax was up 1.26%.
American markets are up today as technology stocks make a comeback. Investors are very bullish right now due to expectations of recovery in the US economy and better than expected corporate earnings. Furthermore, upcoming dovish actions from central banks in Europe and China are also expected to give equities a boost. Right now, the Dow is up 0.71%, the S&P 500 is up 0.93%, and the Nasdaq is up 1.76%.
Related Posts: