Asian markets have climbed today as better than expected US data inspired confidence in one of the key target markets for Asian firms. Further bullish sentiment stems from an advance of Chinese equities, which stems from better than expected Chinese data earlier this week. Both Chinese manufacturing and non-manufacturing PMI reports showed signs growth, which has prompted many to believe that the world’s second largest economy is in recovery. Not surprisingly, markets all over the pacific were experiencing upward pressure as a result. All in all, the Nikkei climbed 0.58%, the Hang Seng climbed 0.15%, and the ASX 200 climbed 0.66%.
European markets have climbed so far, as better than expected Nonfarm Payrolls data has increased confidence in the global economy and overshadowed a decline in German factory orders. Though bank equities have not had witnessed the best performance after Mario Draghi announce that the stimulus would be delayed, European equities will most like ly continue to do well on the coattails of recovery in both the US and China. Since today is a Friday, we may see activity begin to die down later in the day as the weekend approaches. For now, the Stoxx 50 is up 1.15%, the FTSE 100 is up 0.72%, and the DAX is up 1.19%.
American markets will be closed today for Independence day. Yesterday, however, Nonfarm payrolls data provided a boost to US markets as the report revealed how the US economy created around 288,000 new jobs – far exceeding analysts expectations. This has solidified claims by Federal officials that the US is in recovery. Furthermore, the data provides ammunition for the Federal Reserve should it seek to raise the interest rate at some point. For the next few days, we will probably see bullishness in the US. Yesterday, The Dow closed up 0.54%, the S&P 500 closed up 0.55%, and the Nasdaq is up 0.63%.
July 4, 2014 – Indices News
Asian markets have climbed today as better than expected US data inspired confidence in one of the key target markets for Asian firms. Further bullish sentiment stems from an advance of Chinese equities, which stems from better than expected Chinese data earlier this week. Both Chinese manufacturing and non-manufacturing PMI reports showed signs growth, which has prompted many to believe that the world’s second largest economy is in recovery. Not surprisingly, markets all over the pacific were experiencing upward pressure as a result. All in all, the Nikkei climbed 0.58%, the Hang Seng climbed 0.15%, and the ASX 200 climbed 0.66%.
European markets have climbed so far, as better than expected Nonfarm Payrolls data has increased confidence in the global economy and overshadowed a decline in German factory orders. Though bank equities have not had witnessed the best performance after Mario Draghi announce that the stimulus would be delayed, European equities will most like ly continue to do well on the coattails of recovery in both the US and China. Since today is a Friday, we may see activity begin to die down later in the day as the weekend approaches. For now, the Stoxx 50 is up 1.15%, the FTSE 100 is up 0.72%, and the DAX is up 1.19%.
American markets will be closed today for Independence day. Yesterday, however, Nonfarm payrolls data provided a boost to US markets as the report revealed how the US economy created around 288,000 new jobs – far exceeding analysts expectations. This has solidified claims by Federal officials that the US is in recovery. Furthermore, the data provides ammunition for the Federal Reserve should it seek to raise the interest rate at some point. For the next few days, we will probably see bullishness in the US. Yesterday, The Dow closed up 0.54%, the S&P 500 closed up 0.55%, and the Nasdaq is up 0.63%.
Related Posts: