Asian markets are down today as equities retraced some of their gains from earlier this week. Large firms like Boart Longyear and Softbank slid, dragging other equities with them. However, there is no data showing weakness in Asian economies, so today’s drop may only be temporary. The Nikkei closed down 0.59%, the Hang Seng closed down 0.37%, and the ASX 200 closed up 0.05%.
European markets climbed for a second day as the financial sector continues its rally. Bank stocks have been doing week in Europe recently due to expectations that the European Central Bank may start a quantitative easing program. Though US data Durable goods orders data was worse than expected, bearish sentiment from this information was not enough to counteract the aforementioned optimism. The Stoxx 50 closed higher 1.01%, the FTSE closed up 0.70%, and the DAX went up 0.82%.
American markets have been climbing after the S&P 500 broke 2,000 yesterday. Furthermore, better than expected consumer confidence data and and increase in durable goods orders from last month have also helped US equities move higher. For now, the Dow is up 0.33%, the S&P 500 is up 0.31%, and the Nasdaq is up 0.26%.
August 26, 2014 – Indices News
Asian markets are down today as equities retraced some of their gains from earlier this week. Large firms like Boart Longyear and Softbank slid, dragging other equities with them. However, there is no data showing weakness in Asian economies, so today’s drop may only be temporary. The Nikkei closed down 0.59%, the Hang Seng closed down 0.37%, and the ASX 200 closed up 0.05%.
European markets climbed for a second day as the financial sector continues its rally. Bank stocks have been doing week in Europe recently due to expectations that the European Central Bank may start a quantitative easing program. Though US data Durable goods orders data was worse than expected, bearish sentiment from this information was not enough to counteract the aforementioned optimism. The Stoxx 50 closed higher 1.01%, the FTSE closed up 0.70%, and the DAX went up 0.82%.
American markets have been climbing after the S&P 500 broke 2,000 yesterday. Furthermore, better than expected consumer confidence data and and increase in durable goods orders from last month have also helped US equities move higher. For now, the Dow is up 0.33%, the S&P 500 is up 0.31%, and the Nasdaq is up 0.26%.
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