Asian markets are climbing again after better than expected industrial production data from the United States came out. Given America’s importance as a major consumer of Asian goods, any improvement in the US economy is seen as as a potential boon to companies in the far east. Though worries about the risk of corporate defaults in China remains a worry, the absence of further escalation in the Crimea and a recovering US economy has caused investors to shrug off more pessimistic data. At the end of the Asian session, the Nikkei was up 0.94%, the Hang Seng climbed 0.51%, and the ASX 200 rose 0.51%.
European markets rose today following a possible de-escalation of the situation in the Crimea. Russian President Vladamir Putin stated today that he had no desire to further split apart the Ukraine – a statement many took to mean that Russia’s adventures in Ukraine are coming to an end . Thus investors were significantly less anxious and began to buying European assets again. Note that better than expected building permits data from the US came out during the European session, and this also added to the relative optimism in European markets. Consequently, the Stoxx 50 climbed 0.81%, the FTSE climbed 0.56%, and the DAX is up 0.67%.
American markets are also bullish at the moment due to similar circumstances. Better than expected building permits data has supported the Fed’s opinion that previous bad data was mostly the result of unusually cold weather, and that the US economy is in recovery. Putin’s comments have reassured investors who were worried about the possibility of conflict between the west and Russia. As there is no further data coming out for the US today, continued optimism will be predicated upon tension in the Crimea staying lower. In the meantime, the Dow is up 0.66%, the S&P is up 0.68%, and the Nasdaq is up 1.04%.
March 18, 2014 – Indices News
Asian markets are climbing again after better than expected industrial production data from the United States came out. Given America’s importance as a major consumer of Asian goods, any improvement in the US economy is seen as as a potential boon to companies in the far east. Though worries about the risk of corporate defaults in China remains a worry, the absence of further escalation in the Crimea and a recovering US economy has caused investors to shrug off more pessimistic data. At the end of the Asian session, the Nikkei was up 0.94%, the Hang Seng climbed 0.51%, and the ASX 200 rose 0.51%.
European markets rose today following a possible de-escalation of the situation in the Crimea. Russian President Vladamir Putin stated today that he had no desire to further split apart the Ukraine – a statement many took to mean that Russia’s adventures in Ukraine are coming to an end . Thus investors were significantly less anxious and began to buying European assets again. Note that better than expected building permits data from the US came out during the European session, and this also added to the relative optimism in European markets. Consequently, the Stoxx 50 climbed 0.81%, the FTSE climbed 0.56%, and the DAX is up 0.67%.
American markets are also bullish at the moment due to similar circumstances. Better than expected building permits data has supported the Fed’s opinion that previous bad data was mostly the result of unusually cold weather, and that the US economy is in recovery. Putin’s comments have reassured investors who were worried about the possibility of conflict between the west and Russia. As there is no further data coming out for the US today, continued optimism will be predicated upon tension in the Crimea staying lower. In the meantime, the Dow is up 0.66%, the S&P is up 0.68%, and the Nasdaq is up 1.04%.
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