Asian markets rose today as investors became more optimistic about the outlook of the US economy. Though recent data was worse than expected, many are predicting that the worst is over and that the US is on the road to recovery. Since the US consumers a large amount of Asian goods, the Strength of the US economy is a significant factor in the performance of Asian equities. Ultimately, Asian indices were driven higher by Chinese IPOs and and Casino stocks. Today, the Nikkei closed up 0.27%, the Hang Seng closed up 1.45%, and the ASX 200 closed up 1.15%.
European markets also advanced to day after a four day decline despite worse than expected US data. However, overall, American consumer spending and jobless numbers were better than previously, so many investors took this information bullishly. Strong performance came from companies like Dialog Semiconductor and AMS, while British property developers were able to reverse previous losses as BoE Governor Carney said banks will have more flexibility to engage in riskier loans than expected. All in all, the Stoxx 50 is up 0.10%, the FTSE is down 0.06%, and the CAC 40 is up 0.11%.
American markets have opened mostly higher as traders are optimistic about the future of the US economy. Today, the primary sources of growth are Alcoa and Nabors Industries. Although unemployment and consumer spending data was worse than forecasted, most of the numbers were better than in previous months so investors were not scared away. At this moment, the Dow is down 0.25%, the S&P is up 0.49%, and the Nasdaq is up 0.69%.
June 26, 2014 – Indices News
Asian markets rose today as investors became more optimistic about the outlook of the US economy. Though recent data was worse than expected, many are predicting that the worst is over and that the US is on the road to recovery. Since the US consumers a large amount of Asian goods, the Strength of the US economy is a significant factor in the performance of Asian equities. Ultimately, Asian indices were driven higher by Chinese IPOs and and Casino stocks. Today, the Nikkei closed up 0.27%, the Hang Seng closed up 1.45%, and the ASX 200 closed up 1.15%.
European markets also advanced to day after a four day decline despite worse than expected US data. However, overall, American consumer spending and jobless numbers were better than previously, so many investors took this information bullishly. Strong performance came from companies like Dialog Semiconductor and AMS, while British property developers were able to reverse previous losses as BoE Governor Carney said banks will have more flexibility to engage in riskier loans than expected. All in all, the Stoxx 50 is up 0.10%, the FTSE is down 0.06%, and the CAC 40 is up 0.11%.
American markets have opened mostly higher as traders are optimistic about the future of the US economy. Today, the primary sources of growth are Alcoa and Nabors Industries. Although unemployment and consumer spending data was worse than forecasted, most of the numbers were better than in previous months so investors were not scared away. At this moment, the Dow is down 0.25%, the S&P is up 0.49%, and the Nasdaq is up 0.69%.
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