Asian markets have climbed as a result of better than expected US manufacturing data. Companies like Li & Fung, which do extensive business in America, posted significant gains today. Though there was minimal data from Asia itself, many feel that the US is the engine of growth and consequently optimism in America will inspire bullish sentiment across the world. Not surprisingly, the Nikkei closed up 0.87%, the Hang Seng closed up 0.05%, the ASX 200 closed up 0.23%.
European markets were mostly unchanged today as investors awaited US housing data. Even after US New Home Sales data came out better than expected, European indices were mostly mixed. Thus, investors were undecided about the direction of European markets due to a combination of worse than expected data from Germany and good data from America. Thus, the Stoxx 50 is up 0.14%, the FTSE is down 0.17%, and the DAX is up 0.08%.
American markets have risen thanks to better than expected US housing data. Furthermore, equities are receiving a boost as a result of dovish statements by the Federal reserve. In the FOMC meeting minutes, officials noted that the stimulus would not increase the risk of inflation. Consequently, the Dow is up 0.29%, the S&P is up 0.31%, and the Nasdaq is up 0.27%.
May 23, 2914 – Indices news
Asian markets have climbed as a result of better than expected US manufacturing data. Companies like Li & Fung, which do extensive business in America, posted significant gains today. Though there was minimal data from Asia itself, many feel that the US is the engine of growth and consequently optimism in America will inspire bullish sentiment across the world. Not surprisingly, the Nikkei closed up 0.87%, the Hang Seng closed up 0.05%, the ASX 200 closed up 0.23%.
European markets were mostly unchanged today as investors awaited US housing data. Even after US New Home Sales data came out better than expected, European indices were mostly mixed. Thus, investors were undecided about the direction of European markets due to a combination of worse than expected data from Germany and good data from America. Thus, the Stoxx 50 is up 0.14%, the FTSE is down 0.17%, and the DAX is up 0.08%.
American markets have risen thanks to better than expected US housing data. Furthermore, equities are receiving a boost as a result of dovish statements by the Federal reserve. In the FOMC meeting minutes, officials noted that the stimulus would not increase the risk of inflation. Consequently, the Dow is up 0.29%, the S&P is up 0.31%, and the Nasdaq is up 0.27%.
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