Chinese markets have climbed today to the highest level in 4 months. Most of the bullish sentiment stems from the belief that the Chinese government will act to support the property market. Specifically, China’s central bank told lenders to improve efficiency in their services. Investor optimism was so high that yesterday’s worse than expected retail sales data from the United States was completely ignored. For other Asian markets, however, did not perform so well and were a little more hurt by the bad US data. The Nikkei closed down 0.14%, the Hang Seng closed up 1.03%, and the ASX 200 closed down 0.03%.
European markets have gone down for the most part due to worse than expected Eurozone industrial production data. Also affecting Eurozone markets slightly was worse than expected British unemployment data. However, investors still noted that the number of unemployed in the UK is still decreasing, so the effect was muted. Lastly, poor earnings numbers for some companies also weighed on European indices, moving many markets into decline. The SToxx 50 closed down 0.04%, the FTSE closed up 0.08, and the CAC closed down 0.09%.
American markets are down due to another sell off of equities. This time, many analysts are of the belief that profit taking may be the source of this decline as investors attempt to realize gains from yesterday. Furthermore, worries of a civil war in the Ukraine also worried traders, who sought to minimize their exposure to riskier assets. Not surprisingly, the Dow is down 0.69%, the S&P is down 0.46%, and the Nasdaq is down 0.61%.
May 14, 2014 – Indices News
Chinese markets have climbed today to the highest level in 4 months. Most of the bullish sentiment stems from the belief that the Chinese government will act to support the property market. Specifically, China’s central bank told lenders to improve efficiency in their services. Investor optimism was so high that yesterday’s worse than expected retail sales data from the United States was completely ignored. For other Asian markets, however, did not perform so well and were a little more hurt by the bad US data. The Nikkei closed down 0.14%, the Hang Seng closed up 1.03%, and the ASX 200 closed down 0.03%.
European markets have gone down for the most part due to worse than expected Eurozone industrial production data. Also affecting Eurozone markets slightly was worse than expected British unemployment data. However, investors still noted that the number of unemployed in the UK is still decreasing, so the effect was muted. Lastly, poor earnings numbers for some companies also weighed on European indices, moving many markets into decline. The SToxx 50 closed down 0.04%, the FTSE closed up 0.08, and the CAC closed down 0.09%.
American markets are down due to another sell off of equities. This time, many analysts are of the belief that profit taking may be the source of this decline as investors attempt to realize gains from yesterday. Furthermore, worries of a civil war in the Ukraine also worried traders, who sought to minimize their exposure to riskier assets. Not surprisingly, the Dow is down 0.69%, the S&P is down 0.46%, and the Nasdaq is down 0.61%.
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