Asian markets aside from Japan have climbed today on better than expected performance in the healthcare sector. Japan however, is dealing with a stronger yen that is hurting the income that many of its companies receive through exports. All in all, analysts are noting that equity markets will remain bullish despite bad data from the United States unless economic conditions get “materially worse.” The Nikkei closed down 1.53%, the Hang Seng closed up 0.60%, and the ASX 200 has closed up 0.91%.
European markets have climbed after solid GDP data from the Eurozone and many of its member states. Companies like ThysenKrupp and Banco Popolare SC gained after showing increases in profit and being upgraded by analysts respectively. The Stoxx 50 is up 0.45%, the FTSE is down 0.06%, and the DAX is up 0.46%.
American markets went down after worse than expected industrial production data. However, a lot of this movement has been offset by better than expected Michiganj consumer sentiment data. Furthermore, bad data reduces the chance the Fed will resume tapering, so many investors under-performance as a bullish signal Right now, the Dow is up 0.38%, the S&P is up 0.31%, and the Nasdaq is up 0.09%.
February 14, 2014 – Indices News
Asian markets aside from Japan have climbed today on better than expected performance in the healthcare sector. Japan however, is dealing with a stronger yen that is hurting the income that many of its companies receive through exports. All in all, analysts are noting that equity markets will remain bullish despite bad data from the United States unless economic conditions get “materially worse.” The Nikkei closed down 1.53%, the Hang Seng closed up 0.60%, and the ASX 200 has closed up 0.91%.
European markets have climbed after solid GDP data from the Eurozone and many of its member states. Companies like ThysenKrupp and Banco Popolare SC gained after showing increases in profit and being upgraded by analysts respectively. The Stoxx 50 is up 0.45%, the FTSE is down 0.06%, and the DAX is up 0.46%.
American markets went down after worse than expected industrial production data. However, a lot of this movement has been offset by better than expected Michiganj consumer sentiment data. Furthermore, bad data reduces the chance the Fed will resume tapering, so many investors under-performance as a bullish signal Right now, the Dow is up 0.38%, the S&P is up 0.31%, and the Nasdaq is up 0.09%.
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