Asian markets were quite mixed as consumer goods companies took hits. Companies like Calbee Inc. and Newcrest Mining posted losses as markets began to consolidate after recent rallies. However, there is hope for more bullish activity in the future as the yen’s weak position promises to increase the value of export earnings fro many Japanese firms. Today, the Nikkei closed up 0.28%, the Hnag Seng dropped 0.20%, and the ASX 200 climbed 0.55%.
European markets fell today economies in Southern Europe such as Greece and Portugal weakened. Many investors are pessimistic on European equities at the moment – especially due to the implications of the upcoming referendum in Scotland – which many feel will have a ripple effect across all of Europe. By closing, the Stoxx 50 was down 0.68%, the FTSE was down 0.08%, and the DAX was down 0.49%.
American markets are also down as the threat of higher interest rates forces investors to consider alternative asset classes that may offer higher returns. Note that despite uninspiring labor market data recently, the Fed does not appear to be considering pushing back its plant to raise the interest rate or wind down the stimulus. Thus, indices are behaving bearishly as market participants worry about the lack of response to recent events. The Dow is down 0.39%, the S&P 500 is down 0.35%, and the Nasdaq is down 0.33%.
September 9, 2014 – Indices News
Asian markets were quite mixed as consumer goods companies took hits. Companies like Calbee Inc. and Newcrest Mining posted losses as markets began to consolidate after recent rallies. However, there is hope for more bullish activity in the future as the yen’s weak position promises to increase the value of export earnings fro many Japanese firms. Today, the Nikkei closed up 0.28%, the Hnag Seng dropped 0.20%, and the ASX 200 climbed 0.55%.
European markets fell today economies in Southern Europe such as Greece and Portugal weakened. Many investors are pessimistic on European equities at the moment – especially due to the implications of the upcoming referendum in Scotland – which many feel will have a ripple effect across all of Europe. By closing, the Stoxx 50 was down 0.68%, the FTSE was down 0.08%, and the DAX was down 0.49%.
American markets are also down as the threat of higher interest rates forces investors to consider alternative asset classes that may offer higher returns. Note that despite uninspiring labor market data recently, the Fed does not appear to be considering pushing back its plant to raise the interest rate or wind down the stimulus. Thus, indices are behaving bearishly as market participants worry about the lack of response to recent events. The Dow is down 0.39%, the S&P 500 is down 0.35%, and the Nasdaq is down 0.33%.
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