Asian markets have dropped after experiencing 6 previous days of expansion. The main cause of decline in indices today is due to profit taking. Equity markets across the globe gained after worse than expected Nonfarm Payrolls Data in America and Janet Yellen’s unexpectedly dovish sentiments. Now, many investors want to cash out. The Nikkei closed down 1.79%, the HSI closed down 0.54%, and the ASX 200 closed down 0.04%.
European markets are also going down as the rally in equities seems to be coming to an end. Profit taking is also an issue here, but the main cause seems to be worse than expected corporate earnings from companies such as Rolls Royce and BNP Paribas. At the moment, the Stoxx 50 is down 0.69%, the FTSE is down 0.83%, and the DAX is down 0.17%.
American markets are going down due to worse than expected data coming from the United States. Core Retails sales was unchanged from last month though analysts were forecasting a 0.1% growth while Initial Jobless Claims were 9,000 higher than expected. Not surprisingly, the Dow is down 0.10%, the S&P is down 0.25%, and the Nasdaq is down 0.08%.
February 13, 2014 – Indices News
Asian markets have dropped after experiencing 6 previous days of expansion. The main cause of decline in indices today is due to profit taking. Equity markets across the globe gained after worse than expected Nonfarm Payrolls Data in America and Janet Yellen’s unexpectedly dovish sentiments. Now, many investors want to cash out. The Nikkei closed down 1.79%, the HSI closed down 0.54%, and the ASX 200 closed down 0.04%.
European markets are also going down as the rally in equities seems to be coming to an end. Profit taking is also an issue here, but the main cause seems to be worse than expected corporate earnings from companies such as Rolls Royce and BNP Paribas. At the moment, the Stoxx 50 is down 0.69%, the FTSE is down 0.83%, and the DAX is down 0.17%.
American markets are going down due to worse than expected data coming from the United States. Core Retails sales was unchanged from last month though analysts were forecasting a 0.1% growth while Initial Jobless Claims were 9,000 higher than expected. Not surprisingly, the Dow is down 0.10%, the S&P is down 0.25%, and the Nasdaq is down 0.08%.
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