Asian markets have been mixed today after posting record gains earlier this week. Leading the downside were tech stocks, with giants like Samsung and Nintendo falling 3.7% and 6.5% respectively due to worse than expected sales and income. Further encumbering Asian indices has been anxiety over a potential interest rate increase by the US Federal reserve and possible geopolitical flare ups. However, optimism came yesterday in the form of better than expected US GDP data – which many believe will promote demand for Asian goods. Today, the Nikkei closed down 0.16% the Hang Seng closed up 0.1%, and the ASX 200 ended 0.18% higher.
European markets are performing poorly at this moment amid mixed CPI data for the Eurozone. Further keeping European equities down has been worse than expected data from Adidas and fallout from sanctions with Russia due the ongoing conflict in the Ukraine. For now, we may see Eurozone markets continue downward as investors process all this bearish data. Should tomorrow’s NFP report be bullish, equities may turn around. The Stoxx 30 is down 1.33%, the FTSE is down 0.31%, and the DAX is down 1.51%.
US markets are down due to poor performance from Whole Foods and Exxon Mobile – which has made investors a little more pessimistic about the private sector. In addition, the Argentinian government has missed a debt payment, causing investors to worry about the economic health of one of Latin America’s largest economies. Thus, American indices are under a lot of downward pressure due to a variety of factors, and barring bullish data tomorrow we may see equities continue their slump until the weekend. The Dow is down 0.90%, the S&P is down 1.01%, and the Nasdaq is down 1.27%.
Asian markets have been mixed today after posting record gains earlier this week. Leading the downside were tech stocks, with giants like Samsung and Nintendo falling 3.7% and 6.5% respectively due to worse than expected sales and income. Further encumbering Asian indices has been anxiety over a potential interest rate increase by the US Federal reserve and possible geopolitical flare ups. However, optimism came yesterday in the form of better than expected US GDP data – which many believe will promote demand for Asian goods. Today, the Nikkei closed down 0.16% the Hang Seng closed up 0.1%, and the ASX 200 ended 0.18% higher.
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