Asian markets are mostly up after stellar performance in the United States yesterday. Furthermore, better than expected earnings from Asian firms have also pushed up Asian Indices. Lastly, the resolution of the currency crisis in emerging markets has increased investor optimism and after a few days of downward movement. Today, the Nikkei closed up 1.27%.
European markets continued to climb today – albeit slightly – as Swatch reported better than expected earnings. Adding to this was better than expected US ISM Non-manufacturing data from the US which showed an expansion of the service sector. Though US employment data was worse than expected earlier, the better service sector seems to have mitigated any investor anxiety about a weakening recovery in one of Europe’s largest export markets. The Stoxx 50 closed up 0.00%, the FTSE closed up 0.13%, and the CAC 40 closed up 0.01%.
American Indices have fluctuated today as investor grapple with contradicting pieces of data. Earlier today, the ADP Nonfarm Employment report came out worse than expected – casting doubt on job growth within the US and the strength of the recovery. More recently, better than expected ISM Non-Manufacturing data showed that the services sector has expanded a a promising rate. In light of this uncertainty, the Dow is down 0.02%, the S&P is down 0.23%, and the Nasdaq is down 0.44%.
February 5, 2014 – Indices News
Asian markets are mostly up after stellar performance in the United States yesterday. Furthermore, better than expected earnings from Asian firms have also pushed up Asian Indices. Lastly, the resolution of the currency crisis in emerging markets has increased investor optimism and after a few days of downward movement. Today, the Nikkei closed up 1.27%.
European markets continued to climb today – albeit slightly – as Swatch reported better than expected earnings. Adding to this was better than expected US ISM Non-manufacturing data from the US which showed an expansion of the service sector. Though US employment data was worse than expected earlier, the better service sector seems to have mitigated any investor anxiety about a weakening recovery in one of Europe’s largest export markets. The Stoxx 50 closed up 0.00%, the FTSE closed up 0.13%, and the CAC 40 closed up 0.01%.
American Indices have fluctuated today as investor grapple with contradicting pieces of data. Earlier today, the ADP Nonfarm Employment report came out worse than expected – casting doubt on job growth within the US and the strength of the recovery. More recently, better than expected ISM Non-Manufacturing data showed that the services sector has expanded a a promising rate. In light of this uncertainty, the Dow is down 0.02%, the S&P is down 0.23%, and the Nasdaq is down 0.44%.
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