Asian stocks have generally moved higher as investors processed last weeks FOMC meeting minutes and weighed corporate earnings. Given the general optimistic outlook of the US economy, Asian equities are facing upward pressure due to the importance of the US market for many of these firms. Japanese markets have been particularly blessed, as the weak yen has increased the value of foreign currency income generated by many of the island-nations’s large exporters. By closing, the Nikkei rose 0.48%, the Hang Seng climbed 0.22%, and the ASX 200 sunk 0.19%.
European Markets have also climbed mostly due in part to the Fed’s direction vis-a-vis monetary policy. However, European equities are also receiving a significant boost from European Central Bank head Mario Draghi’s recent speech in which he signaled readiness for more stimulus to combat deflation and prop up the eurozone economy. Not surprisingly,bank stocks were the biggest beneficiaries of this sentiment. However, continental market as a whole closed higher, with the Stoxx 50 ending higher by 1.98%, the CAC 40 ending higher by 1.97%, and the DAX ending higher by 1.67%.
American markets are currently climbing as bullish sentiment form the Fed last week emboldens investors. Additional boosts have come from expectations of renewed stimulus in Europe and the possible takeovers of Tim Horton’s by Burger King and of InterMune Inc. by Roche. All this activity and information has lead to a rally in the S&P – pushing it above 2,000 for the first time in history. Thus, for now the S&P is up 0.63%, the Dow is up 0.68%, and the Nasdaq is up 0.62%.
August 25, 2014 – Indices News
Asian stocks have generally moved higher as investors processed last weeks FOMC meeting minutes and weighed corporate earnings. Given the general optimistic outlook of the US economy, Asian equities are facing upward pressure due to the importance of the US market for many of these firms. Japanese markets have been particularly blessed, as the weak yen has increased the value of foreign currency income generated by many of the island-nations’s large exporters. By closing, the Nikkei rose 0.48%, the Hang Seng climbed 0.22%, and the ASX 200 sunk 0.19%.
European Markets have also climbed mostly due in part to the Fed’s direction vis-a-vis monetary policy. However, European equities are also receiving a significant boost from European Central Bank head Mario Draghi’s recent speech in which he signaled readiness for more stimulus to combat deflation and prop up the eurozone economy. Not surprisingly,bank stocks were the biggest beneficiaries of this sentiment. However, continental market as a whole closed higher, with the Stoxx 50 ending higher by 1.98%, the CAC 40 ending higher by 1.97%, and the DAX ending higher by 1.67%.
American markets are currently climbing as bullish sentiment form the Fed last week emboldens investors. Additional boosts have come from expectations of renewed stimulus in Europe and the possible takeovers of Tim Horton’s by Burger King and of InterMune Inc. by Roche. All this activity and information has lead to a rally in the S&P – pushing it above 2,000 for the first time in history. Thus, for now the S&P is up 0.63%, the Dow is up 0.68%, and the Nasdaq is up 0.62%.
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