Asian markets have declined due to worse than expected Chinese HSBC Manufacturing PMI numbers. The data showed hat manufacturing in China climbed more than expected. Furthermore, investors in Asian assets are also a little worried about the Federal reserve’s decision to taper the stimulus. Many feel the demand for Asian goods will drop if the money supply is tightened in a major market like the United States. The Nikkei closed down 2.45%, the HSI closed down 0.48%, and the ASX 200 closed down 0.78%.
European markets have mostly climbed despite worse than expected Chinese Manufacturing data and post-tapering anxiety. Indices were led upward by Givaudan SA and Ericsson AB. Also, better than expected US GDP data helped boost investor confidence in US markets – an effect whose ripples crossed the pond. The Stoxx 50 closed up 0.26%, the FTSE closed down 0.21%, and the DAX closed up 0.14%.
American Indices are up today due to better than expected earnings reports. Facebook climbed substantially after reporting that most of their revenue came from mobile device users. Blackstone Group and Visa also climbed as well due to better than expected earnings. Right now, the Dow is up 0.60%, the S&P 500 is up 0.82%, and the Nasdaq is up 1.40%.
January 30, 2014 – Indices News
Asian markets have declined due to worse than expected Chinese HSBC Manufacturing PMI numbers. The data showed hat manufacturing in China climbed more than expected. Furthermore, investors in Asian assets are also a little worried about the Federal reserve’s decision to taper the stimulus. Many feel the demand for Asian goods will drop if the money supply is tightened in a major market like the United States. The Nikkei closed down 2.45%, the HSI closed down 0.48%, and the ASX 200 closed down 0.78%.
European markets have mostly climbed despite worse than expected Chinese Manufacturing data and post-tapering anxiety. Indices were led upward by Givaudan SA and Ericsson AB. Also, better than expected US GDP data helped boost investor confidence in US markets – an effect whose ripples crossed the pond. The Stoxx 50 closed up 0.26%, the FTSE closed down 0.21%, and the DAX closed up 0.14%.
American Indices are up today due to better than expected earnings reports. Facebook climbed substantially after reporting that most of their revenue came from mobile device users. Blackstone Group and Visa also climbed as well due to better than expected earnings. Right now, the Dow is up 0.60%, the S&P 500 is up 0.82%, and the Nasdaq is up 1.40%.
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