Asian markets have risen again, posting the longest rally in six weeks as information technology companies lead equities higher. Investors have been emboldened by rumors that China could provide stimulus to prevent a slowdown in growth. However, Japanese markets went down as the sales tax was increased today from 5% to 8%. Australian Markets also took a hit when the interests rate on the AUD was left unchanged at its all time low of 2.5%. All in all, the Nikkei closed down 0.24%, the Hang Seng climbed 1.34%, and the ASX 200 declined 0.1%.
European markets also rose as US manufacturing expanded relative to last month. Though the numbers came out below expectations, investors were more concerned with the fact that economic activity was climbing with the US. Furthermore, Eurozone unemployment data came out better than expected, indicating that the region’s economy may be in recovery as well. The Stoxx 50 closed up 0.78%, the FTSE closed up 0.82%, and the DAX closed up 0.5%.
American markets have also risen due to optimism regarding the newly released US manufacturing data. however, long term prospects for US indices are still a little up for grabs as traders eagerly await this Friday’s Nonfarm payrolls data. Today, the Dow closed up 0.46%, the S&P closed up 0.7%, and the Nasdaq closed up 1.64%.
April 1, 2014 – Indices News
Asian markets have risen again, posting the longest rally in six weeks as information technology companies lead equities higher. Investors have been emboldened by rumors that China could provide stimulus to prevent a slowdown in growth. However, Japanese markets went down as the sales tax was increased today from 5% to 8%. Australian Markets also took a hit when the interests rate on the AUD was left unchanged at its all time low of 2.5%. All in all, the Nikkei closed down 0.24%, the Hang Seng climbed 1.34%, and the ASX 200 declined 0.1%.
European markets also rose as US manufacturing expanded relative to last month. Though the numbers came out below expectations, investors were more concerned with the fact that economic activity was climbing with the US. Furthermore, Eurozone unemployment data came out better than expected, indicating that the region’s economy may be in recovery as well. The Stoxx 50 closed up 0.78%, the FTSE closed up 0.82%, and the DAX closed up 0.5%.
American markets have also risen due to optimism regarding the newly released US manufacturing data. however, long term prospects for US indices are still a little up for grabs as traders eagerly await this Friday’s Nonfarm payrolls data. Today, the Dow closed up 0.46%, the S&P closed up 0.7%, and the Nasdaq closed up 1.64%.
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