Asian markets have ended on a mixed note today after rising earlier in the morning. Though electronics companies led an early rally, investors are still worrying about growth prospects in China. Many are expected the Chinese government to step in and enact policy measures designed to bolster growth. However, until that formally happens market participants will be anxious. Furthermore, tension in Southeast Asia between Vietnam and China and in Thailand is still hurting market performance, though not as much as last week. The Nikkei has closed higher 0.07%, and the Hang Seng has closed down 0.30%, and the ASX 200 closed down 0.14%.
European markets are mostly unchanged today after Spanish GDP data met expectations. Any bullishness stemming from that was counteracted by worse than expected US GDP data. Further complicating matters was better than expected Jobless data also from the US. Thus, amid highly mixed data, investors were undecided about the trajectory of European indices and most markets moved very little. The Stoxx 50 closed down 0.05%, the FTSE closed up 0.29%, and the DAX was unchanged.
American markets have gone higher despite mixed data coming from the US today. Investors are not taking bad GDP data to heart as many blame the weather in the early part of the year for most of the trouble. Furthermore, bullish unemployment data has given many a reason to believe the economy is improving, and thus there is reason to focus on the positive side when dealing with equities. The Dow is up 0.30%, the S&P 500 is up 0.48%, and the Nasdaq is up 0.50%.
May 29, 2014 – Indices News
Asian markets have ended on a mixed note today after rising earlier in the morning. Though electronics companies led an early rally, investors are still worrying about growth prospects in China. Many are expected the Chinese government to step in and enact policy measures designed to bolster growth. However, until that formally happens market participants will be anxious. Furthermore, tension in Southeast Asia between Vietnam and China and in Thailand is still hurting market performance, though not as much as last week. The Nikkei has closed higher 0.07%, and the Hang Seng has closed down 0.30%, and the ASX 200 closed down 0.14%.
European markets are mostly unchanged today after Spanish GDP data met expectations. Any bullishness stemming from that was counteracted by worse than expected US GDP data. Further complicating matters was better than expected Jobless data also from the US. Thus, amid highly mixed data, investors were undecided about the trajectory of European indices and most markets moved very little. The Stoxx 50 closed down 0.05%, the FTSE closed up 0.29%, and the DAX was unchanged.
American markets have gone higher despite mixed data coming from the US today. Investors are not taking bad GDP data to heart as many blame the weather in the early part of the year for most of the trouble. Furthermore, bullish unemployment data has given many a reason to believe the economy is improving, and thus there is reason to focus on the positive side when dealing with equities. The Dow is up 0.30%, the S&P 500 is up 0.48%, and the Nasdaq is up 0.50%.
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