Asian indices have climbed after Chinese GDP data showed the lowest increase in nearly 18 months. However, the number itself was not that bad: China’s GDP grew 7.4% in the first quarter, slightly better than economists had expected. Thus, investors were not as worried about a possible slowdown in China, and equities behaved a little more bullishly. Further bullish activity came from telecommunications sector, as phone companies advanced. It is also still possible that the Chinese government may provide stimulus in order to further assuage fears of slowing growth, something which could prop up markets in the future. The Nikkei closed up 3.01%, the Hang Seng closed up 0.11%, and the ASX 200 closed up 0.60%.
European markets also climbed today after Tesco, one of Britain’s largest retailers, rallied after better than expected earnings data. Also helping European equities upward was better than expected Industrial production data from the US, which revived investor confidence in one of Europe’s largest export markets. Though the tension in Eastern Europe remains, most of the good news from China and the US overshadowed any anxiety felt on the part of investors concerning the Ukrainian situation. The Stoxx 50 closed up 1.54%, the FTSE closed up 0.65%, and the DAX closed up 1.57%.
US markets are climbing today for a few reasons. Firstly, industrial production was stronger – indicating that the manufacturing sector may be recovering. Secondly, Yahoo reported better than expected earnings, bringing optimism into markets. Thirdly, Federal reserve Chairwoman Janet yellen said that the Fed was committed to supporting the recovery. This statement eased investor anxiety about the Fed’s tapering plans and has further boosted bullish sentiment. Right now, the Dow is up 0.74%, the S&P 500 is up 0.62%, and the Nasdaq is up 0.68%.
April 16, 2014 – Indices News
Asian indices have climbed after Chinese GDP data showed the lowest increase in nearly 18 months. However, the number itself was not that bad: China’s GDP grew 7.4% in the first quarter, slightly better than economists had expected. Thus, investors were not as worried about a possible slowdown in China, and equities behaved a little more bullishly. Further bullish activity came from telecommunications sector, as phone companies advanced. It is also still possible that the Chinese government may provide stimulus in order to further assuage fears of slowing growth, something which could prop up markets in the future. The Nikkei closed up 3.01%, the Hang Seng closed up 0.11%, and the ASX 200 closed up 0.60%.
European markets also climbed today after Tesco, one of Britain’s largest retailers, rallied after better than expected earnings data. Also helping European equities upward was better than expected Industrial production data from the US, which revived investor confidence in one of Europe’s largest export markets. Though the tension in Eastern Europe remains, most of the good news from China and the US overshadowed any anxiety felt on the part of investors concerning the Ukrainian situation. The Stoxx 50 closed up 1.54%, the FTSE closed up 0.65%, and the DAX closed up 1.57%.
US markets are climbing today for a few reasons. Firstly, industrial production was stronger – indicating that the manufacturing sector may be recovering. Secondly, Yahoo reported better than expected earnings, bringing optimism into markets. Thirdly, Federal reserve Chairwoman Janet yellen said that the Fed was committed to supporting the recovery. This statement eased investor anxiety about the Fed’s tapering plans and has further boosted bullish sentiment. Right now, the Dow is up 0.74%, the S&P 500 is up 0.62%, and the Nasdaq is up 0.68%.
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