Asian markets have rebounded after falling earlier this week. Worries about the political situation in the Crimea and the decision by the Federal reserve to taper the stimulus further originally weighed heavily on equities in the far east. However, today Asian indices retraced a lot of these losses and began to climb again. Note that Japanese markets were closed for a national holiday. All in all, the Hang Seng went up 1.20%, and the ASX 200 went up 0.83%.
European markets a slightly higher as well after recovering from the Fed tapering decision earlier this week. Substantial gains were seen in the natural resources sector as European mining firms capitalized on the upward movement in Asian markets. However, at the moment movement is limited as there is not a lot of data being published that affects markets. The Stoxx 50 is up 0.60%, the FTSE is up 0.37%, and the DAX is up 0.84%.
American markets are climbing based optimism in world markets. Rallies in other parts of the world have helped promote bullish sentiment in the United States. Furthermore, after the Federal Reserve tapering decision and Janet Yellen’s statement, investors are more confident in the US economy than before. As a result, the Dow is up 0.66%, and the S&P is up 0.53%, and the Nasdaq is down 0.14%.
March 21, 2014 – Indices News
Asian markets have rebounded after falling earlier this week. Worries about the political situation in the Crimea and the decision by the Federal reserve to taper the stimulus further originally weighed heavily on equities in the far east. However, today Asian indices retraced a lot of these losses and began to climb again. Note that Japanese markets were closed for a national holiday. All in all, the Hang Seng went up 1.20%, and the ASX 200 went up 0.83%.
European markets a slightly higher as well after recovering from the Fed tapering decision earlier this week. Substantial gains were seen in the natural resources sector as European mining firms capitalized on the upward movement in Asian markets. However, at the moment movement is limited as there is not a lot of data being published that affects markets. The Stoxx 50 is up 0.60%, the FTSE is up 0.37%, and the DAX is up 0.84%.
American markets are climbing based optimism in world markets. Rallies in other parts of the world have helped promote bullish sentiment in the United States. Furthermore, after the Federal Reserve tapering decision and Janet Yellen’s statement, investors are more confident in the US economy than before. As a result, the Dow is up 0.66%, and the S&P is up 0.53%, and the Nasdaq is down 0.14%.
Related Posts: