Asian markets are down today despite rising yesterday. There are two main reasons for this: Firstly, US manufacturing data came out worse than expected yesterday. Consequently, investors are more pessimistic about Asian firms due to their reliance on the US market as a driver for growth. Second of all, the US and the EU have threatened to increase sanctions on Russia over its actions in the Crimea, which is causing anxiety in markets all over the world. Not surprisingly, the Nikkei closed down 0.36%, the Hang Seng closed down 0.52%, and the ASX 200 closed down 0.19%.
European markets have risen following their biggest drop in two weeks. Though the prospect of increased sanctions on Russia has some investors worried, many were generally optimistic after the CB consumer confidence report from America came out better than expected. Should the US continue to post good data, markets across the pond will also rise due to the level of inter-dependency between the two regions. The Stoxx 50 has closed up 1.43%, the FTSE closed up 1.30%, and the DAX closed up 1.63%.
American markets have been fluctuating today as data in the US was mixed. Though consumer confidence rose, new home sales declined in absolute terms, so investors have been having a difficult time assessing the strength of the US economy in the short term. Thus, indices right now are mixed, with the Dow up 0.59%, the S&P up 0.26%, and the Nasdaq is down 0.06%.
March 25, 2014 – Indices News
Asian markets are down today despite rising yesterday. There are two main reasons for this: Firstly, US manufacturing data came out worse than expected yesterday. Consequently, investors are more pessimistic about Asian firms due to their reliance on the US market as a driver for growth. Second of all, the US and the EU have threatened to increase sanctions on Russia over its actions in the Crimea, which is causing anxiety in markets all over the world. Not surprisingly, the Nikkei closed down 0.36%, the Hang Seng closed down 0.52%, and the ASX 200 closed down 0.19%.
European markets have risen following their biggest drop in two weeks. Though the prospect of increased sanctions on Russia has some investors worried, many were generally optimistic after the CB consumer confidence report from America came out better than expected. Should the US continue to post good data, markets across the pond will also rise due to the level of inter-dependency between the two regions. The Stoxx 50 has closed up 1.43%, the FTSE closed up 1.30%, and the DAX closed up 1.63%.
American markets have been fluctuating today as data in the US was mixed. Though consumer confidence rose, new home sales declined in absolute terms, so investors have been having a difficult time assessing the strength of the US economy in the short term. Thus, indices right now are mixed, with the Dow up 0.59%, the S&P up 0.26%, and the Nasdaq is down 0.06%.
Related Posts: