Asian markets rose early in the session despite worse than expected US today yesterday. The main impetus for this climb was anticipation about today’s Nonfarm Payrolls report – which many investors thought would be better than expected. Thus, in light of the Chinese government’s plan to revitalize the economy and possible signs of recovery in America, market participants started extremely bullish on Asian equities. However, this behavior did not last, and before closing Asian indices underwent a slight correction, retracing some of the gains of their multi-day rally. The Nikkei closed down 0.05%, the Hang Seng closed down 0.24%, and the ASX 200 closed up 0.24%.
European markets rose despite worse than expected Nonfarm Payrolls data. Though analysts had predicted the creation of 200,000 jobs this past month, only 192,000 were actually created. However, this result was better than last months report, which showed a gain of only 175,000 jobs. Thus, investors took the news as somewhat bullish and equities rose. The Stoxx 50 has closed up 0.87%, the FTSE 100 has closed up 0.72%, and the DAX has closed up 0.81%.
American markets have risen tremendously due to the results of the NFP with the Dow erased its loss for 2014. Though the data was not as promising as anticipated, the numbers were within reason for analysts and investors were reassured that the US is not remaining mired in crises. However, the long term implications of this report are not quite clear yet. The data may not be strong enough to get the Fed to consider raising the interest rates earlier, though they will probably continue to taper the stimulus as planned. So far, the Dow is up 0.23%, the S&P is up 0.43%, and the Nasdaq is down 0.04%.
April 4, 2014 – Indices News
Asian markets rose early in the session despite worse than expected US today yesterday. The main impetus for this climb was anticipation about today’s Nonfarm Payrolls report – which many investors thought would be better than expected. Thus, in light of the Chinese government’s plan to revitalize the economy and possible signs of recovery in America, market participants started extremely bullish on Asian equities. However, this behavior did not last, and before closing Asian indices underwent a slight correction, retracing some of the gains of their multi-day rally. The Nikkei closed down 0.05%, the Hang Seng closed down 0.24%, and the ASX 200 closed up 0.24%.
European markets rose despite worse than expected Nonfarm Payrolls data. Though analysts had predicted the creation of 200,000 jobs this past month, only 192,000 were actually created. However, this result was better than last months report, which showed a gain of only 175,000 jobs. Thus, investors took the news as somewhat bullish and equities rose. The Stoxx 50 has closed up 0.87%, the FTSE 100 has closed up 0.72%, and the DAX has closed up 0.81%.
American markets have risen tremendously due to the results of the NFP with the Dow erased its loss for 2014. Though the data was not as promising as anticipated, the numbers were within reason for analysts and investors were reassured that the US is not remaining mired in crises. However, the long term implications of this report are not quite clear yet. The data may not be strong enough to get the Fed to consider raising the interest rates earlier, though they will probably continue to taper the stimulus as planned. So far, the Dow is up 0.23%, the S&P is up 0.43%, and the Nasdaq is down 0.04%.
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