Asian markets have climbed today after US Manufacturing data yesterday showed an expansion in the sector – renewing investor confidence in the world’s largest economy. Since the US is a large consumer of Asian goods, Asian equities rose. Furthermore, Fed Chairwoman Janet Yellen’s comments about the necessity of keeping the stimulus also helped markets move upward. Not surprisingly, the Nikkei climbed 1.04%, the Hang Seng climbed 0.34%, and the ASX 200 rose 0.26%.
European markets also rose today, ignoring worse than expected GDP data from the Eurozone. The prime impetus for this movement was decent US ADP Nonfarm Payrolls data – which, although was worse than expected, showed an improvement from last months numbers. Due to the intertwined nature of the economies of Europe and the United States, recovery in America bodes well for Europe. The Stoxx 50 closed up 0.03%, the FTSE closed up 0.10%, and the DAX closed up 0.2%.
American markets went up slightly as US employment data was received positively. US indices are currently floating around their all time highs, and due to market fatigue they are unlikely to rise further in the short term. However, in the long term, equities may continue to rise as there is not enough growth fro the Fed to justify ending the stimulus immediately and there is not enough evidence to claim the US is still in a recession. The Dow is up 0.29%, the S&P is up 0.32%, and the Nasdaq is up 0.14%.
April 2, 2014 – Indices News
Asian markets have climbed today after US Manufacturing data yesterday showed an expansion in the sector – renewing investor confidence in the world’s largest economy. Since the US is a large consumer of Asian goods, Asian equities rose. Furthermore, Fed Chairwoman Janet Yellen’s comments about the necessity of keeping the stimulus also helped markets move upward. Not surprisingly, the Nikkei climbed 1.04%, the Hang Seng climbed 0.34%, and the ASX 200 rose 0.26%.
European markets also rose today, ignoring worse than expected GDP data from the Eurozone. The prime impetus for this movement was decent US ADP Nonfarm Payrolls data – which, although was worse than expected, showed an improvement from last months numbers. Due to the intertwined nature of the economies of Europe and the United States, recovery in America bodes well for Europe. The Stoxx 50 closed up 0.03%, the FTSE closed up 0.10%, and the DAX closed up 0.2%.
American markets went up slightly as US employment data was received positively. US indices are currently floating around their all time highs, and due to market fatigue they are unlikely to rise further in the short term. However, in the long term, equities may continue to rise as there is not enough growth fro the Fed to justify ending the stimulus immediately and there is not enough evidence to claim the US is still in a recession. The Dow is up 0.29%, the S&P is up 0.32%, and the Nasdaq is up 0.14%.
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