Asian markets rose today after falling earlier due to continued tension between the EU and Russia over the situation in the Crimea. However, long term prospects for Asian markets are not clear. Tomorrow, Chinese Manufacturing data will be published and if it turns out worse than expected, investors could become more pessimistic about Asia. Today, the Nikkei closed up 0.90%, the Hang Seng closed up 0.39%, and the ASX 200 went up 0.52%.
European markets initially advanced after better than expected German retail sales data. However, European CPI data and worse than expected Chicago PMI data from the US dented investor confidence in Europe’s export prospects and brought back fears of deflation within the Eurozone. Thus, today the Stoxx 50 closed down 0.16%, the FTSE closed down 0.27%, and the DAX closed down 0.19%.
American markets climbed as Yellen backtracked slightly on her statements earlier this month. She noted that the considerable “slack” in labor market required further commitment from the Federal Reserve – indicating that the Fed may not be in too much of a rush to finish tapering or raise interests rates. Consequently, investors became a little less anxious about market performance and equities were able to appreciate. The Dow is up 0.60%, the S&P is up 0.59%, and the Nasdaq is up 0.93%.
March 31, 2014 – Indices News
Asian markets rose today after falling earlier due to continued tension between the EU and Russia over the situation in the Crimea. However, long term prospects for Asian markets are not clear. Tomorrow, Chinese Manufacturing data will be published and if it turns out worse than expected, investors could become more pessimistic about Asia. Today, the Nikkei closed up 0.90%, the Hang Seng closed up 0.39%, and the ASX 200 went up 0.52%.
European markets initially advanced after better than expected German retail sales data. However, European CPI data and worse than expected Chicago PMI data from the US dented investor confidence in Europe’s export prospects and brought back fears of deflation within the Eurozone. Thus, today the Stoxx 50 closed down 0.16%, the FTSE closed down 0.27%, and the DAX closed down 0.19%.
American markets climbed as Yellen backtracked slightly on her statements earlier this month. She noted that the considerable “slack” in labor market required further commitment from the Federal Reserve – indicating that the Fed may not be in too much of a rush to finish tapering or raise interests rates. Consequently, investors became a little less anxious about market performance and equities were able to appreciate. The Dow is up 0.60%, the S&P is up 0.59%, and the Nasdaq is up 0.93%.
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