Asian markets went up earlier today after better than expected initial jobless claims data coming from the United States. Good data from one of the largest export markets for Asian firms has made investors optimistic. Furthermore, the Reserve Bank of Australia increased its economic growth forecasts, further adding to bullish sentiment in the pacific rim. The Nikkei closed up 2.17%, the Hang Seng closed up 1.00%, and the ASX 200 closed up 0.68%.
European Markets are also climbing despite worse than expected Nonfarm Payrolls Data from America. Better than expected Unemployment rate data from the US has propelled European Indices upward along with good earnings data from steel-maker ArcelorMittal. Right now, the Stoxx 50 is up 0.58%, the FTSE is up 0.22%, and the DAX is up 0.29%.
American Markets are also going up despite bad results from the Nonfarm Payrolls report. Again, better than expected Labor Force Participation and Unemployment data has kept US Indices moving higher as investors attribute the cause of the bad payrolls numbers to be from the unusually cold weather that the US has had to deal with since late December. At this moment, the Dow is up 0.11%, the S&P is up 0.41%, and the Nasdaq is up 0.55%.
February 7, 2014 – Indices News
Asian markets went up earlier today after better than expected initial jobless claims data coming from the United States. Good data from one of the largest export markets for Asian firms has made investors optimistic. Furthermore, the Reserve Bank of Australia increased its economic growth forecasts, further adding to bullish sentiment in the pacific rim. The Nikkei closed up 2.17%, the Hang Seng closed up 1.00%, and the ASX 200 closed up 0.68%.
European Markets are also climbing despite worse than expected Nonfarm Payrolls Data from America. Better than expected Unemployment rate data from the US has propelled European Indices upward along with good earnings data from steel-maker ArcelorMittal. Right now, the Stoxx 50 is up 0.58%, the FTSE is up 0.22%, and the DAX is up 0.29%.
American Markets are also going up despite bad results from the Nonfarm Payrolls report. Again, better than expected Labor Force Participation and Unemployment data has kept US Indices moving higher as investors attribute the cause of the bad payrolls numbers to be from the unusually cold weather that the US has had to deal with since late December. At this moment, the Dow is up 0.11%, the S&P is up 0.41%, and the Nasdaq is up 0.55%.
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