Asian markets were mixed today amid good data from Japan, with the CGPI data coming out better than expected. Furthermore, yesterday’s better than expected Chinese inflation data is still having a bullish effect on some Asian equities. However, it is important to note that many analysts feel that there is not much news that can drive the market higher, so downward movement later this week may be possible. For today, the Nikkei closed up 0.50%, the Hang Seng closed down 0.25%, and the ASX 200 closed down 0.29%.
European markets fell today as larges firms like Lufthansa cut their profit forecasts. furthermore, aircraft maker Airbus lost an order for 70 planes from Emirates Airlines, causing the price of its stock to drop along with the price of other equities. Not surprisingly, this bad private sector news has blunted the positive effect of the ECB’s interest rate decision last week, and as a result Euro indices may fall further. The Stoxx 50 is down 0.77%m the FSTE is down 0.59%, and the DAX is down 0.86%.
American markets are also dealing with downward pressure as amid a report from the World Bank cutting the global growth forecast. Furthermore, the loss of a Virginia House primary by Eric Cantor, a Representative who was considered pro-business, has caused some anxiety on wall street as many feel this could cause more gridlock in Washington DC. Due to all this pessimism, the Dow is down 0.52%, the S&P is down 0.39%, and the Nasdaq is down 0.16%.
June 11, 2014 – Indices News
Asian markets were mixed today amid good data from Japan, with the CGPI data coming out better than expected. Furthermore, yesterday’s better than expected Chinese inflation data is still having a bullish effect on some Asian equities. However, it is important to note that many analysts feel that there is not much news that can drive the market higher, so downward movement later this week may be possible. For today, the Nikkei closed up 0.50%, the Hang Seng closed down 0.25%, and the ASX 200 closed down 0.29%.
European markets fell today as larges firms like Lufthansa cut their profit forecasts. furthermore, aircraft maker Airbus lost an order for 70 planes from Emirates Airlines, causing the price of its stock to drop along with the price of other equities. Not surprisingly, this bad private sector news has blunted the positive effect of the ECB’s interest rate decision last week, and as a result Euro indices may fall further. The Stoxx 50 is down 0.77%m the FSTE is down 0.59%, and the DAX is down 0.86%.
American markets are also dealing with downward pressure as amid a report from the World Bank cutting the global growth forecast. Furthermore, the loss of a Virginia House primary by Eric Cantor, a Representative who was considered pro-business, has caused some anxiety on wall street as many feel this could cause more gridlock in Washington DC. Due to all this pessimism, the Dow is down 0.52%, the S&P is down 0.39%, and the Nasdaq is down 0.16%.
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