Asian markets have gone down today amid tension in the Middle East, which has damped risk appetite for the time being. Investors in Asia are mostly worried about a potential rise in oil prices. Given the region’s dependency on foreign oil, any price shock could be devastating. Though consumer confidence in the US rose yesterday, bearish sentiment was too strong for this information to have any effect. The Nikkei closed down 0.71%, the Hang Seng closed down 0.06%, and the ASX 200 went down 0.57%.
European markets also went down today due to Iraq tension. Further weighing on equities was worse than expected US GDP and Durable goods data, which caused further panic to investors as the American market is important to many European firms. For the long term, Europe may need more solid fundamental data for markets to expand. At the moment, there is a lot of worry in the old world. The Stoxx 50 closed down 0.99%, the FTSE closed down 0.79%, and the DAX closed down 0.71%.
American markets are actually climbing despite a series of pessimistic data coming out this afternoon. The rally was lead by large firms like Monsanto and CBS, which just won a supreme court ruling against an online firm selling its programming without paying licencing fees. Thus, despite weak fundamentals, private sector performance was quite positive. Now, the Dow is up 0.29%, the S&P is up 0.51%, and the Nasdaq is up 0.69%.
June 26, 2014 – Indices News
Asian markets have gone down today amid tension in the Middle East, which has damped risk appetite for the time being. Investors in Asia are mostly worried about a potential rise in oil prices. Given the region’s dependency on foreign oil, any price shock could be devastating. Though consumer confidence in the US rose yesterday, bearish sentiment was too strong for this information to have any effect. The Nikkei closed down 0.71%, the Hang Seng closed down 0.06%, and the ASX 200 went down 0.57%.
European markets also went down today due to Iraq tension. Further weighing on equities was worse than expected US GDP and Durable goods data, which caused further panic to investors as the American market is important to many European firms. For the long term, Europe may need more solid fundamental data for markets to expand. At the moment, there is a lot of worry in the old world. The Stoxx 50 closed down 0.99%, the FTSE closed down 0.79%, and the DAX closed down 0.71%.
American markets are actually climbing despite a series of pessimistic data coming out this afternoon. The rally was lead by large firms like Monsanto and CBS, which just won a supreme court ruling against an online firm selling its programming without paying licencing fees. Thus, despite weak fundamentals, private sector performance was quite positive. Now, the Dow is up 0.29%, the S&P is up 0.51%, and the Nasdaq is up 0.69%.
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