Today, Asian markets went down intially as airlines took a hit from higher oil prices. Due to the recent success of Al-Qaeda inspired militant groups in conquering large Iraqi cities, fuel prices have skyrocketing on concerns that the flow of oil could be interrupted. Furthermore, yesterday’s worse than expected retail sales and unemployment data from the United States also left investors pessimistic due to the importance of the SU market for Asian manufactured goods. However, towards the end of the session, equities began to recover as Chinese industrial production data met expectations and Chinese Fixed Asset investment rose more than anticipated. In the end, the Nikkei climbed 0.83%, the Hang Seng rose 0.62%, and the ASX 200 fell 0.44%.
European markets are going down today as tension in Iraq scares investors away from riskier assets. There is a lot of concern that western armies may be forced to get involved to prevent militant groups from taking large swaths of land.Furthermore, many UK home-builders dropped after Bank of England Governor Carney pledged to increase the bank’s ability to limit borrowing. Thus, at the movement, the Stoxx 50 is down 026%, the FTSE is down 0.99%, and the DAX is down 0.56%.
American markets are mixed as investors juggle tension over Iraq with positive corporate data. The crisis in Iraq is weighing on the dollar and hurting the appeal of equities. Furthermore, US PPI data was also uninspiring and bearish. However, Intel reported better than expected sales numbers, and consequently many stocks have rallied – offsetting some of the losses from geopolitical tension and other bad data. For now, the Dow is up 0.14%, the S&P is down 0.10%, and the Nasdaq is down 0.14%.
June 13, 2014 – Indices News
Today, Asian markets went down intially as airlines took a hit from higher oil prices. Due to the recent success of Al-Qaeda inspired militant groups in conquering large Iraqi cities, fuel prices have skyrocketing on concerns that the flow of oil could be interrupted. Furthermore, yesterday’s worse than expected retail sales and unemployment data from the United States also left investors pessimistic due to the importance of the SU market for Asian manufactured goods. However, towards the end of the session, equities began to recover as Chinese industrial production data met expectations and Chinese Fixed Asset investment rose more than anticipated. In the end, the Nikkei climbed 0.83%, the Hang Seng rose 0.62%, and the ASX 200 fell 0.44%.
European markets are going down today as tension in Iraq scares investors away from riskier assets. There is a lot of concern that western armies may be forced to get involved to prevent militant groups from taking large swaths of land.Furthermore, many UK home-builders dropped after Bank of England Governor Carney pledged to increase the bank’s ability to limit borrowing. Thus, at the movement, the Stoxx 50 is down 026%, the FTSE is down 0.99%, and the DAX is down 0.56%.
American markets are mixed as investors juggle tension over Iraq with positive corporate data. The crisis in Iraq is weighing on the dollar and hurting the appeal of equities. Furthermore, US PPI data was also uninspiring and bearish. However, Intel reported better than expected sales numbers, and consequently many stocks have rallied – offsetting some of the losses from geopolitical tension and other bad data. For now, the Dow is up 0.14%, the S&P is down 0.10%, and the Nasdaq is down 0.14%.
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