Asian markets were mixed today, with Chinese equities rising after the the Chinese Central Bank increased its sue of stimulus to address anemic growth in the Middle Kingdom. Japanese markets did not perform as well, with companies like Pioneer announcing job cuts. In addition, Australian stocks were still down as recent bullishness in China has yet to translate into gains for raw materials producers. Today, the Nikkei closed down 0.14%, the Hang Seng ended higher 1.00%, and the ASX 200 went down 0.7%.
European markets climbed a little today – ending an 8 day losing streak right before the release of the FOMC interest rate decision. Though investors are still unsure how the Fed will act, many are bullish on equities due to the ECB and the Chinese Central Bank’s decisions to support their respective markets with stimulus funds. however, there are still some reasons to be a little bearish, Scottish independence is now a real possibility, and suite an even could have reverberations throughout Europe. At closing, the Stoxx 50 was up 0.54%, the FTSE was down 0.06%, and the DAX was up 0.44%.
American markets are climbing for the most part as many investors are expecting the fed to be a little less hawkish. In addition, US trade balance data was also better than expected. Due note that this trajectory is by no means guaranteed, as the FOMC Statement coming out later today will be the primary source of movement for US equities. For now, however, the Dow is up 0.12%, the S&P is up 0.12%, and the Nasdaq is up 0.13%.
September 17, 2014 – Indices News
Asian markets were mixed today, with Chinese equities rising after the the Chinese Central Bank increased its sue of stimulus to address anemic growth in the Middle Kingdom. Japanese markets did not perform as well, with companies like Pioneer announcing job cuts. In addition, Australian stocks were still down as recent bullishness in China has yet to translate into gains for raw materials producers. Today, the Nikkei closed down 0.14%, the Hang Seng ended higher 1.00%, and the ASX 200 went down 0.7%.
European markets climbed a little today – ending an 8 day losing streak right before the release of the FOMC interest rate decision. Though investors are still unsure how the Fed will act, many are bullish on equities due to the ECB and the Chinese Central Bank’s decisions to support their respective markets with stimulus funds. however, there are still some reasons to be a little bearish, Scottish independence is now a real possibility, and suite an even could have reverberations throughout Europe. At closing, the Stoxx 50 was up 0.54%, the FTSE was down 0.06%, and the DAX was up 0.44%.
American markets are climbing for the most part as many investors are expecting the fed to be a little less hawkish. In addition, US trade balance data was also better than expected. Due note that this trajectory is by no means guaranteed, as the FOMC Statement coming out later today will be the primary source of movement for US equities. For now, however, the Dow is up 0.12%, the S&P is up 0.12%, and the Nasdaq is up 0.13%.
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