The Asian session traded mixed as traders reacted to previous data. The JPY rallied against the dollar following bad US data and the political situation in Ukraine which caused traders to turn to safe-haven assets. Consequently the Nikkei dropped and closed 0.32% lower. Talk of energy sector sector reforms has boosted energy stocks causing the Hang Seng to gain 1.74%. Binary Option traders are awaiting Janet Yellen`s speech which will be released at 15.00 GMT for more economic clues as this might affect the Asian trade.
Traders were tracking the German unemployment rate at the opening of the European session. It came as a surprise to see that the number of people out of work decreased to 14.000 people after forecasters predicted the number to be 10.000. Fears that the ECB might tighten their monetary policy after this positive report have lowered market sentiment. As a result stocks fell in early session. The situation in Ukraine then caused serious tension amongst traders causing stocks to trade downwards in later. As a protest against Ukraine`s new leadership, armed men have raised the Russian flag at the government administration building. European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.16%, while the DAX led the CAC 40 lower. They fell 0.76% and 0.01% respectively
The US session has traded mixed so far, as traders are tracking fundamental data. In early trade the US durable goods fell less than forecasted. However there was little market reaction with Janet Yellen`s speech so close to the report. The S&P has again caught the spotlight today as the index is desperately trying to break resistance levels. Currently the S&P is gaining 0.25%, the NASDAQ is up 0.32% and the DOW is soaring 0.21%.
February 27, 2014 – Indices News
The Asian session traded mixed as traders reacted to previous data. The JPY rallied against the dollar following bad US data and the political situation in Ukraine which caused traders to turn to safe-haven assets. Consequently the Nikkei dropped and closed 0.32% lower. Talk of energy sector sector reforms has boosted energy stocks causing the Hang Seng to gain 1.74%. Binary Option traders are awaiting Janet Yellen`s speech which will be released at 15.00 GMT for more economic clues as this might affect the Asian trade.
Traders were tracking the German unemployment rate at the opening of the European session. It came as a surprise to see that the number of people out of work decreased to 14.000 people after forecasters predicted the number to be 10.000. Fears that the ECB might tighten their monetary policy after this positive report have lowered market sentiment. As a result stocks fell in early session. The situation in Ukraine then caused serious tension amongst traders causing stocks to trade downwards in later. As a protest against Ukraine`s new leadership, armed men have raised the Russian flag at the government administration building. European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.16%, while the DAX led the CAC 40 lower. They fell 0.76% and 0.01% respectively
The US session has traded mixed so far, as traders are tracking fundamental data. In early trade the US durable goods fell less than forecasted. However there was little market reaction with Janet Yellen`s speech so close to the report. The S&P has again caught the spotlight today as the index is desperately trying to break resistance levels. Currently the S&P is gaining 0.25%, the NASDAQ is up 0.32% and the DOW is soaring 0.21%.
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