Asian markets fell ahead important events scheduled to happen later in the week like the European Central Bank interest rate and the US Nonfarm Payrolls reports. This loss was lead by property developers such as Yueziu Property Co. and DLF Ltd., India’s largest real estate company. Bearish performance may be limited, however, as the BoJ and the Chinese government are both committed to their respective stimulus plans and as US data may potentially give Asian firms a boost in the coming days. However, today the Nikkei dropped 0.33%, the Hang Seng dropped 0.08%, and the ASX 200 fell 0.44%.
European markets have hit a 2 month high as the European Central Bank surprisingly cut the interest rate and initiated a quantitative easing program. Given that investors have been worrying about weakness in the European economy for some time, these initiatives come as welcome news and are due to inspire bullish activity for a while. For now, the Stoxx 50 is up 1.28%, the FTSE is up 0.20%, and the DAX is up 0.47%.
American markets are poised to rise on opening today after the ECB’s announcements. Though separated by an ocean, the economies of America and most of Europe and intertwined, and a more optimistic European business environment means better opportunities for US firms. In addition, US trade balance data was better than expected, providing another piece of information investors can rally around at the start of the American session. At the moement, Dow futures are up 0.3%, while S&P futures are up 0.4%.
September 4, 2014 – Indices News
Asian markets fell ahead important events scheduled to happen later in the week like the European Central Bank interest rate and the US Nonfarm Payrolls reports. This loss was lead by property developers such as Yueziu Property Co. and DLF Ltd., India’s largest real estate company. Bearish performance may be limited, however, as the BoJ and the Chinese government are both committed to their respective stimulus plans and as US data may potentially give Asian firms a boost in the coming days. However, today the Nikkei dropped 0.33%, the Hang Seng dropped 0.08%, and the ASX 200 fell 0.44%.
European markets have hit a 2 month high as the European Central Bank surprisingly cut the interest rate and initiated a quantitative easing program. Given that investors have been worrying about weakness in the European economy for some time, these initiatives come as welcome news and are due to inspire bullish activity for a while. For now, the Stoxx 50 is up 1.28%, the FTSE is up 0.20%, and the DAX is up 0.47%.
American markets are poised to rise on opening today after the ECB’s announcements. Though separated by an ocean, the economies of America and most of Europe and intertwined, and a more optimistic European business environment means better opportunities for US firms. In addition, US trade balance data was better than expected, providing another piece of information investors can rally around at the start of the American session. At the moement, Dow futures are up 0.3%, while S&P futures are up 0.4%.
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