Asian markets have climbed as the outlook for the United States improves – boosting potential demand for Asian manufactured goods. Further helping Asian indices climb was a statement by the Chinese Premier in which he noted that China had policies in reserve to deal with the difficulties that could potentially face the country this year. The Nikkei closed up 0.50%, the Hang Seng closed up 1.06%, and the ASX 200 closed up 0.31%.
European markets rose as a measure of Euro-area confidence climbed faster than expected. Mining Stocks had an especially strong showing due to earlier gains in Asia. In general, markets all over the world are starting to benefit from recovery in the US as well. The Stoxx 50 has climbed 0.93%, the FTSE has gone up 0.45%, and the DAX has gone up 1.13%.
American markets rose after better than expected Consumer Spending reassured investors that a recovery may be around the corner. The US has shown signs of better economic performance recently, so long term prospects for US indices may be bullish as well. Pay close attention to the Nonfarm Payrolls data coming out next week. For now, the Dow is up 0.74%, the S&P is up 0.78%, and the Nasdaq is up 1.04%.
March 28, 2014 – Indices News
Asian markets have climbed as the outlook for the United States improves – boosting potential demand for Asian manufactured goods. Further helping Asian indices climb was a statement by the Chinese Premier in which he noted that China had policies in reserve to deal with the difficulties that could potentially face the country this year. The Nikkei closed up 0.50%, the Hang Seng closed up 1.06%, and the ASX 200 closed up 0.31%.
European markets rose as a measure of Euro-area confidence climbed faster than expected. Mining Stocks had an especially strong showing due to earlier gains in Asia. In general, markets all over the world are starting to benefit from recovery in the US as well. The Stoxx 50 has climbed 0.93%, the FTSE has gone up 0.45%, and the DAX has gone up 1.13%.
American markets rose after better than expected Consumer Spending reassured investors that a recovery may be around the corner. The US has shown signs of better economic performance recently, so long term prospects for US indices may be bullish as well. Pay close attention to the Nonfarm Payrolls data coming out next week. For now, the Dow is up 0.74%, the S&P is up 0.78%, and the Nasdaq is up 1.04%.
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