Asian markets outside of Japan have gone up today on better than expected PPI data from the United States. However, the yen received a boost from better than expected Japanese data – an event that made the overseas income of Japanese exporters shrink. Thus, Japanese equities went down a bit as shares of major companies lost value. At the end of the session, the Nikkei was down 0.75%, while the Hang Seng was up 0.66%, and the ASX 200 was up 0.26%.
European markets have fallen as European GDP and Industrial Production data came out worse than expected. Furthermore, companies like Deutsche Post AG and Thomas Cook Group fell after posting bad earnings data. Though American data came out better than expected, investors could not shake local pessimism, and European indices continued downward. So far, the Stoxx 50 is down 1.48%, the FTSE 100 is down 0.71%, and the DAX is down 1.12%.
American markets are down after US industrial production data missed expectations. Another important source of downward pressure on American equities has been Wal-Mart’s worse than expected profit forecast, which has made investors bearish on the US economy as analysts interpret this information to be a sign that consumption is declining. Though Initial Jobless Claims went down, market participants were too preoccupied with the aforementioned data to take notice. Now, the Dow is down 0.84%, the S&P is down 1.06%, and the Nasdaq is down 1.2%.
May 15, 2014 – Indices News
Asian markets outside of Japan have gone up today on better than expected PPI data from the United States. However, the yen received a boost from better than expected Japanese data – an event that made the overseas income of Japanese exporters shrink. Thus, Japanese equities went down a bit as shares of major companies lost value. At the end of the session, the Nikkei was down 0.75%, while the Hang Seng was up 0.66%, and the ASX 200 was up 0.26%.
European markets have fallen as European GDP and Industrial Production data came out worse than expected. Furthermore, companies like Deutsche Post AG and Thomas Cook Group fell after posting bad earnings data. Though American data came out better than expected, investors could not shake local pessimism, and European indices continued downward. So far, the Stoxx 50 is down 1.48%, the FTSE 100 is down 0.71%, and the DAX is down 1.12%.
American markets are down after US industrial production data missed expectations. Another important source of downward pressure on American equities has been Wal-Mart’s worse than expected profit forecast, which has made investors bearish on the US economy as analysts interpret this information to be a sign that consumption is declining. Though Initial Jobless Claims went down, market participants were too preoccupied with the aforementioned data to take notice. Now, the Dow is down 0.84%, the S&P is down 1.06%, and the Nasdaq is down 1.2%.
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