Asian markets have fallen for the first time this week after the yen appreciated and China’s bad loans increased. The strengthening of the yen has made the overseas income of Japanese exporters less value, which significantly weighs equity markets and hurting companies like Toyota. With regards to the Middle Kingdom, investors are not as optimistic in general as many expect the Chinese economy to slow this year. Thus, indices in the far east did not have a particularly good day. The Nikkei closed down 1.41%, The Hang Seng closed down 0.08%, and the ASX 200 closed down 0.58%.
European markets have also declined a little today. Equities were down today due to worse than expected corporate earnings. Specifically, large tour operators slide after TUI AG reported a larger than expected loss. Many analysts feel that European markets have nothing to life them higher as corporate reports and economic data have not been that spectacular. At this point, all eyes are on the ECB and its upcoming stimulus decision in June. Right now, the Stoxx 50 is up 0.08%, the FTSE is down 0.03%, and the DAX is down 0.43%.
American markets were mostly unchanged after better than expected housing data. However, in light of worse than expected consumer sentiment and expectations data, US equities have dipped. According to analysts, investors had high expectations for the US economy at the beginning of the year, but so far that data has not been overly impressive. Furthermore, Fed Chairwoman Janet Yellen has also emphasized the need to continue supporting the economy – indicating that the US is still not in the greatest of economic shape. Currently, the Dow is up 0.01%, the S&P is down 0.15%, and the Nasdaq is down 0.42%.
May 16, 2014 – Indices News
Asian markets have fallen for the first time this week after the yen appreciated and China’s bad loans increased. The strengthening of the yen has made the overseas income of Japanese exporters less value, which significantly weighs equity markets and hurting companies like Toyota. With regards to the Middle Kingdom, investors are not as optimistic in general as many expect the Chinese economy to slow this year. Thus, indices in the far east did not have a particularly good day. The Nikkei closed down 1.41%, The Hang Seng closed down 0.08%, and the ASX 200 closed down 0.58%.
European markets have also declined a little today. Equities were down today due to worse than expected corporate earnings. Specifically, large tour operators slide after TUI AG reported a larger than expected loss. Many analysts feel that European markets have nothing to life them higher as corporate reports and economic data have not been that spectacular. At this point, all eyes are on the ECB and its upcoming stimulus decision in June. Right now, the Stoxx 50 is up 0.08%, the FTSE is down 0.03%, and the DAX is down 0.43%.
American markets were mostly unchanged after better than expected housing data. However, in light of worse than expected consumer sentiment and expectations data, US equities have dipped. According to analysts, investors had high expectations for the US economy at the beginning of the year, but so far that data has not been overly impressive. Furthermore, Fed Chairwoman Janet Yellen has also emphasized the need to continue supporting the economy – indicating that the US is still not in the greatest of economic shape. Currently, the Dow is up 0.01%, the S&P is down 0.15%, and the Nasdaq is down 0.42%.
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