Asian markets have gone down as Chinese finance minister Lou Jinwei made bearish statements suggesting that the Chinese central bank may not seek to expand economic stimulus. As investors have been worrying about a slowdown in China, hearing news that the government may not take as much action as previously planned is somewhat disconcerting. Not surprisingly other markets in the far east are affecting, as market participants are worried that less activity in China may reduce demand for goods from other large economies in the region such as Japan or Australia. Today, the Nikkei fell 0.71%, the Hang Seng dropped 1.44%, and the ASX 200 fell 1.29%.
European markets are also taking a hit due to pessimism in China. Given China’s growing importance as an export destination for European companies, any sign of a slowdown in the Middle Kingdom will also scare investors in the old world. Given the prevalence of European firms in the commodities production field, recent declines in the prices for raw materials have also hit European markets pretty roughly. So far, the Stoxx 50 has fallen 0.32%, the FTSE has declined 0.83%, and the DAX has gone down 0.32%.
American markets are also going down – this time due to recent worse than expected home sales data. Many investors view the real estate market as a general indicator of the health of the economy. Thus, the recently released information is being taken quite pessimistically. Furthermore, many market participants have also taken note the recent bearish sentiment in China and are worried about potential spillover across the pacific. Thus, today we are seeing a pullback from recent highs: the Dow is down 0.32%, the S&P is down 0.58%, and the Nasdaq is down 0.97%.
September 22, 2014 – Indices News
Asian markets have gone down as Chinese finance minister Lou Jinwei made bearish statements suggesting that the Chinese central bank may not seek to expand economic stimulus. As investors have been worrying about a slowdown in China, hearing news that the government may not take as much action as previously planned is somewhat disconcerting. Not surprisingly other markets in the far east are affecting, as market participants are worried that less activity in China may reduce demand for goods from other large economies in the region such as Japan or Australia. Today, the Nikkei fell 0.71%, the Hang Seng dropped 1.44%, and the ASX 200 fell 1.29%.
European markets are also taking a hit due to pessimism in China. Given China’s growing importance as an export destination for European companies, any sign of a slowdown in the Middle Kingdom will also scare investors in the old world. Given the prevalence of European firms in the commodities production field, recent declines in the prices for raw materials have also hit European markets pretty roughly. So far, the Stoxx 50 has fallen 0.32%, the FTSE has declined 0.83%, and the DAX has gone down 0.32%.
American markets are also going down – this time due to recent worse than expected home sales data. Many investors view the real estate market as a general indicator of the health of the economy. Thus, the recently released information is being taken quite pessimistically. Furthermore, many market participants have also taken note the recent bearish sentiment in China and are worried about potential spillover across the pacific. Thus, today we are seeing a pullback from recent highs: the Dow is down 0.32%, the S&P is down 0.58%, and the Nasdaq is down 0.97%.
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