Asian markets fell for the second day in a row as raw materials producers lead the loss. Companies like Newcrest mining and Fortescue Metals fell after commodities prices fell in China. Another source of downward movement was profit taking – traders are trying to cash out after recent rallies in the far east. Today, the Nikkei dropped 0.05%, the Hang Seng dropped 0.23%, and the ASX 200 fell 0.58%.
European markets are mixed at the moment as investors begin to doubt the strength of the European Central Bank’s stimulus measures. This pessimism comes amid uninspiring GFP data from the Eurozone and worse than expected US nonfarm payrolls data, which threatens the other wise significant recovery in America. As the week is coming to a close, this bearish sentiment is unlikely to change. The Stoxx is unchanged, the FTSE is down 0.5%, and the DAX is up 0.26%.
US indices are fluctuating in response to worse than expected NFP data, which may cause the Fed to postpone its interest rate increase. Thus, US markets market is under pressure from two sides, with downward pressure coming from recent NFP numbers and upward pressure coming from the possibility of a delay in raising the interest rate. At this moment, the DOW is down 0.08%, the S&P is down 0.21%, and the NASDAQ is down 0.1%.
September 5, 2014 – Indices News
Asian markets fell for the second day in a row as raw materials producers lead the loss. Companies like Newcrest mining and Fortescue Metals fell after commodities prices fell in China. Another source of downward movement was profit taking – traders are trying to cash out after recent rallies in the far east. Today, the Nikkei dropped 0.05%, the Hang Seng dropped 0.23%, and the ASX 200 fell 0.58%.
European markets are mixed at the moment as investors begin to doubt the strength of the European Central Bank’s stimulus measures. This pessimism comes amid uninspiring GFP data from the Eurozone and worse than expected US nonfarm payrolls data, which threatens the other wise significant recovery in America. As the week is coming to a close, this bearish sentiment is unlikely to change. The Stoxx is unchanged, the FTSE is down 0.5%, and the DAX is up 0.26%.
US indices are fluctuating in response to worse than expected NFP data, which may cause the Fed to postpone its interest rate increase. Thus, US markets market is under pressure from two sides, with downward pressure coming from recent NFP numbers and upward pressure coming from the possibility of a delay in raising the interest rate. At this moment, the DOW is down 0.08%, the S&P is down 0.21%, and the NASDAQ is down 0.1%.
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