Asian markets went up today in anticipation of US Nonfarm Payrolls data. Many were expected the US economy to continue recovering, stimulating demand fro Asian goods. However, Chinese equities saw a drop as one of Chinese largest solar cell producers failed to pay the interest in its debt – causing the first onshore bond default in China. At closing, the Nikkei was up 0.92%, the Hang Seng was down 0.19%, and the ASX 200 was up 0.30%.
European markets have gone down due to bad performance from healthcare companies. Despite better than expected employment numbers from the US Nonfarm Payrolls, European indices continued to decline as companies such as Airbus, Fugro, and Getinge AB took hits. All in all the Stoxx 50 is down 0.80%, the FTSE is down 0.54%, and the DAX is down 1.17%.
US markets went up right after better than expected Nonfarm Payrolls data. The report revealed that 175,000 jobs were created – beating expectations of 149,000 jobs and lending credence to the Federal Reserve’s argument that the first two reports of the year were worse than expected due to the weather situation. However, US indices erased some of their gains as investors began to worry about the situation in the Ukraine. At the moment, Russia and the Ukraine are at odds again over a vote by the Crimean Parliament to secede from the Ukraine and join Russia. Thus, US markets are in flux at the moment. The Dow is currently up 0.39%, the S&P is up 0.15%, and the Nasdaq is down 0.26%.
March 7, 2014 – Indices News
Asian markets went up today in anticipation of US Nonfarm Payrolls data. Many were expected the US economy to continue recovering, stimulating demand fro Asian goods. However, Chinese equities saw a drop as one of Chinese largest solar cell producers failed to pay the interest in its debt – causing the first onshore bond default in China. At closing, the Nikkei was up 0.92%, the Hang Seng was down 0.19%, and the ASX 200 was up 0.30%.
European markets have gone down due to bad performance from healthcare companies. Despite better than expected employment numbers from the US Nonfarm Payrolls, European indices continued to decline as companies such as Airbus, Fugro, and Getinge AB took hits. All in all the Stoxx 50 is down 0.80%, the FTSE is down 0.54%, and the DAX is down 1.17%.
US markets went up right after better than expected Nonfarm Payrolls data. The report revealed that 175,000 jobs were created – beating expectations of 149,000 jobs and lending credence to the Federal Reserve’s argument that the first two reports of the year were worse than expected due to the weather situation. However, US indices erased some of their gains as investors began to worry about the situation in the Ukraine. At the moment, Russia and the Ukraine are at odds again over a vote by the Crimean Parliament to secede from the Ukraine and join Russia. Thus, US markets are in flux at the moment. The Dow is currently up 0.39%, the S&P is up 0.15%, and the Nasdaq is down 0.26%.
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