American markets went down yesterday after Obama made statements critical about Russia’s annexation of the Crimea. Investor reacted anxiously to this, as many felt that his words could exacerbate the conflict and potentially lead to military confrontation or further sanctions. Thus, any gains made earlier in the day due to better than expected Durable Goods orders was erased. Not surprisingly, the Dow closed down 0.60%, the S&P closed down 0.70%, and the Nasdaq closed down 1.43%.
Asian markets have gone up today as utilities stocks advanced. Yesterday’s better than expected Durable Goods orders data helped Asian firms climb due to investor belief that that any US recovery will stimulate demand for Asian goods. However, not all markets shared in this growth, traders are still a little worried about the economic situation in China, and so many Chinese and Australian firms are not doing as well. The Nikkei closed up 1.01%, the Hang Seng closed down 0.24%, and the ASX 200 closed down 0.50%.
European markets are taking a turn for the worse on fears the crisis in the Ukraine may escalate – ending a two day rally. The renewed anxiety of this issue is a response to US president Barrack Obama’s condemnation of Russia yesterday, which also weighed heavily on American markets earlier. Many fear that more sanctions may be coming – something that may seriously affect trade between the EU and its largest energy supplier. At the moment, the Stoxx 50 is up 0.09%, the FTSE is down 0.40%, and the CAC 40 is down 0.02%.
March 27, 2014 – Indices News
American markets went down yesterday after Obama made statements critical about Russia’s annexation of the Crimea. Investor reacted anxiously to this, as many felt that his words could exacerbate the conflict and potentially lead to military confrontation or further sanctions. Thus, any gains made earlier in the day due to better than expected Durable Goods orders was erased. Not surprisingly, the Dow closed down 0.60%, the S&P closed down 0.70%, and the Nasdaq closed down 1.43%.
Asian markets have gone up today as utilities stocks advanced. Yesterday’s better than expected Durable Goods orders data helped Asian firms climb due to investor belief that that any US recovery will stimulate demand for Asian goods. However, not all markets shared in this growth, traders are still a little worried about the economic situation in China, and so many Chinese and Australian firms are not doing as well. The Nikkei closed up 1.01%, the Hang Seng closed down 0.24%, and the ASX 200 closed down 0.50%.
European markets are taking a turn for the worse on fears the crisis in the Ukraine may escalate – ending a two day rally. The renewed anxiety of this issue is a response to US president Barrack Obama’s condemnation of Russia yesterday, which also weighed heavily on American markets earlier. Many fear that more sanctions may be coming – something that may seriously affect trade between the EU and its largest energy supplier. At the moment, the Stoxx 50 is up 0.09%, the FTSE is down 0.40%, and the CAC 40 is down 0.02%.
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