Asian markets have tumbled after Chinese money supply data came out worse than expected – showing an expansion of only 12.1% despite expectations of 13% growth. This has ignited fears of a slow down in the world’s second largest economy and has made investors pessimistic with regards to the Middle Kingdom. However, outside China indices have performed better, with yesterday’s better than expected retail sales data boosting outlook for many Asian firms due to an increase in the value of the dollar. Today, the Nikkei closed up 0.62%, the Hang Seng closed down 1.6%, and the ASX 200 closed up 0.55%.
European markets fell today due to a flaring of tension in the Ukraine. Russian troops have entered eastern Ukrainian towns while Ukrainian forces stormed an airport in Kramatorsk, killing 4 pro-Russian militants. On top of this, German economic sentiment data was also worse than expected – providing more bearish sentiment in already fragile markets. Consequently, European Indices have erased most of this years gains. The Stoxx 50 has closed down 1.28%, the FTSE 100 has closed down 0.64%, and the DAX has closed down 1.77%.
American markets have been mostly unaffected by turmoil in other parts of the world. Better than expected inflation data made investors more confident about the US recovery. A further source of optimism was better than expected corporate earnings data from both Coca-Cola and Johnson & Johnson. However, it is also important to note that some of this upward movement may be a correction from last weeks declines, and consequently could be limited. For now, the Dow has closed up 0.55%, the S&P 500 has closed up 0.68%, and the Nasdaq has closed up 0.29%.
April 15, 2014 – Indices News
Asian markets have tumbled after Chinese money supply data came out worse than expected – showing an expansion of only 12.1% despite expectations of 13% growth. This has ignited fears of a slow down in the world’s second largest economy and has made investors pessimistic with regards to the Middle Kingdom. However, outside China indices have performed better, with yesterday’s better than expected retail sales data boosting outlook for many Asian firms due to an increase in the value of the dollar. Today, the Nikkei closed up 0.62%, the Hang Seng closed down 1.6%, and the ASX 200 closed up 0.55%.
European markets fell today due to a flaring of tension in the Ukraine. Russian troops have entered eastern Ukrainian towns while Ukrainian forces stormed an airport in Kramatorsk, killing 4 pro-Russian militants. On top of this, German economic sentiment data was also worse than expected – providing more bearish sentiment in already fragile markets. Consequently, European Indices have erased most of this years gains. The Stoxx 50 has closed down 1.28%, the FTSE 100 has closed down 0.64%, and the DAX has closed down 1.77%.
American markets have been mostly unaffected by turmoil in other parts of the world. Better than expected inflation data made investors more confident about the US recovery. A further source of optimism was better than expected corporate earnings data from both Coca-Cola and Johnson & Johnson. However, it is also important to note that some of this upward movement may be a correction from last weeks declines, and consequently could be limited. For now, the Dow has closed up 0.55%, the S&P 500 has closed up 0.68%, and the Nasdaq has closed up 0.29%.
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