Traders have turned to Asian stocks after the U.S manufacturing report released much better figures than expected. Traders were looking ahead for this report as recent bad data was blamed on poor weather conditions. The report highlighted the fastest overhaul in the U.S manufacturing sector since 2010. This boosted traders optimism that the US economic data is strengthening and will continue to pick up when the weather will start to get warmer. Subsequently stocks rallied in the Asian market. Traders are taking this as a good sign but they are still wary of the poor Chinese HSBC Manufacturing PMI report that was released earlier this week. All in all the Nikkei has added 2.88%, the Hang Seng closed 0.33% higher and the ASX 200 has gained 0.49%.
US stocks rallied yesterday as Facebook’s share rose 3% after they agreed to buy WhatsApp Incorporation. As a result the S&P closed near 10 points of its all time-high. The NASDAQ gained, as the tech industry picked up again after seeing their eight day straight win coming to an end. Traders will keep on eye on the Existing Home Sales report which we be released at 19:00 GMT. At the close the S&P added 0.60%, the NASDAQ edged 0.70% and the Dow went 0.58% higher.
The European session started off positive. The US manufacturing gauge report boosted traders to turn to stocks. Stocks then started ranging and is quite now. Binary option traders were not affected by the UK retails sales report. Although the report came out negative, a separate report showed the UK posted a budget surplus last month causing the GBP to rally.
The FTSE 100 is currently up 0.07%, the CAC is gaining 0.21% and the DAX is down 0.03%.
February 21, 2014 – Indices News
Traders have turned to Asian stocks after the U.S manufacturing report released much better figures than expected. Traders were looking ahead for this report as recent bad data was blamed on poor weather conditions. The report highlighted the fastest overhaul in the U.S manufacturing sector since 2010. This boosted traders optimism that the US economic data is strengthening and will continue to pick up when the weather will start to get warmer. Subsequently stocks rallied in the Asian market. Traders are taking this as a good sign but they are still wary of the poor Chinese HSBC Manufacturing PMI report that was released earlier this week. All in all the Nikkei has added 2.88%, the Hang Seng closed 0.33% higher and the ASX 200 has gained 0.49%.
US stocks rallied yesterday as Facebook’s share rose 3% after they agreed to buy WhatsApp Incorporation. As a result the S&P closed near 10 points of its all time-high. The NASDAQ gained, as the tech industry picked up again after seeing their eight day straight win coming to an end. Traders will keep on eye on the Existing Home Sales report which we be released at 19:00 GMT. At the close the S&P added 0.60%, the NASDAQ edged 0.70% and the Dow went 0.58% higher.
The European session started off positive. The US manufacturing gauge report boosted traders to turn to stocks. Stocks then started ranging and is quite now. Binary option traders were not affected by the UK retails sales report. Although the report came out negative, a separate report showed the UK posted a budget surplus last month causing the GBP to rally.
The FTSE 100 is currently up 0.07%, the CAC is gaining 0.21% and the DAX is down 0.03%.
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