Asian markets are down again despite already facing a massive decline last week. The primary source of downward pressure today is the situation in the Crimea. After the EU and the US rejected the referendum, panicked investors began to search for safer places to park their assets. Also note that investors were already worried about China’s economic outlook after worse than expected manufacturing data from last week. Thus, the tension in Europe magnified already existing bearish sentiment, pushing the Nikkei down 0.35%, the Hang Seng down 0.3%, and the ASX 200 down 0.22%.
European markets rose today despite tension in the Ukraine. For the time being, investors have brushed the political situation aside as companies embarked on mergers and acquisitions sprees. European indices were further helped up by better than expected US Manufacturing data, which provides more evidence of a recovery across the Atlantic. At the end of the European Session, the Stoxx 50 had risen 1.5%, the FTSE had climbed 0.69%, and the DAX was up 1.39%.
American indices are following in the path of their European counterparts and rising. Better than expected US Industrial Production data, which has improved the outlook for the US economy. Though the situation in the Crimea has not dragged markets down, the situation is constantly developing, and investors are watching events closely. For now, optimism reigns supreme, with the Dow up 1.14%, the S&P up 1%, and the Nasdaq up 1.09%.
March 17, 2014 – Indices News
Asian markets are down again despite already facing a massive decline last week. The primary source of downward pressure today is the situation in the Crimea. After the EU and the US rejected the referendum, panicked investors began to search for safer places to park their assets. Also note that investors were already worried about China’s economic outlook after worse than expected manufacturing data from last week. Thus, the tension in Europe magnified already existing bearish sentiment, pushing the Nikkei down 0.35%, the Hang Seng down 0.3%, and the ASX 200 down 0.22%.
European markets rose today despite tension in the Ukraine. For the time being, investors have brushed the political situation aside as companies embarked on mergers and acquisitions sprees. European indices were further helped up by better than expected US Manufacturing data, which provides more evidence of a recovery across the Atlantic. At the end of the European Session, the Stoxx 50 had risen 1.5%, the FTSE had climbed 0.69%, and the DAX was up 1.39%.
American indices are following in the path of their European counterparts and rising. Better than expected US Industrial Production data, which has improved the outlook for the US economy. Though the situation in the Crimea has not dragged markets down, the situation is constantly developing, and investors are watching events closely. For now, optimism reigns supreme, with the Dow up 1.14%, the S&P up 1%, and the Nasdaq up 1.09%.
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