Asian markets went down today as Chinese companies like SAIC motor corp. a Hisense Electric co. fell. The main reason for poor performance in the far east was worse than expected Chinese FDI data – which suggests that less capital is entering the Middle Kingdom. Due to the importance of the Chinese economy for the region, this bearish data has had reverberations across global markets. Not surprisingly, the Nikkei was down 0.23%, the Hang Seng closed down 0.91%, and the ASX 200 ended down 0.51%.
European indices have gone down today ahead of the FOMC statement coming out tomorrow in the US. Generally, recent poor performance in Europe has been attributed to investor caution after this summer’s slowdown. In addition, fear about the Scottish referendum is also holding European markets down. However, there is a chance that investors may view lower equity prices as an opportunity to enter the market. Today, the Stoxx 50 closed down 0.31%, the FTSE 100 closed down 0.18%, and the DAX closed down 0.28%.
American markets are climbing on the back of news that China’s central bank is boosting stimulus measures to combat a weaker economy. Furthermore, many investors are begging to take the view that the Federal reserve will not rush to raise the interest rate in light of recent bearish data – an action that will improve the outlook for stocks. In the meantime, the Dow is up 0.70%, the S&P is up 0.85%, and the Nasdaq is up 0.77%.
September 16, 2014 – Indices News
Asian markets went down today as Chinese companies like SAIC motor corp. a Hisense Electric co. fell. The main reason for poor performance in the far east was worse than expected Chinese FDI data – which suggests that less capital is entering the Middle Kingdom. Due to the importance of the Chinese economy for the region, this bearish data has had reverberations across global markets. Not surprisingly, the Nikkei was down 0.23%, the Hang Seng closed down 0.91%, and the ASX 200 ended down 0.51%.
European indices have gone down today ahead of the FOMC statement coming out tomorrow in the US. Generally, recent poor performance in Europe has been attributed to investor caution after this summer’s slowdown. In addition, fear about the Scottish referendum is also holding European markets down. However, there is a chance that investors may view lower equity prices as an opportunity to enter the market. Today, the Stoxx 50 closed down 0.31%, the FTSE 100 closed down 0.18%, and the DAX closed down 0.28%.
American markets are climbing on the back of news that China’s central bank is boosting stimulus measures to combat a weaker economy. Furthermore, many investors are begging to take the view that the Federal reserve will not rush to raise the interest rate in light of recent bearish data – an action that will improve the outlook for stocks. In the meantime, the Dow is up 0.70%, the S&P is up 0.85%, and the Nasdaq is up 0.77%.
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