Note: European markets are mostly closed today, as Easter Monday is a holiday for most western nations
Asian markets fell today as health care and information technology stocks performed poorly. Further adding to investor pessimism in the far east is anxiety about a possible slowdown in China, and the possibility that new IPOs may suck funds away from existing stocks. Sentiment was not to positive about Japan either, as data early in the morning revealed that exports grew more slowly than expected and that the trade deficit had widened. Thus, Asian equities have posted their first big fall in 4 days, with the Nikkei down 0.03% and the Shanghai composite down 1.52%.
American markets are performing strongly today due to better than expected corporate earnings data. Haliburton has already forcasted profit growth for the second quarter, while Netflix will report its earnings later today. In addition, better than expected CB Leading Index data has also helped boost investor optimism in US markets, as many feel the American economy is heading for recovery. Keep an eye out for corporate data today, as most of the remaining movement for US indices will stem from earnings data. The Dow is up 0.17%, the S&P is up 0.30%, and the Nasdaq is up 0.33%.
April 21, 2014 – Indices News
Note: European markets are mostly closed today, as Easter Monday is a holiday for most western nations
Asian markets fell today as health care and information technology stocks performed poorly. Further adding to investor pessimism in the far east is anxiety about a possible slowdown in China, and the possibility that new IPOs may suck funds away from existing stocks. Sentiment was not to positive about Japan either, as data early in the morning revealed that exports grew more slowly than expected and that the trade deficit had widened. Thus, Asian equities have posted their first big fall in 4 days, with the Nikkei down 0.03% and the Shanghai composite down 1.52%.
American markets are performing strongly today due to better than expected corporate earnings data. Haliburton has already forcasted profit growth for the second quarter, while Netflix will report its earnings later today. In addition, better than expected CB Leading Index data has also helped boost investor optimism in US markets, as many feel the American economy is heading for recovery. Keep an eye out for corporate data today, as most of the remaining movement for US indices will stem from earnings data. The Dow is up 0.17%, the S&P is up 0.30%, and the Nasdaq is up 0.33%.
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