US Indices Dropping After Consumer Confidence Report
February 25, 2014 11:30 pm
February 25, 2014 – Indices News
The Asian session was trading mixed today as stocks were still reacting to yesterday’s key data. The equity market initially started of increasing as traders turned to stocks after having seen the US indices finish higher yesterday. In addition traders also turned to shares as the USD rallied against the JPY. However traders are still worried about the poor Chinese property growth and stocks have been ranging throughout the day. Eventually the Nikkei closed 1.44% higher, the Hang Seng dropped 0.32% and the ASX 200 lost 0.12%.
European stocks have been trading in a downward channel throughout the day as traders are worried of the annual rate for the euro zone inflation. The ECB`s target is at 2% inflation and traders have been taken back by the preliminary estimate figure, which is 0.7%. Consumers are now worried that the ECB will tighten monetary policy causing stocks to fall. Overall stocks in the euro zone have been trading mixed over late. The FTSE closed 0.52% lower, the CAC went 4.58% lower and the DAX finished 0.10% down.
The US session rallied in early trade as high end stocks have beaten estimated figures. However stocks then retrieved as traders were tracking the poor growth in home prices. Stocks then tumbled even further after the Consumer Confidence report posted negative figures at 15.00 GMT. Binary option traders should still remain optimistic regarding the equity market as today’s poor figures will not overshadow the success of shares over the past few weeks. Currently the S&P has dropped 0.13%, the NASDAQ is down 0.13% and the Dow is 0.17% lower.
February 25, 2014 – Indices News
The Asian session was trading mixed today as stocks were still reacting to yesterday’s key data. The equity market initially started of increasing as traders turned to stocks after having seen the US indices finish higher yesterday. In addition traders also turned to shares as the USD rallied against the JPY. However traders are still worried about the poor Chinese property growth and stocks have been ranging throughout the day. Eventually the Nikkei closed 1.44% higher, the Hang Seng dropped 0.32% and the ASX 200 lost 0.12%.
European stocks have been trading in a downward channel throughout the day as traders are worried of the annual rate for the euro zone inflation. The ECB`s target is at 2% inflation and traders have been taken back by the preliminary estimate figure, which is 0.7%. Consumers are now worried that the ECB will tighten monetary policy causing stocks to fall. Overall stocks in the euro zone have been trading mixed over late. The FTSE closed 0.52% lower, the CAC went 4.58% lower and the DAX finished 0.10% down.
The US session rallied in early trade as high end stocks have beaten estimated figures. However stocks then retrieved as traders were tracking the poor growth in home prices. Stocks then tumbled even further after the Consumer Confidence report posted negative figures at 15.00 GMT. Binary option traders should still remain optimistic regarding the equity market as today’s poor figures will not overshadow the success of shares over the past few weeks. Currently the S&P has dropped 0.13%, the NASDAQ is down 0.13% and the Dow is 0.17% lower.
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