Asian markets are mostly closed today due to the lunar new year. However, Japanese markets remained open and initially rose after better than expected unemployment data. However, worse than expected Household Spending and Industrial Production data eventually dragged the Nikkei down. It closed down 0.62%.
European markets fell today on bad earnings data as companies like Electrolux Ab and Vedanta resources reported worse than expected results. Though Euro are unemployment was better than expected, bad CPI data prevented European indices from making any gains. The Stoxx 50 is down 1.20%, the FTSE is down 1.07%, and the DAX is down 1.47%.
US markets are also down on bad earnings data. Despite better than expected consumer spending data, less than expected earnings from Amazon and Wal-Mart disappointed investors and weighed heavily on US indices. Investors took the news from Amazon particularly hard because they believe the internet retailer’s performance reflects on the behavior of the common consumer. All in all, the Dow is down 1.36%, the S&P is down 0.91%, and the Nasdaq is down 0.77%.
January 31, 2014 – Indices News
Asian markets are mostly closed today due to the lunar new year. However, Japanese markets remained open and initially rose after better than expected unemployment data. However, worse than expected Household Spending and Industrial Production data eventually dragged the Nikkei down. It closed down 0.62%.
European markets fell today on bad earnings data as companies like Electrolux Ab and Vedanta resources reported worse than expected results. Though Euro are unemployment was better than expected, bad CPI data prevented European indices from making any gains. The Stoxx 50 is down 1.20%, the FTSE is down 1.07%, and the DAX is down 1.47%.
US markets are also down on bad earnings data. Despite better than expected consumer spending data, less than expected earnings from Amazon and Wal-Mart disappointed investors and weighed heavily on US indices. Investors took the news from Amazon particularly hard because they believe the internet retailer’s performance reflects on the behavior of the common consumer. All in all, the Dow is down 1.36%, the S&P is down 0.91%, and the Nasdaq is down 0.77%.
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