Asian markets have risen after yesterday’s American session in which Consumer confidence data came out better than expected. Investors were more optimistic about the US economy in light of this information, and considering the importance of US market to Asian firms, indices in the east were able to capitalize on this sentiment. Companies like Samsung that receive a large portion of their revenue from the US lead the pack. Not surprisingly, the Nikkei rose 0.37%, the Hang Seng rose 0.72%, and the ASX 200 went up 0.75%.
European markets rose for a second day as German GFK Consumer Climate data met expectations and US Durable Goods orders rose. Automakers lead most of the gain as better than expected Durable Goods data is a good indicator of whether car sales will climb. Also, European markets are still facing upward pressure after ECB head Mario Draghi said he would continue the central bank’s accommodative monetary policy. Thus, European indices were able to end on a good note, with the Stoxx 50 up 1.08%, the FTSE up 0.01%, and the DAX up 1.18%.
American markets have sunk today despite better than expected Durable Goods data. The main source of tension in US markets was Obama’s comments regarding the Ukraine. The President stated that the “international order was being tested” by Russia’s actions and that the world needs to condemn them. This caused many investors to worry that the situation could escalate and possible hurt commerce between Russia and the West. Thus, the Dow went down 0.60%, the S&P went down 0.70%, and the Nasdaq went down 1.43%.
March 26, 2014 – Indices News
Asian markets have risen after yesterday’s American session in which Consumer confidence data came out better than expected. Investors were more optimistic about the US economy in light of this information, and considering the importance of US market to Asian firms, indices in the east were able to capitalize on this sentiment. Companies like Samsung that receive a large portion of their revenue from the US lead the pack. Not surprisingly, the Nikkei rose 0.37%, the Hang Seng rose 0.72%, and the ASX 200 went up 0.75%.
European markets rose for a second day as German GFK Consumer Climate data met expectations and US Durable Goods orders rose. Automakers lead most of the gain as better than expected Durable Goods data is a good indicator of whether car sales will climb. Also, European markets are still facing upward pressure after ECB head Mario Draghi said he would continue the central bank’s accommodative monetary policy. Thus, European indices were able to end on a good note, with the Stoxx 50 up 1.08%, the FTSE up 0.01%, and the DAX up 1.18%.
American markets have sunk today despite better than expected Durable Goods data. The main source of tension in US markets was Obama’s comments regarding the Ukraine. The President stated that the “international order was being tested” by Russia’s actions and that the world needs to condemn them. This caused many investors to worry that the situation could escalate and possible hurt commerce between Russia and the West. Thus, the Dow went down 0.60%, the S&P went down 0.70%, and the Nasdaq went down 1.43%.
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