Why European Markets Fell as the BoJ Disappointed
European markets (DBEU) fell today. The negative vibes came from the Bank of Japan’s or BoJ’s decision to hold off on any rate cut.
Asian markets (AAXJ) were mostly trading lower this morning, with the exception of the Oceania indexes. Here’s why.
The Australian (EWA) Index S&P/ASX 200 and the Dow Jones New Zealand (VPL) were among the major losers on April 27.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 3.1% while the Energy Select Sector SPDR ETF (XLE) rose 1.9% on April 27.
The US Federal Reserve kept interest rates unchanged on April 27, 2016, but signaled confidence in economic activity.
The Brazilian real surged as the central bank withheld from intervening in the foreign exchange market and let the currency gain against a weakening US dollar.
US stocks gained this morning after better-than-expected earning results as investors were trading cautiously ahead of tomorrow’s FOMC (Federal Open Market Committee) meeting.
Critical European markets (DBEU) were trading on a mixed bias on April 26, 2016. There wasn’t a major data release from European markets (HEDJ).
Major Asian markets (AAXJ) were trading on a mixed note today. The Japanese (DXJ) Nikkei 225 was trading on a negative bias. It fell by 0.49%.
Depressed Latin American markets took cues from lower commodity prices as of 1:30 PM EST today.
We saw some major losses in energy stocks today, mainly driven by the fall in crude prices as investors traded pessimistically ahead of major monetary policy releases this week.
European markets (DBEU) were trading negatively today as the German business climate fell short of expectations.
Asian markets (AAXJ) were trading lower at the start of the week today, scheduled for two major monetary policy releases.
European indexes (DBEU) were trading on a mixed note in today’s early trading hours as the European Central Bank’s (or ECB) monetary policy inaction and the Eurozone purchasing managers’ index moved markets.
Major Asian markets (AAXJ) were trading on a mixed note today. The Japanese (DXJ) Nikkei 225 once again posted the largest gains for the day.
Latin American markets were taking cues from the lower commodity prices as of 3:30 PM EST on April 21, 2016.
US markets traded lower note following the ECB’s (European Central Bank) monetary policy announcement on April 21.
European indexes (DBEU) were trading with a slight positive bias this morning after an announcement from the European Central Bank or ECB about its decision to keep rates unchanged.
Asian markets (AAXJ) mostly traded higher this morning—with the exception of Chinese indexes. They still look shaky after a heavy fall yesterday.
European indexes (DBEU) were trading with a slight positive bias this morning even as crude oil prices fell by close to 2.5% at 9:00 AM EST.