Investors were on edge on Monday because of the uncertainty over the U. S. Federal Reserve’s Course of action. Turkish shares suffered because of negative impacts of three days of anti-governmental protests.
Chris Beauchamp, market analyst at IG, said that the Fed can sit and wait for more economic data to arrive and then make a decision.
Monday market sees Tokyo stocks making modest gains, with U. S. technology shares rising and the surging euro fueling buying capabilities of exporters like TDK, Honda Motor, and Canon etc. Undoubtedly, with the end of trading on the day, the late profit-taking has pushed many well off their intraday highs.
On Thursday, the Asian markets closed on a mixed note, while a few struggled and still couldn't make, others managed to cope up due to additional help. Sentiment closed at a positive note after being aided as there was a recovery in the activities concerning the Chinese manufacturing. Panasonic couldn't make it and fell in Tokyo after cuts in its earnings view.
Due to an embarrassing computer glitch, BATS Global Markets had to withdraw their public offerings. Now the CEO of the company has issued a public apology for the same. In a mass email addressed to customers and members of the trading community, Joe Ratterman said that BATS had experienced a serious technical failure on Friday morning, which is why the incidence occurred.
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