Stocks Start To Dive As Data Supports Currencies
May 16, 2014 6:45 amVideo
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May 16, 2014 – Stock Market News
Today’s Hot Asset – Deutsche Bank
Stocks in the U.S. declined during yesterdays penultimate session of the week. Investors started the day awaiting key data and earnings releases which created a very mixed mood amongst investors. However, once the results started to come out it was clear which direction stocks were going to be heading for the remainder of the session. Lots of positive regional data and negative earnings releases weighed heavily on equities and this caused the values to drop.
Stocks in Asia traded mixed throughout the final session of the week. Most regions within Asia actually traded lower with stocks in Japan shedding the most. However, stocks in India jumped yesterday, as investors within the country anticipate a mew government. Tata Steel was one of the best performing Indian stocks today.
Stocks in Europe also traded lower in yesterdays session. Investors in Europe were looking ahead to the U.S. data as well as having plenty of negative regional data to deal with during the session. This created a constant sense of pessimism amognst investors dragging equity values down.
Today’s hot asset is, Deutsche Bank. The German bank has decided to sell the Cosmopolitan casino resort in Las Vegas to Blackstone for $1.73 billion. This news will definitely be noticed by investors and this should create plenty of great short term trading positions for binary options traders as the European session progresses.
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