Stock Market Review 23 April
April 23, 2014 12:05 pmVideo
Latest News
- GBP/USD. May 31st. Bears remain weak and the pound rises alongside euro May 31, 2024
- Weekly Forex Outlook: 31/05/2024 – ECB cut might get eclipsed by BoC surprise and NFP May 31, 2024
- Cryptos consolidate as spot Ether ETF excitement fades – Crypto News May 31, 2024
- Technical Analysis – USDJPY may retest 157.70 May 31, 2024
- June forecast: Dollar index poised for growth May 31, 2024
- Week Ahead – ECB rate cut might get eclipsed by BoC surprise and NFP report May 31, 2024
- Forex forecast 05/31/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 31, 2024
- EUR/USD and GBP/USD: Technical analysis on May 31 May 31, 2024
- Market Comment – US and Eurozone inflation data in focus May 31, 2024
- Technical Analysis – EURGBP stuck around the crucial 0.8500 floor May 31, 2024
- Technical Analysis – USDCAD meets uptrend line again and again May 31, 2024
- Technical Analysis – AUDUSD bullish tendency in doubt May 31, 2024
- USD/JPY: trading tips for beginners for European session on May 31 May 31, 2024
- GBP/USD: trading tips for beginners for European session on May 31 May 31, 2024
- EUR/USD: trading tips for beginners for European session on May 31 May 31, 2024
- Video market update for May 31, 2024 May 31, 2024
- Trading plan for GBP/USD on May 31. Simple tips for beginners May 31, 2024
- Trading plan for EUR/USD on May 31. Simple tips for beginners May 31, 2024
- Nasdaq red flags: Salesforce drops index 1% May 31, 2024
- Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday May 31 2024. May 31, 2024
Stocks across the Asian region was swinging in between gains and losses on Wednesday after a Chinese manufacturing data showed continuous slowdown in the world second-largest economy. Meanwhile, Japanese and Australian stock saw gains.
Stocks – Europe
In Europe, stocks were little changed after climbing on Tuesday to its highest in seven weeks as traders focus on quarterly earnings release for some major companies.
The Euro Stoxx 50 dropped 0.11% to 3,196.30, while the German DAX climbed 0.03% higher to 9,603.42 at the time of writing. At the same time in France, CAC 40 edged 0.17% lower to open at 4,476.56, while the UK’s benchmark FTSE 100 rose 0.05% higher to 6,684.76.
Eurozone PMI
Investors are expecting the Markit Eurozone manufacturing PMI gauge to be released later in the day and expected to remain unchanged at 53 in April, according to analysts. The flash manufacturing Purchasing Managers Index (PMI) for Germany is expected to slightly rise from 53.7 in March to 53.8 in April, according to analysts forecast.
In France, the country’s flash PMI in manufacturing dropped to 50.9 in April, falling from the previous reading of 52.1 in the previous month.
Stocks – Asia
The Japanese benchmark Nikkei 225 edged 1.09% higher to 14,546.27, while Tokyo’s broader Topix index climbed 0.97% to 1,173.81 at the time of writing.
The Japanese yen edged 0.02% higher to 102.61 yen at the time of writing, but remained weak. Retail company, Marui Group saw the most gains on the Nikkei 225, climbing 4.7% higher. However, Mitsui Engineering and Shipbuilding lost 4.7%.
In China, Hong Kong’s Hang Seng gauge fell 0.87% to 22,533.78 on Wednesday, while the mainland benchmark Shanghai index shed 0.47% to 2,063.19, with both indices clearing previous gains.
Meanwhile, preliminary Purchasing Mangers’ Index for HSBC and Markit Economics for April came in at 48.3, in line with analysts estimated but still below the 50-mark which is between expansion and contraction.
New exports dropped from 51.3 to 49.3, adding to concerns that the world second-largest economy is slowing down.
Australia
In Sydney, the benchmark S&P/ASX 200 index rose 0.63% higher to 5,514.00, while the Consumer Price Index edged 2.9% higher on an annual basis for the first three months of the year, according to reports.
The aussie weakened to a two-week low of $0.9274, following the release. Resolute Mining climbed 6.5%, while the iron ore miner Atlas Iron shed 3.1%, the lost in the day.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today
The post Stock Market Review 23 April appeared first on | HY Markets Official blog.
Related Posts: