Stock Markets Report 21st October
October 21, 2014 12:50 pmVideo
Latest News
- Analysis of EUR/USD pair on May 23rd. Buyers make a second attempt to test the 1.0880 level May 23, 2024
- Analysis of GBP/USD pair on May 23rd. American reports saved the dollar May 23, 2024
- Forecast of EUR/USD pair on May 23, 2024 May 23, 2024
- Forecast of GBP/USD pair on May 23, 2024 May 23, 2024
- USD/JPY: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- GBP/USD: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- EUR/USD: Simple trading tips for novice traders on May 23rd (US session) May 23, 2024
- GBP/USD: trading plan for the US session on May 23rd (analysis of morning deals). Buyers hit resistance at 1.2760 May 23, 2024
- EUR/USD: trading plan for the US session on May 23rd (analysis of morning deals). The euro rebounded from the 1.0819 level May 23, 2024
- Technical analysis – US 500 index slips after all-time high but holds within bullish area May 23, 2024
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- Trading Signals for EUR/USD for May 23-25, 2024: buy above 1.0834 (200 EMA – rebound) May 23, 2024
- Trading Signals for SILVER (XAG/USD) for May 23-25, 2024: buy above 30.00 (200 EMA – rebound) May 23, 2024
- Forex forecast 05/23/2024: EUR/USD, GBP/USD, USDX, Oil and Bitcoin from Sebastian Seliga May 23, 2024
- Video market update for May 23, 2024 May 23, 2024
- USD/JPY: Simple trading tips for novice traders on May 23rd. Analysis of yesterday’s forex transactions May 23, 2024
- GBP/USD: Simple trading tips for novice traders on May 23rd. Analysis of yesterday’s forex transactions May 23, 2024
- EUR/USD: Simple trading tips for novice traders on May 23rd. Analysis of yesterday’s forex transactions May 23, 2024
- Technical Analysis – EURUSD recovers ground, remaining above downtrend line May 23, 2024
- Technical Analysis – EURGBP tests critical pivot area after slump May 23, 2024
Asian Stocks
Stocks in Asian fell on Tuesday after a report from the region’s largest economy showed that China’s growth rate for the third quarter came in higher than forecasted, while Japan saw major losses.
Japan’s Nikkei 225 index went down 1.335 to 14,905.50 points after climbing 4% on Monday, the highest since June 2013 after the Government Pension Investment Fund (GPIF) announced it would boost domestic stock holding from 12% to approximately 25%. Tokyo’s Topix index eased 0.35% to 1,208.06 points.
The Japanese yen slightly strengthened against the US dollar on Tuesday, trading around 106.90 yen versus 107.20 yen on Monday. The stronger yen cleared exporters’ gains, with the textile manufacturer Unitika falling 6.12%, while Takata went down 23% and Toho Zinc Co declined 5.32%.
Hong Kong’s Hang Seng index edged 0.25% lower to 23,012.31 points, while the Chinese mainland Shanghai Composite slipped 0.27% to 2,350.43 points at the time of writing.
China’s gross domestic product (GDP) for the third quarter rose 7.35 year-on-year in the July-September period, the slowest pace since the first quarter of 2009, according to the statistics bureau in Beijing. A 7.2% year-on-year growth was expected to be seen, according to analysts. The world’s second largest economy released a separate report which showed that China’s industrial production for September climbed 8.5%, compared to forecast of a 8.4% rise. This comes in after reports that the People’s Bank of China said it plans to inject approximately 200 billion yuan into some national and regional lenders.
The South Korean Kospi index tumbled 0.75% to 1,915.36 points, while Australia’s benchmark S&P/ASX 200 index fell 0.02% to 5,318.60 points.
In Sydney, mining giant Rio Tinto rose 0.33% higher, while rival BHP Billiton declined 0.18%. In banking stocks, Commonwealth Bank of Australia and Westpac each slumped 0.35% and 0.54% respectively.
Europe Stocks
The European Euro Stoxx 50 rose 0.58% to trade 2,944.37, while UK’s FTSE 100 edged 0.43% higher to 6,294.31 at the time of writing. At the same time the French CAC 40 gained 0.76% to 4,021.46 and Germany’s DAX 30 recovered from the previous session’s fall, adding 0.66% to 8,776.86.
Meanwhile, a report from the European Statistical office Eurostats showed that the euro block’s government debt came in at 90.9% of gross domestic product last year, based on the revised European system of National and Regional Accounts (ESA).
In other news, a set of reports expected to be released during the week will be the main focus for the market. The reports expected to released includes US housing report and flash figures for manufacturing and services sector for France, Germany and the eurozone.
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