Stocks in Asia traded lower on Thursday. Japanese Mizuho Financial Group which is the second largest group financial services group and has the biggest weight in Japanese index Nikkei 225, decreased by -0.25%. The general decline in Japanese stocks came after Bank of Japan did not expand monetary stimulus and kept the financial policy unchanged. Hong Kong stocks were mostly unchanged and ranged.
Stock in Europe are slightly down, ahead of European Central bank minimum bid rate release. Markets are waiting for news from Mario Draghi and expecting more monetary stimulus which would help against recent economic stagnation. With respect to the ceasefire between Russia and Ukraine, the Russian stock sharply climb. For example Lukoil is increasing by 5.58% in time of writing.
American stocks were traded slightly down. The negative mood was caused by worse-than-expected Factory Orders data. Caterpillar Inc declined by -0.42% and Microsoft Corp by -0.28%. However the biggest drop we saw on Apple Inc which declined by -4.22%. The slump was caused by a warning of a stock downgrade unless the new iPhone 6 shows potential bigger profit.
Septemeber 4, 2014 – Stock Market News
Hot Asset For Today: Lukoil
Stocks in Asia traded lower on Thursday. Japanese Mizuho Financial Group which is the second largest group financial services group and has the biggest weight in Japanese index Nikkei 225, decreased by -0.25%. The general decline in Japanese stocks came after Bank of Japan did not expand monetary stimulus and kept the financial policy unchanged. Hong Kong stocks were mostly unchanged and ranged.
Stock in Europe are slightly down, ahead of European Central bank minimum bid rate release. Markets are waiting for news from Mario Draghi and expecting more monetary stimulus which would help against recent economic stagnation. With respect to the ceasefire between Russia and Ukraine, the Russian stock sharply climb. For example Lukoil is increasing by 5.58% in time of writing.
American stocks were traded slightly down. The negative mood was caused by worse-than-expected Factory Orders data. Caterpillar Inc declined by -0.42% and Microsoft Corp by -0.28%. However the biggest drop we saw on Apple Inc which declined by -4.22%. The slump was caused by a warning of a stock downgrade unless the new iPhone 6 shows potential bigger profit.
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