Citigroup To Cut Up To 300 Jobs
April 14, 2014 9:40 amVideo
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April 14, 2014 – Stock Market News
Today’s Hot Asset: Citigroup
Asian Market
Japanese stocks declined to a 6 month low as market sentiment remained negative, likely due to heightened tensions in the Ukraine.
Sharp Corp slumped in Tokyo by 8.7% after the supplier of displays for Apple’s iphone and ipad announced it is evaluating ways to increase capital, according to Bloomberg.
The Shanghai Composite Index was up 0.1% to 2,131.54 at the close. Last week a deal was closed to link Shanghai and Hong Kong markets, this was great news to Chinese investors as it will give them new access to many stocks.
European Stocks
European stocks were mostly in the red in early trading, as a deadline by the Ukraine for pro-russian forces to drop their weapons has come to pass. Financial socks are suffering such as; BNP Paribas is down by 0.2%.
London financial stocks were also lower, Barclays down by around 0.4%, on the other hand HSBC Holdings rose by around 0.2%.
US Stocks
Late Last week US stocks declined sharply after Thursdays bullish market. JPMorgan released disappointing quarterly earnings which initiated a decline in the S&P 500, which dropped by 0.95% closing at 1,815.69.
Citigroup is said to cut up to 300 jobs to lessen costs as a result of a dip in earnings, they are expected to release this data today at 12pm London time. Trade this stock today with our Binary Options platform.
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