European Stocks Down Following Drop in German Production
October 8, 2014 9:45 am
October 7, 2014 – Stock Market News
Asian stocks closed mixed. Chinese markets rose as talks between the government and protesters began. China mobile Ltd. added 1.1%. Japanese stocks, however, dropped as the Bank of Japan announced that the stimulus program will remain unchanged, strengthening the Yen. In India, Axis Bank lost 1.71% as the Delhi police filed a FIR against the Bank’s CEO and directors. TATA Motors Limited lost 0.86% and Gazprom OAO fell 1.45% reversing gains from yesterday. European stocks closed lower following a report showing the steepest drop in German production in the last five years. Deutsche Lufthansa AG lead the drop with a 4.35% following retirement disputes for its employees. TESCO Plc. added 4.5% showing signs of recovery after reaching its lowest value since 2003. Rolls-Royce Holdings advanced 3.88% and Rio Tinto PLC lost 4.78% erasing gains made yesterday after the company declined the merger offer by Glencore.
U.S. stocks are declining following negative sentiment from the European session. Boeing is trading 1.48% lower today. Goldman Sachs Group Inc is down 1.23%. Apple Inc opened lower declining 0.37%. Microsoft Corp is down 0.98%. Caterpillar Inc lost 1.30% continuing the bearish trend from early September. On the Bullish side, Coca Cola Co. is up 1% reaching a 17% increase in the last 12 months.
October 7, 2014 – Stock Market News
Asian stocks closed mixed. Chinese markets rose as talks between the government and protesters began. China mobile Ltd. added 1.1%. Japanese stocks, however, dropped as the Bank of Japan announced that the stimulus program will remain unchanged, strengthening the Yen. In India, Axis Bank lost 1.71% as the Delhi police filed a FIR against the Bank’s CEO and directors. TATA Motors Limited lost 0.86% and Gazprom OAO fell 1.45% reversing gains from yesterday.
European stocks closed lower following a report showing the steepest drop in German production in the last five years. Deutsche Lufthansa AG lead the drop with a 4.35% following retirement disputes for its employees. TESCO Plc. added 4.5% showing signs of recovery after reaching its lowest value since 2003. Rolls-Royce Holdings advanced 3.88% and Rio Tinto PLC lost 4.78% erasing gains made yesterday after the company declined the merger offer by Glencore.
U.S. stocks are declining following negative sentiment from the European session. Boeing is trading 1.48% lower today. Goldman Sachs Group Inc is down 1.23%. Apple Inc opened lower declining 0.37%. Microsoft Corp is down 0.98%. Caterpillar Inc lost 1.30% continuing the bearish trend from early September. On the Bullish side, Coca Cola Co. is up 1% reaching a 17% increase in the last 12 months.
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