Asian market rose as the regional index, MSCI, showed its biggest quarterly rally +0.3% since September with seven of its 10 industry sectors advancing upwards. The Bullish movement was induced by significant gains in the technology sector with; Innolux Corp +6.9%, China Telecom Corp +1.6%. Acom Co surged +16% as the Japanese government drafted a review of consumer finance regulations to let approved lenders charge higher interest rates. Investors should expect movements tomorrow with the release of the Chinese manufacturing report and the Japanese Bank survey on business sentiment. The Nikkei increased by 0.4% to 15,162.
The Stoxx Europe 600 was down less than 1 point following a slower than expected pace of inflation in the eurozone, while BNP Paribas SA stocks react to the expected multibillion dollar settlement with U.S authorities. The U.S. Justice Department announce that the French bank will pay nearly $9Billion in settlements. The France’s CAC 40 reversed and fall 0.1%. The U.K’s FTSE 100 moved 0.2% lower and Germany’s DAX picked up 0.2%
The U.S. indices showed little change as the market awaits the NFP and ECB reports later on this week (3rd of July). S&P index opened with a slight 0.03% bearish movement. S&P Futures expiring in September slid less than 0.1% to 1,951.7. However, the S&P has added 6.1% this year and is 0.1% from the record high set in June 20th. The Dow Jones Industrial Average lost a bit less than 0.1% to 16,755.
June 30, 2014 – Indices News
Asian market rose as the regional index, MSCI, showed its biggest quarterly rally +0.3% since September with seven of its 10 industry sectors advancing upwards. The Bullish movement was induced by significant gains in the technology sector with; Innolux Corp +6.9%, China Telecom Corp +1.6%. Acom Co surged +16% as the Japanese government drafted a review of consumer finance regulations to let approved lenders charge higher interest rates. Investors should expect movements tomorrow with the release of the Chinese manufacturing report and the Japanese Bank survey on business sentiment. The Nikkei increased by 0.4% to 15,162.
The Stoxx Europe 600 was down less than 1 point following a slower than expected pace of inflation in the eurozone, while BNP Paribas SA stocks react to the expected multibillion dollar settlement with U.S authorities. The U.S. Justice Department announce that the French bank will pay nearly $9Billion in settlements. The France’s CAC 40 reversed and fall 0.1%. The U.K’s FTSE 100 moved 0.2% lower and Germany’s DAX picked up 0.2%
The U.S. indices showed little change as the market awaits the NFP and ECB reports later on this week (3rd of July). S&P index opened with a slight 0.03% bearish movement. S&P Futures expiring in September slid less than 0.1% to 1,951.7. However, the S&P has added 6.1% this year and is 0.1% from the record high set in June 20th.
The Dow Jones Industrial Average lost a bit less than 0.1% to 16,755.
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