Asian stocks fell as the negative sentiment from the U.S. session spilled over. The Bearish trend was triggered by concerns of an economic slowdown in European markets. Axis Bank is down 2.12%. TATA Motors lost 4.5% and TATA Steel is down 3.7%. Gazprom OAO declined 2.46%. European stocks continued to decline following the negative economic growth forecast. In the UK, the FTSE 100 index almost fell to its lowest level since October 2013 Rio Tinto PLC lost 2.69%. BHP Billiton PLC is down 2.28%. Tesco PLC declined 0.88% after a strong rallying last week. In Germany, Deutsche Telekom AG is down 1.16%. U.S. stocks showed a significant decline following the decline in European markets. Stocks have moved quite strongly, leaving investors wondering if they will see an upwards correction during today’s session. Yesterday, Facebook Inc. lost 2.02% after finalizing their deal with ‘Whatsapp’ for a total value of $23B. The social media giant stock dropped after the company announced that it has no current intention to monetize on the messaging service.
October 10, 2014 – Stock Market News
Asian stocks fell as the negative sentiment from the U.S. session spilled over. The Bearish trend was triggered by concerns of an economic slowdown in European markets. Axis Bank is down 2.12%. TATA Motors lost 4.5% and TATA Steel is down 3.7%. Gazprom OAO declined 2.46%.
European stocks continued to decline following the negative economic growth forecast. In the UK, the FTSE 100 index almost fell to its lowest level since October 2013 Rio Tinto PLC lost 2.69%. BHP Billiton PLC is down 2.28%. Tesco PLC declined 0.88% after a strong rallying last week. In Germany, Deutsche Telekom AG is down 1.16%.
U.S. stocks showed a significant decline following the decline in European markets. Stocks have moved quite strongly, leaving investors wondering if they will see an upwards correction during today’s session. Yesterday, Facebook Inc. lost 2.02% after finalizing their deal with ‘Whatsapp’ for a total value of $23B. The social media giant stock dropped after the company announced that it has no current intention to monetize on the messaging service.