Indices Correcting Previous Drop
August 11, 2014 11:50 amVideo
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August 11, 2014 – Indices News
Asian stocks rose and Shanghai Composite increased by 1.36 %, Hang-Seng added 1.29% and the Nikkei gained 2.38%. The positive turn from last week bearish markets is due to easing geopolitical tension. Russian army should withdraw troops from the Ukraine border and Middle East agreed for another 3 days ceasefire. Additionally, a positive projection on China’s industrial production which will be released on the 13th this month pulling the market up.
European stocks started with increase on Monday after two-weeks of bearish markets. The FTSE 100 has been rising 0.73%, DAX is up by 1.57% and the CAC40 increased by 0.76%. The upwards movement was induced by the lower tensions in the Ukraine and positive stock data from Asia and U.S.
U.S stocks closed strong on Friday as the S&P 500 (+1.15%) and the Dow Jones (+1.13%) posted their best day since March. The NASDAQ advanced by 0.83%. After hours trading continued positively.
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