Indices Has Been Slightly Decreasing After Steep Increase
July 17, 2014 12:50 pm
July 17, 2014 – Indices News
Asian stocks showed a moderate decrease after the regional index reached a six year high. Shanghai Composite -0.57%, Heng Seng -0.01% and Nikkei -0.06%. The bearish trend is associated with the slid in technology firms and an increase in material and industrial shares. Today downwards movement comes after three days of bullish influence from the U.S 2Q earning reports session and according to a number of analysts, “The market can still rally in front of an improvement in earnings”.
European stocks respond negatively to the sanctions on Russia imposed yesterday by the EU and the U.S. The FTSE 100 slided -0.63%, DAX decreased is -0.78% and CAC 40 dropped -1.06%. At the moment it seems that investors are very cautious over Portuguese banks and will await important data from the U.S markets before making decisions. This, together with the sanctions on Russia, which were the most aggressive to date, The EU and U.S have targeted Russian companies including OAO Rosneft (the largest oil company in Russia), the natural gas producer OAO Novatek, OAO Gazprombank – the 3rd largest lender and 8 defense firms.
U.S stocks open on a bearish trend as in pre-market quotes the S&P 500 decreased by -0.48%, the NASDAQ is down -0.53% and the Dow Jones slides -0.26% after reaching a new record yesterday. An additional contributor for the bearish trend is the Obama and EU parliament announcement on the new and more intense sanctions on Russia. SanDisk Corp. dropped -8.2% after position profit and sales forecasts the fell short of analysts estimates. Morgan Stanley moving up after reporting higher than expected financial results. UnitedHealth Group inc. and Ebay Inc. followed the same direction after beating earning estimates.
July 17, 2014 – Indices News
Asian stocks showed a moderate decrease after the regional index reached a six year high. Shanghai Composite -0.57%, Heng Seng -0.01% and Nikkei -0.06%. The bearish trend is associated with the slid in technology firms and an increase in material and industrial shares. Today downwards movement comes after three days of bullish influence from the U.S 2Q earning reports session and according to a number of analysts, “The market can still rally in front of an improvement in earnings”.
European stocks respond negatively to the sanctions on Russia imposed yesterday by the EU and the U.S. The FTSE 100 slided -0.63%, DAX decreased is -0.78% and CAC 40 dropped -1.06%. At the moment it seems that investors are very cautious over Portuguese banks and will await important data from the U.S markets before making decisions. This, together with the sanctions on Russia, which were the most aggressive to date, The EU and U.S have targeted Russian companies including OAO Rosneft (the largest oil company in Russia), the natural gas producer OAO Novatek, OAO Gazprombank – the 3rd largest lender and 8 defense firms.
U.S stocks open on a bearish trend as in pre-market quotes the S&P 500 decreased by -0.48%, the NASDAQ is down -0.53% and the Dow Jones slides -0.26% after reaching a new record yesterday. An additional contributor for the bearish trend is the Obama and EU parliament announcement on the new and more intense sanctions on Russia. SanDisk Corp. dropped -8.2% after position profit and sales forecasts the fell short of analysts estimates. Morgan Stanley moving up after reporting higher than expected financial results. UnitedHealth Group inc. and Ebay Inc. followed the same direction after beating earning estimates.
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