Asian stocks deceased as investors demand for safe-haven assets raised on the shoot down of the Malaysian airplane and escalation in Gaza. The Nikkei is down -1.01%, Heng Seng slided -0.41%. Malaysian Airline System Bhd. dropped 11%. Toyota Motor Corp decreased for the 2nd day an row, dropping an additional 0.7% and accounting for the largest drag on the regional index. The MSCI index slided 0.3% as all 10 industry groups in Hong Kong retraced last week movement. Chinese stocks rose following the biggest advance of the real-estate sector in 3 months. The two largest Chinese developers, China Vanke Co. AND Poly Real Estate Group Co. increased by 3%. The Shanghai Composite Index added 0.2%. According to Bloomberg, the bullish movement is associated with “the loosening of property policies and it’s likely to continue”.
European markets declined on the additional escalation between Russia and the Ukraine. FTSE 100 declined 0.53%, the Dax dropped 0.69% while the CAC 40 slide 0.41%. Travel companies declined after announcing they will not fly above eastern Ukraine. Air France-KLM dropped 2.6%.
U.S. stocks upwards momentum have been influenced by the plane shot down over Ukraine and the escalation in Gaza. Pre-market data shows the S&P 500 , NASDAQ and Dow Jones are all experienced a moderate down slide. However, later today investors will be expecting the 2nd quarterly earnings of:
GE – which is expected to report earnings of 30 cents a share on revenue of $36.35B.
Google – posted yesterday (after market hours) 2nd quarter net income of $3.42B, a $4.99 a share – a 22 cents increase from the same period last year.
July 18, 2014 – Indices News
Asian stocks deceased as investors demand for safe-haven assets raised on the shoot down of the Malaysian airplane and escalation in Gaza. The Nikkei is down -1.01%, Heng Seng slided -0.41%. Malaysian Airline System Bhd. dropped 11%. Toyota Motor Corp decreased for the 2nd day an row, dropping an additional 0.7% and accounting for the largest drag on the regional index. The MSCI index slided 0.3% as all 10 industry groups in Hong Kong retraced last week movement. Chinese stocks rose following the biggest advance of the real-estate sector in 3 months. The two largest Chinese developers, China Vanke Co. AND Poly Real Estate Group Co. increased by 3%. The Shanghai Composite Index added 0.2%. According to Bloomberg, the bullish movement is associated with “the loosening of property policies and it’s likely to continue”.
European markets declined on the additional escalation between Russia and the Ukraine. FTSE 100 declined 0.53%, the Dax dropped 0.69% while the CAC 40 slide 0.41%. Travel companies declined after announcing they will not fly above eastern Ukraine. Air France-KLM dropped 2.6%.
U.S. stocks upwards momentum have been influenced by the plane shot down over Ukraine and the escalation in Gaza. Pre-market data shows the S&P 500 , NASDAQ and Dow Jones are all experienced a moderate down slide. However, later today investors will be expecting the 2nd quarterly earnings of:
GE – which is expected to report earnings of 30 cents a share on revenue of $36.35B.
Google – posted yesterday (after market hours) 2nd quarter net income of $3.42B, a $4.99 a share – a 22 cents increase from the same period last year.
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