Asian stocks closed mixed following drops in China as a trading link between Hong-Kong and Shanghai might be delayed. In India, the Mumbai index advanced 0.59%. Axis bank added 2.7% after cutting its base rate by 10 points. Tata Motors was down 0.78% while Tata Steel advanced 2.94%.
European stocks opened higher as investors speculate on higher stimulus from the European Central Bank. Barclays PLC advanced 2.31%. Rolls-Royce Holdings PLC dropped 11.64% as RBC Capital reiterated their ‘outperform’ rating on shares. Telefonica S.A showed signs of reversing upwards, according to analysts. Vodafone Group PLC is up 1.49% continuing the bullish movement for the second day.
U.S stocks closed mixed on concerns of a global slowdown and speculation regarding the increase in interest rates by the Federal Reserve. Google declined 1.04% yesterday and has dropped an additional 0.99% in pre-market trading. The search engine giant declined following a decrease in online advertising. According to analysts the shift is generated by a move in users to mobile search engines, an area which Google has not managed to fully capitalize on. Apple Inc . lost 1.30%. The biggest drop was listed with Netflix with 19.37% fall. The stock lost $120 a share within 30 minutes as the company reported coming short on new subscribers registrations.
October 17, 2014, Stock Market News
Asian stocks closed mixed following drops in China as a trading link between Hong-Kong and Shanghai might be delayed. In India, the Mumbai index advanced 0.59%. Axis bank added 2.7% after cutting its base rate by 10 points. Tata Motors was down 0.78% while Tata Steel advanced 2.94%.
European stocks opened higher as investors speculate on higher stimulus from the European Central Bank. Barclays PLC advanced 2.31%. Rolls-Royce Holdings PLC dropped 11.64% as
RBC Capital reiterated their ‘outperform’ rating on shares. Telefonica S.A showed signs of reversing upwards, according to analysts. Vodafone Group PLC is up 1.49% continuing the bullish movement for the second day.
U.S stocks closed mixed on concerns of a global slowdown and speculation regarding the increase in interest rates by the Federal Reserve. Google declined 1.04% yesterday and has dropped an additional 0.99% in pre-market trading. The search engine giant declined following a decrease in online advertising. According to analysts the shift is generated by a move in users to mobile search engines, an area which Google has not managed to fully capitalize on. Apple Inc . lost 1.30%. The biggest drop was listed with Netflix with 19.37% fall. The stock lost $120 a share within 30 minutes as the company reported coming short on new subscribers registrations.
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