Stocks Choppy As Geopolitical Tensions Are On The Rise
August 29, 2014 11:05 amVideo
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August 29, 2014 – Stock Market News
Today’s Hot Asset – Telefonica
Stocks in Asia traded lower during the final trading session of the week. Investors were disappointed during today’s session as they witnessed the release of a plethora of regional negative data. This fundamental data was combined with the rising tensions between Ukraine and Russia and this sent stock value spiraling downwards.
Stocks in Europe are currently trading higher as the session kicks into gear. Negative data released during today’s session has put plenty of pressure on the euro and as a result investors are looking for alternative investment opportunities. This has lead to an increase in interest towards equities today and as a result stock values are rising.
Stocks in the U.S. fell during the penultimate trading session of the week. Investors in the U.S. continued to monitor the ongoings between Ukraine and Russia and this held a lot of investors back causing stock values to fall. The drop in values were not as bad as first expected, as positive regional data helped curb the movement.
Today’s hot asset is, Telefonica. The communications company have succeeded in purchasing Vivendi’s Brazil unit GVT. Telefonica now aim to make themselves the biggest telecom group in the country. Investors will notice this fundamental data and many attractive positions will be created during today’s session.
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