Asian stocks declined due to concerns of a negative global outlook. Stocks in China ended lower as the Hang-Seng index dropped 0.68% but the Shanghai Composite advanced 0.80% reaching its highest level since February 2013 as markets re opened from public holidays. In India, Axis Bank rose 0.87% following a rebound in the Nifty index. TATA motors lost 1.02% and Gazprom OAO is 2.02% down .
Negative sentiment continued in European markets after the IMF cut their global growth forecast. Negative sentiment from the U.S. also spilled over and added to the bullish pressure. In Germany, the DAX index was pulled down as SAP SE fell 3.63% reaching an eight week low. Deutsche Lufthansa AG is down 2.31% as pilots continue strikes. On the bullish side investors sew Tesco rising by an additional 1.83%, moving upwards for a third day. Rolls-Royce Holdings Plc added 3.88%.
U.S. stocks closed lower yesterday with all three main indexes declining. Ford Motors Co. dropped 2.89% as the stock reached a 52 week low after Morgan Stanley said that overseas automakers are cutting into Ford’s domestic segment. Facebook lost 1.63% but is up 0.45% in pre-market trading. The social network giant announced it would not allow advertisers to target users based on location.
October 8, 2014 – Stock Market News
Asian stocks declined due to concerns of a negative global outlook. Stocks in China ended lower as the Hang-Seng index dropped 0.68% but the Shanghai Composite advanced 0.80% reaching its highest level since February 2013 as markets re opened from public holidays. In India, Axis Bank rose 0.87% following a rebound in the Nifty index. TATA motors lost 1.02% and Gazprom OAO is 2.02% down .
Negative sentiment continued in European markets after the IMF cut their global growth forecast. Negative sentiment from the U.S. also spilled over and added to the bullish pressure. In Germany, the DAX index was pulled down as SAP SE fell 3.63% reaching an eight week low. Deutsche Lufthansa AG is down 2.31% as pilots continue strikes. On the bullish side investors sew Tesco rising by an additional 1.83%, moving upwards for a third day. Rolls-Royce Holdings Plc added 3.88%.
U.S. stocks closed lower yesterday with all three main indexes declining. Ford Motors Co. dropped 2.89% as the stock reached a 52 week low after Morgan Stanley said that overseas automakers are cutting into Ford’s domestic segment. Facebook lost 1.63% but is up 0.45% in pre-market trading. The social network giant announced it would not allow advertisers to target users based on location.
Related Posts: