Stocks Market Report 13th August
August 13, 2014 1:00 pmVideo
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Asian Stocks
Stocks in the Asian region were seen swinging in between losses and gains on Wednesday, with Japan’s gross domestic product report (GDP) boosting the region’s stocks while shares in China fell after the nation’s industrial output figures missed estimates.
Japan
The Japanese Nikkei 225 index gained 0.25% to 15,154.42 points at the time of writing, while Tokyo Topix index rose 0.36% to 2,213.49 points at the same time.
In Japan, Mitsumi Electric rallied 6.31%, while shares in Dentsu, the nation’s leading advertising agency jumped 3.2%. While Sumitomo Dainippon Pharma saw the most losses on the Nikkei 225, with shares sliding 2.22%.
The nation’s economy contracted at an annualized 6.8% in the three months through June and contracted 1.7% in the second quarter, according to the preliminary forecasted from Japan’s Cabinet Office.
The contraction was the sharpest in five years and was mainly due to the sharp drop in consumption after the government increased the sales tax from 5% to 8% in April.
China
Hong Kong’s Hang Seng index fell 0.15% to 24,650.07 points, while the mainland Chinese benchmark Shanghai Composite edged 0.34% lower to 2,213.49 points.
The instant noodle-makers Tingyi gained 1.79%, while the computer manufacturers Lenovo lost 2.09% and Eclat Textile tumbled by 6.9% in Taipei after its quarterly profit came in lower than forecasted.
The industrial production in China came in at an annualized 9% in July, compared with forecasts of a 9.2% growth rate. China’s retail sales rose 12.2% in July from the previous year, compared to the 12.4% rise seen in June, while analysts forecasted a 12.5% growth.
The South Korean Kospi index added 0.76% to 2,056.50 points, while the Australian benchmark S&P/ASX 200 index declined 0.39% to 5,508.50 points.
US Labour Market
US jobs openings in June climbed to the highest in over 13 years, according a report released on Tuesday. The figures released will be among the key factors that will help guide Federal Reserve Chair Janet Yellen’s decision over the central bank’s monetary policy.
European Stocks
European stocks were seen trading higher on Wednesday, lifted by the UK’s jobs report, while investors focus on the Inflation figures for august from the Bank of England (BoE) due later in the day.
The European Euro Stoxx 50 climbed 0.88% to 3,050.39 at the time of writing.
In Germany, the nation’s DAX gained 0.93% to 9,153.59 to 9,153.59 at the time of writing. Meanwhile, Germany’s consumer price inflation came in at 0.8% in July on an annual basis, meeting in-line with analysts’ forecasts, according to figures from the Federal Statistical Office.
The French CAC 40 rose 0.75% to 4,193.31, while the nation’s consumer prices grew 0.5% in July on a yearly basis, according to the National institute for Statistics and Economic studies.
The UK’s benchmark FTSE 100 advanced 0.09% to 6,638.01 while the ILO unemployment rate in the UK dropped to 6.4% in the quarter to June, compared to the previous figure of 6.5%, the Office for National Statistics said.
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