Stocks in Asia were seen kicking off the week lower on Monday as investors continue to focus on the situation in Iraq, while stocks in Japan was dragged lower by the firmer yen.
Japan
Tokyo’s Topix index fell 0.76% lower, ending the session at 1,234.62 points, while Japan’s benchmark Nikkei 225 index lost 1.09%, closing at 14,933.29 points at the time of writing.
The Japanese yen rose , approaching its strongest in four months against the 18-nation euro, while against the US dollar, the yen held around 101.78 yen on Monday. The firmer yen weighed on exports, with Casio Computer falling 3.14% in shares, Nitto Boseki slid 3.11% and Mitsubishi Heavy Industries lost 2.45%.
Nippon Electric Glass saw the most gains on the Nikkei 225 index, gaining 2.73%, while the electronic makers Tokyo Electron rose 2.18%.
China
Hong Kong’s Hang Seng index declined 0.17%, trading at 23,278.51 points at the time of writing, while the Chinese mainland benchmark Shanghai Composite gained 0.16% to 2,073.98 points.
Shares in China Resources Power added 1.78%, while the property developer Sino Land rose 1.26%, while Casino operator Galaxy Entertainment slid 2.06% lower.
The South Korean Kospi index retreated 0.14%, closing at 1,993.59 points.
Australia
In Sydney, the benchmark S&P/ASX 200 index edged 0.09% higher, closing at 5,410.10 points.
Medusa Mining were the session’s biggest winner in Australia, with shares climbing 6.78%, while Echo Entertainment gained 7.6% after the casino operator said its earnings for the current fiscal year between A$430 million and A$435 million.
Stocks – Europe
European stocks fell on Monday as the market awaits May’s final consumer prices report for the euro-bloc.
The European Euro Stoxx 50 lost 0.36% to 3,269.50 at the time of writing, while the German DAX slid 0.17% lower to 9,884.80. The French CAC 40 fell 0.20% to 4,526.30 and UK’s benchmark FTSE 100 edged 0.08% lower to 6,772.30.
Consumer Prices Ahead
Eurozone’s consumer prices figures for May is forecasted to show a climb of 0.5% on an annual basis, from 0.7% recorded in April. While on a month-on-month basis, prices are expected to fall 0.1%, compared to the 0.2% gain seen in the previous month.
Meanwhile, the European Commission President Jose Manuel Barroso is expected to give a speech in Spain later in the day.
Federal Reserve
The Federal Reserve’s two-day monthly policy meeting begins on Tuesday and will be the main focus for the week. The market predicts the central bank will continue to taper its asset purchases by $10 billion a month, which will cut the monthly bond purchases to $35 billion.
The Federal Open Market Committee is also expected to post its economic forecasts and interest rate estimates.
Iraq
The ongoing turmoil in Iraq, the world’s second biggest oil producer; continues to remain in the spotlight as Islamist militants gained control of the northern territory of the nation’s capital, Baghdad and continue to move towards the oil fields and refineries.
According to reports, they have taken over the town of Baiji, where Iraq’s largest oil refinery is based with a capacity of 310,000 barrels a day.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
Stocks – Asia
Stocks in Asia were seen kicking off the week lower on Monday as investors continue to focus on the situation in Iraq, while stocks in Japan was dragged lower by the firmer yen.
Japan
Tokyo’s Topix index fell 0.76% lower, ending the session at 1,234.62 points, while Japan’s benchmark Nikkei 225 index lost 1.09%, closing at 14,933.29 points at the time of writing.
The Japanese yen rose , approaching its strongest in four months against the 18-nation euro, while against the US dollar, the yen held around 101.78 yen on Monday. The firmer yen weighed on exports, with Casio Computer falling 3.14% in shares, Nitto Boseki slid 3.11% and Mitsubishi Heavy Industries lost 2.45%.
Nippon Electric Glass saw the most gains on the Nikkei 225 index, gaining 2.73%, while the electronic makers Tokyo Electron rose 2.18%.
China
Hong Kong’s Hang Seng index declined 0.17%, trading at 23,278.51 points at the time of writing, while the Chinese mainland benchmark Shanghai Composite gained 0.16% to 2,073.98 points.
Shares in China Resources Power added 1.78%, while the property developer Sino Land rose 1.26%, while Casino operator Galaxy Entertainment slid 2.06% lower.
The South Korean Kospi index retreated 0.14%, closing at 1,993.59 points.
Australia
In Sydney, the benchmark S&P/ASX 200 index edged 0.09% higher, closing at 5,410.10 points.
Medusa Mining were the session’s biggest winner in Australia, with shares climbing 6.78%, while Echo Entertainment gained 7.6% after the casino operator said its earnings for the current fiscal year between A$430 million and A$435 million.
Stocks – Europe
European stocks fell on Monday as the market awaits May’s final consumer prices report for the euro-bloc.
The European Euro Stoxx 50 lost 0.36% to 3,269.50 at the time of writing, while the German DAX slid 0.17% lower to 9,884.80. The French CAC 40 fell 0.20% to 4,526.30 and UK’s benchmark FTSE 100 edged 0.08% lower to 6,772.30.
Consumer Prices Ahead
Eurozone’s consumer prices figures for May is forecasted to show a climb of 0.5% on an annual basis, from 0.7% recorded in April. While on a month-on-month basis, prices are expected to fall 0.1%, compared to the 0.2% gain seen in the previous month.
Meanwhile, the European Commission President Jose Manuel Barroso is expected to give a speech in Spain later in the day.
Federal Reserve
The Federal Reserve’s two-day monthly policy meeting begins on Tuesday and will be the main focus for the week. The market predicts the central bank will continue to taper its asset purchases by $10 billion a month, which will cut the monthly bond purchases to $35 billion.
The Federal Open Market Committee is also expected to post its economic forecasts and interest rate estimates.
Iraq
The ongoing turmoil in Iraq, the world’s second biggest oil producer; continues to remain in the spotlight as Islamist militants gained control of the northern territory of the nation’s capital, Baghdad and continue to move towards the oil fields and refineries.
According to reports, they have taken over the town of Baiji, where Iraq’s largest oil refinery is based with a capacity of 310,000 barrels a day.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
http://fb.me/19wnduzNy
The post Stocks Market Report 16th June appeared first on | HY Markets Official blog.
Related Posts: