Stocks in Asia were seen trading higher on Tuesday, boosted by the upbeat US data released.
The Japanese benchmark Nikkei 225 index edged 0.05% higher, closing at 15,376.24 points, while Tokyo’s Topix index climbed 0.08% to 1,268.50 points. The glass-product manufacturer Nippon electric Glass added 2.71%, while Isuzu Motors and Hino Motors gained 2.04% and 3.03% respectively. However, the Japanese oil company Inpex Corp slid 3.3% as investors raise worries over the turmoil in Iraq could disrupt the nation’s oil supplies.
China
Hong Kong’s Hang Seng index rose 0.40% higher at 22,896.21 points at the time of writing, while China’s benchmark Shanghai Composite edged 0.24% higher to 2,029.212 points.
China Resources Enterprise was leading gains on the Hang Seng Index by rising 1.67%, while the global sourcing firm Li & Fung added 1.47%. Oil companies, Kunlun Energy and Cnooc slid in shares, falling by 0.94% and 1.31% respectively.
China’s Conference Board Leading Economic Index (LEI), an index which combines economic indicators such as bank loans, consumer forecasts and manufacturing orders; rose to 0.7% in May, according to the latest report.
“While the Leading Economic Index for China increased in May, its rate of increase has slowed considerably in recent months. The LEI, and its underlying components, suggest continued weaknesses in China’s real economy in the coming months,” Conference Board economist Jing Sima commented.
The South Korean benchmark Kospi index rose 0.98% higher, closing at 1,994.35 points, while the Australian S&P/ASX 200 index slid 0.30% lower at 5,437.20 points.
In Australia, Ten Network Holdings climbed 8.0%, while the clothing retailer Kathmandu lost 11.75%.
US Economy
Data released yesterday revealed that existing home sales in the US climbed 4.9% to 4.89 million annualized rate in May, up from the previous figure of 4.65 million recorded in the previous month while analysts forecasted a rise of 4.73 million.
A separate report from Markit Economics showed that the flash Managers Index for the US manufacturing sector grew to 57.5 points in June from 56.4 recorded in the previous month.
Stocks – Europe
European stocks posted slight gains on Tuesday as investors focus on Germany’s business confidence index as well as speeches from the European central Bank and Bank of England officials.
The European Euro Stoxx 50 climbed 0.20% higher, opening at 3,289.07, while the German DAX gained 0.13% to 9,934.47 at the time of writing. At the same time, UK’s benchmark FTSE 100 added 0.11% to 6,808.31, while the French CAC 40 opened 0.30% higher, to 4,529.02.
In Germany, the ifo institute’s business climate index is forecasted to show a fall to 110.2 points in June, compared to the reading of 110.4 seen in the previous month. The ifo current assessment gauge is expected to show a slight rise to 114.9 from 114.8 recorded in the previous month.
Meanwhile, European Central Bank (ECB) executive board member Benoit Coeure is expected to give a speech in Frankfurt, Germany, while Bank of England Governor Mark Carney is scheduled to speak before the Treasury Committee on the bank’s inflation report.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
Stocks – Asia
Stocks in Asia were seen trading higher on Tuesday, boosted by the upbeat US data released.
The Japanese benchmark Nikkei 225 index edged 0.05% higher, closing at 15,376.24 points, while Tokyo’s Topix index climbed 0.08% to 1,268.50 points. The glass-product manufacturer Nippon electric Glass added 2.71%, while Isuzu Motors and Hino Motors gained 2.04% and 3.03% respectively. However, the Japanese oil company Inpex Corp slid 3.3% as investors raise worries over the turmoil in Iraq could disrupt the nation’s oil supplies.
China
Hong Kong’s Hang Seng index rose 0.40% higher at 22,896.21 points at the time of writing, while China’s benchmark Shanghai Composite edged 0.24% higher to 2,029.212 points.
China Resources Enterprise was leading gains on the Hang Seng Index by rising 1.67%, while the global sourcing firm Li & Fung added 1.47%. Oil companies, Kunlun Energy and Cnooc slid in shares, falling by 0.94% and 1.31% respectively.
China’s Conference Board Leading Economic Index (LEI), an index which combines economic indicators such as bank loans, consumer forecasts and manufacturing orders; rose to 0.7% in May, according to the latest report.
“While the Leading Economic Index for China increased in May, its rate of increase has slowed considerably in recent months. The LEI, and its underlying components, suggest continued weaknesses in China’s real economy in the coming months,” Conference Board economist Jing Sima commented.
The South Korean benchmark Kospi index rose 0.98% higher, closing at 1,994.35 points, while the Australian S&P/ASX 200 index slid 0.30% lower at 5,437.20 points.
In Australia, Ten Network Holdings climbed 8.0%, while the clothing retailer Kathmandu lost 11.75%.
US Economy
Data released yesterday revealed that existing home sales in the US climbed 4.9% to 4.89 million annualized rate in May, up from the previous figure of 4.65 million recorded in the previous month while analysts forecasted a rise of 4.73 million.
A separate report from Markit Economics showed that the flash Managers Index for the US manufacturing sector grew to 57.5 points in June from 56.4 recorded in the previous month.
Stocks – Europe
European stocks posted slight gains on Tuesday as investors focus on Germany’s business confidence index as well as speeches from the European central Bank and Bank of England officials.
The European Euro Stoxx 50 climbed 0.20% higher, opening at 3,289.07, while the German DAX gained 0.13% to 9,934.47 at the time of writing. At the same time, UK’s benchmark FTSE 100 added 0.11% to 6,808.31, while the French CAC 40 opened 0.30% higher, to 4,529.02.
In Germany, the ifo institute’s business climate index is forecasted to show a fall to 110.2 points in June, compared to the reading of 110.4 seen in the previous month. The ifo current assessment gauge is expected to show a slight rise to 114.9 from 114.8 recorded in the previous month.
Meanwhile, European Central Bank (ECB) executive board member Benoit Coeure is expected to give a speech in Frankfurt, Germany, while Bank of England Governor Mark Carney is scheduled to speak before the Treasury Committee on the bank’s inflation report.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
http://fb.me/19wnduzNy
The post Stocks Market Report 24th June appeared first on | HY Markets Official blog.
Related Posts: