Stocks in the Asian region were seen climbing on Wednesday, rising for a fourth day after economic data from Japan and before the release of the US Federal Reserve (Fed) policy statement due later in the day.
Japan
The Japanese benchmark Nikkei 225 index rose 0.18% higher, trading at 15,646.23 points, while Tokyo’s Topix index added 0.14% to 1,292.24 points.
In Japan, Shinsei Bank jumped 8.70% after the lender posted a 56% climb in its quarterly profit to 20 billion yen, beating analysts forecasted for 26 billion yen. Honda Motor advanced 3.02% after the car-manufacturers posted a 20% climb in the previous quarter profits.
On the downside, Hitachi Construction Machinery lost 3.29% and Nomura Holdings slid 1.4% to 657 yen, after the brokerage reported a 70% fall in net income to 19.0 billion yen in the June quarter, lower than the market’s estimates for 26 billion yen.
The nation’s industrial production dropped 3.3% in June from May, comings in higher than the previous year’s figure of 3.2%, a reports from the Ministry of Economy, Trade and industry showed.
China
Hong Kong’s Hang Seng index gained 0.93% to 24,868.27 points at the time of writing, while the Chinese benchmark Shanghai Composite edged 0.15% to 2,186.46 points.
Property developer New World development gained 3.56%, while the computer-makers Lenovo fell 1.11% lower.
Federal Reserve
As the market focus on the release of the US Federal Reserve statement from its two-day policy meeting, analysts are expecting the statement to show the Fed trimming its bond purchases by an additional $10 billion to $25 billion per month.
“The communique will state the obvious – that confidence is building owing to an improved growth assessment, but no change is expected on the inflation front, and no change in forward guidance,” Eric Green from TD Securities said in a note on Tuesday evening. “The meeting will not change market expectations for the first rate hike now priced in with 100% probability in June 2015, nor the path of rate hikes thereafter.”
US Economy
Economic reports released on Tuesday showed that the US consumer sentiment improved while the housing section remains weak. The Conference Board’s consumer confidence index climbed to 90.9, the highest since Oct 2007.
Other reports which will be on focus is the government’s labour data on August 1, which may show employers added 231,000 jobs this month.
European Stocks
Stocks in Europe fell on Wednesday, dragged lower by the ongoing geopolitical tensions.
The European Euro Stoxx 50 fell 0.12% lower at 3,186 at the time of writing, while the German DAX edged 0.13% to 9,640.95. At the same time the French CAC 40 index slid 0.35%, trading 4,350.23 and UK’s FTSE 100 declined 0.07% to 6,802.31.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
Asian Stocks
Stocks in the Asian region were seen climbing on Wednesday, rising for a fourth day after economic data from Japan and before the release of the US Federal Reserve (Fed) policy statement due later in the day.
Japan
The Japanese benchmark Nikkei 225 index rose 0.18% higher, trading at 15,646.23 points, while Tokyo’s Topix index added 0.14% to 1,292.24 points.
In Japan, Shinsei Bank jumped 8.70% after the lender posted a 56% climb in its quarterly profit to 20 billion yen, beating analysts forecasted for 26 billion yen. Honda Motor advanced 3.02% after the car-manufacturers posted a 20% climb in the previous quarter profits.
On the downside, Hitachi Construction Machinery lost 3.29% and Nomura Holdings slid 1.4% to 657 yen, after the brokerage reported a 70% fall in net income to 19.0 billion yen in the June quarter, lower than the market’s estimates for 26 billion yen.
The nation’s industrial production dropped 3.3% in June from May, comings in higher than the previous year’s figure of 3.2%, a reports from the Ministry of Economy, Trade and industry showed.
China
Hong Kong’s Hang Seng index gained 0.93% to 24,868.27 points at the time of writing, while the Chinese benchmark Shanghai Composite edged 0.15% to 2,186.46 points.
Property developer New World development gained 3.56%, while the computer-makers Lenovo fell 1.11% lower.
Federal Reserve
As the market focus on the release of the US Federal Reserve statement from its two-day policy meeting, analysts are expecting the statement to show the Fed trimming its bond purchases by an additional $10 billion to $25 billion per month.
“The communique will state the obvious – that confidence is building owing to an improved growth assessment, but no change is expected on the inflation front, and no change in forward guidance,” Eric Green from TD Securities said in a note on Tuesday evening. “The meeting will not change market expectations for the first rate hike now priced in with 100% probability in June 2015, nor the path of rate hikes thereafter.”
US Economy
Economic reports released on Tuesday showed that the US consumer sentiment improved while the housing section remains weak. The Conference Board’s consumer confidence index climbed to 90.9, the highest since Oct 2007.
Other reports which will be on focus is the government’s labour data on August 1, which may show employers added 231,000 jobs this month.
European Stocks
Stocks in Europe fell on Wednesday, dragged lower by the ongoing geopolitical tensions.
The European Euro Stoxx 50 fell 0.12% lower at 3,186 at the time of writing, while the German DAX edged 0.13% to 9,640.95. At the same time the French CAC 40 index slid 0.35%, trading 4,350.23 and UK’s FTSE 100 declined 0.07% to 6,802.31.
Deposit $100 get $100 absolutely FREE! Register with HY Markets today.
http://fb.me/19wnduzNy
The post Stocks Market Report 30th July appeared first on | HY Markets Official blog.
Related Posts: