Stocks Market Review 2nd May
May 2, 2014 11:00 amVideo
Latest News
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
Stocks – Asia
Asian stocks were seen trading mixed on the last day of the trading week as investors focus on the release of the US non-farm payrolls for April, due later in the day.
In Japan, the benchmark Nikkei 225 index dropped 0.19% lower closing the session at 14,4457.51, while Tokyo’s broader Topix index edged 0.02% higher at 1,182.48.
Japan’s industrial company, IHI Corporation saw the most gains on the Nikkei, coming in at 5.15% while Dowa Holdings lost 4.10%.
Japan’s household spending climbed 7.2% in March on a year-on-year basis, compared to analysts forecast of a 1.7% growth in consumption, reports revealed on Friday.
Meanwhile, Hong Kong’s Hang Seng index rose 0.69% trading at 22,287 at the time of writing, while the mainland Chinese Shanghai Composite was closed for a public holiday.
In China, the nation’s largest coal miners, China Shenhua climbed 2.38% higher, while China Unicom lost 4.20%.
China’s Purchasing Managers Index (PMI) came in at 50.4 in April, slightly up from the previous reading of 50.3 seen in March but still lower than analysts’ forecasts of 50.5.
Jobs report
Traders will be focusing on the release of the US non-farm payrolls reports for April, with analysts expecting to see 218,000 new jobs added to the jobs market in April, while unemployment is expected to come in at 6.6% from 6.7%.
Meanwhile, jobs data from the eurozone is expected to show that the unemployment rate remained unchanged in March, standing at 11.9%.
Stocks – Europe
Stocks in Europe were seen falling on Friday, with the Euro Stoxx index falling 0.37% lower to 3,186.70 at the time of writing, while the German DAX edged 0.14% lower to 9,590.54. At the same time the French CAC 40 lost 0.35% to 4,471.67 and the UK benchmark FTSE 100 declined 0.01% to 6,805.50.
Final PMIs
The Purchasing Managers’ Index (PMI) for Spain’s manufacturing sector was at 52.7 points in April, compared to the previous reading of 52.8 points seen in March and down from analysts forecast of a 53.4 rise, reports from Markit Economic showed.
Analysts are forecasting France to post a drop of 50.9 in April, down from the 52.1 reported in March. While the eurozone as a whole is expected to have risen to 53.3 in April, slightly picking up from March’s reading of 53.
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