Asian stocks were little changed following five days of bullish movement. In China, the Shanghai Composite added 0.57% while the Hang-Seng was unchanged following weaker than expected results on the Yearly Foreign Direct Investment report. The Nikkei showed moderated movement, gaining 0.03% due to conflicting sentiment stemming from a strong performance by Nintendo Co Ltd and a higher yen.
European stocks rose as investors saw additional signs of easing tension in the Ukraine. The FTSE 100 climbed 0.72% as mining firms, namely Rio Tinto PLC, rose and house builders declined following the BOE’s hinting of a potential increase in the interest rate. The DAX added 1.53% as automakers regained some of last week’s losses. The French CAC 40 added 1.28%. Leading this bullish movement was Renault, a leading automaker, which added 3.1% to its share price.
Amid an ease in tensions in the Ukraine, U.S stocks opened positively following mixed results at the end of last week. The S&P 500, however, showed little change as Monster Beverage Corp. added 30.48% due to a purchase by Coca Cola of 17% of its stock. The NASDAQ is up 0.77%. The Dow-Jones is up 0.92% despite earlier declines from General Electric Corp. and Intel.
August 18, 2014 – Indices News
Asian stocks were little changed following five days of bullish movement. In China, the Shanghai Composite added 0.57% while the Hang-Seng was unchanged following weaker than expected results on the Yearly Foreign Direct Investment report. The Nikkei showed moderated movement, gaining 0.03% due to conflicting sentiment stemming from a strong performance by Nintendo Co Ltd and a higher yen.
European stocks rose as investors saw additional signs of easing tension in the Ukraine. The FTSE 100 climbed 0.72% as mining firms, namely Rio Tinto PLC, rose and house builders declined following the BOE’s hinting of a potential increase in the interest rate. The DAX added 1.53% as automakers regained some of last week’s losses. The French CAC 40 added 1.28%. Leading this bullish movement was Renault, a leading automaker, which added 3.1% to its share price.
Amid an ease in tensions in the Ukraine, U.S stocks opened positively following mixed results at the end of last week. The S&P 500, however, showed little change as Monster Beverage Corp. added 30.48% due to a purchase by Coca Cola of 17% of its stock. The NASDAQ is up 0.77%. The Dow-Jones is up 0.92% despite earlier declines from General Electric Corp. and Intel.
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