{"id":50537,"date":"2014-05-06T08:51:25","date_gmt":"2014-05-06T12:51:25","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=50537"},"modified":"2014-05-06T08:51:26","modified_gmt":"2014-05-06T12:51:26","slug":"stocks-market-report-6th-may-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/06\/stocks-market-report-6th-may-2\/","title":{"rendered":"Stocks Market Report 6th May"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Stocks in Europe were seen trading higher on Tuesday as investors focus on the monthly reports on final services PMI\u2019s for April from some region\u2019s major economies.<\/p>\n

The European Euro Stoxx 50 rose 0.12% higher to trade at 3,175.50 at the time of writing, while the German DAX gained 0.11% to 9,539.80. At the same time the French CAC 40 edged 0.17% higher to 4,470.30, while the UK\u2019s benchmark FTSE 100 slid 0.12% to 6,814.30.<\/span><\/p>\n

Services PMI<\/span><\/h2>\n

The eurozone\u2019s services PMI for April rose to a three-year higher.\u00a0 Eurozone\u2019s final Purchasing Managers\u2019 Index (PMI) for the services sector climbed 53.1 points in April, expanding for the ninth month in a row.<\/p>\n

In Spain, the nation\u2019s services Purchasing Managers\u2019 Index (PMI) for April advanced from 54 points to 56.5 points in April, surpassing analysts\u2019 forecast of 54.2 points.<\/p>\n

Italy\u2019s services PMI expanded to 51.1 points from the previous figure of 49.5 points in March, while analysts forecasted a reading of 50.5 points.<\/p>\n

Germany\u2019s services sector grew to 54.7 points in April from 53 points in the previous month, but missed analysts\u2019 estimates of a 55 rise.<\/p>\n

In France, the country\u2019s services PMI reading came in at 50.4 points in April, dropping from the previous reading of 51.5 seen in March, however slightly above analysts forecast of 50.3.<\/p>\n

While analysts wait for the services PMI from the UK, analysts are expecting to see a slight rise to 57.8 points from the 57.6 in March.<\/p>\n

Stocks – Asia<\/span><\/h2>\n

Stock markets in Asia were mostly closed on Tuesday for public holiday. With the markets in Japan closed for Greenery Day while South Korea\u2019s stock market closed for the second day this week and Hong Kong were shut for the celebration day of Buddha\u2019s birthday.<\/p>\n

The mainland Chinese benchmark Shanghai Composite climbed 0.47% higher to 2,036.83 at the time of writing after Monday\u2019s fall after the China\u2019s manufacturing gauge contracted for the fourth month in a row.<\/p>\n

HSBC\u2019s Purchasing Managers\u2019 Index (PMI) for April came in at 48.1 from 48.3, coming in lower than analysts forecast of 48.4. Readings below 50 indicates contraction.<\/p>\n

Stocks – Australia<\/span><\/h2>\n

Sydney\u2019s benchmark S&P\/ASX 200 index rose 0.28% higher trading higher at 5,477.70 at the time of writing, while the Reserve Bank of Australia (RBA) decided to hold its benchmark interest rate at a record-low 2.5%.<\/p>\n

\u201cThere has been some improvement in indicators for the labour market,\u201d RBA Governor\u00a0Glenn Stevens\u00a0said in a statement accompanying the decision. \u201cBut it will probably be some time yet before unemployment declines consistently.\u201d<\/p>\n

 <\/p>\n

Visit<\/i><\/strong>\u00a0<\/i><\/b>www.hymarkets.com \u00a0<\/a>\u00a0to find out more about our products\u00a0<\/i><\/b>and start trading today with only $50 using the latest trading technology today<\/i><\/strong><\/p>\n

The post Stocks Market Report 6th May<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Stocks in Europe were seen trading higher on Tuesday as investors focus on the monthly reports on final services PMI\u2019s for April from some region\u2019s major economies. The European Euro Stoxx 50 rose 0.12% higher to trade at 3,175.50 at the time of writing, while the German DAX gained 0.11% … <\/p>\n

Continue reading “Stocks Market Report 6th May”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-50537","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=50537"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=50537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=50537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=50537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}