{"id":51702,"date":"2014-05-23T09:34:49","date_gmt":"2014-05-23T13:34:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=51702"},"modified":"2014-05-23T09:47:48","modified_gmt":"2014-05-23T13:47:48","slug":"stocks-market-report-23-may","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/05\/stocks-market-report-23-may\/","title":{"rendered":"Stocks Market Report 23 May"},"content":{"rendered":"
May 23, 2014<\/div>
\r\n<\/div><\/div>

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

Stocks – Europe<\/span><\/h2>\n

European stocks were little changed on Friday, after Germany\u2019s first quarter gross domestic product (GDP) came in line with analysts\u2019 forecasts and the German ifo business confidence fell more than predicted.<\/p>\n

The European Euro Stoxx 50 fell 0.06% to 3,187.00 at the time of writing, while the German DAX edged 0.02% lower to 9,719.30. At the same time the French CAC 40 gained 0.5%, trading at 4,480.30 and the UK\u2019s benchmark FTSE 100 slid 0.23% to 6,805.00.<\/span><\/p>\n

Germany<\/span><\/h2>\n

A report from the Federal Statistical Office showed that the German economy grew by 0.8% in the first three months of the year, following the 0.4% growth seen in the final quarter last year.<\/p>\n

Germany\u2019s gross domestic product (GDP) climbed 2.5% in the first quarter on a yearly basis, rising from the 1.3% growth seen in the fourth quarter.<\/p>\n

Meanwhile, Germany\u2019s Ifo Business climate index came in at 110.4 points in May, dropping from the previous figure of 111.2 seen in the previous month, while analysts forecasted a drop to 110.9.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Economic News<\/span><\/h2>\n

Standard & Poor\u2019s upgraded Spain\u2019s rating one level to BBB from BBB- and also raised its estimates for Spain\u2019s average GDP growth rate for 2014-2016 to 1.6% from 1.2%.<\/p>\n

Meanwhile, Greece\u2019s credit rating was increased by one level by Fitch Ratings, raising the nation\u2019s long term debt to B from B-.<\/p>\n

In Italy, the nation\u2019s retail sales edged 0.2% lower in March on a monthly basis, following the reading seen in February and slid 3.5% year-on-year basis, according to data from Italy\u2019s statistical office.<\/p>\n

Stocks – Asia<\/span><\/h2>\n

The Asian stock market saw gains on the last day of the trading week, with stocks in Japan boosted by the nation\u2019s weaker yen.<\/p>\n

Japan<\/span><\/h2>\n

The Japanese benchmark Nikkei 225rallied 0.87%, ending the session at 14,462.17, while Tokyo Topix index climbed 1.22% higher, closing at 1,182.99.<\/p>\n

The nation\u2019s yen fell 101.76 yen against the US dollar at the time of writing, boosting stocks higher. Japan\u2019s electronics giants, Toshiba rose over 1.81%, while Sony dropped by more than 2.31%.<\/p>\n

Mitsubishi Estate shares rose 3.70%, while the Japanese homebuilders, Sekisui House edged 3.64% higher.<\/p>\n

China<\/span><\/h2>\n

Hong Kong\u2019s Hang Seng index added 0.08% to 22,971.00 at the time of writing, while the mainland Chinese benchmark Shanghai Composite gained 0.66%, closing the session at 2,034.57.<\/p>\n

The Chinese property developers, China Overseas and China Resources saw the most gains during the trading session in China, climbing 4.64% and 3.79% respectively.<\/p>\n

The South Korean benchmark Kospi index ticked up 0.08%, closing at 2,017.17, while the Australian S&P\/200 index rose 0.16%, ending the session at 5,488.90.<\/p>\n

 <\/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 23 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 – Europe European stocks were little changed on Friday, after Germany\u2019s first quarter gross domestic product (GDP) came in line with analysts\u2019 forecasts and the German ifo business confidence fell more than predicted. The European Euro Stoxx 50 fell 0.06% to 3,187.00 at the time of writing, while the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-51702","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/51702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=51702"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/51702\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=51702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=51702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=51702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}