{"id":52542,"date":"2014-06-10T09:07:42","date_gmt":"2014-06-10T13:07:42","guid":{"rendered":"http:\/\/countingpips.com\/?p=52542"},"modified":"2014-06-10T09:18:26","modified_gmt":"2014-06-10T13:18:26","slug":"stocks-market-report-10th-june","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/stocks-market-report-10th-june\/","title":{"rendered":"Stocks Market Report 10th June"},"content":{"rendered":"
June 10, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Stocks – Asia<\/span><\/h2>\n

Stocks across the Asian region were seen swinging between losses and gains on Tuesday, with equities in China boosted by the positive inflation figures in May. While shares in the US climbed to a fresh record high over night.<\/p>\n

The Japanese benchmark Nikkei 225 index slid 0.85% lower, closing at 14,994.80, while Tokyo\u2019s Topix index lost 0.65% to 1,226.60.<\/span><\/p>\n

The Japanese multinational corporation Minebea gained 2.67%, while shares in Oji Holdings lost 3.19%.<\/p>\n

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

Hong Kong\u2019s Hang Seng Index edged 0.75% higher to 23,296.06 at the time of writing, while the Chinese benchmark Shanghai Composite added 0.94% to 2,050.77 at the same time.<\/p>\n

The oil and gas company China Petroleum & Chemical saw the most gains on the Hang Seng index, rising 2.10% in shares, while the communications group China Unicom gained 1.91%. Casino stocks fell with Galaxy Entertainment sliding 2.73% lower and Sands China falling 2.17% after the Macau Monetary Authority ordered casino shops to remove their UnionPay card terminals by July 1.<\/p>

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China\u2019s consumer prices climbed by 2.5% in May from the previous year, following the growth of 1.8% recorded in the previous month, the National Bureau of Statistics reported on Tuesday. The figure came in higher than analysts\u2019 estimates of a 2.4% increase in May.<\/p>\n

The Producer Price Index (PPI) dropped 1.4% in May year-on-year, following the rise of 2% seen in April and compared to analysts\u2019 forecasts of a 1.5% decline in May.<\/p>\n

Meanwhile the People\u2019s Bank of China announced a cut in Reserve Requirement Ratio\u2019s (RRR) on Monday for lenders in Asia\u2019s largest economy to boost domestic demand. Banks with high levels of lending to small business and agricultural firms will see a cut of 0.5% in their RRR as of June, the central bank\u2019s website stated on their website.<\/p>\n

Australia<\/span><\/h2>\n

Markets resumed with the benchmark S&P\/ASX 200 index edged 0.09% higher, closing at 5,468.70.<\/p>\n

ANZ\u2019s Job advertisement series posted a drop of 5.6% in advertised jobs in May, while NAB\u2019s Business Confidence Index came in at 7 points in May and the Business Conditions index slid to -1 from zero.<\/p>\n

Stocks – Europe<\/span><\/h2>\n

European stocks were traded mixed on Tuesday as reports for the industrial production in the UK, France and Italy came in line with estimates.<\/p>\n

The European Euro Stoxx 50 rose 0.18% to 3,311.05 at the time of writing, while the German DAX climbed 0.16% to 10,024.91, after the gauge reached a record-high of 10,032.99 earlier during the session.<\/p>\n

Meanwhile the French CAC added 0.12% to 4,594.27 at the same while, while UK\u2019s benchmark FTSE 100 lost 0.44% to 6,844.51.<\/p>\n

Industrial Production<\/span><\/h2>\n

Reports from the National Statistics showed that the Industrial production in the UK climbed 0.4% on a monthly basis, following the rise of 0.1% seen in March.<\/p>\n

The release from France\u2019s National Statistics institute showed that the nation\u2019s industrial production rose 0.3% in April on a monthly basis, compared to the 0.4% fall posted in the previous month. France\u2019s manufacturing production rose 0.3% in April.<\/p>\n

In Italy, the country\u2019s Industrial output climbed 0.7% in April on a monthly basis, following the 0.4% fall seen in the previous month, reports showed. Meanwhile, on a yearly and workday-adjusted basis it rose 1.6%<\/p>\n

A separate report from the Italian Statistical Office showed the nation\u2019s gross domestic product data for the first quarter fell 0.1% on a quarterly basis, compared to the 0.1% rise seen during the last three months last year. While on a year-on-year basis, Italy\u2019s economy contracted 0.5% in the first quarter.<\/p>\n

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The post Stocks Market Report 10th June<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Stocks – Asia Stocks across the Asian region were seen swinging between losses and gains on Tuesday, with equities in China boosted by the positive inflation figures in May. While shares in the US climbed to a fresh record high over night. The Japanese benchmark Nikkei 225 index slid 0.85% […]<\/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-52542","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52542","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=52542"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52542\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=52542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=52542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=52542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}