{"id":52628,"date":"2014-06-11T08:33:30","date_gmt":"2014-06-11T12:33:30","guid":{"rendered":"http:\/\/countingpips.com\/?p=52628"},"modified":"2014-06-11T09:55:29","modified_gmt":"2014-06-11T13:55:29","slug":"stocks-market-report-11th-june","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/stocks-market-report-11th-june\/","title":{"rendered":"Stocks Market Report 11th June"},"content":{"rendered":"
June 11, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Stocks – Asia<\/span><\/h2>\n

Stocks in Asia were seen trading flat on Wednesday after the quite session in the US; meanwhile the World Bank cut its global economic growth forecasts which could weigh on stocks.<\/p>\n

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

The Japanese benchmark Nikkei 225 index rose 0.50% higher, closing at 15,069.48 points, while Tokyo\u2019s Topix index gained 0.84% to 1,239.07 points.<\/span> The Japanese material manufacturer Unitika climbed 4.65% higher in shares; while Takara Holdings rose 3.49% and the Electronic Company Yaskawa Electric slid 1.53% lower. The Business Survey index revealed that Japan\u2019s manufacturing levels is forecasted to weaken in the second quarter, as it fell to -13.9 points in the June quarter from the last quarter\u2019s reading of 12.5 points. The nation\u2019s domestic economy sentiment was weakened by the sale tax hike on April, which also dragged demand lower. Business in Japan is expected to climb by the third quarter, with estimates of 16 in the three months between July until September, and 13.9 for the October \u2013 December period.<\/p>\n

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

Hong Kong\u2019s Hang Seng index fell 0.23% lower to 23,262.86 points at the time of writing, while the Chinese benchmark Shanghai Composite gained 0.12%, ending the session at 2,054.95 points. Casino stocks bounced back from previous losses and saw the most gains on the Hang Seng Index, with both Galaxy Entertainment and Sands China rising 3.66% higher, while the communications company China Mobile lost 1.95%.<\/p>\n

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

In Sydney, the benchmark S&P\/ASX 200 index slid 0.29% lower, closing the session at 5,453.99 points. Acrux rallied 10.90, while Downer EDI fell 11.15% lower, its biggest fall since January 2011. The decline came after the cancellation of a mining contract with BHP Billiton worth A$360 million.<\/p>\n

World Bank Global Outlook<\/span><\/h2>\n

The World Bank cut its global forecast for the economic growth outlook on Tuesday. The bank predicts the world economy will grow by 2.8% this year, down from the forecasts made of 3.2% made in January. While for developing countries, the bank forecasts a growth of 4.8% is expected to be seen this year, lower than the previous estimates of 5.3% made in January. China, the world\u2019s second largest economy, is expected to expand by 7.6% this year, “If a hard landing occurs, the reverberations across Asia would be widely felt,” the bank said. Forecasts for the US economy, the world\u2019s largest, was cut to 2.1% from the previous estimates of 2.8% this year.<\/p>

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Stocks – Europe<\/span><\/h2>\n

Stocks in the European region were seen falling on Wednesday. The European Euro stoxx 50 slid 0.20% lower to 3,307.14 at the time of writing, while the German DAX fell 0.23% to 10,005.87 at the time of writing. The French CAC 40 edged 0.39% lower to 4,576.90, while UK\u2019s benchmark FTSE lost 0.17% to 6,861.02. Yves Mersch, an executive board member of the European Central Bank is expected to give a speech at the Global ABS Conference organization by the Association for Financial Markets in Europe in Barcelona, Spain. Mersch recently commented on the low inflation, which may cut inflation expectations in the eurozone.<\/p>\n

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The post Stocks Market Report 11th June<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Stocks – Asia Stocks in Asia were seen trading flat on Wednesday after the quite session in the US; meanwhile the World Bank cut its global economic growth forecasts which could weigh on stocks. Japan The Japanese benchmark Nikkei 225 index rose 0.50% higher, closing at 15,069.48 points, while Tokyo\u2019s […]<\/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-52628","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52628","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=52628"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52628\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=52628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=52628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=52628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}