{"id":52891,"date":"2014-06-17T07:34:17","date_gmt":"2014-06-17T11:34:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=52891"},"modified":"2014-06-17T07:43:09","modified_gmt":"2014-06-17T11:43:09","slug":"stocks-market-report-17th-june","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/stocks-market-report-17th-june\/","title":{"rendered":"Stocks Market Report 17th June"},"content":{"rendered":"
June 17, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Stocks – Asia<\/span><\/h2>\n

Asian stocks fell on Tuesday, with stocks in Japan picking up from previous losses as the market focus on the Federal Reserve\u2019 (Fed) two-day policy meeting, scheduled to begin later in the day.<\/p>\n

The Japanese benchmark Nikkei 225 index gained 0.21%, closing at 14,975.97, while Tokyo\u2019s Topix index added 0.29% to end at 1,238.20.<\/span><\/p>\n

The technology company Konica Minolta rallied 8.22% after JPMorgan said it was buying shares from the company. Meanwhile, shares in Takara Holdings rose 5.33% higher and Credit Saison slid 2.97% lower.<\/p>\n

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

Hong Kong\u2019s Hang Seng index lost 0.47%, trading at 23,188.56 at the time of writing, while the Chinese benchmark Shanghai Composite slumped 0.83% to 2,069.05. The gauge climbed to its highest level since April 18 on Monday as the central bank extended a reserve-requirement to lenders.<\/p>\n

Meanwhile, home sales in China in the January to May period dropped 9.2% from the previous year, according to data from the National Bureau of statistics. New property construction fell 18.6% this year through May.<\/p>

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The shoe retailer Belle International gained 2.37%, while China Resources Power lost 2.35% in shares.<\/p>\n

The South Korean Kospi index gained 0.40%, closing at 2,001.55.<\/p>\n

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

The benchmark S&P\/ASX 200 index edged 0.25% lower, closing at 5,398.70, while in New Zealand, the benchmark NZX 50 index rose 0.28% higher, ending the session at 5,193.58.<\/p>\n

The pharmaceutical product manufacturer Acrux saw the most gains during the session in Australia, with shares climbing 8.56%, while UGL lost 4.73%.<\/p>\n

The Reserve Bank of Australia (RBA) released its June 3 meeting minutes, which showed that the nation\u2019s economy will continue to expand at a slow pace over the next year, while mining investment drops and the nation\u2019s strong currency slows the growth pace.<\/p>\n

Fed Meeting<\/span><\/h2>\n

The Federal Reserve\u2019s two-day monthly policy meeting begins later in the day, with the market predicting the central bank will continue to taper its asset purchases by $10 billion a month, which will cut the monthly bond purchases to $35 billion.<\/p>\n

The Federal Open Market Committee is also expected to post its economic forecasts and interest rate estimates.<\/p>\n

“We expect the Fed to make the following forecast changes: 2014 GDP will be revised lower, but so too will the yearend unemployment rate,” according to Joseph Lavorgna from Deutsche Bank.<\/p>\n

“Tapering is no longer a major market mover. Instead, attention has shifted to the first rate hike. Since the updated economic projections will include forecasts for the fed funds target rate, the markets will have a new ‘dot plot’ to chew on,” Rabobank’s analysts wrote in a note on Monday.<\/p>\n

Stocks \u00a0-Europe<\/span><\/h2>\n

Stocks in Europe were seen trading higher on Tuesday, bouncing back from previous losses while traders await data for Germany\u2019s ZEW index for June.<\/p>\n

The European Euro Stoxx 50 climbed 0.29% higher, opening at 3,270.80, while the German DAX gained 0.31% to 9,914.81. The French CAC 40 edged 0.30%, starting the session at 4,523.65, while UK\u2019s benchmark FTSE 100 added 0.18% to 6,766.48.<\/p>\n

Germany ZEW Index<\/p>\n

Germany\u2019s ZEW index for June is expected to show a rise for the first time this year, advancing to 35 points in June from the previous reading of 33.1 seen in May, while the Current situation index is forecasted to remain unchanged at 62.1 points.<\/p>\n

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The post Stocks Market Report 17th June<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Stocks – Asia Asian stocks fell on Tuesday, with stocks in Japan picking up from previous losses as the market focus on the Federal Reserve\u2019 (Fed) two-day policy meeting, scheduled to begin later in the day. The Japanese benchmark Nikkei 225 index gained 0.21%, closing at 14,975.97, while Tokyo\u2019s Topix […]<\/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-52891","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52891","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=52891"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52891\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=52891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=52891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=52891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}