{"id":53175,"date":"2014-06-23T08:49:49","date_gmt":"2014-06-23T12:49:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=53175"},"modified":"2014-06-23T08:49:49","modified_gmt":"2014-06-23T12:49:49","slug":"stocks-market-report-23rd-june","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/stocks-market-report-23rd-june\/","title":{"rendered":"Stocks Market Report 23rd June"},"content":{"rendered":"
June 23, 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 mixed on Monday as a report showed that the Chinese manufacturing gauge from HSBC unexpectedly expanded.<\/p>\n

The Japanese Nikkei 225 index edged 0.13% higher, closing at 15,369.28 points, while Tokyo\u2019s Topix index fell 0.11% ending the session at 1,267.48 points. The Japanese digital camera manufacturer, Olympus saw the most gains during the session by climbing 5.22% in shares, while Furukawa gained 5.13%. The machine-tool maker Amada slid 5.19% lower.<\/span><\/p>\n

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

Hong Kong\u2019s Hang Seng index gained 0.05% to 23,206.09 points at the time of writing, while the Chinese mainland Shanghai Composite jumped 0.17% to 2,029.76 points. The communication company China Unicom lost 1.34%, while Swire Pacific rose 2.29%.<\/p>\n

HSBC\u2019s flash Purchasing Mangers\u2019 Index (PMI) for China expanded higher than forecasted, coming in at 50.8 in June, compared to the final reading of 49.4 seen in the previous month and analysts estimates of 49.7. A reading above 50 indicates expansion, while a reading below 50 shows contraction.<\/p>\n

“This month’s improvement is consistent with data suggesting that the authorities’ mini-stimulus are filtering through to the real economy,\u201d economist Hongbin Qu from HSBC commented.<\/p>

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“Over the next few months, infrastructure investments and related sectors will continue to support the recovery. We expect policy makers to continue their current path of accommodative policy stance until the recovery is sustained,” he added.<\/p>\n

The South Korean Kospi index rose 0.35%, ending the session at 1,974.92 points, while the Australian benchmark S&P\/ASX 200 index edged 0.56% higher at 5,449.70 points.<\/p>\n

The Australian pharmaceutical product manufacturer Acrux saw the most gains during the session as shares climbed 10.65%, while Fortescue Metals added 4% to A$4.39 in Sydney.<\/p>\n

Stocks – Europe<\/span><\/h2>\n

European stocks started the week lower on Monday, falling from its ninth weekly gain after France and Germany released its flash PMI figures as the market focus on speeches that are expected to be given by European Central Bank (ECB) officials later in the day.<\/p>\n

The European Euro Stoxx 50 lost 0.73% to 3,278.15 at the time of writing, while the German DAX slid 0.85% lower to 9,902.86. While the French CAC 40 edged 0.65% lower to 4,511.47 and UK\u2019s benchmark FTSE 100 fell 0.44% to 6,795.28.<\/p>\n

Flash PMI Reports<\/span><\/h2>\n

A report from the Markit Economics showed that the flash manufacturing PMI in France for June fell to 47.8 points, while the country\u2019s services sector came in at 48.2 points, compared to analysts\u2019 estimates of 49.5 points for both sectors.<\/p>\n

While the flash manufacturing PMI for Germany came in slightly higher from the previous reading of 52.3 in May to 52.4 in June, lower than analysts forecast of 52.2. While the German services sector fell to 54.8 from 56 in May.<\/p>\n

Eurozone\u2019s flash manufacturing PMI came in lower than market estimates, standing at 51.9 points in June, compared to the previous figures of 52.2 in May. While the euro-block\u2019s services sector fell to 52.8 from 53.2 in May, according to reports from Markit Economics.<\/p>\n

ECB Speeches<\/span><\/h2>\n

ECB Officials are expected to give speeches later in the day, including ECB Executive Board member Yves Mersch, who is scheduled to talk at the panel discussion at the European financial Congress in Poland.<\/p>\n

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The post Stocks Market Report 23rd 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 mixed on Monday as a report showed that the Chinese manufacturing gauge from HSBC unexpectedly expanded. The Japanese Nikkei 225 index edged 0.13% higher, closing at 15,369.28 points, while Tokyo\u2019s Topix index fell 0.11% ending the session at 1,267.48 points. 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-53175","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/53175","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=53175"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/53175\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=53175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=53175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=53175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}