{"id":61644,"date":"2014-10-09T09:26:11","date_gmt":"2014-10-09T13:26:11","guid":{"rendered":"http:\/\/countingpips.com\/?p=61644"},"modified":"2014-10-09T10:05:26","modified_gmt":"2014-10-09T14:05:26","slug":"stock-markets-report-9th-october","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/stock-markets-report-9th-october\/","title":{"rendered":"Stock Markets Report 9th October"},"content":{"rendered":"
October 9, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Stocks in Asia was seen rising on Thursday, tracking gains seen on Wall Street overnight after minutes from the Federal Open Market Committee (FOMC)\u00a0 September meeting spurred speculation that US interest rates will remain low for some time.<\/p>\n

“The overriding tone of the September FOMC meeting minutes was dovish, signaling a Fed that is more comfortable with the current forward guidance framework than at the last meeting, and more concerned about the downside risks to growth posed by external developments and the strong dollar,” Millan Mulraine of TD Securities said in a note.\u00a0<\/span><\/p>\n

“The key takeaway from this report is simply that the Fed appears to be on alert about the downside risks posed to the economy\u00a0from the softening in global activity and the strong dollar,” he added.<\/p>\n

The US dollar weakened a basket of its major peers after the release from the US Federal Reserve.<\/p>\n

Asian Stocks<\/span><\/h2>\n

The Japanese benchmark Nikkei 225 index edged 0.41% higher to trade at 15,660 point at the time of writing, while Tokyo\u2019s Topix index eased 0.02% to 1,274.60 points.<\/p>

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The Japanese yen weakened against the US dollar on Thursday, trading around 108.2 yen against 107.8 on Wednesday.<\/p>\n

The weakened yen boosted exporter\u2019s gains, with real estate developer Sumitomo Reality & Development 2% higher, Hino Motors and Toyota Motor gained 1% each.<\/p>\n

In Japan, a government data showed that core machinery orders in August rose 4.7% on a monthly basis, compared to analysts forecast of a 1.1% rise.<\/p>\n

Hong Kong\u2019s Hang Seng index climbed 0.88% to 23,467.87 points, while the Chinese benchmark Shanghai Composite added 0.06% to 2,384.12 points at the same time.<\/p>\n

The Korean markets were closed on Thursday for Hangeul Proclamation Day.<\/p>\n

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

Australia\u2019s benchmark S&P\/ASX 200 index was up 1.1% to 5,299.40 points, boosting mining stocks.<\/p>\n

Mining giants BHP Billiton and Rio Tinto added 1.1% and 0.5% respectively, while Atlas Iron edged 2.7%.<\/p>\n

In banking stocks, Commonwealth Bank of Australia and Westpac added 1.5% each, while the ANZ went up by 1.9% and National Australia Bank edged 0.8% higher.<\/p>\n

European Stocks<\/span><\/h2>\n

European stocks opened with strong gains on Thursday following the release from the US Federal Reserve \u00a0minutes which hinted that the central bank are not going to raise interest rates anytime soon. Meanwhile, the spotlight is on the Bank of England (BoE) monetary policy meeting scheduled to begin later in the day.<\/p>\n

The European Euro Stoxx 50 rose 1.02% higher to 3,084.50, while the French CAC 40 surge 1.02% to 4,210.30. Meanwhile, Germany\u2019s DAX index added 0.92% to 9,077.80 and UK\u2019s FTSE 100 advanced 0.91% to trade at 6,539.30.<\/p>\n

In Germany, the nation\u2019s trade surplus shrank to 14.1 billion euros in August from 23.5 billion euros recorded in the previous month on a non-seasonally adjusted basis, according to a report from the Federal Statistical Office.<\/p>\n

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The post Stock Markets Report 9th October<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Stocks in Asia was seen rising on Thursday, tracking gains seen on Wall Street overnight after minutes from the Federal Open Market Committee (FOMC)\u00a0 September meeting spurred speculation that US interest rates will remain low for some time. “The overriding tone of the September FOMC meeting minutes was dovish, signaling […]<\/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-61644","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61644","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=61644"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61644\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=61644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=61644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=61644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}