{"id":61808,"date":"2014-10-13T08:48:52","date_gmt":"2014-10-13T12:48:52","guid":{"rendered":"http:\/\/countingpips.com\/?p=61808"},"modified":"2014-10-13T08:48:52","modified_gmt":"2014-10-13T12:48:52","slug":"stock-markets-report-13th-october","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/stock-markets-report-13th-october\/","title":{"rendered":"Stock Markets Report 13th October"},"content":{"rendered":"
October 13, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

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

Asian stocks started the week trading lower as traders raise concerns over the global economic growth slowdown possibly reducing the demand for safe-haven assets.<\/p>\n

Last week the International Monetary Fund (IMF) reduced its global economic growth outlook and said it projects the global economy to grow 3.8% next year, down from the previous forecast of 4% made in June, while this year\u2019s world economy growth is expected to come in at 3.3%.\u00a0The lower slow recovery in the Eurozone, weak German trade reports and comments from key officials also weighed on the regional stocks.\u00a0<\/span><\/p>\n

Hong Kong\u2019s Hang Seng index slid 0.66% lower to 22,936.15 points during the early trading hours, while the Chinese mainland Shanghai Composite declined 0.47% to trade at 2,363.28 points at the same time.<\/p>\n

China reported a trade surplus of $31 billion in September from $49.84 billion in the previous month after reporting a climb in imports by 7% and 15.3% rise in exports, compared to the 12% surge forecasted by analysts.<\/p>\n

Oil-giant, PetroChina lost 2.3% after Brent crude fell to the lowest in almost four years, while property developers Agile Property declined the most after its chairman was placed under the control of Chinese prosecutors.<\/p>

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The Japanese markets were closed on Monday in celebration of Health-Sports day. The Japanese yen strengthened against the US dollar on Monday, trading around 107.22 yen on safe-haven demand for the currency.<\/p>\n

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

In Sydney, the benchmark S&P\/ASX 200 index slid 0.56% lower to trade at 5,159.10 points, dragging financial stocks lower.<\/p>\n

Financial stocks saw losses, with ANZ losing 0.5%, Westpac and Commonwealth Bank of Australia each declined by 0.7% and National Australia Bank was seen flat.<\/p>\n

While the two-leading miners, BHP Billiton and Rio Tinto gained 0.7% after iron ore prices went up 1.7% higher on Friday. On the downside, Oz Minerals went down 0.3% and BC Iron lost more than 2%.<\/p>\n

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

European stocks extended losses on Monday, declining for a fifth day on the global economy recovery as the markets in Germany opened in the red territory.<\/p>\n

The European Euro Stoxx 50 opened 0.90% lower to trade at 2,963.50, while Germany\u2019s DAX index was down 1.02% to 8,701.80. In France the benchmark CAC index edged 0.94% lower to start at 4,035.70 and UK\u2019s FTSE 100 index fell 1.11% to 6,251.30.<\/p>\n

The German DAX has fallen 13% since it\u2019s record-high of 10,029 points in July.<\/p>\n

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The post Stock Markets Report 13th October<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Asian stocks Asian stocks started the week trading lower as traders raise concerns over the global economic growth slowdown possibly reducing the demand for safe-haven assets. Last week the International Monetary Fund (IMF) reduced its global economic growth outlook and said it projects the global economy to grow 3.8% next […]<\/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-61808","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61808","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=61808"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61808\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=61808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=61808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=61808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}