{"id":62901,"date":"2014-10-31T09:41:52","date_gmt":"2014-10-31T13:41:52","guid":{"rendered":"http:\/\/countingpips.com\/?p=62901"},"modified":"2014-10-31T09:55:49","modified_gmt":"2014-10-31T13:55:49","slug":"stock-markets-report-31st-october","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/stock-markets-report-31st-october\/","title":{"rendered":"Stock Markets Report 31st October"},"content":{"rendered":"
October 31, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

The world\u2019s largest economy expanded more than expected in September as a report released showed that the US economy rose 3.5% in the last quarter, marking its strongest six months in a decade. A separate report released from the US Labour Department showed that fewer Americans filed applications for jobless benefits over the past month.<\/p>\n

Meanwhile, exports in the US rose 7.8% in the last three months from 11.1% in the last quarter, while imports declined 1.7%.\u00a0<\/span><\/p>\n

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

Stocks in Asia were boosted, with the Japanese benchmark Nikkei index closing at a seven-year high after the Bank of Japan increased the nation\u2019s pension fund.<\/p>\n

Japan\u2019s Nikkei 225 index rose 4.83% to end the session at 16,444.39 points, the highest since 2007, while Tokyo\u2019s Topix index edged 4.28% to close at 1,333.64 points. The Japanese yen was pushed lower against the US dollar, trading around 1.5% to 110.83 per dollar, boosting gains for exporters.<\/p>\n

Toyota Motor advanced 3.8% to 6,498 yen, while Mitsubishi UFJ Financial Group added 4% to 632.2 yen and Sumitomo Mitsui Financial Group gained 7.2% to 4,399.5 yen.<\/p>

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Bank of Japan (BoJ)<\/span><\/h2>\n

The region\u2019s shares rose after BOJ policymakers voted to expand the country\u2019s monetary base to 80 trillion yen annually from the current 60-70 trillion. The bank also said it would triple annual purchases of exchange-traded funds and the country\u2019s real-estate investment trusts to 3 trillion yen and 90 billion yen respectively.<\/p>\n

“Japan’s economy has continued to recover moderately as a trend and is expected to continue growing at a pace above its potential. However, on the price front, somewhat weak developments in demand following the consumption tax hike and a substantial decline in crude oil prices have been exerting downward pressure recently,” according to the bank.<\/p>\n

“If the current downward pressure on prices remains, there is a risk that conversion of deflationary mindset, which has so far been progressing steadily, will be delayed,” the bank added.<\/span><\/p>\n

Meanwhile, the Nikkei newspaper reported the Japanese Government Pension Investment Fund is expected to announce a hike of its domestic shares to 25% of assets.<\/p>\n

Hong Kong\u2019s Hang Seng index gained 1.25% to 23,997.39 points, while the Chinese mainland Shanghai Composite added 0.97% to 2,414.75 points.<\/p>\n

Bank of Ninbo and Bank of Nanjing each added nearly 10%, while China Railway Group declined 24%.<\/p>\n

The South Korea\u2019s Kospi index jumped 0.28% to 1,964.43 points, while Australia\u2019s benchmark S&P\/ASX 200 index jumped 0.5%.<\/p>\n

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

Stocks in Europe traded higher on the last day of the trading week as the market focus on the preliminary inflation report for the Eurozone.<\/p>\n

The European Euro Stoxx 50 added 1.58% to 3,083.83, while the UK\u2019s benchmark FTSE 100 gained 1.16% to 6,538.11 and the French CAC 40 rose 1.57% to 4,206.14.<\/p>\n

The German DAX 30 edged 1.75% to start at 9,274.72, while the German consumer prices came in at 0.8% on a yearly basis, compared to analysts\u2019 estimates of 0.9%. Retail sales in Germany advanced 2.3% in September year-on-year from 0.1% rise seen in August and a 3.2% fall was seen on a monthly basis, the Federal Statistical Office showed.<\/p>\n

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The post Stock Markets Report 31st October<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog The world\u2019s largest economy expanded more than expected in September as a report released showed that the US economy rose 3.5% in the last quarter, marking its strongest six months in a decade. A separate report released from the US Labour Department showed that fewer Americans filed applications for jobless […]<\/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-62901","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62901","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=62901"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}