{"id":63306,"date":"2014-11-07T06:22:39","date_gmt":"2014-11-07T11:22:39","guid":{"rendered":"http:\/\/countingpips.com\/?p=63306"},"modified":"2014-11-07T06:50:04","modified_gmt":"2014-11-07T11:50:04","slug":"stock-markets-report-7th-november","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/stock-markets-report-7th-november\/","title":{"rendered":"Stock Markets Report 7th November"},"content":{"rendered":"
November 7, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

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

US Stocks were seen rising to a record high as the European Central Bank pledge to increase stimulus if necessary, while a fresh report showed a drop in the US jobless claims.<\/p>\n

The Standard & Poor\u2019s 500 index jumped 0.38% to 2,031.21 at the time of writing, while the Dow Jones Industrial Average gained 0.40% to 17,554.47 and Nasdaq added 0.38% to close at 4,638.47.\u00a0<\/span><\/p>\n

The non-farm payrolls report from the US Labour Department may show an addition of 232,000 new jobs to the US jobs sector in October, while the unemployment rate is forecasted to remain at 5.9%.<\/p>\n

The ADP employment report released on Wednesday showed that the US jobs sector added 230,000 jobs in October, compared to the previous figure of a 213,000 increase in September.<\/p>\n

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

Stocks in the Asian region were seen trading higher on Friday as the market awaits the US non-farm payrolls report due later in the day.<\/p>

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The Japanese Nikkei 225 index added 0.55% to 16,885.34 points during the early trading house, while Tokyo\u2019s Topix index rose 0.58% to 1,364.22 points.<\/p>\n

The Japanese yen continued to weaken against the US dollar on Friday, trading around 115.20 yen on against 114.60 yen on Thursday.<\/p>\n

Auto stocks such as Mitsubishi Motors added 1.6%, Mazda Motor rose 1.4% and Honda Motor gained 1.2%. Electronic-makers Sony and Panasonic climbed 1.6% and 1.4% respectively.<\/p>\n

Hong Kong\u2019s Hang Seng index declined 0.55% to 23,520.18, while the Chinese mainland Shanghai Composite edged 0.10% higher to 2,428.19 points.<\/p>\n

The South Korean Kospi index added 0.17% to 1,939.75, while the Australian benchmark S&P\/ASX 200 index was up 0.44% to trade at 5,530.20 points.<\/p>\n

The Reserve Bank of Australia (RBA) made no changed to its economic growth outlook as the bank released its Monetary Policy statement.<\/p>\n

The statement showed that consumer-price inflation is forecasted to come in at 1.75% by the end of December this year, compared to the previous projection of 2% and lower than the bank\u2019s 2-3% inflation target.<\/p>\n

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

Europe stocks opened higher on Friday as traders digest the European Central Bank\u2019s (ECB) comments over its stimulus. The European Central Bank (ECB) maintained its benchmark rates at record lows as expected, however the central bank vowed to increase stimulus if necessary as the euro-bloc\u2019s economic growth remains weak.<\/p>\n

The benchmark lending rate remains at 0.05%, while the deposited rate remain unchanged at -0.20%<\/p>\n

Europe\u2019s Euro Stoxx 500 traded 0.22% higher to 3,108.85, while the French CAC 40 added 0.18% to 4,235.21 and Germany\u2019s DAX 30 index gained 0.35% to 9,410.60.<\/p>\n

A report from the German Federal Statistical Office (Destatis) showed that the country\u2019s foreign trade generated a non-seasonally adjusted surplus of 21.9 billion euros.<\/p>\n

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The post Stock Markets Report 7th November<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog US Stocks US Stocks were seen rising to a record high as the European Central Bank pledge to increase stimulus if necessary, while a fresh report showed a drop in the US jobless claims. The Standard & Poor\u2019s 500 index jumped 0.38% to 2,031.21 at the time of writing, while […]<\/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-63306","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63306","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=63306"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=63306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=63306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=63306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}