{"id":63817,"date":"2014-11-17T07:56:03","date_gmt":"2014-11-17T12:56:03","guid":{"rendered":"http:\/\/countingpips.com\/?p=63817"},"modified":"2014-11-17T09:11:58","modified_gmt":"2014-11-17T14:11:58","slug":"stock-markets-report-17th-november","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/stock-markets-report-17th-november\/","title":{"rendered":"Stock Markets Report 17th November"},"content":{"rendered":"
November 17, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

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

The Asian stock market kicked off the week trading lower after a data from Japan showed that the nation\u2019s economy contracted for a second-consecutive quarter. Stocks in China were boosted on the official opening of the Shanghai-Hong Kong Stock Connect trading link.<\/p>\n

A report from Japan\u2019s Cabinet Office showed that the nation\u2019s gross domestic product (GDP) declined 0.4% in the July- September period, compared to forecast of 0.5% growth.\u00a0 The economy shrank an annualized 1.6% for the third quarter, after a revised 7.3% fall recorded in the previous quarter. Capital Spending fell 0.2% in the quarter.\u00a0<\/span><\/p>\n

The Japanese yen weakened against the greenback on Monday, falling to a fresh seven-year low of 117.04 after the release of the nation\u2019s GDP figures.<\/p>\n

The Japanese Nikkei 225 index slumped 1.48% lower to 17,232.64 points during the early trading hours, while Tokyo\u2019s Topix index fell 1.26% lower to 1,382.75 points.<\/p>\n

Some of the session\u2019s losers included Central Japan Railway sliding 4.6% to 17,120 yen, Kawasaki Heavy Industries fell 2.7%, Mitsui Engineering & Shipbuilding was down 3.7% and Toyota declined 2.1%.<\/p>

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On the positive side, Mitsubishi UFJ Financial rose 3% after reporting a 9.1% climb in its net income for the six months ended September 30.<\/p>\n

Hong Kong\u2019s Hang Seng index rallied 0.88% to 24,298.96 points, while the Chinese mainland Shanghai Composite climbed 1.16% to 2,507.66 points as today was the official opening of the trading link between Hang Seng and SSE.<\/p>\n

The South Korean Kospi index edged 0.11% higher to 1,947.29 points, while the benchmark S&P\/ASX 200 index slid 0.51% lower to 5,426.60 points.<\/p>\n

In Sydney, banking stocks were dragged lower, with Commonwealth Bank of Australia eased 0.7%, ANZ slumped 1.1%, National Australia Bank and Westpac each lost 1%.<\/p>\n

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

Stocks in the European region opened lower on Monday, after Europe and Japan released downbeat economic reports. Meanwhile, France\u2019s economic growth is expected to surpass the Organization for Economic Co-operation and Development\u2019s (OECD) forecast of 0.4% this year, according to the French Finance Minister Michel Sapin.<\/p>\n

The European Central Bank (ECB) President Mario Draghi and Bank of England Mark Carney are scheduled to give speeches later in the day.<\/p>\n

Europe\u2019s Euro Stoxx 50 declined 0.98% to 3,031.50, while the UK\u2019s FTSE 100 fell 0.40% to 6,627.00. The French benchmark CAC 40 slumped 0.72% to 4,170.50 after a report released showed that the French economy expanded 0.3% in the July-September quarter and grew 0.4% at an annual rate.<\/p>\n

The German DAX 30 index dropped 0.99% to open at 9,162.00 as the nation\u2019s gross domestic product (GDP) for the third quarter grew 0.1%.<\/p>\n

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The post Stock Markets Report 17th November<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Asian Stocks The Asian stock market kicked off the week trading lower after a data from Japan showed that the nation\u2019s economy contracted for a second-consecutive quarter. Stocks in China were boosted on the official opening of the Shanghai-Hong Kong Stock Connect trading link. A report from Japan\u2019s Cabinet Office […]<\/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-63817","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63817","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=63817"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63817\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=63817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=63817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=63817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}