Please try another search
Euromarkets Make Small Losses
The European indices started with small losses today with the investors trading with caution in view of the Greek referendum on Sunday.
The British FTSE 100 index fell by 0.17% at 6,619 points, the German DAX recorded fall of 0.25% at 11,072 points and the French CAC 40 moved downward by 0.22% at 4,825 points.
European STOXX 600 index fell by 0.11% at 385.02 points.
On the board, K & S AG NA O.N. (XETRA:SDFGN) was up by 2.2% after the announcement of Potash that it will try to convince the German company to accept the offer for acquisition.
In contrast, Rio Tinto (LONDON:RIO) Group fell by 0.8% and BHP Billiton (LONDON:BLT) by 1%, as the prices of iron fall towards the biggest weekly decline since last April. The cause of the fall is the reduction of activity in China.
Marginal Rise In Tokyo
The Japanese stock market closed positively today by recovering the losses that were recorded earlier thanks to the rise of the banking sector and other equity large cap companies.
The uncertainty about the developments in Greece regarding the referendum on Sunday, limited gains in Tokyo.
Nikkei rose by 0.1% at 20,539.79 points while intraday it had fell almost by 0.4%.
The broader index TOPIX closed with an increase of 0.2% at 1,652.09 points, while the JPX-Nikkei Index 400 rose by 0.3% at 14,925.02 points.
Eurozone: Markit’s PMI Index Reached A 4-Year High
The economic growth in the Eurozone climbed to a 4-year high in the second quarter, as it was announced today by the research company Markit.
In particular, the final PMI index for the manufacturing sector and services rose at 54.2 points in June from 53.6 points in the previous month and exceeded the initial estimation, as it was announced by the research company.
The strengthening of June led the average measurement for the second quarter to a 4-year high, according to the data of Markit.
The economic growth accelerated in Germany, Italy and France in June and climbed to a two-month high in Germany and to a high of 12 and 46 months in Italy and France respectively.
The PMI index for services rose at 54.4 points in June from 53.8 points in the previous month and confirmed the original estimation. The production has now reached 23 consecutive months of rise.
Chris Williamson, Chief Economist at Markit, said: “While uncertainty caused by the Greek debt crisis rules out any imminent hike in interest rates, the post-election rebound in service sector business activity adds to the likelihood of the Bank of England starting to nudge rates higher later this year. The survey data are indicating an acceleration of economic growth to 0.5% in the second quarter, up from 0.4% in the first three months of the year.
“However, growth will have to accelerate further in the second half of the year to meet the Bank’s 2015 growth forecasts of 2.5%, and faster growth is by no means assured. Hiring and inflows of new business both slowed in June, and an escalating Greek crisis and ‘Grexit’ has the potential to destabilize economic growth.
“Growth is looking increasingly unbalanced. The recent weakness of the manufacturing PMI means industrial production looks likely to have declined in the second quarter, leaving the economy once again dependent on the service sector to sustain any growth."
Looking at the weekly close of the 10-year US Treasury yield, the final yield print this week at 4.30% is the highest weekly closing yield since the 4.47% close in late November...
A rate cut is unlikely for the Reserve Bank of Australia because inflation is still higher than the 2–3% target range. Further RBA decisions are unpredictable—the market awaits the...
Market Overview: S&P 500 Emini FuturesOn the weekly chart, the market has been stalling in the last 3 weeks by trading sideways and S&P 500 Emini is forming an Emini ioi breakout...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.