DAILY REPORT 09/06/14 Eurozone economic news • European shares rise operating first session of the week driven.
The main European stock indexes operate Monday's session higher, driven by strong economic data from China. In England, the FTSE 100 has a variation of 0.15%, gaining 10 items before the opening of the U.S. market (9:00 a.m. ET). The German DAX tries new account set above 10,000 points, with a slight upturn of 0.02%. In France meanwhile operates the CAC 40 down, losing 0.22% of its value after half-time operations on the European continent. Lloyds Banking Group The British firm, who carried out the process of the initial public offering of TSB announced that the share price of the company will be below the book value. The IPO will be 125 million shares which will put TSB with a market capitalization of 1.27 billion pounds. The final price will be released about June 20, according to officials announced Lloyds bank. The initial public offering for 25% of commercial bank will be held at the London Stock Exchange once the process being conducted by the Lloyds Banking Group is complete. Investors receive a free share for every 20 purchased, with the proviso that hold the shares for a full year after the initial offering.
Tomorrow: • In England will release industrial production in April. Month-to-month increase of 0.4% is expected. • Manufacturing output in the UK is known. Month-to-month increase of 0.4% is expected.
Economic News Asia • Asia closes higher after strong economic data from the region. Major Asian stock indexes closed Monday's session higher, replicating the upward movement in the U.S. during the press Friday and reacting positively to the trade balance of China. The Japanese Nikkei appreciated 0.31%, winning 46 during the trading day. In China, the Hang Seng Index had an increase of 0.73% (166 points gain, while Shanghai has a slight variation of 0.03%. S & P/ASX200 The index of Australia had a positive change of 0.50% closing on 5464 points. Nikkei Up The Japanese index reached its highest level in three months, yielding a gain of 3% during the last 6 trading sessions. Revised GDP was recorded at 6.7% (annualized), beating initial estimates of 5.9%. During the first quarter of 2014, the Japanese government reported that the country's growth was 1.6%, well above the figure recorded between October and December 2013 in which the expansion of gross domestic product was 0.1%. For the fifth consecutive quarter Japan has a growth in its economy, this period being the best of the last 2 years. China Down The actions of the first Asian economy closed higher, replicating the upward movement of the main indices of the region. The Shanghai Composite Index showed a slight positive change of 0.03%, showing caution before the inflation data to be released at the conference on Tuesday. Financial companies closed higher in Shanghai after regulators announced that reserves each bank must have his credit will be reduced over the coming days. ICBC and China Construction Bank increased 1% during the session.
Tomorrow: • Inflation is known in China. The annualized figure is expected at 2.4%. The producer price index is expected to present a contraction of 1.5% in May. • In Australia trust in business will be known in May.
Economic and corporate news United States • Wall Street opens the week at historic levels. During Friday's session in the U.S. market the major stock indexes closed higher, driven by jobs report slightly better than expected. The Dow Jones Industrial appreciated 0.52%, with a gain of 88 units throughout the day. The S & P 500 had a positive change of 0.46%, closing just below the 1950 points (1949.44). The Nasdaq Composite Index reached its highest level in 13 years, 0.59% to be appraised and culminating the day at 4321.40 units. Apple (AAPL: NASDAQ) The split the company announced during its last earnings report today will be effective after the opening on Wall Street. In Friday's session Apple lost 0.27% of its value, closing at $ 645.57 per share. Before the opening of the market share of the company operates about $ 92. Netflix (NFLX: NASDAQ) During this day will be held the annual meeting of the shareholders of Netflix. It is expected that investors in the company to define the split vote may be coming on the market mentioning in recent weeks and the role they will have to take over as CEO and Chairman of the company founder Reed Hastings. Tomorrow: • April wholesale inventories will be known. It is expected that an increase of 0.5% was recorded.
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