DAILY REPORT 11/06/14 Eurozone economic news • Operate European shares lower after comments from the World Bank.
The main European stock indexes trades Wednesday's session down after comments from the World Bank. The English FTSE 100 lost 0.56% of its value, yielding 40 units right after the open on Wall Street. In Germany, the DAX index has a negative change of 0.88%, trading below the 10 thousand points where he was earlier in the week. In France, the CAC 40 yields 0.62% after halftime operations on the European continent. World Bank The bad weather that hit the United States during the winter, the crisis in Ukraine and China increasing interest rates will be factors to beat global growth, as indicated by the World Bank. The home organization in Washington lowered growth prospects for this year to 2.8% from 3.2% which was set during the first month of 2014. Emerging countries such as Ghana, India, Kenya, Malaysia and South Africa require special attention from the rest of the World. The bank noted that these countries have to tighten their fiscal policies and structural reforms in order to continue its growth. UK Unemployment in the UK continued to fall during the three months ended in April, reaching its lowest level since 2009.'s Rate was recorded at 6.6% from 6.8% in the previous period, as reported by the National Bureau of Statistics for Wednesday morning.
Tomorrow: • Inflation is known in France. This is expected to increase 0.1% month on month.
Asia Economics news • Asia closed mixed territory after day unchanged in the United States. Major Asian stock indexes closed Wednesday's session mixed territory after a session without much change in the U.S. market. The Japanese Nikkei appreciated 0.50%, gaining 75 points along the journey. In China, the Hang Seng Index lost 0.25% over Tuesday's closing while Shanghai gained 2.42 points or 0.12%, closing over 2054 units. In Australia the S & P / ASX 200 index fell 0.29% during the third session of the week. Nikkei down The Japanese index rebounded 0.5% after falling to the lowest level in the last week during the day on Tuesday. The actions were driven by the head of the fund in the country said the fund is about to announce major investments in stocks and bonds later this year largest public pension.
China was mixed on Wednesday The Shanghai Composite Index closed at its highest level in seven weeks, driven in part by the strengthening of the yuan against the dollar, the Chinese currency trading on the highest level throughout the month. Investors interpreted positively the news that the central bank is preparing a method to insure deposits and release of funds by major banks. Tomorrow: • In Australia the unemployment rate will be known. Is expected to present a slight increase from 5.8% to 5.9%.
Economic and corporate news United States
• Wall Street opens lower after comments from the World Bank. During Tuesday's session in the U.S. market major stock indexes closed virtually unchanged on a day that was marked by some volatility going into the North American summer. The Dow Jones Industrial 2.82 points or 0.02% was observed, closing at a new record level. The S & P 500 lost 0.02% while the Nasdaq Composite gained 1.75 during the press yesterday. Apple (AAPL: NASDAQ) The European Union is examining tax agreements the company founded by Steve Jobs in Ireland. The regulators are exploring whether there was any violation or breach of the regulations of the European Union. Irish officials and representatives from Apple issued a statement saying the company has not received any special treatment. Starbucks meanwhile also being investigated by Dutch officers. Bank of America (BAC: NYSE)
The bank and the U.S. Justice Department had reached an impasse in their talks to complete the arrangement by conflict with the mortgage crisis in 2008, as reported by the New York Times. The newspaper said the bank offered more than 12 billion dollars to settle the conflict with state and federal, but turned out to be lower than expected by the official figure. Tomorrow: • The Labor Department will report its weekly initial unemployment claims. It is expected that for the week ended June 7 fall from 312,000 to 307,000 requests. • Retail sales for May will be released. An increase of 0.6% is expected, up from 0.1% in April.
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