DAILY REPORT 26/06/14 Eurozone economic news • European shares are little changed Thursday's session.
The main European stock indexes trades Thursday's session between highs and lows, finding an accurate way after the first events of the week. In England, the FTSE 100 operates slightly higher 0.03%, 1.25 winning units on 9:00 a.m. ET. In Germany, the DAX has a small contraction of 0.02%, showing no change from end of Wednesday's session. The French CAC 40 replicates the movement of his peers with an increase of 0.05% after half-time operations on the European continent. Barclays The British bank retract an offer of $ 1.5 trillion in bonds of the company during Wednesday morning after it was announced that the judge of the state of New York plans to sue the bank for securities fraud. Orders for the supply of English bank subordinated bonds exceeded $ 4.5 trillion, according to market sources said England. Shares of Barclays operated to fall during the early hours of the session, losing about 4% of its value.
Geopolitical tensions Tensions in Ukraine and military insurgencies in Iraq continue to be a concern for investors in the European region. Militants took control of Asia's largest country in area Wednesday night basis, according to official sources reported.
Tomorrow: • In England the growth of the first quarter will be known. Is expected annualized growth of 3.1% was recorded in the country's economy. Quarter to quarter up 0.8% expected. • Economic Confidence of the Eurozone will be revealed. It is expected a slight increase compared to May data.
Economic news Asia • Asia trades up day on Thursday. Major Asian stock indexes closed session Thursday to rise after U.S. GDP created some optimism to investors that the Federal Reserve will not raise rates in the coming months. The Japanese Nikkei traded up 0.27%, gaining 41 points along the journey. In China, the Hang Seng Index had an increase of 1.45% while Shanghai has appreciated 0.65%, closing on 2038 points. The S & P / ASX 200 in Australia had a positive change of 1.15%, closing up for the first time in three days. Japan Up Japanese stocks showed a rebound 0.65% after falling to its lowest level in a week during the Wednesday session. The yen traded at the lowest level in the last 7 days, after falling to 101.60. Toyota Motor has appreciated 0.8% after the company late Wednesday announced his first electric car that will come to Japan in the early months of 2015. Australia Up The Australian Index ended his streak 3 days down, while the dollar was established in that country above 94 U.S. cents after falling to its lowest level of the week during the previous session. (0.9354).
Iron futures rose sharply in recent days, reaching its highest level so far this month. Mining companies in the region such as Atlas Iron and Fortescue Metals were valued 5% and 2.5% respectively, driven by the price of the metal.
Tomorrow: • In Japan May inflation will be known. Annually is expected to register 3.7%. • In China it will release earnings for the industry during May (year to year). In April, an increase of 9.6% occurred.
Economic and corporate news United States • Jobless claims fall slightly. During Wednesday's session in the U.S. market the major stock indexes closed higher, after learning that the U.S. economy shrank 2.9% in the first quarter. The Dow Jones Industrial appreciated 0.29%, gaining 49 points throughout the day. The S & P 500 had a positive change of 0.49%, closing 1959 points on the third round of the week. The Nasdaq led the upward move on Wall Street with an increase of 0.68% or 29.40 units. Initial Jobless Petitions The number of Americans who made a request for unemployment benefits fell slightly during the week ended June 21, as was announced by the Department of Labor before the opening on Wall Street. 2000 references were made less than last week, signing a record 312,000 subsidy claims. Economists had expected the labor office will report the data on 310,000 requests, according to a survey by Reuters. Other economic data showed that consumer spending rose less than expected in May, according to the Commerce Department reported. Spending rose 0.2% after record no change in April. This is important for the U.S. economy because it represents two thirds of all economic activity in the country. An increase of 0.4% was expected last month. Alcoa (AA: NYSE) The steel company reached an agreement to acquire Firth Rixson, specializing in assembling aircraft engines, as announced in the early hours of the day signature. The agreement will be for 2.58 billion dollars in cash and stock. Klaus Kleinfeld, CEO of Alcoa, told CNBC that the agreement represents a major step for the company to become a supplier to the automotive and aerospace industry. Tomorrow: • University Of Michigan Confidence. It is expected to come out at 82, slightly above the previous data.
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