(index / closing price / change items /% change)
Nikkei 225 15,478.93 -117.05 -0.75%
Hang Seng 23,534.53 +271.20 +1.17%
S&P/ASX 200 5,296.68 +55.42 +1.06%
FTSE 100 6,431.85 -50.39 -0.78%
CAC 40 4,141.45 -26.67 -0.64%
Xetra DAX 9,005.02 +9.69 +0.11%
S&P 500 1,928.21 -40.68 -2.07%
NASDAQ Composite 4,378.34 -90.26 -2.02%
Dow Jones 16,659.25 -334.97 -1.97%
Most stock indices traded lower due to weak economic data from Germany and France and a cut in the growth forecasts of Germany's economy. Germany's trade surplus fell to €17.5 billion in August from €22.2 billion in July, missing expectations for a decline to €18.4 billion.
German exports dropped 5.8% in August. That was the biggest decline since January 2009.
France's trade deficit widened to €5.8 billion in August from €5.5 billion in July, missing expectations for an increase to €5.7 billion.
Four German economic institutes (Ifo in Munich, DIW in Berlin, RWI in Essen and IHW in Halle) cut their forecast for Germany's economic growth to 1.3% in 2014, down from a previous forecast of 1.9%. 2015 forecast was lowered to 1.2%, down from a previous forecast of 2.0%.
The Bank of England (BoE) released its interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,431.85 -50.39 -0.78 %
DAX 9,005.02 +9.69 +0.11 %
CAC 40 4,141.45 -26.67 -0.64 %
U.S. stock futures fell slightly as data showed an unexpected drop in jobless claims and companies began reporting quarterly earnings.
Global markets:
Nikkei 15,478.93 -117.05 -0.75%
Hang Seng 23,534.53 +271.20 +1.17%
Shanghai Composite 2,389.37 +6.58 +0.28%
FTSE 6,459.41 -22.83 -0.35%
CAC 4,155.17 -12.95 -0.31%
DAX 9,020.54 +25.21 +0.28%
Crude oil $86.83 (-0.54%)
Gold $1228.30 (+1.85%)
(company / ticker / price / change, % / volume)
| Goldman Sachs | GS | 186.70 | +0.03% | 0.1K |
| AT&T Inc | T | 35.15 | 0.00% | 7.0K |
| UnitedHealth Group Inc | UNH | 86.62 | 0.00% | 0.7K |
| Pfizer Inc | PFE | 29.38 | 0.00% | 14.6K |
| Nike | NKE | 88.80 | -0.03% | 0.5K |
| General Electric Co | GE | 25.24 | -0.04% | 29.0K |
| E. I. du Pont de Nemours and Co | DD | 68.46 | -0.09% | 0.1K |
| JPMorgan Chase and Co | JPM | 60.34 | -0.10% | 6.6K |
| Boeing Co | BA | 124.80 | -0.14% | 7.7K |
| Visa | V | 212.05 | -0.15% | 2.0K |
| Travelers Companies Inc | TRV | 94.31 | -0.15% | 0.6K |
| Johnson & Johnson | JNJ | 104.74 | -0.16% | 3.1K |
| International Business Machines Co... | IBM | 189.00 | -0.19% | 0.5K |
| Walt Disney Co | DIS | 87.94 | -0.19% | 0.3K |
| McDonald's Corp | MCD | 93.63 | -0.21% | 0.2K |
| The Coca-Cola Co | KO | 44.45 | -0.22% | 20.8K |
| Verizon Communications Inc | VZ | 49.75 | -0.24% | 0.2K |
| Chevron Corp | CVX | 117.65 | -0.25% | 1.5K |
| Intel Corp | INTC | 34.18 | -0.26% | 16.0K |
| Microsoft Corp | MSFT | 46.64 | -0.30% | 7.1K |
| Cisco Systems Inc | CSCO | 24.55 | -0.45% | 2.4K |
| Exxon Mobil Corp | XOM | 94.03 | -0.61% | 5.6K |
| Merck & Co Inc | MRK | 59.75 | -0.71% | 0.1K |
| Procter & Gamble Co | PG | 83.57 | -0.72% | 1.2K |
| Caterpillar Inc | CAT | 95.85 | -0.83% | 0.7K |
Upgrades:
Apple (AAPL) upgraded from Perform to Outperform at Oppenheimer, target $115
Downgrades:
Other:
DuPont (DD) initiated at Sector Perform at RBC Capital Mkts, target $71
Microsoft (MSFT) initiated at Market Perform at BMO Capital Markets, target $48
Stock indices traded higher on speculation the Fed's interest rate will remain unchanged for a longer period. The Fed released its minutes from the latest meeting on Wednesday. A tone of the Fed's minutes was dovish.
Some FOMC member expressed concern about the global slowdown and about the impact of a stronger U.S. dollar. Policymakers were concerned that a stronger U.S. dollar might slow the rise in inflation toward the Fed's inflation target of 2%.
Most FOMC members said that interest rate hike will depend on depend on data and not a calendar date.
The Fed minutes could lead to the opinion that the Fed's interest rate will remain low for a longer period.
Germany's trade surplus fell to €17.5 billion in August from €22.2 billion in July, missing expectations for a decline to €18.4 billion.
German exports dropped 5.8% in August. That was the biggest decline since January 2009.
France's trade deficit widened to €5.8 billion in August from €5.5 billion in July, missing expectations for an increase to €5.7 billion.
Current figures:
Name Price Change Change %
FTSE 6,497.06 +14.82 +0.23%
DAX 9,074.17 +78.84 +0.88%
CAC 40 4,169.12 +1.00 +0.02%
Most Asian stock indices closed higher due to the Fed's minutes. The Fed released its minutes from the latest meeting. A tone of the Fed's minutes was dovish.
Some FOMC member expressed concern about the global slowdown and about the impact of a stronger U.S. dollar.
Most FOMC members said that interest rate hike will depend on depend on data and not a calendar date.
Japanese stock index fell due to a stronger yen. The yen strengthened after the release of the Fed's minutes.
Japan's core machinery orders increased 4.7% in September, exceeding expectations for a 1.1% gain, after a 3.5% rise in August.
On a yearly basis, Japan's core machinery orders fell 3.3% in September, beating expectations for a 5.1% decrease, after a 1.1% gain in August.
Japan's preliminary machine tool orders decreased to 34.8% in September from 35.5% in August.
The Bank of Japan (BoJ) Governor Haruhiko Kuroda said in New York on Wednesday that Japan's economy will benefit if the BoJ pushes up inflation to its target of 2%. He also said that many tools for additional easing.
Indexes on the close:
Nikkei 225 15,478.93 -117.05 -0.75%
Hang Seng 23,534.53 +271.20 +1.17%
Shanghai Composite 2,389.37 +6.58 +0.28%
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