Novosti i prognoe: tržište kapitala od 24-06-2014

Stock indices traded mixed due to the weaker-than-expected German Ifo business climate index. The German Ifo business climate index declined to 109.7 in June from 110.4 in May. That was the lowest level this year. Analysts had expected a fall to 110.3.

The German Ifo expectations index fell to 104.8 in June from 106.2 in May.

The Bank of England Governor Mark Carney testified before parliament's Treasury committee today. He said that the interest rate hike will be driven by the U.K. economic data. Mr. Carney also said there has been more spare capacity in the labour market that can be absorbed before the interest rate hike.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,787.07 -13.49 -0.20%

DAX 9,938.08 +17.16 +0.17%

CAC 40 4,518.34 +2.77 +0.06%

Japan's Prime Minister Shinzo Abe unveiled the reform plans of his "third arrow" strategy today. His reform plan focuses to encourage Japanese companies to invest more and create more jobs. The government plans to cut the corporate tax rate below 30% from the current 34%. This process should start next year.

The government wants to boost the role of working women due to the shrinking workforce in Japan. Japan's population is one of the world's most rapidly ageing populations.

U.S. stock futures were little changed as data showed home prices rose at a slower pace than forecast and investors watched developments in Iraq.

Global markets:

Nikkei 15,376.24 +6.96 +0.05%

Hang Seng 22,880.64 +75.83 +0.33%

Shanghai Composite 2,033.93 +9.57 +0.47%

FTSE 6,788.61 -11.95 -0.18%

CAC 4,521.35 +5.78 +0.13%

DAX 9,928.37 +7.45 +0.08%

Crude oil $106.24 (+0.05%)

Gold $1322.80 (+0.31%)

(company / ticker / price / change, % / volume)

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Apple (AAPL) target raised to $97 from $86.32 at Needham

Home Depot (HD) initiated with a Equal-Weight at Morgan Stanley

Stock indices traded mixed due to the weaker-than-expected German Ifo business climate index. The German Ifo business climate index declined to 109.7 in June from 110.4 in May. That was the lowest level this year. Analysts had expected a fall to 110.3.

The German Ifo expectations index fell to 104.8 in June from 106.2 in May.

The Bank of England Governor Mark Carney testified before parliament's Treasury committee today. He said that the interest rate hike will be driven by the U.K. economic data.

Concerns over in Iraq and Ukraine also weighed on stock markets.

Current figures:

Name Price Change Change %

FTSE 100 6,788.36 -12.20 -0.18%

DAX 9,922.53 +1.61 +0.02%

CAC 40 4,521.28 +5.71 +0.13%

Asian stock traded slightly higher. Concerns over escalating violence in Iraq weighed on stock markets.

There are still concerns over the health of China's economy despite yesterday's Chinese economic data. China's HSBC manufacturing purchasing managers' index rose to 50.8 in June from 49.4 in May. Analysts had expected an increase to 49.7.

The Chinese leading index declined 0.7% May, after a 0.9% gain in April. This data was released today.

Investors are awaiting Prime Minister Shinzo Abe's press conference later in the day. Mr. Abe should unveil the reform plans of his "third arrow" strategy.

Indexes on the close:

Nikkei 225 15,376.24 +6.96 +0.05%

Hang Seng 22,880.64 +75.83 +0.33%

Shanghai Composite 2,033.93 +9.57 +0.47%