Canada Stocks Fall as Gold Slump Outweighs Restated Jobs Data – Bloomberg
View photo Skyscrapers are reflected in a window with a display board showing the Hang Seng index in Hong Kong on Hong Kong stocks closed 0.62 percent higher Friday, with a surge in telecommunication stocks — prompted by gains in China Mobile — lifting the benchmark index best stock to a six-year high. The Hang Seng Index added 153.58 points to 24,954.94 by the close of play on turnover of HK$69.11 billion ($8.92 billion). The Shanghai Composite Index rose 0.92 percent, or 20.26 points, to 2,226.73 on turnover of 129.4 billion yuan ($21.0 billion). The index gained 1.47 percent over the week. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, advanced 1.11 percent, or 13.23 points, to 1,201.18 on turnover of 155.1 billion yuan.
Stocks Move Modestly Higher Amid Easing Ukraine Concerns – U.S. Commentary – NASDAQ.com
Penney rose almost 1 percent after earnings beat estimates. On the geopolitical front, a Russian convoy submitted to Ukrainian inspections, calming tensions in that region. Attention now turns to the New York Federal Reserve’s Empire manufacturing index at 8:30 a.m. ET and the University of Michigan’s consumer-sentiment gauge at 9:55 a.m.
Market Update August 14 – Business Insider
The report said initial jobless claims climbed to 311,000, an increase of 21,000 from the previous week’s revised level of 290,000. Economists had been expecting jobless claims to edge up to 295,000. While the report initially offset early buying interest, the data may be helping to further ease concerns about the outlook for interest rates. The Labor Department also released a separate report showing a modest drop in U.S. import prices in July amid a notable pullback in fuel prices.
The Dow is up 13 points, the S&P 500 is up 2 points, and the Nasdaq is up 2 points. Markets on Thursday are focused on the disappointing economic data out of Europe overnight. Second-quarter GDP in the eurozone was flat compared with the first quarter’s. Expectations were for the economic bloc’s economies to grow 0.1% collectively. Some of the biggest economies in the eurozone, including France and Germany , were among the most disappointing in the report. In the U.S., weekly initial jobless claims rose 21,000 to 311,000, missing expectations for a reading of 295,000. Retail giant Wal-Mart cut its earnings outlook for the year, and shares of the company were roughly unchanged. Some of the other major equity movers include fuel cell company Plug Power , up about 5% after reporting revenue that topped expectations.
Hong Kong stocks close up 0.62% – Yahoo News
jumped 4.8 percent after reporting rising production and lower costs. The Standard & Poors/TSX Composite Index (SPTSX) fell 48.20 points, or 0.3 percent, to 15,242.98 at 10:17 a.m. in Toronto. The benchmark equity gauge has climbed 12 percent this year, the second-best performer among the worlds developed markets behind Denmark . OceanaGold lost 2.4 percent to C$2.85 and B2Gold slipped 2.6 percent to C$2.85 as raw-materials stocks dropped 1 percent as a group, the most in the S&P/TSX.