October 2014

Stock Markets Reports 6th October

Stocks in the Asian region were seen starting the week trading higher on Monday, led by the Japanese stocks as the nation’s yen weakened against the US dollar after the US payrolls report boosted confidence in the world’s largest economy.

The US employment report released on Friday showed the US economy added 248,000 non-farm jobs in September, surpassing analysts’ forecast of a 216,000 increase. The report also unveiled that unemployment reached a six-year low of 5.9%.  Read more

WTI Crude Falls To 17-Month Low on Crude Supply

Futures for the West Texas Intermediate (WTI) crude fell by more than 2.5% during the early trading hours in the European session, trading below the $90 mark for the first time in 17 months.

The North American West Texas Intermediate (WITI) for November delivery fell as much as 2.53% to $88.45 per barrel on the New York Mercantile Exchange, trading below $90 for the first time since April, 2013.  Read more

Stock Markets Report 2nd October

Asia Stocks

Stocks in the Asian region were seen extending losses on Thursday after a downbeat manufacturing report from the US and Europe.

US equities tumbled overnight after the Institute for Supply Management (ISM) manufacturing index for the US came in at a low 56.6 in September, compared to the previous reading of 59.0 seen in August. The Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 57.5 in September from August reading of 57.9.  Read more

Stock Markets Report 1st October

Asian Stocks

The ongoing pro-democracy protests in Hong Kong continues to weigh on the region stocks as Asian stocks were seen falling  on Wednesday with the benchmark index declining for a fourth day.

On a positive note, a report released showed that China’s manufacturing activity expanded at a steady pace, with the nation’s manufacturing Purchasing Managers Index coming in at 51.1 in September, compared to analysts’ forecasts of 51.0. A reading above 50 indicated expansion, while a reading below signals contraction.  Read more

Crude Prices Rebounds Before US Supply Report

Crude prices were seen bouncing back from its biggest fall in 11 months on Wednesday ahead of the US inventories report which could show a strength of fuel demand in the US, the world’s largest oil consumer.

Futures for the North American West Texas Intermediate (WTI) for November delivery traded 0.43% higher to $91.56 per barrel on the New York Mercantile Exchange, after falling 4% in the previous session, the lowest since May 2013.  Read more