Asian stocks rise on Chinese optimism
Trading Floor News July 23, 2013 4:27 PM
<p>Asian stocks climbed last night after the Chinese Premier spoke about the positive outlook for economic growth, expected above 7%. European indices opened slightly up […]</p>
The video cannot be shown at the moment. Please try again later.
Asian stocks climbed last night after the Chinese Premier spoke about the positive outlook for economic growth, expected above 7%.
European indices opened slightly up this morning. with the DAX trading at 8355 and the FTSE at 6650 just after 8am.
Turning to companies, the FTSE was topped by Anglo American, Glencore, Xstrata and Eurasian. Also, Premier Foods announced that their half year losses narrowed, which raised expectations for the annual results.
In the US, Netflix reported weak quarterly results yesterday. Later on today Apple is publishing its earnings report, most likely after the closing bell this evening.
On the forex market, USD depreciated a little against the euro, pound sterling and Australian dollar.
In terms of economic events, things are looking rather quiet today. The only major data will be retail sales figures from Canada at 1.30pm. EU Consumer Confidence data at 3pm could have an impact on the value of the euro.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.