Stock Market Special Report by www.epicresearch.co - 7th October 2014


Posted October 7, 2014 by EPICRESEARCH

Asian shares fell Friday despite a stable U.S. showing following concerns about the Ebola virus spreading wider as poor services data out of China and regional unease about events in Hong Kong weighed

 
Global markets at a glance

Asian shares fell Friday despite a stable U.S. showing following concerns about the Ebola virus spreading wider as
poor services data out of China and regional unease about
events in Hong Kong weighed The Hang Seng Index fell
1.2% at 22,652 as protests continued into Friday and efforts to ease tensions though talks are inconclusive so far.
Japan's Nikkei 225 was off by 0.3% as the dollar saw selling
pressure ahead of U.S. jobs data Friday. The index lost the
most Thursday in almost two months.

Wall Street

The S&P 500 posted its best day since August on Friday following a stronger-than-expected Sep. US jobs report that
bolstered the outlook for the US economy. Despite the
rally, major indexes ended down for the week, with the
protests in Hong Kong among the main catalysts for sharp
selling earlier in the week. The DJI rose 208.64pts, or
1.24%, to 17,009.69, S&P 500 gained 21.73pts, or 1.12%, to
1,967.9 and the Nasdaq added 45.43pts, or 1.03%, to
4,475.62.

MACRO NEWS

The government will borrow 2.4 trillion rupees ($39.25
billion) in October-March, less than the 2.48 trillion rupees called for in the government budget announced in
July .
Infosys kicks off July-September earnings season on Oct.
10.
Foreign investors sold shares worth 4.86 billion rupees
($78.7million) on Tuesday, marking their five session of
sales out of past six.
Banks request clarity on tax treatment over bonds under
Basel III norms.
Oil Ministry cuts natural gas supplies to small industry in
Gujarat
JSW Steel in talks to buy stake in London Mining.


STOCKS IN NEWS

India's TVS Motors Sept vehicle sales up 27 pct y/y.
Mahindra September vehicles sales up 4 pct y/y
Bajaj Auto Sept vehicle sales up 9 pct y/y.
Cipla -Signs definitive agreement to set up manufacturing
facility in Iran.
Maruti Ciaz launched at a starting price of Rs 6.99 lakh; to
take on Honda City.
Titan to offer international shipping of jewellery products.
NMDC puts Uttar Pradesh's Gonda power plant project on
back burner

COMMODITY ROUNDUP

Gold fell over 1.5 per cent to slip below its cost of production on Friday on indications of a revival in the global economy, after the US Federal Reserve reported positive non-
farm payroll data. Gold for December delivery on the
Comex division of the New York Mercantile Exchange fell
below $1,200 an oz on selling pressure from stockists. Ag-
gressive hedging by miners also prompted sellers to offload the precious metal. Gold was trading at $1,194.5 an oz
on the Comex in early Friday trades, a $16 decline from the
previous close.

CURRENCY
ROUNDUP

The dollar strengthened against global currencies after the
report was published, climbing to a new high of 1.2534
against the euro, 1.06 per cent stronger for the session. The
dollar advanced against the currencies of major U.S. Trading
partners and the yield on the 10-year Treasury note used to
figure mortgage rates rose a basis point to 2.438 percent.

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Last Updated October 7, 2014