STOCKS GO NOWHERE: Here’s What You Need To Know – Yahoo Finance
Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done US stocks finish lower following weak German data 8 minutes ago .
rose to 4.67 million in June from 4.58 in the previous month according to the Department of Labor. Openings are now at the highest level since 2001. There are now around 2 unemployed people per job opening, down from 3 in June 2013. The U.S. budget deficit from October 2013 (the beginning of the Government’s fiscal year) to July fell 24% to $460.45 billion from the year-ago period.
Stocks End Lower as Global Tensions Remain in Focus – Yahoo Finance
NFIB’s small business optimism survey for July showed that the number of respondents saying that there are “few or no qualified applicants” for jobs continues to rise, coming in at 42% of respondents in the latest survey. official website Overall, the index rose 0.7 points to 95.7 in July from June’s reading. 2. The latest Job Openings and Labor Turnover Summary , or JOLTS report, from the BLS showed that job openings grew again in June, to 4.67 million from 4.635 million May. This is slightly better than the 4.6 million openings that were expected by economists. The June report showed that the hires rate was up 0.1% to 3.5% in June, while the separations rate was unchanged at 3.3%.
Will this be a breakout year for Chinese stocks?
“At present, China’s A-shares, especially blue chip counters such as ICBC, CCB, Ping An and China Life are still are trading at a steep discount over H-shares so that should present good opportunities for investors,” he said.
This will give Chinese equities a leg-up
Daryl Liew, Head of Portfolio Management at REYL, explains the positive boost that the Shanghai-Hong Kong Stock Connect program can have on the Chinese stock market.
Ryan Huang, market strategist at IG , notes that Chinese stocks are still cheap compared to other major markets. The Shanghai Composite is trading at a forward P/E of about 9 times, much lower than forward P/E of S&P 500 at 16 times and the Nikkei 225 at 17 times. “I see no signs that will hold back stock prices.
Asia Stocks Fluctuate on Earnings, Japan Economic Data – Bloomberg
Economists have been adjusting forecasts lower for Japans GDP, and I think that prepared the market for the data. The Hang Seng China Enterprises Index of mainland shares traded in Hong Kong and the citys benchmark Hang Seng Index fell 0.1 percent. Chinas Shanghai Composite Index dropped 0.2 percent. Economists predict China will report a 12.5 percent increase in retail sales for July from a year earlier, up from 12.4 percent in June. Growth in factory output probably held at 9.2 percent, according to a Bloomberg survey of analysts. Mainland credit data is due as soon as today.