Decrease Noted On World Platforms During Yesterday’s Trading Session

Published 01/14/2014, 06:11 AM
Updated 07/09/2023, 06:31 AM

During yesterday’s trading session, the American players preferred to take profit from the majority of stocks before the publication of the results of the large banks for the fourth quarter of 2013. Growth of some stocks by 25-30% last year in many respects could be considered as an advance, and fears that reports will not be able to meet expectations, forced the participants of the market to take a third-party position, and take profit.

As a result, the Dow Jones on Monday lost its maximum level of 1.10% since 20th of September, reaching the level of 16257.94 points.The S&P went back to the levels of the middle of December, decreasing by 1.26% to the level of 1819.20 points, and Nasdaq Composite decreased by 1.48% to the level of 4113.30 points.

In comparison to the American indices, the European indices spent the day in a boring side trend, however managed to close the trading session with a small increase. Important statistics in the region were not published, however there were no reasons for sales either. Following the results of the day, the index of the London stock exchange FTSE100, increased by 0.26%, the French CAC40 added 0.3%, and the German DAX appeared in a plus for 0.39%.

This morning, the main indices of the Asian-Pacific region, following the American trading session, show, in general, negative dynamics. The exception being the Chinese Shanghai Composite, adding 0.86%. The Japanese Nikkei fell upon 3.07%, the Korean KOSPI lost 0.24%, and the Hang Seng decreased by 0.45%. Today in Japan, data on trade balance for the November period in 2013 has been published, which showed record deficit, which caused such a steep correction.

During the day, the attention of investors will be concentrated on news coming from the US and the published data on retails, which will help participants to understand more deeply the current development of the economy in the USA. This data could cause increasing volatility on the currency market and influence further decrease in the stock market.

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