• Global Stocks: U.S. Indices losing momentum

Market news

13 November 2014

Global Stocks: U.S. Indices losing momentum

The DOW Jones and S&P 500 were slightly down in yesterday's trading session not continuing marking new all-time highs as in previous 5 sessions. The DOW Jones closed with a very small loss of -0.02% at 17,612.20, the S&P500 was trading lower -0.07% closing at 2,038.25 points.

Hong Kong's Hang Seng was up 0.33% closing at 24,017.18, China's Shanghai Composite lost -0.31% closing at 2,486.67. Chinese data showed a slowdown with Industrial Production growing 7.7%, below forecast at 8.0% and Fixed Asset Investment growth at 15.9% also below its forecast of 16.0%. Retail sales declined to a growth of 11.5%, the lowest rate since 2006.

Japan's Nikkei closed with a gain of 1.14% at 17,392.79 closing near its seve-year high fuelled by expectations that Japan's Prime Minister Shinzo Abe will postpone the scheduled sales tax hike and rumours about snap elections being held in December.

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