Global Indices & Market News
Global stock market review
U.S. S & P 500 Index rose 0.88%. Hong Kong's Hang Seng Index and Nikkei 225 index dropped 2.75% and 3.25% respectively.
Germany raises GDP growth forecast for 2014 to 1.7%
Germany's economics ministry has raised its economic growth projection for 2014 to 1.7% from 1.6% previously estimated. The government still expects gross domestic product growth this year to be 0.5%, the newspaper reports.
Euro-zone Consumer Confidence rose for 11th month in October
Euro-area consumer confidence increased for an eleventh month in October. An index of household confidence in the euro zone rose to minus 14.5, the highest level since July 2011, from minus 14.9 in September, the European Commission in Brussels said in a preliminary report last Wednesday.
South Korea GDP rises 1.1% in Q3
South Korea's economy grew 1.1% in the third quarter from the previous three months, led by private consumption and construction investment, the central bank estimated last Friday.
Japan cuts view on exports in October
The Japanese government downgraded its assessment of exports for the second straight month in October, citing slowing shipments of automobiles to the U.S. and Southeast Asia as well as chemical goods to China.
Payrolls in U.S. Rise Less Than Forecast
Employers in the U.S. added fewer workers to payrolls than projected in September. The addition of 148,000 workers followed a revised 193,000 gain in August that was larger than initially estimated, Labor Department figures showed last Tuesday. Unemployment fell to 7.2 percent, the lowest level since November 2008.
U.S. initial jobless claims fall by 12,000 last week
Last Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 18 declined by 12,000 to a seasonally adjusted 350,000.
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