Stocks -Europe
European stocks were seen climbing on Tuesday, rising for a third day as markets across the region reopened after the Easter holiday. Stocks in the US were seen trading higher while in Asia, stocks were in between losses and gains.
The pan-European Euro Stoxx 50 opened 0.34% higher, trading at 3,166.37, while the French CAC 40 climbed 0.38% to 4,448.53 at the time of writing. At the same time the German DAX rose 0.45% to 9,451.97 and UK’s benchmark FTSE 100 edged up 0.49% at 6,658.03.
In the US, stocks climbed for a fifth day, as the benchmark Standard & Poor’s 500 Index booked its longest rally since October 2013. The ruble weakened on Tuesday as the US warned Russia with further sanctions against the country which may come within the next few days. Officials from Russia, Ukraine, the US and the European Union have tried to make efforts to ease the crises between the nations, by meeting in Geneva and holding talks on Thursday.
However, the tension continues to escalate as the deadly shootout that occurred over the weekend left at least three people dead in a city in eastern Ukraine.
Stocks – Asia
Shares in Asia were mostly trading mixed, with gains led by Japan while in China; traders experienced a highly volatile session. Meanwhile nineteen new companies were listed in China for IPOs on the China Securities Regulatory Commission on Monday.
The Japanese benchmark Nikkei 225 declined 0.85% to 14,388.77, while Tokyo’s Topix index fell 0.76% to 1,162.50.
The electric distributor, Tokyo Electric Power gained the most on the Nikkei 225, climbing 4.3%.; while Yaskawa Electric fell 4.1% at the time of writing. The yen fell 0.08% lower at 102.66 yen against the US dollar at the time of writing.
China
In China, Hong Kong’s Hang Seng shed 0.26% to 22,6700.95, while the mainland benchmark Shanghai index fell 0.48% lower to 2,056.91.
HSBC Holdings Plc’s and Markit Economic’s preliminary purchasing managers’ Index for China is expected to be published on Wednesday, with forecast of a reading of 48.3% for April, up from the previous reading of 48 seen in March but still below 50 which signals contraction.
Hang Lung Properties gained 0.4%, while the power generation company, China Resources Power plunged 10% in Hong Kong.
Stocks – Australia
Australia’s benchmark S&P/ASX 200 climbed 0.35% to 5,473.20. Karoon Gas Australia rose 3.8%, while the gold-miner Evolution Mining lost 6.7%. New Zealand Exchange 50 Gross Index edged up 0.03% to 5,104.94.
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