• Google Inc.+13.74 - +1.72%
  • Apple Inc.+1.05 - +0.90%
  • Facebook Inc.+1.21 - +0.92%
  • S&P 5002151.33+10.17 - +0.47%
  • FTSE 1006986.40-34.07 - -0.49%
  • EUR/USD1.0878
  • GBP/USD1.2216
  • USD/JPY104.4620
  • EUR/GBP0.8905
  • AUD/USD0.7617

Binary options news October 1 2014

Binary Options Market Review

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Headlines of today’s daily binary options news:

  • The Chinese and Hong Kong markets were closed in observance of National Day.
  • The Asian markets traded broadly lower on increased geopolitical tensions and a much stronger dollar
  • The Nikkei posted a 0.56% loss in today’s session as civil rest continues to boil over in Hong Kong
  • The over-the-counter market in Japan saw a massive $617 billion in erroneous stock orders at one time
  • Auto sales throughout Japan dropped 0.8% in the previous month, extending a drop in Asian demand
  • Industrial & Commercial Bank of China Ltd and the three largest banks in Japan will work in Myanmar
  • Chinese policy makers pulled back property restrictions for the first time since the global credit crunch
  • Protestors in Hong Kong have stepped up their push to force Leung Chun-ying to resign his position
  • Indian factories expanded at their slowest monthly pace this year in September on less new orders
  • The European markets are trading heavily lower on a poor macroeconomic picture and other data
  • Factories in the euro-area cut prices in September by the most in more than one year on weak figures
  • An auction for German ten-year debt yielded less than 1% today on widespread ECB speculation
  • Greek bonds increased today for the first time in four days on even more stimulus plan speculation
  • Wall Street experienced a moderately lower session on Tuesday on disappointing economic figures
  • United States Consumer Confidence and home prices came in worse than anticipated in September
  • eBay Inc traded more than 7.5% higher in Tuesday’s session on news of plans to spin off PayPal
  • Ford Motor Company traded more than 2% lower in the previous session on abysmal profit forecast
  • Walgreen Company spiked in the early session but finished around 0.6% in the negative on Tuesday
  • Teekay Corporation saw a gain of 13.7% in the previous trading session on its new dividend plan

The Asian markets traded broadly lower in today’s session as increased geopolitical concerns combined with a much stronger dollar weighs on sentiment. The Nikkei was not able to hang on to positive territory in today’s trading session as civil rest continues to boil over in Hong Kong. The index posted a 0.56% loss by the closing bell of trading. The over-the-counter market in Japan saw some major troubles today and ended up canceling a massive $617 billion in erroneous stock orders from dozens of the largest corporations in Asia. The nation’s stock exchange canceled more than 40 requests that added to an amount larger than the economy of Sweden before they could be executed. The largest order was for around 2 billion shares of Toyota Motor Corp, which would have equated to around 57% of its total outstanding shares in one single transaction. Other stocks that saw erroneous trades were Sony Corp, Nomura Holdings Inc, Canon Inc, and Honda Motor Co. Japanese auto sales were one of the worst economic figures to be released in today’s session, showing an 80 basis point decline on a month-over-month basis. The figures suggested to analysts closely monitoring the situation that Asian demand continues to fall following the increase in consumption tax in Japan. Massive companies like Nissan Motor Co, Honda Motor Co, and Toyota Motor Corp have announced recently that they will scale back production to an extent due to the reduced demand. Japanese officials were quick to admit that demand is not recovering quite as quickly as previously thought after the massive tax increase. Industrial & Commercial Bank of China Ltd and the three largest banks from Japan will reportedly all participate in opening up operations in Myanmar. The Southeast Asian nation has been isolated from the global economy for more than fifty years, and foreign investors are just starting to see the opportunity to get in on the ground floor of the newly industrializing society. Nine banks received preliminary approval by the Myanmar foreign bank licensing committee to begin operations in the nation, which many believe will help to reconnect the nation to the rest of the world after decades of military rule. A number of commitments will need to be satisfied during the agreements, but investors took this move as a great sign. Chinese policy makers and regulatory officials announced this morning that they have pulled back property restrictions for the first time since the global credit crunch threatened to create a worldwide standstill in the banking sector. The world’s second-largest economy has begun to see economic growth overpower the concerns towards the affordability of housing in most of the nation. The People’s Bank of China said that individuals applying for a loan to purchase a second home will have lower down payments and mortgage rates, which were previously only available to first-time home buyers. The deal will be stipulated by the individuals having paid off their original mortgage already. With gross domestic product growth threatening to drop below the target level of 7.5%, Premier Li Keqiang is doing whatever it takes to ramp up output. During ceremonies that mark China’s National Day, protestors in Hong Kong have ramped up their efforts to get Leung Chun-ying to resign as the city’s top official. Hong Kong citizens are increasingly upset about the situation in which they were promised a democratic election by 2017 from the Chinese government, who ultimately pulled back the statement and offered to allow an election in which Beijing selects the candidates. Many individuals in the city feel betrayed by the mainland and the city’s top official for not doing more to protect individuals’ rights to vote for officials. In fact, Leung stood in Golden Bauhinia Square this morning and defended the mainland’s plan to vet all candidates, which fired up protestors even more. Indian factories grew at their slowest pace so far this year on a monthly basis in September. Analysts noted that the growth in new orders was the main factor. The Nikkei lost (-0.56%), the Kospi lost (-1.41%), the Sensex lost (-0.23%), the Hang Seng was closed, and the Shanghai Composite was closed.

The European markets are trading heavily lower on a poor macroeconomic picture of Italy and other disappointing data. Factories throughout the euro-area reported that they were forced to slash prices throughout September, which was the biggest price drop in more than one year. Manufacturing in the largest nation of the region also slowed by an unexpected amount and caused some concern over the short-term future of the sector. The weakness throughout the region has caused a number of investors and analysts to ramp up their criticism of Mario Draghi and the European Central Bank. Many believe that the central banker should be doing more to support the core and peripheral economic recoveries of the region. Analysts note that the weakness can spread quite easily in such an interconnected system, and other nations need to assure that manufacturing is heading in the right direction. An auction for German ten-year debt yielded less than 1% today according to experts who witnessed the matter. Investors and analysts were surprised to see the figure fall where it did amid the rampant speculation that the European Central bank will end up delivering more monetary stimulus to the region economy. The largest economy in Europe sold around $5.2 billion of the 1% securities that will mature in August of 2024 at an average yield of 0.93%. Often in times of economic uncertainty, German debt becomes a safe haven for portfolio managers who must remain invested in core European debt. Consistent with the rest of the news out of the region today, Greek bonds increased for the first time in four days today as traders and investors try to figure out what will be done by the ECB. Ten-year yields in Greece dropped the most in more than one month following a report from Financial Times that suggested changes in the requirements on the quality of assets. Once again, the main part of the story was centered around the nation’s ability to seek financing and the possible ramifications of a new and/or unique monetary stimulus solution from the region’s central bankers. The FTSE 100 lost (-0.71%), the DAX lost (-0.39%), and the CAC 40 lost (-0.84%). (9:30am EST)

Wall Street experienced a moderately lower trading session on Tuesday as traders were disappointed with recent economic figures; the markets are trading lower in the early session. Traders and investors in the United States largely opted for bearish positions in the previous session in the face of mounting geopolitical issues and disappointing economic figures. Consumer confidence in the United States has reportedly dropped further than analysts predicted, and the fact that home prices were also not able to live up to expectations was a major contributing factor to the lower level of confidence. Analysts also noted that regional manufacturing activity slowed more than expected. eBay Inc was one of the most talked about companies in the U.S. during yesterday’s session as a major reversal of policy and strategy has surprised investors. The company announced that it will be giving in to the massive pressure applied by ‘activist’ investor Carl Icahn, who owns a 0.8% stake in the online auction service company. Icahn has been pressing eBay Chief Executive Officer John Donahoe to consider selling PayPal or spinning it off into an independent unit, but the company has up until now stood firm. The company, however, reported that it will take Icahn’s advice in the near future. Shares surged more than 7.5%. Ford Motor Company was one of the worst performing stocks in the U.S. and one of the most talked about companies. The iconic car company announced to investors that profit for the full-year 2014 could end up around $2 billion lower than previously estimated. An article released this morning from The New York Times suggests that the hundreds of thousands of recalls in North America has pushed Ford deeply negative for the period. Pretax profit is actually expected to fall between $6 billion and $7 billion, which is notably lower than the previous set of expectations. The company has recently recalled vehicles including the Escape. Walgreen Company spiked dramatically higher in the early morning session but was not able to maintain the gain through the closing bell. The company announced to investors early in the day that it has posted a massive $866 million loss in the most recent quarter, which translates to a loss of $0.25 per share. During the comparable period one year ago, the company was able to post profits of $650 million. Analysts say that the Illinois-based company’s purchase of a 45% stake in Alliance Boots was a major contributing factor to the grim quarterly financial numbers. Shares traded 0.6% lower. Teekay Corporation was one of the best performing stocks in the United States in yesterday’s trading session after the company announced big news regarding shareholder payouts. Investors responded very positively to news that the firm will increase its dividend rate by around 75-80%, which dramatically changes the game for investors holding a large number of Teekay shares. The company said in very clear language that its cash flow contributions from the company’s general partnership and limited partnership will be distributed heavily to shareholders. Especially with interest rates remaining at record-lows for the time being, investors are increasingly attracted to dividend stocks. The Dow Jones lost (-0.17%), the S&P 500 lost (-0.28%), and the Nasdaq lost (-0.28%).

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