|Day's range||26,055.779 - 26,280.660|
|52-week range||24,540.631 - 33,484.078|
Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
The US S&P 500 tumbled as much as 2.9 per cent at one point, sending investors scrambling for safer assets, but clawed its way back to end the day off 0.2 per cent. The Dow Jones Industrial Average closed down 0.3 per cent, after falling as much as 3.1 per cent, while the Nasdaq eked out a 0.4 per cent gain by day’s end. The turbulence sent investors scrambling for the safety of highly rated government debt, pushing the 10-year Treasury yield down to a four-month low of 2.82 per cent, before settling at 2.90 per cent, down 2 basis points for the day.
Renewed worries over US-Chinese trade relations and steep falls for oil prices ensured another turbulent session for global stock markets. The Dow Jones Industrial Average fell 0.3 per cent but the tech-heavy Nasdaq Composite ended with a gain of 0.4 per cent.
The regional gauge fell 1.8 percent, heading for its biggest daily plunge in six weeks as markets from Tokyo to Hong Kong and Mumbai sank. In just three days, the rally seen last week in anticipation of Presidents Donald Trump and Xi Jinping’s trade discussions has more than vanished, with Asian equity values taking their losses from a January high to $6.2 trillion.
China-focused stocks were the among the worst performers in the region on Thursday after the arrest of Huawei's chief financial officer in Vancouver reignited concerns about US-China trade tensions. The ...
Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's ...
U.S. equity futures rose after a crushing session on Tuesday sent stocks plunging to their worst performance in nearly two months.
Gains followed China’s announcement that it will swiftly follow through on trade pledges made at the weekend meeting of Presidents Donald Trump and Xi Jinping. Given the market attention on inversions of parts of the U.S. yield curve, gains when Wall Street reopens Thursday may be limited.
Monday’s 2 percent surge in Asian stocks is now all gone. Tuesday’s slump was mainly due to a big sell-off in Japan amid profit-taking and concerns surrounding the lack of clarity around the 90-day trade-war cease-fire. Then U.S. stocks plunged overnight and, by extension, the decline came to Asia.
Major European bourses faced selling pressure in early trade on Wednesday as a rally which started earlier in the week on the back of a possible respite in the China-US trade war came to a halt. The Europe-wide ...
Here is where we are: Asian shares took a breather Tuesday, with the MSCI Asia Pacific Index coming off from an almost two-month high. Chinese shares fluctuated between gains and losses, and Hong Kong’s Hang Seng Index ended up rebounding after falling 0.7 percent. The theories swirling around the short-lived rally in Asian stock markets include:A lot could happen in 90 days and there hasn’t been much clarity past that.
An early 440-point gain in the Dow Jones Industrial Average shrank to 132 points by late morning as investors weighed President Donald Trump’s weekend agreement to delay a planned increase in tariffs on Chinese goods. While the combination of a less-aggressive Federal Reserve and ebbing trade tensions sparked the best week for U.S. stocks in seven years, Wall Street remains split on whether that’s enough to overcome the weakening global economic fundamentals that sent the S&P 500 Index into a correction last month. For Peter Tchir, head of macro strategy at Academy Securities, the truce opens the path to a more lasting trade deal, clearing the way for a rally in risk assets.
Monday 21.00 GMT The US-China trade war ceasefire and a strong rally for oil prices helped drive global stock indices sharply higher — particularly in emerging markets — led by the resources, technology ...
The dollar lost ground to its Asia-Pacific peers, with the Australian dollar, which is seen as exposed to regional trading volumes, gained 0.7 per cent to $0.7367 against the greenback. The onshore Chinese renminbi exchange rate, which moves within a trading band of 2 per cent either side of a daily midpoint set by the People’s Bank of China, was also up 0.7 per cent at Rmb6.9074 per dollar.
Chinese equities rallied, the renminbi gained ground and Treasury yields rose, pushing down prices on Monday as markets reacted to the temporary truce in the US-China trade dispute struck by Donald Trump and Xi Jinping over dinner in Buenos Aires on Saturday. In China the CSI 300 index of major stocks in Shenzhen and Shanghai jumped 2.7 per cent in early trading. The S&P/ASX 200 in Sydney was 1.5 per cent higher and Tokyo’s Topix added 1.4 per cent. Hong Kong’s Hang Seng index gained 1.9 per cent and the Hang Seng China Enterprises index of major Chinese stocks listed in Hong Kong was up 2.3 per cent.
US stocks gained ground — although the mood remained uncertain as the G20 summit got under way in Argentina — at the end of a week that saw markets react strongly to the surprisingly dovish tone of a speech by Jay Powell, chairman of the US Federal Reserve. “But there is no appetite in the US administration or in Congress for easing pressure on China’s strategic advance against US economic interests.
Major stock indices in Asia-Pacific posted muted gains on Friday ahead of a meeting on trade between US President Donald Trump and China’s Xi Jinping at the G20 in Argentina this weekend. Comments from the Trump administration this week have tempered expectations for the talks and news that presidential adviser and known China hawk Peter Navarro will be present at the talks dampened sentiment on Wall Street overnight.
Asia-Pacific equities rose in early trading on Thursday, following a jump on Wall Street overnight after investors interpreted comments from Federal Reserve chairman Jay Powell as a signal the central ...
Stock markets are up for a third day in a row, setting the scene for the first monthly gain since July. Volatility on the MSCI Asia Pacific Index has been on a downward trajectory and is currently sitting at a level not seen in seven weeks, before the major U.S. sell-off. Simple: the big dinner that Donald Trump and Xi Jinping will have on Saturday in Buenos Aires.
Equity markets were mostly higher in Asia-Pacific trading despite a fresh salvo from the Trump administration casting doubt over the potential for a reprieve in the US-China trade dispute. The CSI 300 index of major Shanghai and Shenzhen stocks rose 1.2 per cent after a sluggish start, while in Hong Kong the Hang Seng China Enterprises index was up 0.9 per cent.
The CSI 300 index of major Shanghai and Shenzhen stocks opened 0.2 per cent higher and in Hong Kong, the Hang Seng China Enterprises index was up 0.3 per cent. Havens were subdued with the Japanese yen steady at ¥113.77 against the dollar and gold basically unmoved at $1,214 an ounce. Natixis senior economist Trinh Nguyen said markets have already priced in some bad news from G20 but if both leaders move further apart, the result would be “negative not just for China but the US, emerging Asia and Europe, which already has slowing momentum”.
The S&P 500 advanced for a second day in a row, with health care and consumer staple companies pacing gains. President Donald Trump’s economic adviser Larry Kudlow said Wednesday Trump is open to a trade deal with China, which followed threats of more tariffs by the president ahead of meeting with his counterpart Xi Jinping. The 10-year Treasury yield edged higher, while the dollar gained for a second day after comments by several Federal Reserve officials, including Vice Chairman Richard Clarida who backed gradual rate hikes.
After stock markets skidded last week, and with bond traders reducing expectations for the pace of U.S. monetary policy tightening, Powell has the opportunity to shed light on prospects for a pause in a speech Wednesday. The sit-down between Presidents Xi Jinping and Donald Trump has heightened hopes of a resolution to the trade war ahead of the next escalation of tariffs. Coming UpPresidents Donald Trump and Xi Jinping plan to meet at the G-20 summit in Argentina that kicks off on Friday.Federal Reserve Vice Chairman Richard Clarida speaks in New York on Tuesday and Powell addresses the New York Economic Club on Wednesday.
SINGAPORE (AP) — World markets mostly rose on Monday on hopes for an easing in the U.S.-China trade war, an interim deal on Brexit, and a stabilization in the volatile price of oil.