|Day's range||26,065.230 - 26,219.000|
|52-week range||2,618.610 - 33,484.078|
Asia-Pacific equities lost momentum on Friday and the pound dipped as British Prime Minister Theresa May faced opposition to her Brexit rescue plan in Brussels. In Japan, the Topix was down 1.5 per cent as technology stocks shed 2.4 per cent and energy stocks fell 1.6 per cent.
Asia-Pacific equities lost momentum on Friday while data from China showed retail sales grew at the slowest pace in more than 15 years. Markets have been buffeted over the week by varying signals on progress over a resolution of US-China trade tension.
The dollar jumped after the European Central Bank sounded a cautious note on growth. The S&P 500 Index finished the session little changed, with about three decliners in the benchmark for every two that rose. The Dow Jones Industrial Average eked out a gain, led by Procter & Gamble and McDonald’s. The greenback edged higher as U.S. jobless claims came in below estimates.
It’s a big day for Europe, with the ECB Press Conference to drive the EUR and Theresa May’s last ditch efforts in Brussels to influence the GBP.
The S&P 500 rose 0.5 percent after an afternoon slump that pared its gain by more than half. All rallies are suspect,” said Michael Antonelli, the managing director at Robert W. Baird & Co. The early gains came as signs emerged that trade tensions would ease, first after the arrested Huawei executive was granted bail and then when President Donald Trump suggested he could use his influence to calm that situation as part of a deal with China.
Global equities took their cue from positive developments on the US-China trade front after Donald Trump delivered some upbeat comments about the prospects for a deal — although once again, Wall Street pared an early advance in late trading. The FTSE MIB index in Milan gained 1.9 per cent.
(Bloomberg) -- The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low.
It’s all eyes on the Pound as talks of a vote of no confidence hit the wires ahead of a make or break emergency EU gathering tomorrow.
The S&P 500 Index started out strong, took a turn down, then recovered from the day’s lows as key Senate leaders signaled a desire to avoid a government shutdown hours after Donald Trump threatened to do so in a spat over funding for his border wall. Carmakers rose as China signaled it may cut tariffs on auto imports, but investors were cautious about a broader deal. U.S. markets have been whipsawed in recent weeks as traders searched Trump’s tweets for clues about the outlook for trade talks, tried to decide if a stock selloff could prompt the Federal Reserve to pare back rate increases and evaluated economic data that signaled a slowdown may be coming.
While news that top Chinese and American trade officials talked over the phone helped the region’s shares almost erase early Tuesday losses, the MSCI Asia Pacific Index soon headed back in the red. There’s been a deluge of bad news in recent days -- from the unsolved case about the arrest of Huawei Technologies Co.’s chief financial officer to the surprise exit of India’s central-bank governor on Monday evening -- and the optimism seen after the 90-day trade truce between the U.S. and China is far gone. Since Dec. 3, Asian stock markets have already lost more than $1 trillion in market value, with the regional gauge trading at a six-week low.
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
Major U.S. indexes finished in the green, buoyed by rallies in Facebook Inc. and Microsoft Corp. The pound tumbled as traders took a grim view of the outlook for the U.K. after Theresa May delayed a crucial Brexit vote. Investors found an excuse to buy the dip Monday after the S&P 500 fell to the lowest intraday level since April, continuing a volatile period for U.S. equities.
The sell-off in global equities deepened in Asia hours after Chinese economic data released over the weekend signaled a further weakening of both domestic and international demand in November. Adding insult to injury, tensions have ratcheted up after the arrest of Huawei Technologies Co. Chief Financial Officer, with China’s Vice Foreign Minister having summoned the U.S. Ambassador to China in a protest over her capture on Saturday. Australia was the worst performer in the region with Japan’s, whose economy shrank more than forecast, while China’s stocks dropped with the offshore yuan weakening for a fourth day.
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
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 ...