|Day's range||22,316.52 - 22,692.86|
|52-week range||19,239.52 - 24,129.34|
LONDON (AP) — Global shares rose Friday as investors focused on a run of earnings statements from U.S. banks. The British pound, however, was in retreat after President Donald Trump appeared to dash hopes of any imminent U.S.-U.K. trade deal.
While risk appetite returns to the markets, the Dollar looks to have found its some upside in the early part of the day, though it could all change should sentiment towards trade tariffs take another turn.
China reported Friday that its June imports rose 14.1 percent in dollar-denominated terms, falling short of a 20.8 percent increase expected by analysts. China’s exports, meanwhile, slightly topped expectations by rising 11.3 percent in June. China also said on Friday that its trade surplus with the U.S. grew to $28.97 billion in June, according to data from China’s customs office.
China had started trading, and it had opened higher. “If you look on a daily basis, Japan seems to take its direction from China,” said Jonathan Allum, a strategist at SMBC Nikko Capital Markets Ltd. in London. With a 5.9 percent decline this year, the Topix is headed for its worst annual performance since 2011.
Stocks were off to a strong start Thursday, as the tone improved in U.S. trade war and NATO rhetoric. Airlines rallied on Delta Air earnings. CA spiked on takeover news.
LONDON (AP) — Global stock markets recovered some of the previous day's losses Thursday as investors weighed up the latest developments on a possible global trade war.
The risk tap opened this morning, providing much needed support for the Asian equity markets and the commodity currencies, with focus now shifting to the release of the ECB policy meeting minutes and U.S inflation figures.
According to the U.S. Labor Department, the producer price index for final demand climbed 0.3 percent last month. In the 12 months through June, the PPI advanced 3.4 percent, the largest gain since November 2011. Traders were looking for an increase of 0.2 percent and an annual gain of 3.2 percent.
Asia stocks are set for a muted start to trading Thursday as investor concerns around a trade war between the U.S. and China showed little sign of abating. The S&P 500 dropped the most in two weeks, as energy and material producers tumbled on renewed angst that the Trump administration’s trade stance will damp demand for commodities. The dollar saw the biggest rise in a month, while the Japanese yen and Chinese offshore yuan dropped.
Stocks rallied as trade tensions appeared to ease after China held off from immediately retaliating against the latest U.S. salvo. The S&P 500 Index closed at the highest level since February as China seemed to strike a conciliatory tone in reaction to President Donald Trump’s newest escalation of the trade war between the two countries. Technology shares led gains, sending the Nasdaq Composite Index to a record.
Stocks and global markets shifted sharply lower Wednesday, as an expansion of the U.S.-China trade war threatened to snap the market's four-day win streak.
A potential $200 billion escalation in the U.S. trade war with China sent stock futures and China's markets sprawling early Wednesday. AAR and WD-40 dived on earnings news, as a handful of oil names stuck close to buy points.
Trump’s threat of more tariffs hit the Aussie and Kiwi Dollar and risk appetite in general through the Asian session, as the markets look ahead to Draghi later this morning and the Bank of Canada’s rate hike and policy outlook this afternoon.
LONDON (AP) — Global stock markets tracked Wall Street higher Tuesday amid waning trade war fears and hopes about the upcoming U.S. corporate earnings reporting season.
While a number of the majors are in recovery mode, the Pound as come under renewed pressure as high profile members of the Tory Party resign over Brexit, with the threat of another General Election becoming every more real.
Stocks in Asia look set to extend recent gains, following U.S. shares higher, amid optimism the upcoming earnings season will be sufficiently robust to overshadow a rise in trade tensions. The dollar gained versus major peers and Treasuries retreated. Futures rose on indexes in Japan, Hong Kong and Australia after the S&P 500 Index climbed for a third day toward the upper end of its trading range.
U.S. equity futures erased gains after it was revealed that the Trump administration is preparing a list of more Chinese goods to be hit with tariffs. Stocks had climbed in the regular trading session Tuesday and Treasuries fell as a lull in the trade war gave investors room to focus on the start of earnings season. Earlier, the S&P 500 Index closed higher for a fourth day, the longest streak since the beginning of June.
Rising global trade tensions are morphing into a conflict fought with currency devaluations that historically have proven even more important than tariffs in influencing economic growth and financial markets. This shift, which is aimed at gaining export competitiveness, is important for investors partly because it will increase volatility in foreign-exchange rates, making expected returns from global investments less predictable.
It’s been risk on through the early part of the day, with only the U.S Dollar suffering as the markets look beyond the trade tariffs to positive economic data out of the U.S and Germany, though sentiment could turn should Trump make any more moves on trade tariffs.
Alongside the River Krishna sits Amaravati, an ancient Buddhist pilgrimage site that until recently was home to thousands of acres of fertile farms growing bananas, sugar cane, cotton, rice, spices and vegetables. Its planners are dreaming big: the new Amaravati will have an eco-friendly transport system that includes water taxis, electric vehicles and even a possible hyperloop, if the sealed-tube train system championed by Elon Musk ever gets off the ground. It will be cycle-friendly and walkable, with Amaravati’s expected 3.5m residents able to find most of life’s daily necessities within a 15-minute walk.
The trade dispute between the U.S. and China escalated Friday, but Wall Street focused on a solid jobs report instead.
The China trade war got underway Friday, as stronger-than-forecast June jobs growth bolstered early trade. Biogen spiked on trial results of a new Alzheimer's treatment.
SEOUL, South Korea (AP) — Global markets were mixed Friday as the U.S. and China slapped each other with tariffs, with investors monitoring the rhetoric for signs of a further escalation in the trade dispute.