|Day's range||23,582.15 - 23,781.75|
|52-week range||20,213.66 - 24,129.34|
European markets climbed Thursday following a mixed day in Asia, buoyed by hopes the U.S. and China will proceed with talks to tackle their escalating trade dispute. ASIA'S DAY: Japan's Nikkei 225 was flat at 23,674.93, after the ruling Liberal Democratic Party gave Prime Minister Shinzo Abe the go-ahead for a third term, ending in 2021. US-CHINA TRADE: Starting Monday, the U.S. will place a 10 percent tariff on $200 billion more in Chinese goods.
Impressive 2nd GDP numbers drive the Kiwi, with Brexit and retail sales numbers putting the Pound in the spotlight.
SINGAPORE (AP) — Asian markets were mostly higher on Thursday with narrow trading after news of a fresh round of tariffs by the U.S. on $200 billion in Chinese goods received a muted reaction on Wall Street.
TOKYO (AP) — Asian shares were mostly higher Wednesday, despite jitters over the escalating trade dispute between the U.S. and China.
It’s been a bullish start to the day, in spite of rising trade war tension, the Aussie Dollar leading the way, focus now shifting to UK inflation.
Japan’s Topix index completed its biggest advance over a four-day period since November 2016 while the yen remained near a two-month low against the dollar as investors brushed off concerns of a trade ...
U.S. equities edged higher and Treasuries declined as investors assessed the latest developments in the varied trade disputes. Grocers dropped on a report that said Amazon Inc. is considering opening as many as 3,000 cashierless stores. Shares of Caterpillar Inc. and The Boeing Co. helped push up the Dow Jones Industrial Average after China said it won’t devalue its currency.
Asian stocks looked set to extend a rally in the wake of the latest salvos in the trade war that look likely to be less intense than many had feared. Treasuries held losses and the dollar remained steady....
The mild response by investors to the new tariffs suggests investors may be waiting to see which industries China decides to target in its retaliation. Again, the thought is, why sell the whole market when only a few sectors, industries or stocks may be negatively affected by China’s retaliatory efforts. The Australian Dollar is trading higher early Tuesday, bucking the negative tone set earlier in the session by new tariffs on China by the U.S. and relatively tame Reserve Bank of Australia monetary policy meeting minutes.
Another set of tariffs on China supporting the U.S Dollar early on, with the RBA meeting minutes failing to give the Aussie Dollar a boost.
Economic data could take a back seat through the day, the markets more eager to see whether there is a green light for U.S – China trade talks.
The embattled Philippine peso needs a break and it may soon get one. More than 10 million overseas Filipinos are preparing to send record amounts of money home for the Christmas and New Year holidays -- a period when remittances pick up -- with analysts from MUFG Bank Ltd., Standard Chartered Plc and Nomura Holdings Inc. saying those funds will help ease pressure on the currency. Since 2009, the highest monthly remittances value was in every December and last year’s $2.7 billion inflow in the month was the largest ever, according to central bank data.
The embattled Philippine peso needs a break and it may soon get one. More than 10 million overseas Filipinos are preparing to send record amounts of money home for the Christmas and New Year holidays -- a period when remittances pick up -- with analysts from MUFG Bank Ltd. and Standard Chartered Plc saying those funds will help ease pressure on the currency. Since 2009, the highest monthly remittances value was in every December and last year’s $2.7 billion inflow in the month was the largest ever, according to central bank data.
In China, Fixed Asset Investment came in at 5.3%, slightly below the 5.5% forecast. Industrial Production rose 6.1%, slightly above the 6.0% estimate. Retail Sales came in 9.0% higher, versus an 8.8% forecast. The Unemployment Rate dipped from 5.1% to 5.0%.
Economic data out of China was better than expected this morning, supporting improved risk appetite, with focus to shift to U.S retail sales and the USD.
The S&P 500 and Dow finished just in the green after slumping midday, when Bloomberg News reported that President Donald Trump instructed aides to proceed with tariffs on about $200 billion more in Chinese products. Financial markets were whipsawed this week by conflicting reports on the status of trade relations between the world’s two largest economies. “When the headlines hit, the knee-jerk reaction in the market is to either sell off or gain immediately,” Quincy Krosby, chief market strategist at Prudential Financial Inc, said by phone.
Asian stocks looked set to extend a rally after technology shares drove U.S. equities higher. The dollar fell after data showed a gauge of underlying U.S. inflation unexpectedly cooled in August. Futures signaled equities in Japan, Hong Kong and China will start Friday higher, building on Thursday’s rally as investors assess whether trade frictions between the world’s two biggest economies are easing.
TOKYO (AP) — Asian shares were mostly higher Friday, continuing their rally after gains on Wall Street and hopes that regional trade tensions may ease.
SINGAPORE (AP) — Many global markets climbed Thursday following a report that the U.S. has proposed a new round of trade negotiations with China before going ahead with plans to slap tariffs on $200 billion or more in Chinese goods.
Three main factors lift-up developing countries’ share markets. Global stocks rise on hopes of new trade talks. Investors await the ECB and BoE decisions.
Monetary policy to drive the EUR and the GBP this afternoon, with inflation figures to hit the USD, while Brexit, NAFTA and Trump will also be a factor.
SINGAPORE (AP) — Asian markets were mostly higher on Thursday after a report that the U.S. had proposed a new round of trade negotiations with China quelled fears that a dispute between the world's two largest economies was spiraling out of control.
Some Japan equity strategists are recommending investors hold off any hunt for bargains until trade tensions cool after U.S. midterms. A possible decline in protectionist rhetoric once congressional elections end in November may allow investors to focus on Japan’s strong earnings that have been overlooked because of fears of a trade war with the U.S., according to analysts. Japanese stocks have borne the brunt of Asia’s slump because many market participants consider the shares to be cyclical, meaning that global investors tend to sell them first on signs of an economic slump.
World markets were mixed Wednesday as investors focused on trade tensions, with China delaying licenses to American businesses ahead of expected tariffs from Washington. The price of oil continued to rise on concerns that Hurricane Florence could disrupt supplies.