^N225 - Nikkei 225

Osaka - Osaka Delayed price. Currency in JPY
21,417.12
+83.25 (+0.39%)
As of 10:39AM JST. Market open.
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Previous close21,333.87
Open21,417.74
Volume0
Day's range21,377.27 - 21,464.93
52-week range18,948.58 - 24,448.07
Avg. volume67,131
  • Treasuries Extend Gains on Fed; Gold Hits '13 High: Markets Wrap
    Bloomberg18 minutes ago

    Treasuries Extend Gains on Fed; Gold Hits '13 High: Markets Wrap

    (Bloomberg) -- Treasuries extended gains, while Asian stocks were mixed after the Federal Reserve struck a dovish tone in its latest policy statement. The dollar weakened against all major peers.The 10-year Treasury yield dropped below 2% to its lowest since November 2016 and two-year rates continued to fall. Stocks saw modest gains in Tokyo and Hong Kong, and were little changed in South Korea and China. Gold climbed to its highest level since 2013. U.S. futures rose. Earlier, the S&P 500 Index edged higher as the Fed indicated an increased readiness to cut interest rates. Next up comes the monetary policy decision in Japan, where government-bond yields remained under pressure.Seven of 17 Federal Reserve officials now think it will be appropriate to lower the benchmark overnight rate by a half-percentage point by the end of the year, according to updated projections published Wednesday. The Fed cited “uncertainties” in the outlook that have increased the case for a rate reduction as officials seek to prolong the near-record U.S. economic expansion.“This was a more dovish result than many had expected,” Tiffany Wilding, U.S. economist at Pacific Investment Management Co., told Bloomberg TV. “When you have heightened uncertainty and potential trade-policy shocks at a time when the economy is already in a fragile state, it makes sense for the Federal Reserve from a risk management perspective to really guide toward interest-rate cuts if they are needed.”Bond traders are virtually certain that the Fed will ease policy as soon as next month. The rate implied for the July 31 Fed decision dropped by 7 basis points to about 2.06%. That suggests about 31 basis points of rate cuts by then. The January 2020 fed funds futures contract implies close to 75 basis points of easing by the end of 2019.Elsewhere, oil recovered to trade above $54 a barrel after a report showing a decline in U.S. crude supplies and record gasoline consumption and OPEC and its allies agreed an early July date to discuss extending production cuts. These are the main moves in markets:StocksThe MSCI Asia Pacific Index rose 0.5% as of 10:30 a.m. in Tokyo.Topix Index rose 0.1%.Kospi Index fell 0.1%.S&P/ASX 200 Index was little changed.Hang Seng Index rose 0.3%.Shanghai Composite Index was little changed.S&P 500 Index futures rose 0.3%. The S&P 500 Index closed up 0.3%.CurrenciesThe yen rose 0.5% to 107.59 per dollar.The offshore yuan rose 0.1% to 6.8898 per dollar.The Bloomberg Dollar Spot Index declined 0.3%.The euro bought $1.1264, up 0.3%.BondsThe yield on 10-year Treasuries fell five basis points to 1.98%.CommoditiesWest Texas Intermediate rose 1.2% to $54.42 a barrel.Gold rose 1.4% to $1,379.19 an ounce.\--With assistance from Sarah Ponczek, Vildana Hajric and Scarlet Fu.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bonds Surge, Stocks Rally After Fed Turns Dovish: Markets Wrap
    Bloomberg6 hours ago

    Bonds Surge, Stocks Rally After Fed Turns Dovish: Markets Wrap

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.U.S. stocks rallied for a third day and yields on shorter-maturity Treasuries tumbled after the Federal Reserve struck a dovish tone in its latest policy statement. The dollar weakened against almost all its major peers. The benchmark S&P 500 pushed within striking distance of an all-time high set April 30, led by gains in the health care, real estate and utilities sectors. The yield on the U.S. two-year note fell by as much as 12 basis points to 1.74% after the central bank kept rates steady and signaled a readiness to cut interest rates for the first time in more than a decade.“We’re definitely hearing a decidedly more dovish Fed,” said Mike Loewengart, vice president of investment strategy at E*TRADE Financial. “While you could point the finger at pressure from the White House, it’s key to remember that the Fed’s focus has always been on two things and two things only: Jobs and inflation.”Chairman Jerome Powell and colleagues dropped a reference in their statement to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year. Policy makers kept their key rate in a range of 2.25% to 2.5%.Bond traders are virtually certain that the Fed will ease policy as soon as next month. The rate implied for the July 31 Fed decision dropped by 7 basis points to about 2.06%. That suggests about 31 basis points of rate cuts by then. The January 2020 fed funds futures contract implies close to 75 basis points of easing by the end of 2019.As many of the world’s biggest central banks signal a shift to easier policy, traders are weighing that against trade war fears and signs of cooling global growth. U.S. President Donald Trump said Tuesday that he had a “very good” phone conversation with Chinese President Xi Jinping. The two leaders will hold an “extended meeting” at the G-20 summit on June 28-29 in Osaka.“Members of the Fed handed the markets what they were looking for by now predicting rate cuts,” said Bryce Doty, senior vice president at Sit Investment Associates. “I can’t help feeling that many will see that a precedent has been set: Higher trade tariffs bring rate cuts.”Elsewhere, the peso strengthened versus the greenback late in the trading session after Mexico’s Senate ratified a trade deal with U.S. and Canada that will replace Nafta.These are the main moves in markets: StocksThe S&P 500 Index rose 0.3% as of 4:02 p.m. New York time, while the Nasdaq Composite Index gained 0.4% and the Dow Jones Industrial Average increased 0.2%.The Stoxx Europe 600 was little changed.The MSCI Emerging Market Index climbed 1.6%, the biggest increase in more than a week.The MSCI Asia Pacific Index surged 2%, the highest in six weeks on the largest jump in more than five months. CurrenciesThe Bloomberg Dollar Spot Index declined 0.4%, the most since May 3.The euro rose 0.3% to $1.1228, while the yen strengthened 0.3% at 108.10 per dollar.The British pound rose 0.7% to $1.2645, the biggest rise since May.The MSCI Emerging Markets Currency Index rose 0.5%.BondsThe yield on 10-year Treasuries fell 3 basis points to 2.03%.Germany’s 10-year yield climbed 3 basis points to -0.29%. CommoditiesWest Texas Intermediate rose 0.9% to $54.37 a barrel.Gold rose 0.4% to $1,352 an ounce.The Bloomberg Commodity Index dropped 0.6%.To contact the reporters on this story: Sarah Ponczek in New York at sponczek2@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Asian Stocks Higher on Wall Street’s Lead Ahead of Fed Decisions
    FX Empire21 hours ago

    Asian Stocks Higher on Wall Street’s Lead Ahead of Fed Decisions

    “The news on the talks in Osaka is a short term positive for asset markets, but we believe any talks will change little unless either side makes some meaningful concessions, which we do not view as likely at this time,” Pang added. While there is only a 20% chance of a rate cut in June, traders want to hear the Fed is leaning to its first cut in 10 years in July. If this isn’t stated clearly then the markets could weaken.

  • Financial Timesyesterday

    Chinese 5G driverless bus offers glimpse of commutes to come

    Buses circling a 1.53km route in the Chinese city of Zhengzhou are offering a sneak peek at what the combination of 5G telecoms and self-driving technology is likely to bring. Chinese manufacturer Yutong Bus has dispatched four electric self-driving buses in an open-road trial project on “Intelligent Island” in the city’s Longzi Lake.

  • Stocks, Bonds Rise on China Trade, Stimulus Hopes: Markets Wrap
    Bloomberg2 days ago

    Stocks, Bonds Rise on China Trade, Stimulus Hopes: Markets Wrap

    (Bloomberg) -- U.S. stocks approached all-time highs on optimism that President Donald Trump will de-escalate his trade war with China, adding to gains sparked by the ECB’s signal it is ready to cut interest rates if warranted. Treasuries and oil rallied.The S&P 500 trimmed a rally that topped 1.4% at its height as markets digested news that the Trump administration explored demoting Federal Reserve Chairman Jerome Powell in February. Stocks had jumped within 1% of its all-time high after Trump tweeted earlier that he will meet with Chinese President Xi Jinping at the Group of 20 summit next week. Trade tensions have weighed on stocks since Trump escalated his trade war in early May.“Up until now, the markets have been quite skeptical that a Trump, Xi meeting would happen,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. “This pivot to an attempt to get a deal done is certainly a lot of what’s driving the market.”European Central Bank President Mario Draghi said that officials are ready with stimulus if needed, adding to expectations for easier monetary policies. Central banks in Australia, Russia, India and Chile have recently loosened policy. The Reserve Bank of Australia said Tuesday that further easing is more likely than not.The Fed is widely expected to strike a more dovish tone with its decision at the end of it’s two-day meeting Wednesday. The yield on the benchmark 10-year Treasury approached 2% before the notes pared gains. German 10-year yields tumbled further below zero. Oil surged to its biggest gain in five months as OPEC and its allies moved closer to a meeting to extend supply cuts while the Draghi’s comments raised hopes for increased demand.Elsewhere, the yen briefly weakened after a magnitude 6.8 earthquake struck off the northwest coast of Japan, triggering a tsunami advisory. Bitcoin dropped after a four-day surge.Here are some key events coming up:The Fed, Bank of Japan and Bank of England all set monetary policy, along with central banks in Norway, Brazil, Taiwan and Indonesia.The Fed’s two-day meeting ends Wednesday with a decision and press conference. Officials are expected to debate a rate cut to shelter the U.S. economy, in part, from the fallout caused by escalating trade disputes.Final May CPI data for Britain are due on Wednesday. U.K. retail sales are set for release on Thursday. These are the main moves in markets: StocksThe S&P 500 Index rose 1% as of 4:02 p.m. New York time, while the Nasdaq Composite Index gained 1.4% and the Dow Jones Industrial Average increased 1.4%.The Stoxx Europe 600 jumped 1.7%, the biggest increase since January.The MSCI Emerging Market Index rose 1.5%.The MSCI Asia Pacific Index gained 0.6%, the first increase in five trading sessions. CurrenciesThe Bloomberg Dollar Spot Index fell less than 0.1%, the first drop in three days.The euro eased 0.2% to $1.1196, while the yen strengthened 0.1% to 108.42 per dollar.The British pound rose 0.2% to $1.2560.The MSCI Emerging Markets Currency Index rose 0.5%, the first increase in five trading sessions.BondsThe yield on 10-year Treasuries dropped 4 basis points to 2.06%.Germany’s 10-year yield fell 8 basis points to negative 0.32%. CommoditiesWest Texas Intermediate surged 4.1% to $54.08 a barrel.Gold rose 0.5% to $1,346 an ounce, the first increase in three days.The Bloomberg Commodity Index rose 0.6%.To contact the reporters on this story: Sarah Ponczek in New York at sponczek2@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Futures Up As Fed Meeting Starts, Utilities Lead In The EU, Asian Markets Remain Mixed
    FX Empire2 days ago

    Futures Up As Fed Meeting Starts, Utilities Lead In The EU, Asian Markets Remain Mixed

    Global equities move higher as the FOMC meeting gets underway, the committee is expected to alter the statement but traders are cautioned not to expect too much.

  • S&P 500 Stuck at 2,900, Still No Clear Direction
    FX Empire2 days ago

    S&P 500 Stuck at 2,900, Still No Clear Direction

    Stocks continued to fluctuate on Friday, as investors awaited this week’s Wednesday’s Fed Rate Decision release. The S&P; 500 index reached the new local high on Tuesday and then it came back below the 2,900 mark. So was it a downward reversal or just correction before another leg up?

  • High Hopes and Poor Outlook Create Storm Clouds
    Bloomberg2 days ago

    High Hopes and Poor Outlook Create Storm Clouds

    (Bloomberg) -- Europe’s equity benchmark has been moving within a tight range over the past five sessions. Trade wars, geopolitical instability and poor global macro data are spurring concerns, yet there’s been no big sell-off. It seems that investors are counting on the Fed to save the day tomorrow with a rate cut.European stocks tend to react positively to a first U.S. rate cut in a cycle, as they have typically risen by 2% in the month that follows, according to Goldman Sachs strategists. It’s not a given though, as it occurred only two-thirds of the time. On the other hand, the euro rose in 77% of the cases, Goldman says.Traders seem to have already priced in at least one cut before the end of the year, even if economists are still debating the timing. The implied probability of a 25 basis point cut has moved to almost 100% today.The resilience of the market is likely built on rate-cut expectations, JPMorgan strategists write, which makes it vulnerable to a sell-off if the Fed this week doesn’t give a strong indication of a rate cut. The central bank needs to show it’s ahead of the curve, especially with the upcoming G-20 meeting (June 28-29) and the very low likelihood of positive trade talks between the U.S and China, they say.Meanwhile, the economy has been sending more warnings signals. The U.S. jobs market is showing signs of fatigue, U.S. macro surprises have come down, and remain negative in Europe. Yesterday’s Fed Empire manufacturing index had a record fall, hitting its lowest level since 2016.This month, the Morgan Stanley Business Conditions Index plummeted to its lowest level since 2008, a bad omen for the ISM manufacturing index and thus the S&P 500, Morgan Stanley says. Should the historical relationship hold, this would mean the S&P could drop 8% from current levels. And that would have a ripple effect on European stocks.The business index is also indicative of future revisions to earnings, as it’s driven by analyst surveys. The trend seems to have started already if you look at the Citigroup’s Earnings Revision Index, with expectations for companies’ results dropping in a similar fashion to the second half of last year.The Fed’s reaction to the deteriorating outlook will be closely watched on Wednesday, and the big question remains over what it can do to support the market. Failure to act could send stocks into a perfect storm.In the meantime, Euro Stoxx 50 futures are trading down 0.2% ahead of the open.SECTORS IN FOCUS TODAY:Watch oil companies after softer U.S. economic numbers hit the oil price as crude traders continue to balance out supply assurances and demand concerns. It appears OPEC is having trouble agreeing when it will meet next. Iran faces yet more criticism from U.S. politicians following its threat about breaching enriched uranium caps and President Trump decided to send more troops to the Middle East.Watch the pound and U.K. stocks as Boris Johnson remains the frontrunner but outsider Rory Stewart appears to have made waves. Separately, a Bloomberg survey shows economists expect a stagnant U.K. economy in the second quarter.COMMENT:“After the strong rebound since the start of the month, we think risks remain symmetric near term given a potential disappointment from the Fed and the ongoing uncertainty on US/China trade tensions,” Goldman Strategists write in a note. “We prefer to position via options near term as the risk of larger equity drawdowns remains elevated. Our options strategists prefer S&P 500 collars given the low level of skew.”COMPANY NEWS AND M&A:Airbus Jumps Ahead With New Jet in Paris While Boeing FloundersAmerican Air Mulls Ordering Up to 50 of Airbus’s New A321XLR JetInfineon Says Shares Placed at EU13.70, Gross Proceeds EU1.55bScania CEO Says Margin Will Increase in Coming Quarters: DIEU28 May Car Registrations Rise 0.1% Y/y to 1.401m UnitsSwedbank’s Estonian Unit Replaces CEO, CFO After Internal ProbeAgeas Got More Claims Than Expected in Fortis Settlement: FDShort Sellers Circle Blue Prism After 2,200% Rally Since IPOHutchison Chi-Med Is Said to Delay Launch of Hong Kong ListingTieto to Acquire Evry for NOK35.48/Share in Cash, Share DealItaly’s UBI Mandates KPMG to Find Single Insurance Partner: SoleCGG Wins Multi-Year Processing Contract From AdnocNordex Gets 300 MW Order From Engie UnitDassault Systemes Lead Investor in EU65m BioSerenity FinancingDeoleo Reaches Agreement to Refinance EU553M Debt: ConfidencialAmbu Cuts FY Outlook and Lowers Mid-Term Targets After ReviewVapiano Sees 2019 Net Sales Missing Estimates, Slower ExpansionNOTES FROM THE SELL SIDE:BBVA and CaixaBank are the stand-out names in a Spanish banking sector contending with lower-for-longer Euribor rates and muted domestic loan growth, RBC analysts write in a note. CaixaBank, BBVA both at outperform; Santander also outperform with Sabadell and Bankinter at sector perform and Bankia at underperform.Citi cut Evraz to sell at Citi. Broker cut the former top pick and CEEMEA focus list member as Ebitda and free cash flow are “sharply declining.” European hotel operators with headroom on their balance sheets are likely to focus on making acquisitions given slowing organic growth in the industry, Citi says in a note. Broker has buy rating on Accor due to exposure to Europe and France, the only regions showing RevPAR growth; sell on IHG given heavy U.S. exposure, and neutral on Whitbread but as single brand operator is likely to be of interest to a private equity buyer.TECHNICAL OUTLOOK for Stoxx 600 index:Resistance at 382 (50-DMA); 385.7 (61.8% Fibo)Support at 374.5 (61.8% Fibo); 368.2 (200-DMA)RSI: 51.2TECHNICAL OUTLOOK for Euro Stoxx 50 index:Resistance at 3,408 (50-DMA); 3,514 (May high)Support at 3,309 (50% Fibo); 3,266 (200-DMA)RSI: 52MAIN RESEARCH AND RATING CHANGES:UPGRADES:Accor Upgraded to Outperform at Bernstein; PT Set to 44 EurosDanone upgraded to outperform at DavyTokmanni Group upgraded to buy at Handelsbanken; PT 9.30 EurosDOWNGRADES:Avesoro Resources downgraded to hold at BerenbergBauer cut to hold at Kepler Cheuvreux; Price Target 22 EurosDerwent London cut to underweight at Barclays; PT 30 PoundsEvraz downgraded to sell at CitiEvraz Cut to Hold at VTB Capital; Price Target 6.70 PoundsHomeserve cut to equal-weight at Barclays; PT 13.20 PoundsInterContinental Hotels cut to underweight at BarclaysLufthansa downgraded to hold at HSBC; PT 16.50 EurosLufthansa Downgraded to Hold at SocGen; PT 17 EurosINITIATIONS:STMicroelectronics rated new buy at SocGen; PT 23.60 EurosVeolia rated new outperform at MainFirst; PT 24.70 EurosMARKETS:MSCI Asia Pacific down 0.4%, Nikkei 225 down 0.9% S&P 500 up 0.1%, Dow up 0.1%, Nasdaq up 0.6%Euro up 0.16% at $1.1236Dollar Index down 0.15% at 97.41Yen up 0.24% at 108.28Brent little changed at $60.9/bbl, WTI down 0.1% to $51.9/bblLME 3m Copper little changed at $5843.5/MTGold spot up 0.4% at $1345.5/ozUS 10Yr yield down 2bps at 2.07% ECONOMIC DATA (All times CET):8:45am: (IT) Bloomberg June Italy Economic Survey9am: (SP) 1Q Labour Costs YoY, prior 0.9%9:30am: (UK) Bloomberg June United Kingdom Economic Survey11am: (EC) April Trade Balance SA, est. 17b, prior 17.9b11am: (EC) April Trade Balance NSA, prior 22.5b11am: (EC) May CPI Core YoY, est. 0.8%, prior 0.8%11am: (EC) May CPI MoM, est. 0.2%, prior 0.7%11am: (EC) May CPI YoY, est. 1.2%11am: (GE) June ZEW Survey Current Situation, est. 6.1, prior 8.211am: (GE) June ZEW Survey Expectations, est. -5.6, prior -2.111am: (EC) June ZEW Survey Expectations, prior -1.6To contact the reporter on this story: Michael Msika in London at mmsika4@bloomberg.netTo contact the editors responsible for this story: Blaise Robinson at brobinson58@bloomberg.net, Jon MenonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Asia Stocks Mixed; Aussie Shares Up as RBA Minutes Confirm Further Easing
    FX Empire2 days ago

    Asia Stocks Mixed; Aussie Shares Up as RBA Minutes Confirm Further Easing

    Australian shares are moving higher on Tuesday after the Reserve Bank of Australia (RBA) said further easing was likely. However, investors are largely targeting defensive sectors ahead of the two-day Fed meeting.

  • Tech Leads U.S. Stock Advance; Crude Oil Declines: Markets Wrap
    Bloomberg3 days ago

    Tech Leads U.S. Stock Advance; Crude Oil Declines: Markets Wrap

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.U.S. equities gained, led by FANG shares, while European stocks pared losses following a mixed session in Asia as a big week for central-bank policy gets underway. Crude oil slumped for the first time in three days.Facebook, Apple, Netflix and Google parent Alphabet led the Nasdaq Composite higher, while the Stoxx Europe 600 Index closed little changed. Deutsche Bank boosted lenders on reports that it’s considering creating a “non-core unit” to wind down legacy assets as part of a broader overhaul. Japanese and Australian shares declined, while equities in Hong Kong rose after the government suspended a controversial extradition bill.The dollar briefly weakened after a Federal Reserve survey of factories in New York State plunged in June by the most on record, before climbing back from the day’s lows. Treasuries pared a drop on the news, but they stayed mostly lower alongside European bonds as investors looked ahead to a week in which the Fed, the Bank of Japan and the Bank of England all set monetary policy.“We’ll find out Wednesday if the market is right about how dovish it is when it comes to monetary policy,” said Arthur Hogan, chief market strategist at National Securities Corp. “So what we’re looking for is affirmation of where the market is already, and anything that fails to affirm that probably is a negative toward the S&P 500.”Investors will be scrutinizing the Fed’s decision and messaging on Wednesday for signals on the chances of rates cuts ahead. Meanwhile, U.S. Commerce Secretary Wilbur Ross reiterated that the prospect of a major trade deal is unlikely to emerge from a possible meeting between President Donald Trump and Chinese President Xi Jinping at the Group of 20 summit in Osaka this month.“We know that the Fed doesn’t like to surprise people and the idea at this point of them digging in their heels and saying ’absolutely no cuts,’ I think is very unlikely,” Josh Kutin, head of asset allocation for Columbia Threadneedle, said in an interview at Bloomberg’s New York headquarters. “Will it be the full number that’s priced in right now? I think that’s unlikely as well. I think somewhere between is pretty fair.”Elsewhere, oil futures fell as Saudi Arabia expressed hope that OPEC and its allies will agree to extend production cuts into the second half. Bitcoin jumped as much as 11%, heading toward its highest close in more than a year.Here are some key events coming up:Federal Reserve, the Bank of Japan and the Bank of England all set monetary policy, along with central banks in Norway, Brazil, Taiwan and Indonesia.The Fed meeting begins Tuesday with a decision and press conference the next day. Officials are expected to debate a rate cut to shelter the U.S. economy, in part, from the fallout caused by escalating trade disputes.In the U.K. Tuesday there will be a second ballot on the leadership contest to choose Theresa May’s successor as leader of the country’s ruling party.Final May CPI data for the euro zone are due Tuesday.These are the main moves in markets:StocksThe S&P 500 Index rose 0.1% as of 4:03 p.m. New York time, while the Nasdaq Composite Index gained 0.6% and the Dow Jones Industrial Average increased 0.1%.The Stoxx Europe 600 eased less than 0.1%. The MSCI Emerging Market Index dropped 0.4%.The MSCI Asia Pacific Index fell 0.4%, the fourth consecutive decline. CurrenciesThe Bloomberg Dollar Spot Index rose less than 0.1%.The euro rose less than 0.1% to $1.1218, while the yen was little changed at 108.57 per dollar.The British pound fell 0.4% to $1.2542.The MSCI Emerging Markets Currency Index fell 0.1%, the fourth consecutive decline.BondsThe yield on 10-year Treasuries rose less than 1 basis point to 2.09%.Germany’s 10-year yield rose 1 basis point to negative 0.25%. CommoditiesWest Texas Intermediate fell 1.2% to $51.87 a barrel, the first drop in three trading sessions.Gold dropped 0.2% to $1,339 an ounce.The Bloomberg Commodity Index fell less than 0.1%, the first drop in third days. \--With assistance from Yakob Peterseil.To contact the reporters on this story: Vildana Hajric in New York at vhajric1@bloomberg.net;Colin Beresford in New York at cberesford10@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Hang Seng Surges amid Protests, Nikkei Flat Even as Sony Gains
    Market Realist3 days ago

    Hang Seng Surges amid Protests, Nikkei Flat Even as Sony Gains

    US Secretary of State Mike Pompeo said on June 16 that President Donald Trump could raise the issue of anti-extradition bill protests in Hong Kong during his meeting with Chinese President Xi Jinping. The move will certainly anger China, as it considers the issue a sovereign matter.

  • Tech Drags on Stocks as Sales Data Boosts Dollar: Markets Wrap
    Bloomberg6 days ago

    Tech Drags on Stocks as Sales Data Boosts Dollar: Markets Wrap

    Chipmakers tumbled the most in almost a month, weighing on the S&P 500 Index after Broadcom Inc. cut its sales forecast, citing trade war concerns. The outlook for the Fed was in focus, with BMO strategists saying the odds of a cut next week are higher than many expect, while DoubleLine Capital’s Jeffrey Gundlach said he expects no reductions this month. “Investors face a steepening wall of worry as geopolitical risk now joins lingering trade and Fed policy uncertainty as sources of anxiety,” said Alec Young, the managing director of global markets research at FTSE Russell.

  • Hang Seng Falls on China Worries, Nikkei and Sony Surge
    Market Realist6 days ago

    Hang Seng Falls on China Worries, Nikkei and Sony Surge

    China’s growth worries haunted global markets today but the tremors were strongest closer to the mainland, in Hong Kong.

  • China May Unveil More Policies to Bolster Growth
    FX Empire6 days ago

    China May Unveil More Policies to Bolster Growth

    “At present, we do have some external pressures, but those external pressures will help us boost our self-reliance in innovation and accelerate the pace of high-speed development,” said Liu, who is also the lead negotiator in the U.S.-China trade talks.

  • Stocks Poised to Bounce Back?
    FX Empire7 days ago

    Stocks Poised to Bounce Back?

    Wednesday’s trading session was slightly bearish, as investors took more short-term profits off the table following the recent advances. However, the daily trading range was very narrow. The S&P 500 index reached the new local high on Tuesday and then it came back below the 2,900 mark. So was it a downward reversal or just correction before another leg up?

  • Hang Seng Ends Flat after Protests and Nikkei 225 Slides Again
    Market Realist7 days ago

    Hang Seng Ends Flat after Protests and Nikkei 225 Slides Again

    Hong Kong’s Hang Seng Index opened lower today and fell sharply in early trade in response to the political situation in the city. As life started getting back to normal in Hong Kong, the bulls returned and the index maintained upward momentum. The Hang Seng closed almost flat at the end of the session.

  • Trade Dispute Raising Concerns, but U.S. Investors Shielded from Worst, So Far
    FX Empire7 days ago

    Trade Dispute Raising Concerns, but U.S. Investors Shielded from Worst, So Far

    Once again, it appears that U.S. investors have been largely shielded from the worsening effects from the tariffs that have weakened other countries. Additionally, domestic GDP rose 2.9% in 2018 and 3.1% in the first quarter of 2019, inflation has been subdued and the labor market has held up for the most part.

  • Asia-Pacific Shares Mixed; Hong Kong’s Hang Seng Index Plunges More Than 1.50 Percent
    FX Empire8 days ago

    Asia-Pacific Shares Mixed; Hong Kong’s Hang Seng Index Plunges More Than 1.50 Percent

    With most major indexes in Asia and the U.S., for that matter, trading marginally up or down, the steep drop in Hong Kong’s Hang Seng Index stands out. For stock traders, Hong Kong’s continuing attractiveness as a base for international business is increasingly being questioned.

  • U.S. Stocks Fluctuate With Focus on Trade Outlook: Markets Wrap
    Bloomberg9 days ago

    U.S. Stocks Fluctuate With Focus on Trade Outlook: Markets Wrap

    Some of the optimism generated by U.S. President Donald Trump’s deal to avoid tariffs on imports from Mexico was overshadowed by a new threat to raise duties again on China if President Xi Jinping doesn’t meet with him at this month’s Group of 20 summit. “We are going to continue to be range-bound,” Joe “JJ” Kinahan, the chief market strategist at TD Ameritrade, said in an interview at Bloomberg’s New York headquarters.

  • Australian Equities Rose on Boost to Chinese Infrastructure
    Market Realist9 days ago

    Australian Equities Rose on Boost to Chinese Infrastructure

    Hang Seng, Nikkei, and Topix Rise as China Loosens Purse(Continued from Prior Part)Australia and New ZealandAustralia’s market was back in business today after yesterday’s holiday for the Queen’s birthday. Australia’s S&P/ASX200 gained

  • Hang Seng, Nikkei, and Topix Rise as China Loosens Purse
    Market Realist9 days ago

    Hang Seng, Nikkei, and Topix Rise as China Loosens Purse

    Hang Seng, Nikkei, and Topix Rise as China Loosens PurseHang SengHong Kong’s Hang Seng Index followed mainland Chinese indexes to post its fourth consecutive gain today. The index rose 0.76% after rising by more than 2% yesterday. The iShares

  • Financial Times9 days ago

    Wooden beer bottles and paper straws — Japan shifts from plastic

    As the digital age gives people fewer reasons to use paper, the material has nevertheless found itself in the global spotlight. This means more countries like Japan, the world’s second-biggest producer per capita of plastic waste after the US, will have to deal with their non-recyclables at home instead of shipping them to other countries. It is a welcome shift for Japan’s paper industry, which has faced steadily shrinking demand.

  • Financial Times9 days ago

    Global equities head into thinner air

    FT subscribers can click here to receive Market Forces every day by email. Equity markets are pushing towards a test of their April and early-May peaks. Optimism about a US and China trade deal has faded, with risk assets leaning heavily on the bond market's call for central bank easing in the coming months.

  • Shares in China Rise as Trade Surplus Surprise Outweighs Trump’s Tariff Threat
    FX Empire9 days ago

    Shares in China Rise as Trade Surplus Surprise Outweighs Trump’s Tariff Threat

    U.S. President Trump and Chinese President Xi Jinping may meet at this month’s G-20 meeting, but based on China’s trade balance report, there doesn’t appear to be any urgency to strike an immediate deal to end the trade dispute. Friendly trade negotiations could begin, but it’s starting to look like China is willing to extend the tariffs into the 2020 elections as it bets on the opportunity to negotiate with a new administration.