Latest Market News

Jul 28
Asian shares advance after Wall Street rally; gold extends gains

Asian shares on Tuesday after US stocks resumed their upward march on Wall Street, while the price of gold pushed to nearly $1,970 per ounce. Benchmarks climbed in Hong Kong, Tokyo and Shanghai after the S&P 500 rose 0.7% overnight. Much attention will be focused on a two-day meeting for the Federal Reserve that begins […]

Jul 22
Global stocks stall as US coronavirus worries overshadow state aid

Global stocks stalled as persistent fears over the mounting coronavirus caseload in the US and its weight on the economy darkened sentiment while any initial exuberance from Europe’s recovery plans waned. Global Stocks Europe’s Stoxx 600 fell 0.3 per cent, easing away from a four-month high. It was last at this height in early March […]

Jul 21
Asian shares extend gains as investors count on stimulus, vaccines

Asian shares advanced on Tuesday as prospects of a deal by European Union leaders to jointly fund recovery of their economies and hopes for a coronavirus vaccine lifted risk appetite. Asian Shares On Wall Street, tech shares jumped after several days in the doldrums, pushing the Nasdaq Composite up 2.51 percent to a record closing […]

Jul 14
Asian stock markets retreat as virus and Sino-U.S. tensions flare

Asian stock markets slipped on Tuesday, oil sagged and a safety bid supported the dollar as simmering Sino-U.S. tensions and fresh coronavirus restrictions in California kept a lid on investor optimism as earnings season gets underway. Asian Stock MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2 per cent. Japan’s Nikkei retreated from a one-month high […]

Jul 13
Asian shares extend rally, U.S. earnings to test optimism

Asian shares crept toward five-month peaks on Monday as investors wagered the U.S. earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 per cent, having climbed sharply last week on the back of surging […]

Jul 10
Asian shares down on virus risk, U.S.-China tension

 Asian shares and U.S. stock futures were bearish on Friday as record-breaking new coronavirus cases in several U.S. states stoked concern about economic recovery, while investors looked forward to earnings season. Mainland China shares fell on Friday for the first time since June 29. Shares had surged to the highest since 2015 on Thursday, fueled by […]