Tag: stock market

Oct 21
Asian shares were mixed; uncertainties about Brexit

Asian shares were mixed Monday amid uncertainties about Britain’s exit from the European Union and the ongoing trade conflict between the U.S. and China. Asian shares Japan’s benchmark Nikkei 225 gained nearly 0.3% in afternoon trading to 22,555.14. South Korea’s Kospi picked up 0.2% to 2,064.27, while Hong Kong’s Hang Seng added 0.2% to 26,783.22. […]

Oct 18
Asian shares erase gains after weak China GDP, pound pulls back

Asian shares stumbled on Friday after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal. Asian shares MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.17% by 0350 GMT, erasing earlier small gains. Australian shares (AXJO) […]

Jul 29
Asian stocks mostly decline with US-China negotiations

Asian stocks were mostly slipped on Monday as investors awaited the resumption of U.S.-China negotiations in Beijing this week amid low expectations for a major breakthrough. Sterling was pinned near 27-month lows around $1.2375 amid reports the government of Prime Minister Boris Johnson was preparing the ground for a “no-deal” Brexit. Asian stocks MSCI’s broadest […]

Jul 23
Asian Shares trade higher; Fed cut interest rates

Asian Shares edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days. There are expectations that the European Central Bank and Federal Reserve will cut interest rates. “The likelihood of easing by the Fed is supportive for equity markets, but the probability of a 25 basis point rate cut […]

Jul 15
Gold prices were little changed on Monday in Asia

Gold prices were little changed on Monday in Asia after data showed China’s second-quarter growth data slowed to a 27-year low but matched expectations. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange were little changed at $1,413.35 by 12:43 AM ET (04:43 GMT). Gold prices jumped from $1,200 […]

Jul 11
Asian stocks gain, dollar droops as Fed chair sets stage for rate cut

Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month. Asian Stocks In an appearance before his congressional overseers on Wednesday, Powell confirmed that the U.S. economy is still under threat from disappointing factory activity, tame inflation and a […]

Jul 08
Asian shares fall as bets off on sharp U.S. rate cuts

Asian shares fell on Monday after strong U.S. jobs data tempered expectations for a Fed rate cut, while the Turkish lira hovered near two-week lows on worries about central bank independence. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) lost more than 1%, with every market in the red. Japan’s Nikkei (N225) […]

Jul 02
Asian Stocks were mixed, Treasuries little changed

Asian Stocks were mixed on Tuesday, and Treasuries little changed, as enthusiasm over the U.S.-China trade truce proved short-lived amid a disappointing set of economic data. Asian Stocks U.S. President Donald Trump said that he would hold off slapping an additional tariffs on $300 billion in Chinese goods as the two countries resumed trade negotiations. […]

May 17
Asian shares struggle for footing after tough week

Asian shares were trying to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered a respite from the interminable Sino-U.S. trade saga. Asian shares “Chinese stocks are mounting a rebound as they had been oversold in recent sessions. Sentiment is also better as President Trump […]

May 16
Asian shares slip as U.S. sanctions on Huawei threaten fresh tensions with China

Asian shares struggled to find their footing on Thursday as confidence was shaken after the U.S. government hit Chinese telecoms giant Huawei with severe sanctions, threatening to further strain Sino-U.S. trade ties. Asian shares “Chinese stocks are mounting a rebound as they had been oversold in recent sessions. Sentiment is also better as President Trump […]