|Day's range||29,319.510 - 29,486.150|
|52-week range||24,540.631 - 31,978.141|
Expectations are that the Fed will point the way to just one rate hike in 2019 when it meets Wednesday. In Asia, central banks in Indonesia, the Philippines and Thailand hold policy meetings amid expectations they too will stand pat, though may signal some willingness to cut in coming months as low inflation sweeps across the region. Here are some key events coming up this week:Company earnings include FedEx, China Telecom, Tencent, Porsche, BMW, Hermes, Tiffany, Micron, Nike and PetroChina.The Fed is expected to hold interest rates steady, announce plans for the end of asset roll-off from its balance sheet, and lower projections for the number of interest-rate hikes this year.
Another FOMC meeting comes into focus while traders wait anxiously for news on U.S./China trade talks.
The Pound was the leader of the pack, with a vote against a no-deal departure and a Brexit extension providing much-needed support.
No-Deal Brexit is off the table, at least that’s what the UK says, but it may not matter. If the EU doesn’t agree the UK may have no choice.
The pound jumped as the U.K. parliament voted to reject a no-deal Brexit. The S&P 500 Index climbed for a third day, wiping out last week’s losses and reaching a four-month high as it held above the key 2,800 level. The U.S. data signaled a positive start to the year for the world’s biggest economy and little pressure on the Federal Reserve to raise interest rates, just as investors were digesting disappointing numbers from Japan and Australia.
May’s Brexit deal gets voted down again, now lawmakers must decide what to do next and that decision will move the market.
The city’s two main benchmarks are hardly doing badly, but gauges on the mainland -- after a grim 2018 -- are eclipsing them and just about every other worldwide. While onshore shares slid on Wednesday in a volatile trading day, the renewed enthusiasm for yuan-denominated stocks means the Hang Seng Index is lagging the Shanghai Composite this quarter by the most since 2015. The gap in performance has widened enough to make A shares pricier than stocks in Hong Kong for the first time since October.
U.S. stocks capped a second day of gains, while Treasuries rallied after weak inflation data bolstered bets the Federal Reserve can stay patient. The pound fell as the U.K.’s Brexit turmoil deepened. While the S&P 500 Index pushed its two-day gain to 1.8 percent, Brexit and renewed turmoil for Boeing dominated headlines throughout the day.
Theresa May secured legally binding changes to the Irish Backstop but the AG says its not enough to protect the UK.
US stocks rose for a second consecutive day, while US Treasuries also rallied, as investors digested a weak inflation reading and news that UK’s parliament defeated Prime Minister Theresa May’s revised ...
Risk appetite jumped early Tuesday as speculative buyers reacted positively to the news that U.K. Prime Minister Theresa May might be closer to securing approval for her Brexit deal.
U.S. stocks jumped the most in six weeks as chipmakers rallied on deal news and the latest retail-sales data boosted confidence that the economy isn’t headed for a downturn. Treasuries slipped. It is the biggest component of the price-weighted Dow Jones Industrial Average and the only of the 30 blue chips to retreat.
Trading on the MSCI Asia Pacific Index ballooned to a 44 billion shares on Feb. 25, surpassing the previous record of 32.6 billion reached in May 2009, according to data compiled by Bloomberg going back more than two decades. The influx of trading appears to be largely concentrated in Hong Kong and China, with volume in both markets hitting highs at the end of February. The CSI 300 Index saw volume of almost 36 billion on Feb. 26, the highest since November 2015, and Hang Seng Index trading has stayed elevated since hitting 3.6 billion shares in February.
While Dollar strength kicked in this morning, today’s retail sales figures and sentiment towards Brexit and trade talks will be key.
(Bloomberg) -- Stock markets across Asia sank as concerns surrounding global growth mounted, with the region’s benchmark index set for its biggest plunge of the year. Chinese shares plunged the most as traders took a sell rating from the nation’s largest brokerage as a sign that the government wants to slow down the rally.
Major Chinese stocks saw out the week with their biggest one-day fall since October, after a policy pivot from the European Central Bank set off concerns about global growth while China itself reported some muted trade numbers. almost 21 per cent in February compared with a year ago. Adding to investor nerves: a maximum fall of 10 per cent for People’s Insurance Company Group after analysts at brokerage Citic Securities issued a rare “sell” rating on the company.
China announces a new round of stimulus, U.S. optimism is reaching a record high, and a trade deal is in sight but traders are cautious and markets are mixed.
Fueled by New Cordless Products HONG KONG, Mar 6, 2019 - (ACN Newswire) - Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. ("TTI" or the "Group") ...
U.S. stocks edged lower as investors struggled to find inspiration after a torrid start to the year. The S&P 500 Index fell 0.1 percent. “The market has priced in a lot of good news and I think now the fact that returns are moderating some is a reflection of now they need to see the follow-through,” Michael Arone, chief investment strategist at State Street Global Advisors, said in an interview at Bloomberg’s New York headquarters.
Global equities indices are mixed following Monday’s Wall Street rout as traders await new details on the soon-expected trade deal.
The MSCI Asia Pacific Index fell 0.3 percent to halt a two-day advance as major equity gauges across the region slipped. Stock benchmarks of key trade partners Japan and South Korea were some of the biggest decliners, putting pressure on the rally that restored $3 trillion in Asian equities this year. China lowered the country’s goal for gross domestic product to a range of 6 percent to 6.5 percent in 2019, released in Premier Li Keqiang’s annual work report ahead of his speech to kick off the National People’s Congress.
U.S. shares retreated as investors sought details of a possible trade deal between the White House and China. The S&P 500 Index slumped the most since Feb. 7, with financial and health-care shares pacing declines, after the benchmark gauge again failed to hold gains that took it past the 2,800 level. The yuan edged higher after reports on the trade deal, which was said to require Beijing to follow through on pledges ranging from better protecting intellectual-property rights to buying more U.S. products.