|Day's range||21,062.31 - 21,279.02|
|52-week range||20,347.49 - 24,448.07|
Most stocks in the S&P 500 Index rose, though the measure pared its advance by about half as financial shares came under renewed pressure. The Stoxx Europe 600 Index surged the most in eight months. The dollar edged higher while U.S. and European government bonds were mixed.
While news that top Chinese and American trade officials talked over the phone helped the region’s shares almost erase early Tuesday losses, the MSCI Asia Pacific Index soon headed back in the red. There’s been a deluge of bad news in recent days -- from the unsolved case about the arrest of Huawei Technologies Co.’s chief financial officer to the surprise exit of India’s central-bank governor on Monday evening -- and the optimism seen after the 90-day trade truce between the U.S. and China is far gone. Since Dec. 3, Asian stock markets have already lost more than $1 trillion in market value, with the regional gauge trading at a six-week low.
Investing.com - Asian markets gained in afternoon trade on Tuesday, with Apple (NASDAQ:AAPL) suppliers outperforming after the U.S. tech giant filed an appeal to overturn a sales ban in China of some of its iPhones, CNBC reported.
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
Investing.com - Asian markets were mixed in morning trade on Tuesday amid reports that China and the U.S. are preparing next stage of trade talks.
Major U.S. indexes finished in the green, buoyed by rallies in Facebook Inc. and Microsoft Corp. The pound tumbled as traders took a grim view of the outlook for the U.K. after Theresa May delayed a crucial Brexit vote. Investors found an excuse to buy the dip Monday after the S&P 500 fell to the lowest intraday level since April, continuing a volatile period for U.S. equities.
The sell-off in global equities deepened in Asia hours after Chinese economic data released over the weekend signaled a further weakening of both domestic and international demand in November. Adding insult to injury, tensions have ratcheted up after the arrest of Huawei Technologies Co. Chief Financial Officer, with China’s Vice Foreign Minister having summoned the U.S. Ambassador to China in a protest over her capture on Saturday. Australia was the worst performer in the region with Japan’s, whose economy shrank more than forecast, while China’s stocks dropped with the offshore yuan weakening for a fourth day.
Investing.com - Asian equities fell in morning trade on Monday, with Japan’s Nikkei 225 ddown more than 2.3% after data showed the country’s gross domestic product shrank more than expected in the third quarter.
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
Taiwan’s largest companies have spent the past two decades building factories ever deeper into China, particularly in the Yangtze River and Pearl River deltas. Perhaps more than any other economy, Taiwan has found itself trapped in the middle of the trade war between the world’s two superpowers. China and the US are Taiwan’s top two individual trading partners, and the Taiwanese economy is heavily reliant on global trade.
Oil rose after OPEC agreed to cut output. The trade outlook appeared to take a negative turn after Huawei Technologies’s chief financial officer was charged with conspiracy and the U.S. alleged the company violated sanctions. The Federal Reserve’s Lael Brainard struck a hawkish tone in comments at a conference.
Oil prices continued to fall on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production. West Texas Crude oil futures for January slumped 0.43% to $51.27 a barrel, while Brent crude futures, the benchmark for oil prices outside the U.S., rallied 0.17% to $60.16. The Thursday session of the OPEC meeting in Vienna ended without any decision on cutting oil supply, as Iran seeks an exemption from any cuts due to U.S. sanctions which have already weighed on its exports.
U.S. equity markets settled lower on Thursday, but well off their lows after news hit the market that the U.S. Federal Reserve could tighten monetary policy at a slower pace than previously expected.
Investing.com - Asian markets were mixed in morning trade on Friday, with Chinese stocks underperforming as concerns surrounding technology giant Huawei remained in focus.
Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.
Financial markets remained volatile on bets that the trade truce between China and the U.S. won’t last after the arrest of Huawei’s chief financial officer. Bank shares in the S&P 500 fell as much as 3.9 percent before closing down 1.4 percent, as Treasury yields slid to the lowest since August. Helping to ease anxiety were comments from two regional Federal Reserve presidents urging policy caution from the U.S. central bank amid mounting economic uncertainties and recent volatility in financial markets.
Asian markets were down across the board as trade fears flare-up once again. In the US traders have an eye turned to the economic data as they look for signs of an economic slowdown.
Investing.com - Asian markets traded lower in morning trade on Thursday, with Hong Kong stocks dropping almost 3% after the arrest of the chief financial officer of China tech giant Huawei Technologies.
Investors are saying that increased algorithmic selling because of a phenomenon in the U.S. Treasury markets is causing the weakness. On Monday, when the selling started, the yield on the three-year Treasury note surpassed its five-year counterpart.
In the US, most markets were closed in mourning for fallen-President George H.W. Bush. The EU indices were down in Wednesday trading as trade fears outshine strong data. Asian indices were down across the board in the wake of Tuesday’s broad sell-off in the US equities market.
Growth in Japan’s services sector was steady in November after rebounding to a six-month high in October, according to an industry gauge. The Nikkei-Markit services purchasing managers’ index came in at 52.4 in November, a fraction off the 52.5 mark hit a month earlier but still clear of the 50 point mark separating expansion from contraction. Joe Hayes, economist at IHS Markit, said the data showed “a level of resilience in Japan” and suggested a “stronger case for a rebound in the Q4 GDP number”.
Investing.com - Asian stocks declined in afternoon trade on Wednesday even after China expressed confidence that it could reach a trade deal with the U.S.
Monday’s 2 percent surge in Asian stocks is now all gone. Tuesday’s slump was mainly due to a big sell-off in Japan amid profit-taking and concerns surrounding the lack of clarity around the 90-day trade-war cease-fire. Then U.S. stocks plunged overnight and, by extension, the decline came to Asia.
Major European bourses faced selling pressure in early trade on Wednesday as a rally which started earlier in the week on the back of a possible respite in the China-US trade war came to a halt. The Europe-wide ...