|Day's range||23,808.95 - 23,950.98|
|52-week range||20,213.66 - 24,129.34|
The fierce competition between Grab, south-east Asia’s leading ride-hailing service, and Go-Jek, its Indonesian rival, is set to explode across borders as the latter rolls into Vietnam with plans for further regional expansion. Go-Jek, until recently confined to Indonesia, has announced its full launch in Vietnam. It now offers motorbike ride-hailing and courier services in Hanoi and Ho Chi Minh City, the country’s two largest metropolitan areas.
Japan’s best weekly stock market rally in two years has got bears baffled. Bulls have only one message: You’ve been selling the wrong market. The Topix index roared back to life, capping a gain of more than 4 percent in this four-day week, even as the U.S. and China pressed ahead with additional tariffs on each other’s goods.
Inflation numbers out of Japan this morning were a reminder of how far off the BoJ is from making a move, focus shifting to the EU and the Oval Office.
Japan’s manufacturing sector added strength in September, which should further allay concerns about slowing growth in a sector that has been in expansion for two years. The Nikkei Japan Purchasing Managers Index for manufacturers showed a preliminary reading of 52.9 in September, up from 52.5 in August. "Business conditions remained robust despite a number of natural disasters over the past month," said Joe Hayes, an economist at IHS Markit, which compiles the survey.
Confidence in Japan’s manufacturing sector has dropped to its lowest in almost two years despite strong underlying growth in the sector as worries about international trade beset managers, according to ...
U.S. stocks dropped from early session highs to cap a record-breaking week with something of a whimper. The S&P 500 Index broke its three-day win streak but still notched a second positive week in a row after reaching a new high Thursday. Quadruple witching -- when futures and options on indexes and individual stocks expire -- and the largest revision to the Global Industry Classification Standard since 1999 may be behind the slide and the higher-than-average volumes.
Treasury yields held near the highest level this year, while the dollar slipped. Futures on equity indexes in Japan, China, Hong Kong and Australia all rose. Emerging market assets continued to rally from recent lows.
Investing.com - Asian stocks reversed early gains and turned negative in afternoon trade on Thursday.
There are no major U.S. reports scheduled but the sum of the minor reports could have an impact on the stock market price action. First up at 1230 GMT is the Philly Fed Manufacturing Index. It is expected to come in at 17.5, up from the previously reported 11.9. Weekly Unemployment Claims are expected to hold steady at 210K, up slightly from 204K. The Conference Board’s Leading Index is expected to have risen 0.5%, down slightly from 0.6%. Finally, Existing Home Sales are expected to have risen 5.36M, up marginally from 5.34M.
In the Asian markets, it seems that the recovery rally has exhausted. After two days of growth, Asian markets mixed, returning to the levels of the end of last week. Global stocks mostly higher.
Investing.com - Asian stocks were mostly higher in morning trade on Thursday, following a second day of gains on Wall Street as traders expected the impact of the U.S.-China trade war would be smaller than previously feared.
Impressive 2nd GDP numbers drive the Kiwi, with Brexit and retail sales numbers putting the Pound in the spotlight.
Investing.com - Asian equities extended rally in afternoon trade on Wednesday as markets continued to recover from trade war fears.
Investing.com - Asian stocks rose in morning trade on Wednesday as investors shrugged off intensifying U.S.-China trade dispute.
It’s been a bullish start to the day, in spite of rising trade war tension, the Aussie Dollar leading the way, focus now shifting to UK inflation.
Japan’s Topix index completed its biggest advance over a four-day period since November 2016 while the yen remained near a two-month low against the dollar as investors brushed off concerns of a trade ...
U.S. equities edged higher and Treasuries declined as investors assessed the latest developments in the varied trade disputes. Grocers dropped on a report that said Amazon Inc. is considering opening as many as 3,000 cashierless stores. Shares of Caterpillar Inc. and The Boeing Co. helped push up the Dow Jones Industrial Average after China said it won’t devalue its currency.
Asian stocks looked set to extend a rally in the wake of the latest salvos in the trade war that look likely to be less intense than many had feared. Treasuries held losses and the dollar remained steady....
The mild response by investors to the new tariffs suggests investors may be waiting to see which industries China decides to target in its retaliation. Again, the thought is, why sell the whole market when only a few sectors, industries or stocks may be negatively affected by China’s retaliatory efforts. The Australian Dollar is trading higher early Tuesday, bucking the negative tone set earlier in the session by new tariffs on China by the U.S. and relatively tame Reserve Bank of Australia monetary policy meeting minutes.
Investing.com - Asian stocks were mixed in morning trade on Tuesday following the announcement by the Trump administration that the U.S. would put 10% tariffs on $200 billion in Chinese goods, which will go up to 25% at the end of the year.
Another set of tariffs on China supporting the U.S Dollar early on, with the RBA meeting minutes failing to give the Aussie Dollar a boost.