|Day's range||22,316.52 - 22,692.86|
|52-week range||19,239.52 - 24,129.34|
LONDON (AP) — Global shares rose Friday as investors focused on a run of earnings statements from U.S. banks. The British pound, however, was in retreat after President Donald Trump appeared to dash hopes of any imminent U.S.-U.K. trade deal.
Investing.com – Asian equities rebounded in afternoon trade on Friday as U.S. and China signalled they are open to resume negotiations over trade. China’s export rose more than expected in June, although the country’s export outlook is being clouded by the recent trade dispute with the United States, as both countries slapping tit-for-tat duties on each other's goods last Friday.
While risk appetite returns to the markets, the Dollar looks to have found its some upside in the early part of the day, though it could all change should sentiment towards trade tariffs take another turn.
Investing.com – Asian equities were mixed in morning trade on Friday as U.S. and China signalled they are open to resume negotiations over trade.
China reported Friday that its June imports rose 14.1 percent in dollar-denominated terms, falling short of a 20.8 percent increase expected by analysts. China’s exports, meanwhile, slightly topped expectations by rising 11.3 percent in June. China also said on Friday that its trade surplus with the U.S. grew to $28.97 billion in June, according to data from China’s customs office.
China had started trading, and it had opened higher. “If you look on a daily basis, Japan seems to take its direction from China,” said Jonathan Allum, a strategist at SMBC Nikko Capital Markets Ltd. in London. With a 5.9 percent decline this year, the Topix is headed for its worst annual performance since 2011.
Stocks were off to a strong start Thursday, as the tone improved in U.S. trade war and NATO rhetoric. Airlines rallied on Delta Air earnings. CA spiked on takeover news.
LONDON (AP) — Global stock markets recovered some of the previous day's losses Thursday as investors weighed up the latest developments on a possible global trade war.
The risk tap opened this morning, providing much needed support for the Asian equity markets and the commodity currencies, with focus now shifting to the release of the ECB policy meeting minutes and U.S inflation figures.
Investing.com – Asian stocks rose in morning trade on Thursday despite lingering concerns around the U.S. and Chinese trade war.
According to the U.S. Labor Department, the producer price index for final demand climbed 0.3 percent last month. In the 12 months through June, the PPI advanced 3.4 percent, the largest gain since November 2011. Traders were looking for an increase of 0.2 percent and an annual gain of 3.2 percent.
Asia stocks are set for a muted start to trading Thursday as investor concerns around a trade war between the U.S. and China showed little sign of abating. The S&P 500 dropped the most in two weeks, as energy and material producers tumbled on renewed angst that the Trump administration’s trade stance will damp demand for commodities. The dollar saw the biggest rise in a month, while the Japanese yen and Chinese offshore yuan dropped.
Stocks rallied as trade tensions appeared to ease after China held off from immediately retaliating against the latest U.S. salvo. The S&P 500 Index closed at the highest level since February as China seemed to strike a conciliatory tone in reaction to President Donald Trump’s newest escalation of the trade war between the two countries. Technology shares led gains, sending the Nasdaq Composite Index to a record.
Stocks and global markets shifted sharply lower Wednesday, as an expansion of the U.S.-China trade war threatened to snap the market's four-day win streak.
Investing.com – Asian equities tumbled in afternoon trade on Wednesday after the Trump administration threaten to impose tariffs on $200 billion in Chinese goods.
A potential $200 billion escalation in the U.S. trade war with China sent stock futures and China's markets sprawling early Wednesday. AAR and WD-40 dived on earnings news, as a handful of oil names stuck close to buy points.
Trump’s threat of more tariffs hit the Aussie and Kiwi Dollar and risk appetite in general through the Asian session, as the markets look ahead to Draghi later this morning and the Bank of Canada’s rate hike and policy outlook this afternoon.
Investing.com – Asian equities tumbled in morning trade on Wednesday, led by losses in China as trade developments returned to focus after the Trump administration announced a list of tariffs on $200 billion in Chinese goods.
LONDON (AP) — Global stock markets tracked Wall Street higher Tuesday amid waning trade war fears and hopes about the upcoming U.S. corporate earnings reporting season.
Investing.com – Asian markets were mixed in afternoon trade on Tuesday. As recent trade-related concerns seemed to have faded for now, traders' focus are likely to switch to economic data later this week. China’s data received some focus as the country’s producer price index topped forecasts in June and hit a six-month high.
Investing.com – Asian markets were mostly higher in morning trade on Tuesday as recent trade-related concerns seemed to have faded for now.
While a number of the majors are in recovery mode, the Pound as come under renewed pressure as high profile members of the Tory Party resign over Brexit, with the threat of another General Election becoming every more real.
Jul.10 -- Geoff Wood, head of asset and risk at Morphic Asset Management, talks about the trade spat between the U.S. and China, and the implications for financial markets. He speaks with Rishaad Salamat and David Ingles on "Bloomberg Markets: Asia."