|Day's range||23,833.92 - 23,953.98|
|52-week range||20,213.66 - 24,129.34|
It turns out that I joined the staff of the Financial Times, officially on New Year’s Day 1990, just as the Japanese stock market had hit an all-time high (December 31 1989). For a generation now, the prolonged malaise of Japanese stocks after their bubble burst in 1989 has stood as a polar case, a warning of what can happen. When I started covering personal finance a year later, Japan had sold off hard, but remained relatively isolated from the potential effects of the Gulf war, which was about to break out into a full-blown shooting war.
Asian futures pointed to a mixed session Wednesday, with Japan on track to continue a rally that lifted the Topix index to an almost eight-month high and Chinese stocks set to remain subdued. U.S. Treasuries ...
Asian stocks were mixed as traders awaited the Federal Reserve meeting. U.S. Treasuries were steady, with yields near the seven-year highs reached in May. Equity benchmarks fell in Japan, with the Topix index retreating from its highest in almost eight months.
U.S. President Donald Trump is expected to address the United Nations General Assembly today, with many expecting to hear his “America First” rhetoric. Iranian President Hassan Rouhani is also in New York for the assembly. U.S. trade representatives and Japan’s economy minister meet for a second round of trade talks that were postponed from Monday.
Naomi Osaka, the 20-year-old tennis star, became the face of Japanese sporting prowess when she defeated Serena Williams on September 9 to bring Japan its first Grand Slam title. Nissan’s sponsorship — the company declined to give financial details — is likely to be followed by many more. Companies are increasingly turning to sponsorship of sports, entertainment and the arts as a means of promoting their products.
With stats on the lighter side and trade war chatter hitting the markets, Trump’s speech to the General Assembly at the UN could ruffle a few feathers.
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 ...