|Day's Range||26,879.910 - 27,022.580|
|52 Week Range||24,540.631 - 33,484.078|
It’s risk off early in the day, growth forecast revisions by the IMF and central banks coming amidst softer GDP numbers.
Stocks in Asia declined on Tuesday as investor sentiment dipped on concerns about the global outlook, after the International Monetary Fund (IMF) slashed its world economic growth forecast on Monday.
With a Plan B seemingly in the wind, Theresa May could be in hot water later today, with Parliament getting restless.
Local observers speak about “dark corners” of Hong Kong’s market where a web of cross-holdings and low liquidity fuel corruption and keep valuations at one of the lowest levels in the world. Much of the losses on Thursday came from Chinese developer Jiayuan International Group Ltd., which plunged 81 percent.
China stocks rallied Friday on hopes of a resolution to the US-China trade wars, based on several news reports, with JD.com, Momo, Vipshop Holdings and YY being among the big gainers.
The Wall Street Journal reported on Thursday that Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs on China in order to advance trade discussions.
U.S. stocks flipped between small gains and losses Thursday after two sessions of advances as investors parsed a raft of earnings reports and trade developments. Trade and other political uncertainties have helped depress investor sentiment in recent months, given the potential implications for economic growth and corporate supply chains. Among decliners, shares of Morgan Stanley fell 4.5% after the bank’s fourth-quarter profit missed expectations. The company’s lows of the day had put the stock on pace for its largest percentage loss since June 2016.
A weak earnings report from Morgan Stanley had US futures down about -0.35% in the early pre-market session. The UK FTSE 100 was the biggest loser in early Thursday trading, down more than -0.80% at midday. In Asia, the Hang Seng led the losses as traders and investors take advantage of the liquidity event.
Asia Pacific shares traded mixed on Thursday, despite strong quarterly earnings in the U.S. and after the U.K. government won a parliamentary confidence vote. On Wednesday, China's central bank pumped 560 billion yuan ($83 billion) into its banking system, which was a record amount of money injected in one day. Elsewhere, the U.K. government led by Prime Minister Theresa May survived a vote of no-confidence in parliament as it tries to cobble together a plan for Britain's pending departure from the European Union.
China's central bank pumped almost $83 billion into its banking system in a single day, which eased concerns over a potential funding squeeze in the economy ahead of a major festive season, analysts said.
A round of better than expected bank earnings has the US equity futures moving higher in the early morning session. The financial sector led the EU market at midday with gains averaging 1.0%. The Shanghai Composite closed with no movement, 0.0%, for the day while the Hong Kong Heng Seng and Shenzen markets both saw small gains.
Asia Pacific markets traded mixed on Wednesday despite an overnight rally on Wall Street as investors sifted through fresh uncertainties surrounding the U.K.'s withdrawal from the European Union. Prime Minister Theresa May's plan on how Britain should exit the European Union was overwhelmingly voted down in the House of Commons, which is the U.K.'s lower house of parliament.
Prime Minister Theresa May's plan on how Britain should exit the European Union was overwhelmingly voted down in the House of Commons, the U.K.'s lower house of parliament.
Major world stock markets climbed on Tuesday on hopes of more stimulus for China's economy, while sterling rebounded from the day's lows after British lawmakers defeated Prime Minister Theresa May's deal on withdrawing from the European Union. Sterling rallied more than a cent to stand above $1.28 after the vote.
Shares in Australia, Japan, South Korea and China jumped despite lingering concerns about an economic slowdown in China and ahead of a crucial vote in the British parliament over the U.K.'s plans to leave the European Union.
Asia Pacific markets mostly traded higher Tuesday despite lingering concerns over an economic slowdown in China, which dampened sentiment at the start of the week. Gains in Asia came despite declines on Wall Street overnight as the U.S. corporate earnings season kicks off. The British pound was a focus for investors as lawmakers were set to vote on U.K. Prime Minister Theresa May's Brexit deal to leave the European Union.
While Japan is closed for a holiday, key equity markets retreated across the rest of the region, led by declines in Hong Kong and Shenzhen after China released disappointing December trade data and warned of weaker trade growth this year due largely to external uncertainty. It didn’t help that the U.S. government shutdown is showing no sign of ending and S&P 500 Index futures fell as much as 0.9 percent. The MSCI Asia Pacific ex-Japan Index fell 0.9 percent as of 5:05 p.m. in Singapore, the most since the first day of trading this year, as Taiwan, South Korea and other markets also declined.
(Bloomberg) -- Shares in Hong Kong and Shanghai fell and the yuan declined as China’s weakest trade data since 2016 fueled concern about the impact of a dispute with the U.S. and slowing economy.
Asia Pacific markets started off the trading week mostly on the back foot as major indexes in South Korea, China, Hong Kong and Singapore tumbled. Investors reacted to Chinese government data, which revealed China's December exports and imports fell unexpectedly.
Chinese government data showed that December exports and imports fell unexpectedly, deepening concerns of a slowdown in the world's second-largest economy as Beijing's trade war with the U.S. appeared to be taking a toll.
It’s a big week ahead, with the Brexit vote on Tuesday and a mass of data to give further direction on the global economy, as earnings season kicks off.
Major indexes in Japan, South Korea, Hong Kong and China traded up as the Dow and S&P 500 notched gains overnight that put them on a five-day winning streak.
Speaking at the Economic Club in Washington, Mr. Powell said the economy is on solid footing and there are few signs a recession is imminent, but the Federal Reserve isn’t committed to a set course of rate increases, echoing a more market-friendly tone the central bank has taken since a punishing fourth-quarter selloff nearly upended the long-running bull market. The Fed is open to quickly altering its pace, especially with inflation remaining subdued, he said. “We are in a place where we can be patient and flexible and see what does evolve,” added Mr. Powell.
Treasury yields advanced with the dollar, and West Texas crude continued its bull market surge past $52 a barrel. The S&P 500 Index rallied as gains in utilities, industrials and real estate shares overwhelmed weakness in retailers sparked by concerns about a sales slowdown and fears about the potential consequences of the ongoing partial government shutdown. Alcohol distributor Constellation Brands Inc. rebounded from Wednesday’s decline to lead the benchmark on positive comments from analysts at Goldman Sachs Group Inc. and Guggenheim Securities.