|Day's Range||23,039.26 - 23,481.53|
|52 Week Range||20,122.00 - 24,129.34|
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.
Investing.com - Asian equities were mostly lower in morning trade on Monday on reports that U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as later today.
Economic data could take a back seat through the day, the markets more eager to see whether there is a green light for U.S – China trade talks.
U.S. President Donald Trump has directed aides to place U.S. tariffs on about $200 billion more of Chinese goods, according to a person familiar with the matter. On Wall Street, financial shares were helped by higher rates, which are seen to benefit banks, which can charge higher interest. Energy stocks got a boost from rising U.S. oil prices.
Investing.com – Asian equity markets were mixed on Friday afternoon, after China reported better-than-expected industrial output and retail sales, but investment fell to a new low.
Investing.com – Asian equity markets were in the green Friday morning, as gains in tech shares drove U.S. stocks up for a fourth day running and helped strengthen optimism in Asian markets.
In China, Fixed Asset Investment came in at 5.3%, slightly below the 5.5% forecast. Industrial Production rose 6.1%, slightly above the 6.0% estimate. Retail Sales came in 9.0% higher, versus an 8.8% forecast. The Unemployment Rate dipped from 5.1% to 5.0%.
Economic data out of China was better than expected this morning, supporting improved risk appetite, with focus to shift to U.S retail sales and the USD.
Asia markets were broadly positive on Friday as semiconductor-related and Apple supplier stocks rose. The U.S. was "under no pressure to make a deal with China, they are under pressure to make a deal with us," U.S. President Donald Trump said on Twitter after reports that Washington officials had reached out to Beijing to restart trade negotiations. Asia markets were largely positive on the final trading day of the week, as stocks of semiconductor-related companies and Apple suppliers jumped.
Signs of movement in the U.S.-China trade stand-off and an interest rate hike in emerging market trouble-spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned. Wall Street [.N] followed Asia's major markets [.SS] higher after news that U.S. President Donald Trump's administration had put out feelers to Beijing for a new round of trade talks. Turkey's central bank also made a rare show of independence, ignoring a fresh bashing from President Tayyip Erdogan as it jacked up its interest rates by more than one-third, to 24 percent.
Investing.com – Asian equity markets were mixed on Thursday afternoon. The potential trade talks initiated by the U.S. amid escalating tensions with China are boosting optimism into the market.
Three main factors lift-up developing countries’ share markets. Global stocks rise on hopes of new trade talks. Investors await the ECB and BoE decisions.
Investing.com – Asian equity markets opened mixed on Thursday morning as Washington proposed a new round of trade talks with Beijing that could help to de-escalate a trade war between the two.
Monetary policy to drive the EUR and the GBP this afternoon, with inflation figures to hit the USD, while Brexit, NAFTA and Trump will also be a factor.
The S&P 500 edged higher for the third straight session Wednesday, with gains in consumer-staples and trade-sensitive sectors offsetting declines in financial and technology firms. After the U.S. and Mexico reached a deal on trade recently, some investors are waiting to see if potential agreements with Canada, the European Union and China could boost global growth later in the year. The S&P 500 and Dow Jones Industrial Average eked out gains following a Wall Street Journal report that the U.S. is reaching out to China for a new round of trade talks.
Asia markets were broadly positive on Wednesday as the U.S. seeks to restart trade talks with China. Semiconductor stocks in Asia took a hit following the slump in the U.S. after Goldman Sachs warned of worsening memory chip demand. Dow Jones reported Wednesday that senior U.S. officials led by Treasury Secretary Steven Mnuchin had sent an invitation to Chinese officials requesting for a "ministerial-level delegation" to attend the trade talks.
An index of global stocks rose on Wednesday, helped by a report that Washington is proposing a new round of trade talks with Beijing and as resurgent oil prices pumped up energy shares. The United States is proposing new talks with China aimed at getting bilateral economic negotiations back on track, according to two people familiar with the matter. Energy shares rose in Europe and the United States after U.S. crude inventories dropped and the bite of sanctions on Iran threatened to limit supply.
Investing.com – Asian stocks slid in China, Hong Kong, Japan, South Korea and Australia and hit a 14-month low on Wednesday afternoon, as the market sentiment is dampened by escalating U.S.-China trade disputes.
Investing.com – Asian equity markets opened mixed on Wednesday morning as investors digested a new estimate of a potential 700,000 job losses in China at 700,000 due to the trade dispute between Washington and Beijing.
Asian equities are on the slide again, with economic data providing little support, as the markets continue to fret over rising trade tensions.
China is set to meet with the World Trade Organization on September 21 to request for permission to impose sanctions on the U.S. over their trade dispute. Some investors are warning of a "perfect storm" building for emerging market currencies amidst a confluence of factors including expectations of an interest rate hike by the U.S. central bank. Asia markets broadly fell on Wednesday as the MSCI Asia ex-Japan index touched 14-month lows, on the back of news that China will be making a request to the World Trade Organization to impose sanctions on the U.S.
The 10-year Treasury note yield rises to 2.97 percent, just three basis points below 3 percent.Usually, the S&P 500 takes a leg lower after the 10-year breaks the level. Larry Benedict, CEO of The Opportunistic Trader, says this pattern of stocks falling as the 10-year breaches 3 percent could repeat itself. The benchmark rate has closed above the 3 percent nine times this year.
The benchmark rate has closed above the 3 percent nine times this year. Usually, the S&P 500 has taken a leg lower after the 10-year breaks the level.