^N225 - Nikkei 225

Osaka - Osaka Delayed Price. Currency in JPY
23,112.88
+74.30 (+0.32%)
At close: 3:15PM JST
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Previous Close23,038.58
Open23,030.33
Volume0
Day's Range23,030.33 - 23,219.51
52 Week Range18,948.58 - 23,591.09
Avg. Volume67,137
  • U.S. Stocks Climb as Trump Says Trade Deal ‘Close’: Markets Wrap
    Bloomberg

    U.S. Stocks Climb as Trump Says Trade Deal ‘Close’: Markets Wrap

    (Bloomberg) -- U.S. equities edged higher after President Donald Trump said he was “very close” to a trade pact with China even as he warned that Beijing wanted a deal more than he did.Automakers, an industry particularly sensitive to trade, led advances after Trump’s comments in an interview on Fox News. Bitcoin tumbled to a six-month low and the dollar gained. Oil fell and Treasury yields held steady. The S&P 500 Index posted a small weekly loss, its first since early October.It’s been a mixed picture on the trade front this week, suppressing volatility and keeping stocks in a tight range within 1% of a record high. Chinese Vice Premier Liu He has invited Robert Lighthizer to Beijing for further talks later this month, according to people familiar with the matter, and Washington will likely postpone new tariffs scheduled for December even if there’s no deal by then, the South China Morning Post reported. However, Trump may soon sign a bill supporting Hong Kong’s protesters, a move likely to anger China. He declined to reveal plans when asked Friday.“Stocks’ short-term direction is still all about trade,” said Alec Young, managing director of global markets research at FTSE Russell. “Given precious little substance of late on that front, it’s no surprise stocks are stuck in a tight trading range with volatility at multi month lows.”Elsewhere, European stocks advanced. The pound fell -- boosting U.K. equities -- following a gloomy reading of company sentiment. Government bonds in Europe rose as a measure of services in the euro area disappointed.Japanese shares steadied after three days of declines, while stocks climbed in Australia and Hong Kong, and slipped in China.These are the main moves in markets:StocksThe S&P 500 Index rose 0.2% at the close of trading in New York; it lost 0.3% for the week.The Stoxx Europe 600 Index climbed 0.4%.The U.K.’s FTSE 100 Index surged 1.2%.The MSCI Asia Pacific Index increased 0.2%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.2%.The euro fell 0.3% to $1.1021.The British pound decreased 0.6% to $1.2835.The Japanese yen was little changed at 108.63 per dollar.BondsThe yield on 10-year Treasuries was little changed at 1.77%.Germany’s 10-year yield fell three basis points to -0.36%.Britain’s 10-year yield decreased five basis points to 0.7%.CommoditiesWest Texas Intermediate crude fell 1.1% to $57.91 a barrel.Gold slipped 0.1% to $1,463.04 an ounce.\--With assistance from Adam Haigh and Constantine Courcoulas.To contact the reporter on this story: Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Sam Potter at spotter33@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Asian Markets Ignore Trade Deal “Noise” to Finish Higher
    FX Empire

    Asian Markets Ignore Trade Deal “Noise” to Finish Higher

    Last week, a deal was “close”. This week it’s on the “doorstep” of being reached. It seems everything in between was just a bunch of “noise”.

  • Japanese stocks nudge higher amid cautious optimism about trade talks
    Reuters

    Japanese stocks nudge higher amid cautious optimism about trade talks

    Japanese shares edged higher on Friday as cautious optimism about the prospect of the United States and China reaching a trade agreement lifted investor risk appetite. At 0150 GMT the Nikkei index rose 0.61 % to 23,178.77 as exporters in the IT sector and the industrial equipment sector paced gains. China is pushing to reach a preliminary trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unravelling.

  • U.S. Stocks Slide Amid Conflicting Signs on Trade: Markets Wrap
    Bloomberg

    U.S. Stocks Slide Amid Conflicting Signs on Trade: Markets Wrap

    (Bloomberg) -- U.S. equities slid following losses in Europe and Asia as traders weighed conflicting signals about the outlook for a trade deal between Beijing and Washington.The S&P 500 Index fell for a third day, the longest losing streak in almost two months, but remained within 1% of a record high. The dollar held steady and Treasuries dipped as China’s chief trade negotiator reportedly said he was “cautiously optimistic” about reaching a phase-one accord. Pessimists focused on speculation Donald Trump may sign legislation backing Hong Kong protesters, setting up further conflict between the nations. TD Ameritrade soared on reports that Charles Schwab Corp. is in talks to buy the brokerage.Hong Kong’s deteriorating situation may prove crucial to the trade talks, and on Thursday a commentary from China’s state-run news agency accused the U.S. of applying a double standard. China has threatened to retaliate for the passage of the American bill and said supporting the protesters was a “gross” interference in Hong Kong affairs. Traders will be watching for signs of progress ahead of a Dec. 15 deadline for further tariffs.“Investors now are starting to worry again that we may not see that phase one in 2019,” said Chris Gaffney, president of world markets at TIAA. “It’s going to be tough to have the next leg up without a trade deal.”Elsewhere, oil futures rose. European bonds tracked Treasuries lower and emerging-market stocks slid.Here are some key events coming up this week:Economic indicators due for release include U.S. and European PMI data for November on Friday.These are the main moves in markets:StocksThe S&P 500 Index fell 0.2% at the close of trading in New York time.The Stoxx Europe 600 Index dipped 0.4%.The MSCI Asia Pacific Index declined 0.7%.The MSCI Emerging Market Index fell 0.7%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro slipped 0.1% to $1.1057.The British pound slid 0.1% to $1.2906.The Japanese yen was little changed at 108.63 per dollar.BondsThe yield on 10-year Treasuries increased two basis points to 1.77%.Germany’s 10-year yield increased two basis points to -0.33%.Britain’s 10-year yield jumped two basis points to 0.75%.CommoditiesWest Texas Intermediate crude gained 2.3% to $58.42 a barrel.Gold decreased 0.5% to $1,464.50 an ounce.\--With assistance from Kyoungwha Kim, Andreea Papuc, Adam Haigh, Cormac Mullen, Yakob Peterseil and Todd White.To contact the reporter on this story: Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Asian Shares Pressured as US-China Row Over Hong Kong Threatens Trade Deal Hopes
    FX Empire

    Asian Shares Pressured as US-China Row Over Hong Kong Threatens Trade Deal Hopes

    Australian shares extended losses on Thursday, pulled down by Westpac Banking Corp as accusations of money laundering breaches against the lender rattled the financial sector, which has been in regulatory crosshairs for nearly two years.

  • U.S. Stocks Drop on Worry Over Trade Deal’s Timing: Markets Wrap
    Bloomberg

    U.S. Stocks Drop on Worry Over Trade Deal’s Timing: Markets Wrap

    (Bloomberg) -- The S&P 500 Index posted its biggest loss in a month after a report that Washington and Beijing are unlikely to reach a trade deal this year. The dollar rose and oil jumped.Telecom companies and automakers led losses on the gauge after Reuters said that a pact may be delayed, though the index pared losses following a report that progress is being made. The developments came after China threatened to retaliate for the Senate’s passage of a bill that sought to support Hong Kong’s autonomy from Beijing. The House votes on the measure later Wednesday.After reaching fresh highs Monday, U.S. stocks have retreated on concern about the outlook for trade. While investors are sensitive to any reports on the economy, the potential of a detente between China and the U.S. had driven gains this year that left stocks poised for their best performance since 2013.“The market for most of the year has been trading off of trade -- trade hope and trade fear,” said Ed Clissold, chief U.S. strategist at Ned Davis Research Inc. “There were expectations over the last several weeks that some sort of interim deal would get done. And the reality of the situation is setting in.”Oil jumped, paring Tuesday’s more-than 3% loss, as American crude stockpiles rose less than expected and inventories at a key storage hub shrank by the most since August. Ten-year Treasury yields sank to a two-week low.Travel and leisure companies led the retreat in the Stoxx Europe 600 index. Swedbank AB dropped after a report that American authorities are investigating possible breaches of sanctions against Russia by the Swedish lender.Hong Kong shares fell along with Japanese and South Korean benchmarks. Australian equities slumped after allegations of financial crimes at Westpac Banking Corp. hit financial stocks.Here are some key events coming up this week:U.S. economic indicators due for release include initial jobless claims on Thursday.Federal Reserve speakers this week include district bank presidents Loretta Mester and Neel Kashkari.European central bankers speaking this week include European Central Bank President Christine Lagarde, Bundesbank chief Jens Weidmann, along with Yves Mersch, Luis de Guindos, Pablo Hernandez de Cos and Philip Lane.These are the main moves in markets:StocksThe S&P 500 Index fell 0.4% at the close of trading in New York.The Stoxx Europe 600 Index dropped 0.4%.The MSCI Emerging Markets Index fell 0.5%.CurrenciesThe Bloomberg Dollar Spot Index gained 0.2%.The euro fell 0.1% to $1.1072.The British pound decreased 0.1% to $1.2918.The Japanese yen was little changed at 108.58 per dollar.BondsThe yield on 10-year Treasuries sank five basis points to 1.73%.Germany’s 10-year yield dipped one basis point to -0.35%.Britain’s 10-year yield was little changed at 0.73%.Japan’s 10-year yield sank three basis points to -0.124%.CommoditiesWest Texas Intermediate crude increased 3.4% to $57.11 a barrel.Gold was little changed at $1,472.34 an ounce.\--With assistance from Emily Barrett, Adam Haigh, Robert Brand and Sophie Caronello.To contact the reporters on this story: Sarah Ponczek in New York at sponczek2@bloomberg.net;Claire Ballentine in New York at cballentine@bloomberg.netTo contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Asian Shares Tumble as Trump Threatens Higher Tariffs
    FX Empire

    Asian Shares Tumble as Trump Threatens Higher Tariffs

    China on Wednesday made a slight cut to a key interest rate. Japan’s exports tumbled at their quickest pace in three years in October. Australia’s anti money-laundering and terrorism financing regulator filed for civil penalty orders against Westpac.

  • Tech Lifts Nasdaq to Record as Retail Drags on Dow: Markets Wrap
    Bloomberg

    Tech Lifts Nasdaq to Record as Retail Drags on Dow: Markets Wrap

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The Nasdaq Composite climbed to a fresh record on the back of gains in megacap tech companies even as the Dow Jones Industrial Average sank following disappointing reports from retailers.Gains in Facebook, Broadcom and Tesla lifted the Nasdaq while Home Depot was the biggest drag on the Dow after the company cut its annual forecast for the second time this year. Investors also mulled the implications of a report that U.S. and Chinese negotiators may link the size of tariff rollbacks to terms set during talks in May. Ten-year Treasury yields dipped below 1.8%, while oil tumbled for a second day.The dollar edged higher against its major peers after President Donald Trump said he “protested” U.S. interest rates that he considers too high in a meeting with Federal Reserve Chairman Jerome Powell at the White House. The Fed said Powell’s remarks were “consistent” with his recent public comments.Investors remain sensitive to any signs of whether U.S. consumers can continue supporting economic growth and are looking for developments on trade after months of closely watched negotiations. One challenge for stocks across developed markets lies in the MSCI World Index’s 21% advance this year, which has propelled the benchmark to its highest estimated price-earnings ratio since 2017.”More and more people are concluding that the economy has some strength, that it’s strong enough to support rising stock prices,” said Kate Warne, an investment strategist at Edward D Jones & Co. in St. Louis. “While consumer spending is falling, it’s not falling off a cliff. Overall most of the news has been good, investors are feeling more confident.”Elsewhere, European stocks ended lower. Equities fell in Tokyo and climbed in Shanghai. Gold held steady.Here are some key events coming up this week:U.S. economic indicators due for release include initial jobless claims on Thursday.Britain holds its first televised leadership debate before next month’s election Tuesday.Federal Reserve speakers this week include district bank presidents John Williams, Loretta Mester and Neel Kashkari.European central bankers speaking this week include European Central Bank President Christine Lagarde, Bundesbank chief Jens Weidmann, along with Yves Mersch, Luis de Guindos, Pablo Hernandez de Cos and Philip Lane.China announces its loan prime rates, a benchmark for borrowing costs, on Wednesday.These are the main moves in markets:StocksThe S&P 500 Index slipped less than 0.1% at the close of trade in New York; the Nasdaq Composite gained 0.2%; the Dow fell 0.4%.The Stoxx Europe 600 Index fell 0.1%The MSCI Emerging Market Index gained 0.4%.CurrenciesThe Bloomberg Dollar Spot Index rose less than 0.1%.The pound fell 0.2% to $1.2926.The euro increased less than 0.1% to $1.1077.The Japanese yen gained 0.1% to 108.55 per dollar.BondsThe yield on 10-year Treasuries dipped three basis points to 1.78%.Germany’s 10-year yield was little changed at -0.34%.Australia’s 10-year yield declined four basis points to 1.13%.CommoditiesWest Texas Intermediate crude declined 3.2% to $55.25 a barrel.Gold was little changed at $1,472.17 an ounce.\--With assistance from Andreea Papuc, Michael Msika, Todd White and Yakob Peterseil.To contact the reporters on this story: Vildana Hajric in New York at vhajric1@bloomberg.net;Claire Ballentine in New York at cballentine@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GLOBAL MARKETS-Shares, dollar dip as limp results, impeachment inquiry offset trade hopes
    Reuters

    GLOBAL MARKETS-Shares, dollar dip as limp results, impeachment inquiry offset trade hopes

    Shares in Europe dipped, Wall Street backed off record highs and the U.S. dollar was poised to extend a three-day losing streak as underwhelming earnings and uncertainty over an ongoing U.S. impeachment inquiry overshadowed hopes for a U.S.-China trade deal. The U.S. benchmark S&P 500 index was nominally lower and Home Depot Inc pulled the blue-chip Dow Jones Industrial index firmly into the red after the home improvement retailer cut its 2019 sales forecast. The inquiry focuses on a July 25 phone call in which President Donald Trump asked Ukrainian President Volodymyr Zelenskiy to carry out two investigations that would benefit him politically.

  • Asian Traders Shrug-Off Trade Deal Concerns; Alibaba Listing Boosts Hang Seng; Aussie Shares Up on Rate Cut Hopes
    FX Empire

    Asian Traders Shrug-Off Trade Deal Concerns; Alibaba Listing Boosts Hang Seng; Aussie Shares Up on Rate Cut Hopes

    Hong Kong’s Hang Seng Index rose sharply for a second session this week on the hopes of fresh government stimulus and the news that Alibaba will close its order books to institutional investors early for its upcoming secondary listing in Hong Kong. The Australian share market rallied after it was revealed the Reserve Bank gave serious consideration earlier this month to cutting rates for a fourth time this year.

  • Stocks Edge Higher With Focus on China Trade Deal: Markets Wrap
    Bloomberg

    Stocks Edge Higher With Focus on China Trade Deal: Markets Wrap

    (Bloomberg) -- U.S. stocks edged higher to fresh records as investors looked for signs of progress in U.S.-China trade negotiations. The dollar weakened and Treasury yields dipped.The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all fluctuated throughout the day, but ended up eking out a gain. Defensive shares such as consumer staples and utilities performed best. Word that the White House would extend a license to allow U.S. companies to do business with Chinese telecom firm Huawei competed with reports that said Beijing was skeptical about reaching a broad deal anytime soon.U.S. equities are showing their sensitivity to any developments on trade after months of closely followed negotiations. Today’s records extended gains from last week, when White House economic adviser Larry Kudlow said U.S.-China talks were nearing the final stages.“I don’t know how many times we’ve seen optimism turn into pessimism,” said Jerry Braakman, chief investment officer of First American Trust in Santa Ana, California, which manages around $1.7 billion. “If it was easy, it would already be signed.”Meanwhile, the dollar extended a slide after Federal Reserve Chairman Jerome Powell met with President Donald Trump and Treasury Secretary Steven Mnuchin on Monday to discuss the economy. Japanese and Chinese equities closed higher, while stocks slipped in India and Australia. Hong Kong’s market outperformed even as unrest in the city continued.Most members of the Stoxx Europe 600 Index fell. The pound jumped as the Conservative Party maintained its poll lead less than a month before U.K. elections.China’s yuan dipped after the country’s central bank lowered borrowing costs on short-term loans for the first time since 2015 and injected $26 billion into the financial system. The moves were seen as aimed at shoring up confidence following a string of poor data in the second-biggest economy.On the energy front, Saudi Arabia set an IPO valuation target for Aramco well below the kingdom’s goal of $2 trillion and pared back the size of the sale. It looks set to rely on local investors after most international money managers balked at even the reduced price target.Here are some key events coming up this week:U.S. economic indicators due for release include housing starts Tuesday and initial jobless claims on Thursday.Britain holds its first televised leadership debate before next month’s election Tuesday.Federal Reserve speakers this week include district bank presidents John Williams, Loretta Mester and Neel Kashkari.European central bankers speaking this week include European Central Bank President Christine Lagarde, Bundesbank chief Jens Weidmann, along with Yves Mersch, Luis de Guindos, Pablo Hernandez de Cos and Philip Lane.China announces its loan prime rates, a benchmark for borrowing costs, on Wednesday.These are the main moves in markets:StocksThe S&P 500 Index rose less than 0.1% at the close of trading in New York.The Stoxx Europe 600 Index was little changed.Hong Kong’s Hang Seng Index jumped 1.3%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The euro strengthened 0.2% to $1.1075.The Japanese yen rose 0.1% to 108.65 per dollar.The offshore yuan sank 0.3% to 7.0254 per dollar.The British pound gained 0.5% to $1.2955.BondsThe yield on 10-year Treasuries dipped two basis points to 1.81%.Britain’s 10-year yield rose two basis points to 0.75%.Germany’s 10-year yield was little changed at -0.34%.Italy’s 10-year yield fell two basis points to 1.21%.CommoditiesWest Texas Intermediate crude decreased 1.5% to $56.84 a barrel.Gold rose 0.2% to $1,471.77 an ounce.\--With assistance from Michael Msika, Andreea Papuc and Todd White.To contact the reporters on this story: Claire Ballentine in New York at cballentine@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Asian Shares Mostly Higher; Hang Seng Jumps on Stimulus Expectations
    FX Empire

    Asian Shares Mostly Higher; Hang Seng Jumps on Stimulus Expectations

    The markets were propped up by optimism over a possible U.S.-China trade deal, however, most investors were still awaiting concrete signs of progress in the trade talks. Sentiment in Asia got a lift after China’s central bank unexpectedly trimmed a closely watched lending rate on Monday, the first such cut in more than four years and a signal to markets that policymakers are ready to act to prop up slowing growth.

  • Asia Pacific Shares Mixed: Violence Pressures Hang Seng, Weak Data Drives Shanghai, Nikkei Lower, Aussie Stocks Rise on Rate Cut Hopes
    FX Empire

    Asia Pacific Shares Mixed: Violence Pressures Hang Seng, Weak Data Drives Shanghai, Nikkei Lower, Aussie Stocks Rise on Rate Cut Hopes

    Protests in Hong Kong drove the Hang Seng Index down 4.79% last week with a violent turn Monday. China’s industrial output grew significantly slower than expected in October. The Nikkei was pressured by a report that showed growth in Japan’s economy ground to a near standstill in the third quarter. Shares in Australia were unpinned last week after disappointing October jobs data raised the chances of another rate cut by the Reserve Bank of Australia (RBA) in the coming months.

  • U.S. Stocks Reach Records, Bonds Fall on Trade: Markets Wrap
    Bloomberg

    U.S. Stocks Reach Records, Bonds Fall on Trade: Markets Wrap

    (Bloomberg) -- Stocks rose to all-time highs and Treasuries edged lower after an American official hinted that the U.S. and China are close to locking down a partial trade deal. The dollar declined.The S&P 500 reached another record and gained for the sixth week in a row, the longest streak in two years, after White House economic adviser Larry Kudlow said late Thursday negotiations between the two countries were nearing the final stages. Both the Dow Jones Industrial Average, which past 28,000 for the first time, and the Nasdaq Composite also hit all-time highs.Health care companies as well as trade-sensitive tech shares led the advance. Applied Materials Inc. surged after the maker of chip equipment boosted its sales forecast.The benchmark 10-year Treasury yield rose for the first time this week, while the dollar dropped for a second day following a mixed bag of retail sales figures and weak factory numbers. The yen fell along with gold.“The markets have priced in the fact that it may not get done even though you’ve seen it move higher. But if you look at whenever they say ‘trade war is on, trade tariffs are off,’ -- if you look at that maneuver, it’s volatile to a point but it’s not significant,” Matt Lloyd, chief investment strategist at Advisors Asset Management, said by phone. “Most of us have gotten used to it. We’ve re-calibrated. It’s like the boy who cried wolf.”Concerns about the chances of the U.S. and China completing a phase-one pact had propelled Treasuries earlier this week, and acted as a headwind to a stock rally that keeps taking American gauges to record highs. The S&P 500 closed slightly higher on Thursday, though a mixed bag of global economic data has also given investors plenty to think about.Elsewhere, European, emerging-market and Asian stocks gained. China’s yuan strengthened against the dollar.These are the main moves in markets:StocksThe S&P 500 Index rose 0.8% as of 4 p.m. New York time.The Stoxx Europe 600 Index climbed 0.4%.The MSCI Asia Pacific Index gained 0.6%.The MSCI Emerging Market Index rose 0.7%.CurrenciesThe Bloomberg Dollar Spot Index dipped 0.2%.The euro gained 0.3% to $1.1054.The British pound rose 0.2% to $1.2904.The onshore yuan increased 0.3% to 7.0043 per dollar.The Japanese yen dipped 0.2% to 108.68 per dollar.BondsThe yield on 10-year Treasuries gained one basis point to 1.83%.Germany’s 10-year yield increased one basis point to -0.34%.Britain’s 10-year yield advanced two basis points to 0.725%.Japan’s 10-year yield decreased less than one basis point to -0.068%.CommoditiesWest Texas Intermediate crude rose 1.6% at $57.70 a barrel.Gold fell 0.3% to $1,468.40 an ounce.\--With assistance from Namitha Jagadeesh, Samuel Potter and Claire Ballentine.To contact the reporters on this story: Randall Jensen in New York at rjensen18@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Yakob PeterseilFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Global Markets Edge Higher, Trades Hopes Are Stoked, Weak Data Points To Further Slowing
    FX Empire

    Global Markets Edge Higher, Trades Hopes Are Stoked, Weak Data Points To Further Slowing

    Global markets edge higher on trade hopes but still no deal in sight, traders are warned to expect too much from the deal when and if it comes.

  • Asian Shares Firm after Kudlow Says Phase One Trade Talks in Final Stages
    FX Empire

    Asian Shares Firm after Kudlow Says Phase One Trade Talks in Final Stages

    Later on Thursday, White House economic adviser provided another ray of hope when he said negotiations over the first phase of a trade agreement with China were coming down to the final stages, with the two sides in close contact.

  • BOJ breaks its stock buying pattern, sparks talk of tapering
    Reuters

    BOJ breaks its stock buying pattern, sparks talk of tapering

    A subtle change in the Bank of Japan's stock buying has sparked debate among market players on whether the central bank is changing its tactics, or even trying to reduce its purchases covertly. The BOJ has not bought exchange traded funds (ETFs) since Oct. 9, its operation disclosure shows, the longest such spell since the it began buying stocks aggressively under Governor Haruhiko Kuroda as part of its broader efforts to stimulate the economy. The change suggests the BOJ could reduce stock buying if Japanese share prices stay near current levels -- the highest in a year and not far from three-decade highs touched last year -- even though market players say the BOJ will likely step up buying again if the market falls.

  • Reuters

    Japan's Toray to stop producing parts for Mitsubishi Aircraft's SpaceJet - Nikkei

    Toray, which is a major supplier of light weight carbon fibre components to aircraft makers, had planned to supply stabilizers for the SpaceJet's tail. Officials at Toray and Mitsubishi Aircraft were not immediately able to comment.

  • Stocks, yields slip as investor sentiment wavers
    Reuters

    Stocks, yields slip as investor sentiment wavers

    World stocks edged lower and debt yields fell on Thursday as Chinese economic data slowed in October and Germany narrowly avoided a recession in the third quarter, adding to concerns about the U.S.-China trade war's impact on global growth. MSCI'S All-Country World index , which tracks the performance of equity markets in 47 countries, slid 0.11% while gold prices rose, moving further away from a three-month low hit on Tuesday. The dollar fell against the Japanese yen and traded near break-even to slightly lower against the euro on diminished risk appetite due to the difficult nature of the U.S.-China trade talks amid ongoing political turmoil in Hong Kong.

  • U.S. Stocks Edge Higher; Bonds, Dollar Advance: Markets Wrap
    Bloomberg

    U.S. Stocks Edge Higher; Bonds, Dollar Advance: Markets Wrap

    (Bloomberg) -- U.S. stocks edged higher, stalling below all-time highs as investors remained skittish about whether the U.S. and China will be able to hash out a partial trade deal. The dollar and Treasuries rose.The S&P 500 eked out its second straight gain, treading just under its record reached as part of a more than 7% rally since the start of October, fueled by trade hopes, waning recession fears and rate cuts. Tech shares gyrated after a report said farm purchases have become another of several issues in negotiations between the world’s two largest economies. The Dow Jones Industrial Average reached a record as Walt Disney Co. surged following the debut of its streaming service.The 10-year Treasury yield fell the most in more than a week, while the dollar rose for the seventh time in eight sessions to the highest in a month. The yen advanced along with gold. West Texas crude rose to $57 a barrel.“There was a mild optimism in the market today fueled by hopefulness about the consumer. On the other hand, the whole trade tariff thing doesn’t seem to be any closer to a resolution,” said John Carey, portfolio manager at Pioneer Investment Management Inc. “That uncertainty is still out there, but at this point people have gotten used to that uncertainty. A continued non-resolution isn’t a new negative, it’s just part of the landscape we’ve been watching.”The prospect of a deal between the world’s two biggest economies has become key to sustaining a rally that drove American stocks to records, as it appears the Fed will be on the sidelines for a long time. The U.S. and China have yet to announce a new location or time to seal the agreement after an international gathering in Chile was canceled, and it’s unclear whether Trump’s renewed threats will move things forward.Elsewhere, emerging-market shares fell as Hong Kong’s benchmark stocks gauge slumped as the city endured a third day of unrest. Japanese shares retreated along with those in South Korea and Australia. New Zealand’s dollar jumped after the country’s central bank unexpectedly kept interest rates unchanged.Here are some key events coming up this week:Earnings season is slowing. Reports are due this week from companies including Japan Post Bank, Walmart, and Cisco.U.S. CPI and earnings data Wednesday may provide more clues on the Fed’s policy pathThursday brings China retail sales and industrial production data.U.S. retail sales on Friday are forecast to rebound in October after unexpectedly falling the prior month.These are the main moves in markets:StocksThe S&P 500 Index rose 0.1% at 4 p.m. New York time.The Stoxx Europe 600 Index declined 0.3%.The U.K.‘s FTSE 100 Index declined 0.2%.The MSCI Emerging Market Index sank 1.2%.CurrenciesThe Bloomberg Dollar Spot Index gained 0.1%.The euro was little changed at $1.1005.The British pound was little changed at $1.2838.The Japanese yen rose 0.2% to 108.84 per dollar.BondsThe yield on 10-year Treasuries sank five basis points to 1.88%.Britain’s 10-year yield dipped five basis points to 0.75%.Germany’s 10-year yield declined five basis points to -0.299%.Japan’s 10-year yield fell two basis points to -0.042%.CommoditiesWest Texas Intermediate crude rose 0.7% to $57.23 a barrel.Gold climbed 0.5% to $1,463.99 an ounce.\--With assistance from Robert Brand and Vildana Hajric.To contact the reporters on this story: Randall Jensen in New York at rjensen18@bloomberg.net;Claire Ballentine in New York at cballentine@bloomberg.netTo contact the editor responsible for this story: Jeremy Herron at jherron8@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • SoftBank's Z Holdings and Line eyeing merger - sources
    Reuters

    SoftBank's Z Holdings and Line eyeing merger - sources

    SoftBank's Z Holdings Corp is in talks to merge with messaging app operator Line Corp , two sources said on Wednesday, the investment company's latest bet on a struggling tech firm. A deal could see SoftBank Corp , which controls internet firm Z Holdings, and Line's parent Naver Corp form a 50:50 venture that would control Z Holdings, which would in turn operate Line and Yahoo, the sources said.

  • Japan’s Unity of Policy Will Be One of Abe’s Successes, Says Nomura’s McCafferty
    Bloomberg

    Japan’s Unity of Policy Will Be One of Abe’s Successes, Says Nomura’s McCafferty

    Nov.19 -- Jim McCafferty, joint head of APAC equity research at Nomura, discusses their target of 25,000 for the Nikkei 225, the economy and Abenomics. He speaks on “Bloomberg Markets: Asia.”