|Day's Range||22,212.57 - 22,551.67|
|52 Week Range||20,347.49 - 24,448.07|
Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit ...
(Bloomberg) -- U.S. stocks edged lower as investors assessed the latest batch of corporate earnings and simmering geopolitical tensions ahead of the weekend. The dollar weakened and oil rose.
Yes, Chinese and Hong Kong shares rallied after their mid-day breaks, but it took a whopping four hours for that to happen after China propped up the market earlier on Friday. The fact of the matter is, a 2 percent to 3 percent climb on Friday won’t remove China’s title as the world’s worst stock market. The bounce has certainly pulled other Asian markets up with the mainland rally (Shenzhen stocks climbed 2.6 percent) in afternoon trading, but the MSCI Asia Pacific Index was still down 0.2 percent as of 5 p.m. in Hong Kong after dropping as much as 1 percent earlier.
Investing.com - Asian stocks fell in morning trade on Friday after official data showed China’s economy slowed more than expected in the third quarter of 2018.
U.S. Treasury markets posted a wicked two-sided trade on Thursday. The first move by yields was to the upside, driven by Wednesday’s hawkish Fed minutes, which strongly indicated the Fed will remain on its tightening path. Yields began to fall on safe-haven buying after European Central Bank President Mario Draghi criticized plans by certain member countries to increase borrowing limits, sending Italian and Spanish yields up sharply.
After a turbulent morning, Greater China markets rebounded strongly, following a series of measures by China's securities regulator to support the struggling stock market. China's GDP numbers showed its economic growth slowed to 6.5 percent year-over-year in the third quarter of 2018. Stocks in Asia were mixed on Friday after China's GDP growth for the third quarter of 2018 came in below expectations.
It’s also the most expensive relative to reported earnings, and its weighted average cost of capital is almost double the median for Japan’s 20 largest traded companies, excluding financial firms. Fast Retailing declined to comment on its stock.
Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia. European stocks closed near the day's lows and Wall Street slid after the European Commission said Italy's 2019 budget draft is in "particularly serious" breach of EU budget rules, a step that prepares the ground for what would be an unprecedented rejection of a member state's fiscal plan. Italy's 5-year yield hit its highest since October 2013 and its 10-year yield brushed against a 4-1/2 year high.
(Bloomberg) -- A risk-off tone gripped global financial markets, with U.S. stocks sliding while Treasuries climbed with the yen on demand for havens.
Investing.com - Asian markets were mostly lower in afternoon trade on Thursday after the U.S. Federal Reserve officials indicated the central bank is staying the course on rate hikes.
According to pre-market reports, European traders are assessing the news that European Union leaders shelved plans for a special summit to complete a Brexit deal next month.
Investing.com - Asian markets dipped in morning trade on Thursday after U.S. stocks ended lower after a volatile session. The Treasury Department said in its semi-annual currency report that China did not meet the criteria to be named a currency manipulator.
Stocks on Wall Street had a turbulent session overnight following the release of the Federal Reserve's September meeting minutes, which showed a commitment to tighter monetary policy to keep the economy steady. The U.S. Treasury Department refrained from labeling China as a currency manipulator in a report released on Wednesday, but adopted tougher language against the country. The Greater China markets were largely lower, as Hong Kong's Hang Seng index slipped by 0.47 percent in the afternoon.
Treasuries declined and the dollar gained as Fed minutes appeared to lean toward the chance of more hikes in the future. Gains by banking giants Goldman Sachs and Morgan Stanley couldn’t counter concerns about China that hit Technology stocks, as well as worries about the Fed’s path that seeped into rates-sensitive shares. The dollar rose the most in two weeks before a report expected Wednesday by the U.S. that could label China a currency manipulator.
While we can expect some focus on the FOMC minutes, it’s all about the GBP and the EUR today, the EU Summit putting Brexit and Italy in focus.
U.S. stocks surged, sending the Dow industrials up more than 500 points, as upbeat economic and earnings reports provided investors with new evidence that the domestic expansion remains on a strong footing....
Overnight on Wall Street, major stock indexes saw their best day since March after the release of strong quarterly results from some of the largest U.S. companies. Stocks in Asia were broadly higher on Wednesday following a bounce on Wall Street overnight on strong U.S. earnings. China's holdings of Treasury bills, notes and bonds fell to $1.165 trillion, from $1.171 trillion in July, according to U.S. Treasury data.
Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.S. production was overshadowed by a tighter global supply outlook as Iran prepares for U.S. sanctions. Despite the rally in stocks, U.S. Treasury yields were steady. European shares pulled up from Monday's 22-month lows, partly on expectations that the reporting season will deliver double-digit earnings growth.
The S&P 500 surged more than 2 percent, all 30 members of the Dow Jones Industrial Average advanced and small caps in the Russell 2000 Index notched the best gain since the day after the 2016 election. The Nasdaq Composite saw its biggest gain since March as UnitedHealth Group bolstered health-care firms and Adobe’s forecast lifted software makers. Technology stocks looked set to extend gains in the futures session as Netflix rallied on a surge in net subscribers.
STOCKSTOWATCHTODAY BLOG Good Times. The Dow Jones Industrial Average was heading higher Tuesday after closing in the red on Monday. Attention will be on corporate earnings, with (GS) Morgan Stanley, and (JNJ) among the companies set to report.
Investing.com - Asian equities were mixed in afternoon trade on Tuesday. Official data showed on Tuesday that China's consumer price index (CPI) in September rose 2.5% from a year earlier, in line with economists’ forecasts.
Investing.com - Asian equities rebounded in morning trade on Tuesday, although escalating tensions between Saudi Arabia and the U.S. over the disappearance of journalist Jamal Khashoggi capped gains.
Risk appetite trickles back into the markets early on supporting the commodity currencies, while the Kiwi gets a boost from Q3 inflation numbers.