|Day's Range||21,169.96 - 21,365.78|
|52 Week Range||20,347.49 - 24,448.07|
The sell-off in global equities deepened in Asia hours after Chinese economic data released over the weekend signaled a further weakening of both domestic and international demand in November. Adding insult to injury, tensions have ratcheted up after the arrest of Huawei Technologies Co. Chief Financial Officer, with China’s Vice Foreign Minister having summoned the U.S. Ambassador to China in a protest over her capture on Saturday. Australia was the worst performer in the region with Japan’s, whose economy shrank more than forecast, while China’s stocks dropped with the offshore yuan weakening for a fourth day.
Treasury yields extended last week’s retreat and the dollar fell. Shares dropped from Sydney to Hong Kong and futures indicated lower starts for sessions in Europe and the U.S. on Monday. Dampening the mood at the start of the week was news China’s vice foreign minister has summoned the U.S. ambassador Terry Branstad in protest over the arrest of Huawei Technologies Co.’s chief financial officer and weak data on China’s slowing economy.
Shares in Asia saw losses in the afternoon. Chinese trade data for November came significantly below expectations over the weekend. Stocks in Asia traded lower Monday afternoon following significantly weaker-than-expected Chinese trade data released over the weekend.
Oil rose after OPEC agreed to cut output. The trade outlook appeared to take a negative turn after Huawei Technologies’s chief financial officer was charged with conspiracy and the U.S. alleged the company violated sanctions. The Federal Reserve’s Lael Brainard struck a hawkish tone in comments at a conference.
Oil prices continued to fall on Friday, as the Organization of the Petroleum Exporting Countries (OPEC) struggled to come up with an agreement on cutting oil production. West Texas Crude oil futures for January slumped 0.43% to $51.27 a barrel, while Brent crude futures, the benchmark for oil prices outside the U.S., rallied 0.17% to $60.16. The Thursday session of the OPEC meeting in Vienna ended without any decision on cutting oil supply, as Iran seeks an exemption from any cuts due to U.S. sanctions which have already weighed on its exports.
U.S. equity markets settled lower on Thursday, but well off their lows after news hit the market that the U.S. Federal Reserve could tighten monetary policy at a slower pace than previously expected.
Investing.com - Asian markets were mixed in morning trade on Friday, with Chinese stocks underperforming as concerns surrounding technology giant Huawei remained in focus.
Tokyo prosecutors plan to indict former Nissan Motor Co Ltd (Tokyo:7201.T - News) Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily reported, ratcheting up their case against the auto tycoon. Prosecutors also plan to indict on the same day former representative director Greg Kelly as well as the automaker itself, the Nikkei said on Friday, citing unidentified sources. The Nov. 19 arrest of Ghosn and Kelly shook the foundations of the Renault-Nissan alliance and stunned the auto industry, where Ghosn is renowned for turning around the French and Japanese carmakers.
Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.
The mainland Chinese markets ended the trading day largely flat. Stocks in Japan, South Korea and Australia saw gains on the day. The Wall Street Journal reported on Thursday that the Federal Reserve is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month.
Financial markets remained volatile on bets that the trade truce between China and the U.S. won’t last after the arrest of Huawei’s chief financial officer. Bank shares in the S&P 500 fell as much as 3.9 percent before closing down 1.4 percent, as Treasury yields slid to the lowest since August. Helping to ease anxiety were comments from two regional Federal Reserve presidents urging policy caution from the U.S. central bank amid mounting economic uncertainties and recent volatility in financial markets.
Asian markets were down across the board as trade fears flare-up once again. In the US traders have an eye turned to the economic data as they look for signs of an economic slowdown.
U.S. stocks were poised to fall sharply Thursday, as global markets shuddered over the arrest of a top Chinese tech executive and a fresh plunge in oil prices. Oil prices pared some of their earlier losses but Brent crude remained 2.3% lower at $59.76 a barrel, and West Texas Intermediate futures fell 2.5% to $51.57 a barrel, after Saudi Arabia’s oil minister said there had not yet been any agreement made over oil output cuts. Bleak sentiment in the U.S. echoed that in Europe, where the Stoxx Europe 600 index slid 2.2% in early afternoon trading.
Investing.com - Asian markets traded lower in morning trade on Thursday, with Hong Kong stocks dropping almost 3% after the arrest of the chief financial officer of China tech giant Huawei Technologies.
Nissan Motor Co has found more cases of improper testing of vehicles in Japan and is considering recalling affected cars, the Nikkei reported on Thursday. Nissan has already revealed a few cases of improper ...
Investors are saying that increased algorithmic selling because of a phenomenon in the U.S. Treasury markets is causing the weakness. On Monday, when the selling started, the yield on the three-year Treasury note surpassed its five-year counterpart.
Huawei CFO Meng Wanzhou, who is also the daughter of the company's founder, is said to face extradition to the United States. Tech stocks throughout Asia plunged on Thursday.
Global stocks fell on Wednesday, plagued by a flattening yield curve that sparked concerns about an economic slowdown in the United States and weakening expectations of a lasting U.S.-China trade truce, while the dollar steadied. U.S. markets were closed to mark former President George H.W. Bush's death, but the effect of Wall Street's turmoil in the previous session, when New York-listed shares tumbled more than 3 percent, was felt in Asia and Europe. Tuesday's markets chaos came a day after equities boomed on optimism that China and the U.S. had temporarily called a tariff ceasefire to sort out their trade dispute.
In the US, most markets were closed in mourning for fallen-President George H.W. Bush. The EU indices were down in Wednesday trading as trade fears outshine strong data. Asian indices were down across the board in the wake of Tuesday’s broad sell-off in the US equities market.
Investing.com - Asian stocks declined in afternoon trade on Wednesday even after China expressed confidence that it could reach a trade deal with the U.S.
Monday’s 2 percent surge in Asian stocks is now all gone. Tuesday’s slump was mainly due to a big sell-off in Japan amid profit-taking and concerns surrounding the lack of clarity around the 90-day trade-war cease-fire. Then U.S. stocks plunged overnight and, by extension, the decline came to Asia.
Investing.com - Oil prices fell on Wednesday morning in Asia following threats from Iran that it would disrupt oil shipments in the Gulf, which added to uncertainties ahead of the upcoming OPEC output meeting.
Investing.com - Asian stocks fell in morning trade on Wednesday following a plunge on Wall Street overnight.
Stocks in Asia slipped on Wednesday after a plunge on Wall Street as investors worried about a potential economic slowdown. Overnight on Wall Street, stocks saw a sell-off with concerns triggered after the three-year Treasury note surpassed its five-year counterpart on Monday. Beyond concerns over the inversion in the yield curve, uncertainty surrounding the details of the agreement struck between U.S. President Donald Trump and Chinese President Xi Jinping in Buenos Aires continue to weigh on markets.