|Day's Range||22,076.63 - 22,261.35|
|52 Week Range||18,542.42 - 24,129.34|
Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation globally put some pressure on fixed-income assets. As David Pollard reports, the surge came on a Reuters report that OPEC's new price hawk Saudi Arabia would be happy for crude to rise to $80 or even $100.
The S&P 500 snapped a three-day winning streak Thursday, as tumbling shares of consumer-staple companies pulled the broad index lower.
Asia-Pacific stock markets traded lower Friday after two days of broad gains, with technology stocks leading the way following a downbeat outlook from Taiwan Semiconductor Manufacturing Co.
Asian shares slipped on Friday as a warning on smartphone demand from the world's largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds. Apple (NasdaqGS:AAPL - News) led the way after Taiwan Semiconductor Manufacturing (Taiwan:2330.TW - News) cut its revenue target to the low end of forecasts and blamed softer demand for smartphones. "The big story for the APAC region today will be fallout from TSMC's miss, which will weigh heavily on the tech sector, with first order impacts on the Semis and Samsung Electronics/ Galaxy supply chain," analysts at JPMorgan said in a note.
Investing.com – Asian stocks extended their gains in afternoon trade on Thursday, with resources stocks outperforming as oil prices surged following news that Saudi Arabia and its allies have no plans to end the supply cut.
It was risk on through the Asian session, with equity markets rallying, a jump in commodity prices supporting the Aussie Dollar that managed to shake off weak stats early on, with retail sales the next hurdle for the Pound this morning.
Investing.com – Asian stocks gained in morning trade on Thursday. Reports that U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe would start talks on trade were cited as tailwind for equities.
Asia-Pacific stocks were broadly higher Thursday, building on gains a day earlier, with oil prices at 3½-year highs helping to boost sentiment for the region’s equities.
BoC to set the tone for the Loonie later today, with inflation figures out of the Eurozone and the UK to also give some guidance on where the respective central banks are heading in the coming months.
Japan’s Nikkei (^N225) rose 1.1% as the yen eased to session lows. Tech stocks led in the U.S. and that carried over to Asia after some weakness Tuesday following the U.S. ban on sales to Chinese telecom-equipment maker ZTE (0763.HK) . Taiwan’s Taiex (^TWII) , which lagged behind Tuesday, rebounded 0.7% as Taiwan Semiconductor Manufacturing (2330.TW) rose 1.3%.
Investing.com – Asian equities traded mostly higher on Wednesday, as U.S. stocks rose a second day after more index heavyweights reported better-than-expected earnings.
Asian markets gained on Wednesday, tracking the firmer lead from Wall Street where investors cheered robust quarterly earnings.
Investors digested news that China's central bank had on Tuesday cut the reserve requirement ratio for some banks. Markets in Asia closed higher on Wednesday, as investor confidence firmed on the back of Wall Street's advance following strong earnings. The gains also came amid lingering concerns over trade-related developments.
U.S. and European shares climbed on Tuesday on quarterly earnings and a renewed appetite for risk, while the dollar rose off a two-week low and 2-year Treasury yields touched a decade high after economic ...
Asian markets have declined moderately although China’s growth numbers did match their expectations. US futures rise on strong earnings.
Mixed Global Markets, Improved Risk Appetite on April 17Economic calendar 8:30 AM EST: US building permits (March) 8:30 AM EST: US housing starts (March) 9:15 AM EST: FOMC member Williams speaks 9:15 AM EST: US industrial production (March) 10:00 AM EST: FOMC member Quarles speaks 11:00 AM EST: FOMC member Harker speaks 4:30 PM EST: US API weekly crude oil stock 5:40 PM EST: FOMC member Bostic speaks 7:50 PM EST: Japan’s adjusted trade balance 7:50 PM EST: Japan’s imports and exports
Asian stock markets struggled for direction Tuesday morning, though beaten-up equities in Hong Kong and China got a lift from news of better-than-expected economic growth in the mainland.
Investing.com – Asian equities were mixed in afternoon trade on Tuesday. China's first quarter GDP growth was in focus as it came in slightly higher than expectations. Traders now look ahead to a speech by the incoming head of the New York Fed John Williams later this week.
A dovish RBA and weak economic data out of China weighed through the Asian session, with the day ahead a busy one on the economic calendar, bringing the Pound, the EUR and the Dollar into focus.
Transportation companies boosted major indexes Monday, as some strong corporate-profit reports helped investors look past simmering geopolitical tensions.
Investing.com – Asian equities slipped in morning trade on Tuesday. Investors’ attention now turned to first quarter earnings and China’s GDP report due at 10PM ET (02:00 GMT) as geopolitical tensions eased. Traders also look ahead to a speech by the incoming head of the New York Fed John Williams later this week.
Wall Street closed higher on Monday as investors appeared less concerned about possible retaliation for U.S.-led missile strikes on Syria, and the yield curve reached its flattest level in over a decade. The bombing in Syria looks to be an event rather than an ongoing thing and it was a coalition," said Jeffrey Carbone, managing partner, Cornerstone Wealth, in Huntersville, North Carolina. President Donald Trump said on Monday that he will nominate economist Richard Clarida as Federal Reserve Vice Chairman, adding another hawkish voice at the central bank.