|Day's Range||21,422.65 - 21,464.82|
|52 Week Range||16,111.81 - 21,464.82|
Asian stocks inched up to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields. Trade was cautious, however, as investors waited for third-quarter economic growth data from China at 0200 GMT, which is expected to show its momentum is starting to cool as the government reins in the property market and cracks down on riskier lending. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.05 percent, nearing a 10-year peak scaled on Tuesday.
Most major Asian markets rose in early Thursday trade as investors awaited a barrage of economic data releases out of China.
Wall Street may be ready for new record highs today. The Dow Jones Industrials is expected to resume its upwards pace upon opening. Tax reform and quarterly earnings continue to be a focus for investors. Average Earnings Index numbers from the U.K today showed an increase. Dow Jones Industrials to Set New Mark, Indexes Being … Continue reading New Record Levels Possible on Wall Street, US Futures Point to a Slightly Positive Open
On October 18, the Shanghai Composite Index closed at 3,381.79 after rising 0.29%. The SPDR S&P China ETF (GXC) fell 0.9% on October 17, 2017.
European stock markets are mostly posting gains, as the dollar pushes higher and U.S. stock futures strengthen after a largely positive session in Asia overnight. IBM reported better than expected earnings, which is buoying the Dow Industrials. Commodities remained in focus as WTI is trading above USD 52 per barrel, after falling to a session … Continue reading European Stocks Soar as the Dollar Gains Traction and Earnings Show Robust Gains
As part of our Black Monday series 'Crash of '87 -- TheStreet Special Report' we look at what factors could come to fruition in the near future, three decades after Black Monday.
Bank of England Governor Mark Carney sparked the Pound lower yesterday. ECB President Mario Draghi will be speaking today. The China National Congress began this morning. President Trump continues to talk tax reform. Trump Offers Christmas Gift, Dow Jones Industrials Near 23,000 Tax reform remained a focal point via the White House on Tuesday, as … Continue reading Global Stocks Rise, Dow Jones Reaching New Record Levels
Asian shares closed mixed as investors looked to China's Party Congress for signs on future policy direction.
Gold looked to reverse declines from the early part of the week, as sentiment towards a significantly more hawkish FED in the hands of Stanford economist John Taylor eased through the early part of the day. The Taylor Law has projected that interest rates should be three times higher than current levels, with Taylor known … Continue reading Gold Steadies as Markets Consider the FED Chair Effect
Earlier in the Day: There were no material stats released through the Asian session this morning, leaving the markets to consider China’s Premier Xi Jinping’s opening speech at China’s National Party Congress. With the U.S administration ruffling global feathers, a shift in foreign policy and sentiment towards relations with the U.S is a possible outcome … Continue reading China’s National Party Congress in the Spotlight, with Draghi and UK Employment Figures to Drive the EUR and the GBP
U.S. stocks rose on Tuesday after company earnings reports were better than expected, with the Dow Jones Industrial Average breaching the 23,000 mark for the first time, while the U.S. Treasury yield curve flattened and the dollar rose to a one-week high on increased inflation expectations. The Dow briefly touched a new high of 23,002.20, powered by earnings from UnitedHealth and Johnson & Johnson. The S&P 500 had been negative as traders were left unimpressed by some bank earnings, but it ticked up before the market closed.
Oil prices ended little changed on Tuesday, steadying after earlier gains and losses, as expectations of high U.S. production and exports offset concerns that fighting between Iraqi and Kurdish forces could threaten the country's crude output. The fighting in one of Iraq's main oil-producing areas helped to restore a risk premium on oil prices, though officials said that oilfields in the region were operating normally. "Everyone is looking to see if the high level of (U.S.) crude oil exports will pull down inventories again," Kilduff said.
Stocks were narrowly mixed just after the starting bell Tuesday's, as a slip by Boeing limited early gains on the Dow.
After rising last week, China’s Shanghai Composite Index fell on Monday and started this week on a weaker note. The index opened lower on October 17.
European stock markets moved sideways on Tuesday. The DAX and FTSE 100 are posting slight gains, while IBEX and MIB are underperforming, as Spain’s Catalonia problem escalates with arrests among leading independence proponents and Madrid reportedly preparing to take over direct control if a second deadline on Thursday is not met. Slightly weaker than expected … Continue reading Softer than Anticipated German Zew Weighs on European Shares
Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. Japan's No.3 steelmaker is still trying to nail down the extent of the tampering, said the source, requesting anonymity because he was not authorized to speak to the media. "We cannot confirm the Nikkei report as our investigation is ongoing," a Kobe Steel spokesman said.
The Nikkei 225 closed higher for an 11th straight session while a broader index of Asian shares were little changed on Tuesday.
Earlier in the Day: Macroeconomic data out of the Asian session this morning was limited to New Zealand’s 3rd quarter inflation figures, which were better than forecasts, easing some pressure on the Kiwi Dollar, though the numbers were certainly well below Q3 estimates released in August, where the annual rate of inflation had been estimated … Continue reading RBA Minutes Weigh on the AUD, with UK Inflation and Carney to Drive the Pound
Japan's Kobe Steel Ltd falsified product quality data well beyond the roughly 10-year time frame given by the steelmaker, the Nikkei financial daily reported, citing a source with knowledge of the situation. ...
Wall Street closed at record highs, the dollar edged up and copper touched a three-year peak on Monday as upbeat Chinese data drove optimism about the world's second-biggest economy, while oil prices jumped ...