|Day's range||28,430.199 - 28,816.301|
|52-week range||24,540.631 - 31,978.141|
Cautious markets are hopeful a trade deal will be reached soon after sketchy details of possible documents are released to the media.
The offshore Chinese Yuan rallied sharply higher on Tuesday after Bloomberg News reported that the U.S. is requesting that China keep the Yuan stable as part of the trade deal. The move would be aimed at mediating any effort by the Chinese to devalue the Yuan to counter American tariffs, people familiar with the situation told Bloomberg News.
Trade sentiment drags on equities on Tuesday but there is still hope a deal can be reached between US and Chinese negotiators.
Risk appetite delivers early moves across the riskier asset classes. With a light economic calendar, vehicle sales out of China will be of interest.
Trade talks delivered strong gains across the European and U.S equity markets last week. What’s on the horizon for the DAX and EUR?
Trade optimism and better than expected US data help lift stock in early trading, reversing losses in the Thursday session.
Chinese stocks have staged a resurgence this year, stoked by stimulus unleashed by China’s central bank and a dovish US Federal Reserve, in a sharp reversal of its performance last year as the world’s worst equity market. The dovish move was followed by other central banks globally, giving a boost to China and other emerging markets. The switch in tone came against a backdrop of global geopolitical tension, with uncertainty hanging over Brexit and the US-China trade war.
US stocks on Friday posted their best daily gain this month, as investors kept faith that Beijing and Washington will still manage to avert an escalation in the trade war between the world’s two biggest economies. After US and Chinese trade negotiators held the first substantial talks this week in several months, the two sides would meet again next week in Washington, President Xi Jinping said.
The move lower in global equities gathered pace in Asia trading on Friday against a backdrop of rising concerns over global growth and as sentiment soured about the prospects of a positive outcome from the high level US-China trade talks in Beijing today. The Hang Seng index in Hong Kong was among the worst hit across the major bourses, falling 1.6 per cent in morning trade with all market segments in negative territory. Seoul’s Kospi was down by 1.5 per cent, led by a 2.7 per cent drop for technology stocks.
Thursday 21.46 GMT Wall Street lost ground on Thursday after poorer than expected US retail sales data sent shivers through the stock market. The bleak American data followed numbers that showed Germany ...
With the start of high-level trade talks between the United States and China, Asian market traders are taking a cautious approach to the stock market on Thursday. However, under the cautiousness, there is some optimism. China released better-than-expected January trade balance data early Thursday. The news seemed to have a positive effect on the Australian and New Zealand Dollars, but failed to add to this week’s strength in the major Asian stock markets.
More than 66% of the S&P 500 have reported so far for the fourth quarter and the results are better than expected.
US stocks were mixed on Monday, struggling to maintain the momentum from gains in global stock markets as initial US-China trade talks got under way. A cautious mood hung over markets ahead of planned meetings this week between Robert Lighthizer, the US trade representative, Steven Mnuchin, the US Treasury secretary, and Chinese vice-premier Liu He as the separate threat of another US government shutdown also hung in the balance. “There is an uncertainty in the air and in the markets, which is adding a little downward pressure,” said Michael Underhill, chief investment officer at Capital Innovations.
The gains by Chinese equities came even after data from China’s commerce ministry showed retail sales grew 8.5 per cent year on year during last week’s holiday compared to a 10.2 per cent rise in 2018.
Economic data out of the UK and Brexit chatter keeps the Pound in focus. Across the pond, expect chatter from Capitol Hill to also influence in the day.
Chinese stocks started the week in negative territory and the onshore renminbi lost ground after returning from a five-day break and as US-China trade negotiations began in Beijing. Chinese stocks returned opened lower on the return from the lunar new year break. The Hang Seng index in Hong Kong was down 0.2 per cent as financial stocks slipped 0.3 per cent and the technology sector fell 0.1 per cent. The Hang Seng China Enterprises index was down 0.3 per cent. In Australia, the S&P/ASX 200 was down 0.5 per cent as the financials sector shed 1.2 per cent as the country’s four major banks all retreated.
Shares of Twitter were moving lower in early trading which added to the general aura of negativity in the market today.
European indices were higher in the earliest portion of the session but gave up those gains by midday. In earnings news, shares of GM spiked in early trading after it reported much better than expected earnings.
We have come to the second month of 2019 and it’s time to take a deep breath after the crazy run of the year, evaluate what has already happened and made some precisions on the upcoming months.
U.S. stocks flipped between small gains and losses Monday, as a rise in technology shares was offset by declines in health-care and energy companies. The Dow Jones Industrial Average rose 36 points, or 0.1%, to 25100. The S&P 500 climbed 0.3%, on course to rise for the fourth consecutive session.