|Day's range||25,623.400 - 25,861.730|
|52-week range||24,540.631 - 33,484.078|
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
Prime Minister Theresa May delayed a Brexit vote that was set to take place on Tuesday in the U.K. parliament — the British pound plunged to 21-month lows following the announcement.
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
China reported November trade data over the weekend that came significantly below expectations. Exports rose only 5.4 percent from a year ago versus a forecast of 10 percent jump. Import growth was the slowest since October 2016 at 3 percent.
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 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.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
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.
The US S&P 500 tumbled as much as 2.9 per cent at one point, sending investors scrambling for safer assets, but clawed its way back to end the day off 0.2 per cent. The Dow Jones Industrial Average closed down 0.3 per cent, after falling as much as 3.1 per cent, while the Nasdaq eked out a 0.4 per cent gain by day’s end. The turbulence sent investors scrambling for the safety of highly rated government debt, pushing the 10-year Treasury yield down to a four-month low of 2.82 per cent, before settling at 2.90 per cent, down 2 basis points for the day.
Renewed worries over US-Chinese trade relations and steep falls for oil prices ensured another turbulent session for global stock markets. The Dow Jones Industrial Average fell 0.3 per cent but the tech-heavy Nasdaq Composite ended with a gain of 0.4 per cent.
China-focused stocks were the among the worst performers in the region on Thursday after the arrest of Huawei's chief financial officer in Vancouver reignited concerns about US-China trade tensions. The ...
Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's ...
U.S. equity futures rose after a crushing session on Tuesday sent stocks plunging to their worst performance in nearly two months.
Major European bourses faced selling pressure in early trade on Wednesday as a rally which started earlier in the week on the back of a possible respite in the China-US trade war came to a halt. The Europe-wide ...
Stocks in China, Hong Kong, Japan, South Korea and Australia saw losses after a Wall Street sell-off that saw the Dow Jones Industrial Average plunge almost 800 points by the close.
But the mainland Chinese markets, closely watched by investors as a result of Beijing's trade war with Washington, bucked the overall downtrend to see gains on the day.
Monday 21.00 GMT The US-China trade war ceasefire and a strong rally for oil prices helped drive global stock indices sharply higher — particularly in emerging markets — led by the resources, technology ...
The dollar lost ground to its Asia-Pacific peers, with the Australian dollar, which is seen as exposed to regional trading volumes, gained 0.7 per cent to $0.7367 against the greenback. The onshore Chinese renminbi exchange rate, which moves within a trading band of 2 per cent either side of a daily midpoint set by the People’s Bank of China, was also up 0.7 per cent at Rmb6.9074 per dollar.
Chinese equities rallied, the renminbi gained ground and Treasury yields rose, pushing down prices on Monday as markets reacted to the temporary truce in the US-China trade dispute struck by Donald Trump and Xi Jinping over dinner in Buenos Aires on Saturday. In China the CSI 300 index of major stocks in Shenzhen and Shanghai jumped 2.7 per cent in early trading. The S&P/ASX 200 in Sydney was 1.5 per cent higher and Tokyo’s Topix added 1.4 per cent. Hong Kong’s Hang Seng index gained 1.9 per cent and the Hang Seng China Enterprises index of major Chinese stocks listed in Hong Kong was up 2.3 per cent.
US stocks gained ground — although the mood remained uncertain as the G20 summit got under way in Argentina — at the end of a week that saw markets react strongly to the surprisingly dovish tone of a speech by Jay Powell, chairman of the US Federal Reserve. “But there is no appetite in the US administration or in Congress for easing pressure on China’s strategic advance against US economic interests.
Major stock indices in Asia-Pacific posted muted gains on Friday ahead of a meeting on trade between US President Donald Trump and China’s Xi Jinping at the G20 in Argentina this weekend. Comments from the Trump administration this week have tempered expectations for the talks and news that presidential adviser and known China hawk Peter Navarro will be present at the talks dampened sentiment on Wall Street overnight.
Asia-Pacific equities rose in early trading on Thursday, following a jump on Wall Street overnight after investors interpreted comments from Federal Reserve chairman Jay Powell as a signal the central ...
Equity markets were mostly higher in Asia-Pacific trading despite a fresh salvo from the Trump administration casting doubt over the potential for a reprieve in the US-China trade dispute. The CSI 300 index of major Shanghai and Shenzhen stocks rose 1.2 per cent after a sluggish start, while in Hong Kong the Hang Seng China Enterprises index was up 0.9 per cent.
The CSI 300 index of major Shanghai and Shenzhen stocks opened 0.2 per cent higher and in Hong Kong, the Hang Seng China Enterprises index was up 0.3 per cent. Havens were subdued with the Japanese yen steady at ¥113.77 against the dollar and gold basically unmoved at $1,214 an ounce. Natixis senior economist Trinh Nguyen said markets have already priced in some bad news from G20 but if both leaders move further apart, the result would be “negative not just for China but the US, emerging Asia and Europe, which already has slowing momentum”.