|Day's range||27,998.36 - 28,329.98|
|52-week range||26,632.98 - 33,484.08|
China’s Shanghai Composite Index started this week on a weaker note and declined in the first three trading days of the week. The Shanghai Composite Index opened higher on July 19. However, the index lost strength as the day progressed and closed lower.
Employment numbers give the Aussie Dollar a boost as focus shifts to today’s stats out of the UK. Another set of weak numbers and the Pound could be looking at sub-$1.30 levels, progress on Brexit doing few favors.
Morgan Stanley, United Continental and railroad CSX were among Wednesday's early earnings beats, but a rising dollar and pending testimony from Fed Chief Powell kept early trade in check.
China’s Shanghai Composite Index closed higher last week and broke the seven-week losing streak. However, the Shanghai Composite Index started this week on a weaker note and declined in the first two trading days amid the weak market sentiment. The Shanghai Composite Index opened slightly higher on July 18, lost strength as the day progressed, and closed the day at one-week low price levels.
Shares of smartphone maker Xiaomi rose after the Hong Kong exchange said it would work with its mainland counterparts on moving toward including companies with weighted voting rights in the stock connect program.
Upward momentum in the Dollar resumed following Powell’s testimony on Tuesday, with today’s testimony and noise from the Oval Office likely to influence, with inflation numbers out of the UK to hit the Pound.
Asian shares rose, tracking gains seen on Wall Street amid earnings season news and following upbeat remarks from Federal Reserve Chairman Jerome Powell.
Netflix led tech stocks lower early Tuesday as Johnson & Johnson, Goldman Sachs and UnitedHealth Group reported and markets looked toward Senate testimony from Fed Chief Powell.
After closing higher last week, China’s Shanghai Composite Index started this week on a weaker note by pulling back on Monday. Carrying forward the weakness, the Shanghai Composite Index opened lower on July 17 and declined as the day progressed.
Key stats out of the UK over the next few days could reinforce an August rate hike by the BoE, while FED Chair Powell may need to elaborate on possible effects of the trade war in the economy and policy.
Asian stocks were mixed on Tuesday, with Japan gaining amid the weaker yen and China markets overnight extending losses.
China’s Shanghai Composite Index closed higher last week and broke the seven-week losing streak. However, the Shanghai Composite Index opened lower and declined as the day progressed on Monday amid the weak market sentiment.
Softer economic growth in China weighed on risk appetite early in the day, with the U.S – Russia Summit, trade tariff chatter and U.S retail sales figures in focus through the day.
Asian stocks slipped on Monday as investors digested the release of a barrage of China economic data, shrugging off the gains seen stateside in the previous session.
China's stock exchanges said on Saturday they would not expand their stock connect scheme with Hong Kong to foreign firms, companies with different voting right structures and so-called "stapled" securities. The exchanges were responding to a move in May to include the three types of securities in Hong Kong's Hang Seng Composite Index starting from the third quarter of this year. The Shanghai stock exchange said in a statement it reached the decision after consulting with domestic brokerages.
China’s Shanghai Composite Index regained strength on Thursday and rose to two-week high price levels. However, the Shanghai Composite Index opened lower on Friday and closed the day with limited losses. The Shanghai Composite Index closed this week with a gain of 3.07%—the biggest weekly gain in two years.
While risk appetite returns to the markets, the Dollar looks to have found its some upside in the early part of the day, though it could all change should sentiment towards trade tariffs take another turn.
Stocks were off to a strong start Thursday, as the tone improved in U.S. trade war and NATO rhetoric. Airlines rallied on Delta Air earnings. CA spiked on takeover news.
China’s Shanghai Composite Index pulled back on Wednesday and broke the three-day gaining streak. Carrying forward the weakness, the Shanghai Composite Index opened lower on July 12. However, the Shanghai Composite Index regained strength as the day progressed and closed at two-week high price levels on Thursday.
Further to “ Xiaomi/Chinese IPOs: cell division ” (Lex, July 10): the compiler of the Hang Seng index has offered a reason as to why Xiaomi is not a sell. Its shares will be included into the index through ...
The US S&P 500 benchmark equity index closed at a five-month while the tech-heavy Nasdaq Composite hit an intraday record peak. The dollar hit a six-month high against the yen — reflecting “an unwinding in the [Japanese] currency’s built-in ‘haven’ premium, which has allowed market participants to re-focus on bullish fundamentals for dollar/yen”, said analysts at Action Economics. The headline consumer price index rose 2.9 per cent in the year to June — the fastest pace since 2012, while the core inflation rate — which strips out food and energy — rose to 2.3 per cent, an 18-month high.
The risk tap opened this morning, providing much needed support for the Asian equity markets and the commodity currencies, with focus now shifting to the release of the ECB policy meeting minutes and U.S inflation figures.
Asia-Pacific equities rose on Thursday after declining in the previous session on the latest development in the US-China trade spat, while oil prices steadied following the biggest one-day tumble in more than two years. Hong Kong’s Hang Seng index nudged higher, rising 0.1 per cent following a 1.3 per cent fall in the previous session after Donald Trump began the process of imposing tariffs on a further $200bn of Chinese goods.
Asian stocks closed higher, with markets shaking off some of the trade jitters seen overnight after the Trump administration announced a list of Chinese goods that may be subject to new tariffs.