|Day's range||29,504.14 - 29,672.79|
|52-week range||24,540.63 - 31,592.56|
* Chinese broker raised $1.16 billion in HK share offer * Biggest listing in Asia this year * Stock closes at HK$3.2 (Updates with closing price, analyst comment) By Julia Fioretti HONG KONG, April 26 ...
The Bank of Japan downwardly revises growth and inflation forecasts. The focus will now shift to the ECB Economic Bulletin and corporate earnings.
U.S. futures indicated a flat open after the market hit an all-time high in the previous session. Peak earnings is at hand.
The steep drop in the Australian Dollar helped export-reliant stocks, such as index-heavyweight drug manufacturer CSL, Ltd., which climbed more than 3 percent to its biggest one-day gain since late December. Lower interest rates tend to drive investors into higher-yielding equity markets.
The Kiwi Dollar and Aussie Dollar take another hit early. The Bank of Canada and corporate earnings could give the Greenback more upside on the day.
It’s a mixed start to the day for the majors. While the Pound managed to hold steady, things could change later today as MPs return from recess.
TOKYO (AP) — Stock markets were mostly higher Wednesday after news that China's economy grew at a better than expected 6.4% annual pace in the last quarter failed to entice wary investors focused on weaker U.S. corporate earnings.
Global equities were positive as investors worked through more touchstone numbers from the financial sector, with upbeat results from bellwethers among healthcare and consumer stocks also helping. Financials were the best-performing sector in the S&P 500, leading Wall Street’s benchmark index 0.1 per cent higher. and United Healthcare Group added to the trend away from banks.
Consumer sentiment figures out of Germany and Eurozone and industrial production figures out of the U.S will be in focus later today.
It’s risk-on in the early hours, support the EUR while pinning back demand for the Greenback. Earnings results will be key later.
The S&P traded flat ahead of earnings season while investors picked up little from Fed’s Clarida who stuck to the Feds current mantra “we can be patient as we assess what adjustments, if any, will be appropriate to the stance of monetary policy.”
China trade figures ease some of the market jitters over the economy. The focus will now shift to earnings to support risk appetite throughout the day.
Today major indices are in red. At the same time, EURUSD cementing major support on 1.1200, and Bitcoin looks heavy after an unsuccessful attempt to grow above $5400.
Trade hopes continue to support stocks while traders wait on the final deal, and the start of earnings season on Friday.
A quiet day on the economic calendar will keep the Pound in focus. Will there be calls for a snap general election?