Oil steadied after the biggest drop in almost three weeks, as traders look to reports this week to assess the extent of the glut. Brent crude traded above $62 a barrel after tumbling 2% on Monday, while West Texas Intermediate was near $59. The Energy Information Administration is set to release its Short-Term Energy Outlook on Tuesday, with reports due from the International Energy Agency and OPEC later this week. The IEA has predicted a record surplus next year, and traders will be on the lookout for any changes to market outlooks. Crude has traded in a tight $4-a-barrel...
The Nikkei 225 Index jumped 1.11% to close at 38,475 while the broader Topix Index gained 0.76% to 2,664 in post-holiday trade on Tuesday, as a solid corporate outlook, helped in part by a weaker yen, supported Japanese equities. Sentiment also improved after Japan extended its trading hours by 30 minutes from Tuesday to encourage more stock market activity, the first such move in 70 years. Meanwhile, investors remained cautious ahead of the closely contested US presidential election and the latest Federal Reserve rate decision. Technology stocks led the charge, with strong gains from Disco...
The Hong Kong market opened lower on Tuesday, with investors' attention focused on the US presidential election, and a central bank meeting this week. The Hang Seng Index fell 157.58 points, or 0.77 percent, to open at 20,409.94. On Wall Street overnight, blue chip indices closed lower ahead of the presidential vote and a key US Federal Reserve meeting later this week, the Dow fell 0.6 percent, the S&P lost or 0.3 percent and the Nasdaq also shed 0.3 percent. Source : rthk.hk
The Nikkei 225 Index jumped 1.1% to above 38,400 while the broader Topix Index gained 0.4% to 2,655 in post-holiday trade on Tuesday, as a solid corporate outlook, helped in part by a weaker yen, supported Japanese equities. Investors also continued to assess the monetary policy outlook in the country after the Bank of Japan held interest rates steady at 0.25% last week and highlighted diminishing global economic risks that could set the stage for further rate hikes. Meanwhile, investors remained cautious ahead of the closely contested US presidential election and the latest Federal...
The Hang Seng Index rose for the second day, climbing 0.3%, or 61.09 to 20,567.52 in Hong Kong. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 1.1%. Trip.com Group Ltd. had the largest increase, rising 4.8%. Today, 48 of 82 shares rose, while 26 fell; all sectors were higher, led by commerce and industry stocks. Source : Bloomberg
European markets are expected to start the week on a mostly positive note Monday, with all eyes on Tuesday's presidential election in the U.S. The U.K.'s FTSE 100 index is expected to open 4 points lower at 8,173, Germany's DAX up 11 points at 19,261, France's CAC up 2 points at 7,415 and Italy's FTSE MIB up 74 points at 34,507, according to data from IG. Earnings are set to come from BioNTech and Ryanair and data releases include European manufacturing purchasing managers' index data. Global markets are gearing up for a historic week, with the highly anticipated U.S. presidential election...
Hong Kong's stocks rose 51 points, or 0.25%, to 20,557 in early trade on Monday, up for the second session after the Saudi sovereign wealth fund announced last Friday a USD 1 billion financial commitment on the final day of the 2024 FII summit. China's parliament is set to begin its meeting today, with expectations to announce more details on fiscal stimulus measures when the meeting concludes on Friday. Source : Trading Economicsmuannya hari ini, dengan harapan untuk mengumumkan rincian lebih lanjut tentang langkah-langkah stimulus fiskal saat pertemuan berakhir pada hari Jumat....
Stocks rallied Friday to kick off November as Amazon led big technology stocks into the green and traders looked past a disappointing jobs report. The Dow Jones Industrial Average gained 288.73 points, or 0.69%, ending at 42,052.19. The S&P 500 advanced 0.41% to close at 5,728.80, and the Nasdaq Composite rose 0.8% to 18,239.92. Amazon rallied 6.2% as strength in the cloud and advertising businesses propelled the ecommerce giant above Wall Street's earnings expectations. Intel popped 7.8% after exceeding analysts' forecasts for revenue and offering strong guidance. The two stocks...
The European stock markets closed out a rough week sharply higher in Friday trading as The Stoxx Europe climbed 1.31%, the Swiss Market Index surged 1.63%, France's CAC rose 1.09%, the FTSE in London gained 1.07%, and Germany's DAX closed 1.10% higher. In the UK, the seasonally adjusted S&P Global UK Manufacturing Purchasing Managers' Index fell to 49.9 in October from 51.5 in September, slipping into contraction territory for the first time since April. S&P attributed the decline in large part to a lack of consumer confidence and an economic slowdown. Meanwhile, UK house prices...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....