Hong Kong jumped more than one percent Thursday as investors await the key meeting between Donald Trump and Xi Jinping at the weekend, hoping for progress on resolving their trade war. The Hang Seng Index added 1.42 percent, or 399.44 points, to 28,621.42. The benchmark Shanghai Composite Index rose 0.69 percent, or 20.51 points, at 2,996.79 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 1.09 percent, or 17.05 points, to 1,577.56. Source : AFP
U.S. futures were flat on Wednesday ahead of the Federal Reserve's policy decision and economic projections later in the day. While no rate cut is expected, investors will be focusing on changes to the language in the Fed's statement and in Chairman Jerome Powell's subsequent comments as to the the triggers for and timing of an eventual move. Powell's press conference begins at 2:30 PM ET (17:00 GMT). Markets now see the chance of a rate cut in July have increased to more than 80% as ongoing trade tensions between the U.S. and China slow global growth, and dampen the inflation...
Hong Kong stocks rallied more than two percent Wednesday, fuelled by hopes for a trade breakthrough after Donald Trump said he would meet Xi Jinping at the G20 next week. The Hang Seng Index jumped 2.56 percent, or 703.37 points, to 28,202.14. The benchmark Shanghai Composite Index climbed 0.96 percent, or 27.64 points, to 2,917.80, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.48 percent, or 22.20 points, to 1,526.77. Source : AFP
China stocks closed higher on Wednesday as Washington and Beijing looked to rekindle trade talks and confirmed that Presidents Donald Trump and Xi Jinping would meet later this month at the G20 summit. Expectations of a worldwide wave of policy easing by central banks added to investors' optimism. The blue-chip CSI300 index rose 1.3% to 3,715.94 points, while the Shanghai Composite Index gained 1.0% to 2,917.80, paring morning gains. Trump said on Tuesday teams from the two sides would begin preparations for the leaders to sit down at the G20 summit in Japan. Source : Reuters
European stocks were little changed after their biggest rally in five months that was prompted by optimism about monetary easing. The Stoxx Europe 600 Index lost about 0.1% ahead of a much-awaited Federal Reserve rate decision due after European markets close. Gains in miners and banks offset losses in defensive sectors such as real estate shares and food-and-beverage makers. The benchmark jumped on Tuesday as the euro dropped after European Central Bank President Mario Draghi said rate cuts remain part of the toolkit if inflation doesnt strengthen. Source : Bloomberg
Tokyo stocks ended higher on Wednesday, extending rallies on Wall Street following upbeat comments from the US and China on trade ahead of the G20 summit. The benchmark Nikkei 225 index rose 1.72 percent, or 361.16 points, to 21,333.87, while the broader Topix index was up 1.74 percent, or 26.60 points, at 1,555.27. Source : AFP