The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» How to get Access to: 104 Technical trading experiments by HUNTER
Thread for News on International Markets EmptyToday at 2:41 pm by කිත්සිරි ද සිල්වා

» East West properties
Thread for News on International Markets EmptyToday at 10:01 am by LSE

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Thread for News on International Markets EmptyYesterday at 11:07 pm by spw19721

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Thread for News on International Markets EmptyYesterday at 7:54 am by dakzsl

» MHDL Millennium Housing
Thread for News on International Markets EmptySat Dec 07, 2019 12:35 pm by pure equity

» පොළී මුදලාලිලාට බලපත්‍ර ක්‍රමයක් හඳුන්වා දෙන්න තීරණයක්
Thread for News on International Markets EmptyFri Dec 06, 2019 11:33 pm by Backstage

» Dividend Announcement
Thread for News on International Markets EmptyFri Dec 06, 2019 10:10 pm by subash

» Colombo US Embassy Air Pollution
Thread for News on International Markets EmptyFri Dec 06, 2019 11:20 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Thread for News on International Markets EmptyFri Dec 06, 2019 5:24 am by soileconomy

» SINHAPUTHRA FINANCE PLC (SFL.N0000)
Thread for News on International Markets EmptyThu Dec 05, 2019 9:26 pm by The Invisible

» Land & Property sector chart
Thread for News on International Markets EmptyThu Dec 05, 2019 6:27 am by dhanurrox

» Gota's Era
Thread for News on International Markets EmptyWed Dec 04, 2019 11:28 pm by Backstage

» සිමෙන්ති මිල පහළට
Thread for News on International Markets EmptyWed Dec 04, 2019 7:05 pm by nihal123

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
Thread for News on International Markets EmptyWed Dec 04, 2019 7:04 pm by nihal123

» පාස්කු ප්‍රහාරයෙන් පසු වැඩිම සංචාරක පැමිණීම නොවැම්බරයේ දී
Thread for News on International Markets EmptyWed Dec 04, 2019 7:02 pm by nihal123

» Flying is the Safest mode of Transport
Thread for News on International Markets EmptyWed Dec 04, 2019 10:37 am by කිත්සිරි ද සිල්වා

» OSEA .N
Thread for News on International Markets EmptyTue Dec 03, 2019 3:36 pm by dakzsl

» LIOC.N0000 (Lanka IOC PLC)
Thread for News on International Markets EmptyTue Dec 03, 2019 11:39 am by LSE

» Hayleys MGT
Thread for News on International Markets EmptyTue Dec 03, 2019 10:10 am by The Invisible

» Sri Lanka insurer regulatory capital drop with new accounting rules
Thread for News on International Markets EmptyTue Dec 03, 2019 9:19 am by The Invisible

» Thread for News on CSE and SL Economy
Thread for News on International Markets EmptyTue Dec 03, 2019 9:18 am by The Invisible

» Lanka Tiles
Thread for News on International Markets EmptySun Dec 01, 2019 8:43 pm by soileconomy

» ACL Cables
Thread for News on International Markets EmptyFri Nov 29, 2019 11:12 am by The Invisible

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
Thread for News on International Markets EmptyThu Nov 28, 2019 6:04 am by sureshot

» SEYB.N0000 ( SEYLAN BANK PLC )
Thread for News on International Markets EmptyThu Nov 28, 2019 4:17 am by soileconomy

» Thought for the day...
Thread for News on International Markets EmptyTue Nov 26, 2019 7:40 pm by share1

» An Attitude Adjustment
Thread for News on International Markets EmptyTue Nov 26, 2019 12:36 pm by Backstage

» මහ බැංකු අධිපති ධූරයෙන් ඉවත් වෙයි
Thread for News on International Markets EmptyTue Nov 26, 2019 11:00 am by The Invisible

» Sri Lanka cement production picks up
Thread for News on International Markets EmptyTue Nov 26, 2019 9:22 am by Topcat

» Thread for News on Local and Foreign Politics
Thread for News on International Markets EmptyTue Nov 26, 2019 7:04 am by The Invisible

» SEC Chief says ready to hand over baton
Thread for News on International Markets EmptyMon Nov 25, 2019 8:12 pm by ruwan326

» Technology~විද්‍යාව ~ Wisdom
Thread for News on International Markets EmptyMon Nov 25, 2019 8:36 am by ruwan326

» The Theatre | Best movies to Watch
Thread for News on International Markets EmptySun Nov 24, 2019 5:18 pm by spw19721

» SHL.N0000 (Softlogic Holdings PLC)
Thread for News on International Markets EmptySun Nov 24, 2019 9:44 am by The Invisible

» An individual in pursuit of a porcupine found dead in a burrow
Thread for News on International Markets EmptyThu Nov 21, 2019 11:41 am by Backstage

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Thread for News on International Markets EmptyThu Nov 21, 2019 7:51 am by ruwan326

» APLA.N0000 (ACL PLASTICS PLC)
Thread for News on International Markets EmptyWed Nov 20, 2019 11:03 pm by nesta

» භාරකාර ආණ්ඩුවක් හෙට
Thread for News on International Markets EmptyWed Nov 20, 2019 7:19 pm by nihal123

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
Thread for News on International Markets EmptyWed Nov 20, 2019 9:28 am by ruwan326

» මගේ කියවීම ...
Thread for News on International Markets EmptyWed Nov 20, 2019 8:28 am by yellow knife

» How the silence on this !
Thread for News on International Markets EmptyTue Nov 19, 2019 5:40 pm by Backstage

» ප්‍රතිඵලේ මොකක් උනත් ජ්යෝතිෂය සත්‍ය වෙන හැටි දැක්කද?
Thread for News on International Markets EmptyMon Nov 18, 2019 9:15 am by ruwan326

» ඇයි අප්සට් ද?
Thread for News on International Markets EmptySat Nov 16, 2019 4:57 pm by chutiputha

» ගෝඨාට ඉල්ලන්න බෑලු
Thread for News on International Markets EmptySat Nov 16, 2019 7:18 am by ruwan326

» සෞභාග්‍යතා දර්ශකයේ ඉහළ යාමක්
Thread for News on International Markets EmptyFri Nov 15, 2019 1:54 pm by nihal123

» Puolanka The most pessimistic town
Thread for News on International Markets EmptyFri Nov 15, 2019 1:14 pm by Backstage

» SAMP.N0000 (SAMPATH BANK PLC)
Thread for News on International Markets EmptyThu Nov 14, 2019 5:13 am by NIRMALSG

» අනං මනං! #/+?.<>
Thread for News on International Markets EmptyMon Nov 11, 2019 12:38 pm by nihal123

» What's 5G?
Thread for News on International Markets EmptySat Nov 09, 2019 3:14 pm by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
Thread for News on International Markets EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

December 2019
SunMonTueWedThuFriSat
1234567
891011121314
15161718192021
22232425262728
293031    

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Thread for News on International Markets

Go down

Thread for News on International Markets Empty Thread for News on International Markets

Post by The Invisible on Wed Nov 14, 2018 7:56 am

Tokyo stocks drop more than 3-pct after Wall Street plunge

Nov 13, 2018 06:58 AM GMT+0530


Tokyo, Japan | AFP | Tuesday - Tokyo stocks dived more than three percent shortly after the open on Tuesday, with investors discouraged by a plunge in US shares on fears over demand in the tech sector.

The Nikkei 225 index was down 3.47 percent, or 771.92 points, at 21,497.96 in early trade, while the broader Topix index was down 3.06 or 51.09 points at 1,620.86.

"The Tokyo market is being hit by the plunge in US shares, and news that Apple's iPhone sales are not going very well is also proving a blow," Hideyuki Suzuki, head of investment information department at SBI Securities, told AFP.

"The Tokyo market is hitting the second lowest level since October 26, when the Nikkei index dipped below 21,000," he noted, adding that share prices may bottom out.

The dollar fetched 113.63 yen in early Asian trade, down from 113.85 yen in New York late Monday.

In Tokyo, Apple's parts supplier Murata Mfg dropped 6.55 percent to 16,680 yen, while other electronic parts makers also plunged, with TDK dropping 7.10 percent to 8,890 yen and Alps Electric plummeting 8.37 percent to 2,441 yen.

US stocks crumbled on Monday, as a sell-off initially sparked by fears of weakening demand for Apple's iPhone spread to the rest of the market with the Dow ending down 2.3 percent at 25,387.18.
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Fri Nov 23, 2018 9:10 am

Hong Kong, Shanghai stocks fall in early trade

AFP - Shares in Hong Kong and Shanghai opened lower on Friday, tracking falls in Europe after US markets were closed for Thanksgiving.

The Hang Seng Index shed 0.30 percent, or 79.06 points, to 25,940.35.

The benchmark Shanghai Composite Index fell 0.18 percent, or 4.76 points, to 2,640.67, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.14 percent, or 1.95 points, to 1,383.89.
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Sat Nov 24, 2018 7:53 am

Oil prices sink on worries over excess supply, weak demand

AFP - Oil prices slumped Friday to lows not seen since last year as concerns over high crude supplies and uncertain economic growth triggered massive selling.

The petroleum slump, which took major oil contracts down to their lowest level since October 2017, comes as oil output remains high in the United States, Russia and Saudi Arabia and as some forecasters have trimmed their outlook for global growth, due in part to the US-China trade fight.

US oil benchmark West Texas Intermediate dropped $4.21 to $50.42 a barrel for January delivery, a decline of 7.7 percent.

In London, Brent oil futures for January delivery, slid 6.1 percent to $58.80 per barrel.

"The truth of the matter remains that rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets," said Lukman Otunuga, a research analyst at FXTM.

Global stock markets were mixed, with major US indices retreating in part due to worries about lower oil prices and weak global growth.

Bourses in Paris and Frankfurt notched modest gains, while London, Shanghai and London all fell.

- Trump effect? -

High global oil production compared to demand was the top reason for Friday's selling, while the outlook for a weakening world economy led investors to conclude that growth would not be strong enough to soak up the surplus.

The retreat comes ahead of a meeting of the Organization of the Petroleum Exporting Countries in Vienna on December 6.

Some analysts view the organization as constrained following heavy pressure from US President Donald Trump on Saudi Arabia.

Earlier this week, Trump thanked Saudi Arabia for low prices and decided to essentially overlook the Central Intelligence Agency's reported conclusion over Crown Prince Mohammed bin Salman's involvement in the gruesome murder of journalist Jamal Khashoggi, a stance that has outraged White House critics.

"Although most analysts claim that this has to do with supply overhang and increased production from Russia and Saudi Arabia, the bottom line is that the US President keeps pushing for lower prices," said Fiona Cincotta, senior market analyst at City Index trading group.

"While this is the case it will be difficult to see a return to oil at a higher level unless oil cartel OPEC decides on a major output cut at its next meeting."

But Andy Lipow of Lipow Oil Associates predicted the "Saudis will decide in their best interest to cut production," adding that "it will not have an impact on the relationship with Washington because the US already said how this relationship was important and how important was the weapon business with the Saudis."

Still, Friday's drop in prices reflects market concern that OPEC production cuts are "not going to be enough to support prices," Lipow added.

The drop in oil prices reverberated in equity markets, with oil giants Chevron, Royal Dutch Shell and Total all shedding three percent or more on their local bourses.

Chinese shares also stumbled as Shanghai slumped by more than two percent, with the tech sector hit hard by a Wall Street Journal report that Washington is urging its allies to avoid using equipment from Chinese telecoms giant Huawei.

Worsening trade tensions between the United States and China have shattered confidence on global trading floors.

- Key figures around 1930 GMT -

Oil - West Texas Intermediate: DOWN $4.21 at $50.42 per barrel

Oil - Brent Crude: DOWN $3.80 at $58.80 per barrel

New York - Dow: DOWN 0.7 percent at 24,285.95 (close)

New York - S&P 500: 0.7 percent at 2,632.56 (close)

New York - Nasdaq: DOWN 0.5 percent at 6,938.98 (close)

London - FTSE 100: DOWN 0.1 percent at 6,952.86 points (close)

Frankfurt - DAX 30: UP 0.5 percent at 11,192.69 (close)

Paris - CAC 40: UP 0.2 percent at 4,946.95 (close)

EURO STOXX 50: UP 0.3 percent at 3,137.21 (close)

Tokyo - Nikkei 225: Closed Friday for holiday

Hong Kong - Hang Seng: DOWN 0.4 percent at 25,927.68 points (close)

Shanghai - Composite: DOWN 2.5 percent at 2,579.48 points (close)

Pound/dollar: DOWN at $1.2805 from $1.2877 at 2200 GMT Thursday

Euro/dollar: DOWN at $1.1331 from $1.1403

Dollar/yen: DOWN at 112.85 yen from 112.95 yen
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by nihal123 on Mon Nov 26, 2018 12:06 am

Thanks Invi
nihal123
nihal123
Top contributor
Top contributor

Posts : 5898
Join date : 2014-02-24
Age : 53
Location : Waga

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Thu Nov 29, 2018 10:34 am

US stocks surge as investors greet Powell speech

AFP - Wall Street toasted a speech by Federal Reserve Chair Jerome Powell on Wednesday hinting that interest rates might not rise much further, prompting the Dow's biggest gain since March.

Powell, in remarks to the New York Economic Club, charted a middle ground, saying rates still were still historically low but only "just below" the estimate of neutral -- a rate that neither stimulates nor restrains the economy.

Powell's characterization of interest rates as nearly normal "were the magic words," said Gregori Volokhine of Meeschaert Financial Services. "That's what the market wanted to hear."

The remarks were considered "dovish" in light of Powell's remarks last month that interest rates were "a long way from neutral."

US stocks opened higher and rallied more after Powell's speech, with the Dow Jones Industrial Average finishing up more than 600 points, or 2.5 percent, to 25,366.43.

Virtually all members of the blue-chip index advanced, with equities that had slumped recently, such as Apple and Boeing gaining 3.9 percent and 4.0 percent, respectfully.

Not everyone viewed Powell's remarks as a game-changer.

Ian Shepherdson, chief economist of Pantheon Macroeconomics, said markets were reading too much into Powell's statement and, given historically low unemployment, the Fed might have no choice but to keep raising rates.

Shepherdson estimated that the Fed was still three interest rate hikes from the middle of the range for "neutral."

But Sam Stovall of CFRA Research said Powell's remarks "has likely lit the fuse for an end-of-year celebration," especially if weekend talks between US President Donald Trump and Chinese leader Xi Jinping yield progress on trade.

European stock markets meanwhile were mostly steady at the close.

London's assessment that the UK will be worse off outside the EU than inside hardly came as a surprise, but its predictions of lost economic growth were actually more optimistic than many had feared.

"It is a relief that output would 'only' drop 3.9 percent in the long term, as some economists had predicted much severe economic damage from leaving the EU," said Fawad Razaqzada, a market analyst at Forex.com.

Oil prices dropped after the US reported a tenth straight weekly increase in stockpiles, adding to fears of an oil supply overhang.

- Key figures around 2140 GMT -

New York - Dow Jones: UP 2.5 percent at 25,366.43 (close)

New York - S&P 500: UP 2.3 percent at 2,743.78 (close)

New York - Nasdaq: UP 3.0 percent at 7,291.59 (close)

London - FTSE 100: DOWN 0.2 percent at 7,004.52 (close)

Frankfurt - DAX 30: DOWN 0.1 percent at 11,298.88 (close)

Paris - CAC 40: FLAT at 4,983.24 (close)

EURO STOXX 50: UP 0.1 percent at 3,168.29 (close)

Tokyo - Nikkei 225: UP 1.0 percent at 22,177.02 (close)

Hong Kong - Hang Seng: UP 1.3 percent at 26,682.56 (close)

Shanghai - Composite: UP 1.1 percent at 2,601.74 (close)

Pound/dollar: UP at $1.2824 from $1.2747 at 2200 GMT

Euro/pound: FLAT at 88.61 pence

Euro/dollar: DOWN at $1.1369 from $1.1289

Dollar/yen: DOWN at 113.65 yen from 113.79

Oil - Brent Crude: DOWN 98 cents at $59.42 per barrel

Oil - West Texas Intermediate: DOWN 77 cents at $50.79AFP - Wall Street toasted a speech by Federal Reserve Chair Jerome Powell on Wednesday hinting that interest rates might not rise much further, prompting the Dow's biggest gain since March.

Powell, in remarks to the New York Economic Club, charted a middle ground, saying rates still were still historically low but only "just below" the estimate of neutral -- a rate that neither stimulates nor restrains the economy.

Powell's characterization of interest rates as nearly normal "were the magic words," said Gregori Volokhine of Meeschaert Financial Services. "That's what the market wanted to hear."

The remarks were considered "dovish" in light of Powell's remarks last month that interest rates were "a long way from neutral."

US stocks opened higher and rallied more after Powell's speech, with the Dow Jones Industrial Average finishing up more than 600 points, or 2.5 percent, to 25,366.43.

Virtually all members of the blue-chip index advanced, with equities that had slumped recently, such as Apple and Boeing gaining 3.9 percent and 4.0 percent, respectfully.

Not everyone viewed Powell's remarks as a game-changer.

Ian Shepherdson, chief economist of Pantheon Macroeconomics, said markets were reading too much into Powell's statement and, given historically low unemployment, the Fed might have no choice but to keep raising rates.

Shepherdson estimated that the Fed was still three interest rate hikes from the middle of the range for "neutral."

But Sam Stovall of CFRA Research said Powell's remarks "has likely lit the fuse for an end-of-year celebration," especially if weekend talks between US President Donald Trump and Chinese leader Xi Jinping yield progress on trade.

European stock markets meanwhile were mostly steady at the close.

London's assessment that the UK will be worse off outside the EU than inside hardly came as a surprise, but its predictions of lost economic growth were actually more optimistic than many had feared.

"It is a relief that output would 'only' drop 3.9 percent in the long term, as some economists had predicted much severe economic damage from leaving the EU," said Fawad Razaqzada, a market analyst at Forex.com.

Oil prices dropped after the US reported a tenth straight weekly increase in stockpiles, adding to fears of an oil supply overhang.

- Key figures around 2140 GMT -

New York - Dow Jones: UP 2.5 percent at 25,366.43 (close)

New York - S&P 500: UP 2.3 percent at 2,743.78 (close)

New York - Nasdaq: UP 3.0 percent at 7,291.59 (close)

London - FTSE 100: DOWN 0.2 percent at 7,004.52 (close)

Frankfurt - DAX 30: DOWN 0.1 percent at 11,298.88 (close)

Paris - CAC 40: FLAT at 4,983.24 (close)

EURO STOXX 50: UP 0.1 percent at 3,168.29 (close)

Tokyo - Nikkei 225: UP 1.0 percent at 22,177.02 (close)

Hong Kong - Hang Seng: UP 1.3 percent at 26,682.56 (close)

Shanghai - Composite: UP 1.1 percent at 2,601.74 (close)

Pound/dollar: UP at $1.2824 from $1.2747 at 2200 GMT

Euro/pound: FLAT at 88.61 pence

Euro/dollar: DOWN at $1.1369 from $1.1289

Dollar/yen: DOWN at 113.65 yen from 113.79

Oil - Brent Crude: DOWN 98 cents at $59.42 per barrel

Oil - West Texas Intermediate: DOWN 77 cents at $50.79
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Tue Dec 04, 2018 11:26 am

Asian markets slip as China-US trade deal joy subsides

AFP - Asian markets mostly dropped Tuesday as the previous day's euphoria over the China-US trade ceasefire gave way to questions about whether the two can ultimately resolve their differences.

However, oil prices continued to rise, building on Monday's surge fuelled by the agreement as well as news of a Russia-Saudi Arabia pact to cap output.

Global investors were given some much-needed Christmas cheer at the weekend after Donald Trump and Xi Jinping called a halt to their painful tariffs battle for 90 days while they try to resolve their differences.

The news lit a fuse under markets after a torrid year that has been dominated by the trade war between the world's top two economies, which many fear will hit global growth.

However, there is concern that the three month grace period will not be enough for them to hammer out agreements on key issues, particularly on intellectual property protection.

"Can the US and China really resolve their differences in 90 days?" asked Rodrigo Catril, senior strategist at National Australia Bank.

"It seems that more details and signs of progress will be needed if the initial trade truce warm fuzzy feeling is to be sustained."

Also, later Monday there was uncertainty about Trump's claims in a tweet that China had agreed to slash tariffs on car imports, with two of his top advisers unable to provide clarity on the issue.

- Oil extends gains -

"That's what happens when you don't have the detailed negotiations going into the summit" and end up with the "broad swath of a 35,000-foot deal," Bonnie Glaser, a China expert at the Center for Strategic and International Studies in Washington, said.

"It's risky. There's certainly no guarantees that it will produce the outcomes that we want."

Hong Kong dipped 0.3 percent, Tokyo fell 0.7 percent by lunch, Shanghai was 0.2 percent off and Sydney lost 0.6 percent.

Singapore and Seoul each dropped 0.5 percent, while Taipei eased 0.3 percent though there were gains in Wellington, Manila and Jakarta.

Still, Jeff Kleintop, chief global investment strategist at Schwab Center for Financial Research remained upbeat.

"It's easy to see the trade deal as a half empty (glass) -- that it's just a postponement and that they'll work together but that there really isn't any kind of resolution," he said. "But I think you can see it as a half glass full."

On oil markets both main contracts posted more healthy gains, adding more than one percent, having racked up gains of almost four percent Monday on the trade deal, the Russia-Saudi output agreement and a cut in production in Canada.

Focus is now on a meeting of OPEC and non-OPEC members in Vienna at the weekend, where they will reveal how much and for how long they will reduce as they look to stabilise the crude market.

On currency markets the pound is struggling to bounce back against the dollar as MPs prepare to debate Prime Minister Theresa May's Brexit deal as she struggles to win over enough people to support it.

Failure to push the agreement through parliament could bring down her government, fuelling more uncertainty in the country.

- Key figures around 0230 GMT -

Tokyo - Nikkei 225: DOWN 0.7 percent at 22,412.53 (break)

Hong Kong - Hang Seng: DOWN 0.3 percent at 27,106.64

Shanghai - Composite: DOWN 0.2 percent at 2,650.57

Oil - West Texas Intermediate: UP 62 cents at $53.57 per barrel

Oil - Brent Crude: UP 62 cents at $62.31 per barrel

Euro/dollar: UP at $1.1357 from $1.1353 at 2200 GMT

Dollar/yen: DOWN at 113.43 yen from 113.59

Pound/dollar: UP at $1.2730 from $1.2727

New York - Dow Jones: UP 1.1 percent at 25,826.43 (close)

London - FTSE 100: UP 1.2 percent at 7,062.41 (close)
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Wed Dec 05, 2018 9:31 am

Asian markets track Wall St rout as confusion, uncertainty reign

AFP - Asian markets fell Wednesday following a rout on Wall Street, as investors were bombarded by a "perfect storm" of problems that erased the positivity seen at the start of the week.

The glum mood overshadowed hints from Donald Trump at more time to resolve the China-US trade row, as well as soothing comments from China about their desire to push on with a weekend agreement between the world's top economies.

Trading floors are awash with uncertainty over the agreement Trump hammered out with Xi Jinping to much fanfare -- and an initial market rally -- in Buenos Aires, with little clarity emerging and the US president shifting his tone.

While he hailed the deal at first, on Tuesday he warned on Twitter "remember, I am a Tariff Man", adding "When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so".

Then, in another tweet he left open the door to an extension of the agreement's 90-day timeline to end the row.

On Wednesday, China's commerce ministry called the pact "successful" and said it "will start with the implementation of the specific matters in which consensus has been reached, the sooner the better", without providing more details.

Adding to the mounting risks are concerns about the US economy after the difference in yields on two- and 10-year bonds narrowed, suggesting traders are increasingly concerned about longer-term prospects.

The are fears of an "inversion" where short-term yields overtake long-term rates, which in the past has been the precursor to a recession.

Wall Street suffered a battering, with the Dow slipping 3.1 percent, S&P 500 3.2 percent lower and Nasdaq 3.8 percent off.

The selling continued into Asia, where Hong Kong plunged 1.6 percent, Shanghai lost 0.8 percent and Tokyo ended the morning 0.4 percent down.

- Pound's Brexit woes -

Singapore shed 0.8 percent and Seoul was 0.6 percent off, while Wellington dived 1.3 percent. Sydney shed 1.2 percent after data showed the Australian economy grew at a slower pace than expected in July-September. The Australian dollar also sank more than one percent.

The selling "has all the nasty hallmarks that traders typically call the perfect storm," said Stephen Innes, head of Asia-Pacific trade at OANDA. He said investors "are probably left feeling duped, tricked and maybe even snookered by some ill-advised backslapping comments post G20".

"While trade war is certainly the number one driver of global risk sentiment, the current meltdown is morphing into a Hydra with familiar points of irritation -- trade, (Federal Reserve), Brexit, Italy, global growth -- coming to a head," he added.

On currency markets the pound continued to struggle on concerns that Britain could be heading for the EU exit without a deal, which most observers fear could hammer the economy.

Sterling hit a 17-month low Tuesday after Prime Minister Theresa May suffered stunning defeats in parliament that highlighted the uphill fight she has in pushing through her controversial Brexit deal.

If she loses there are expectations she will face a no-confidence vote and possible defeat that could force early elections and leave the country in chaos.

Oil prices were also down more than one percent after another jump in US inventories came as Saudi Arabia raised questions about the chances of an output cut at a meeting of OPEC and non-OPEC members at the weekend.

Energy Minister Khalid Al-Falih said it was "premature to say what will happen" in Vienna, days after Russian President Vladimir Putin had said the two major producers had agreed to a cap to support prices.

"We need to get together and listen to our colleagues, hear about their views on supply and demand and their projections of their own countries’ production," he said.

Crude had surged Monday and Tuesday after Putin's comments.

"It’s not a good price signal," Bob Yawger, director of futures at Mizuho Securities USA, told Bloomberg News. "Either demand is bad or all the talk about cutting production is just lip service."

- Key figures around 0230 GMT -

Tokyo - Nikkei 225: DOWN 0.4 percent at 21,946.94 (break)

Hong Kong - Hang Seng: DOWN 1.6 percent at 26,836.56

Shanghai - Composite: DOWN 0.8 percent at 2,644.40

Pound/dollar: DOWN at $1.2710 from $1.2713 at 2200 GMT

Euro/dollar: UP at $1.1337 from $1.1342

Dollar/yen: UP at 112.86 yen from 112.78

Oil - West Texas Intermediate: DOWN 57 cents at $52.68 per barrel

Oil - Brent Crude: DOWN 72 cents at $61.36 per barrel

New York - Dow Jones: DOWN 3.1 percent at 25,027.07 (close)

London - FTSE 100: DOWN 0.6 percent at 7,022.76 (close)
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Mon Dec 10, 2018 11:21 am

Tokyo stocks open lower on trade war fears

Tokyo, Japan | AFP | Monday - Tokyo stocks opened sharply lower on Monday, taking a negative lead from New York where unease over the US-China trade war prompted a fresh sell-off late last week.

The benchmark Nikkei 225 index was down 2.20 percent or 476.53 points at 21,202.15 in early trade, while the broader Topix index was down 1.88 percent or 30.51 points at 1,589.94.

"The sharp decline in US shares on Friday is weighing on the Tokyo market," said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.

"Trading is sluggish as investors are on the sidelines ahead of Britain's vote on Brexit," Horiuchi told AFP.

On Friday, major US stock indices slumped more than two percent to conclude a bruising week for markets rattled by the US-China trade clash.

The Dow Jones Industrial Average ended down 2.2 percent and the broad-based S&P 500 slumped 2.3 percent.

The declines followed hawkish comments from White House trade advisor Peter Navarro, who told CNN that US President Donald Trump would "simply raise" tariffs on $200 billion worth of Chinese goods if trade talks fail.

The dollar changed hands at 112.71 yen in early Asian trade, against 112.68 yen in New York late Friday.

Nissan was down 1.75 percent at 956.2 yen in early trade as ousted chairman Carlos Ghosn is expected to be charged and face new allegations for alleged financial misconduct later in the day.

Steelmakers slumped on concerns over a US-China trade war. Nippon Steel & Sumitomo Metal lost 1.58 percent to 1,954 yen with JFE Holdings down 1.92 percent at 1,888 yen.
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Wed Dec 12, 2018 12:18 pm

Tokyo stocks open higher on cheaper yen

Tokyo, Japan | AFP | Wednesday - Tokyo stocks opened higher on Wednesday helped by a cheaper yen and a rebound in European bourses after two days of declines amid lingering concerns over trade conflicts.

The benchmark Nikkei 225 index rose 0.87 percent or 183.06 points to 21,331.08 in early trade while the broader Topix index was up 0.82 percent or 12.88 points at 1,588.19.

"The Tokyo market is seen rebounding from recent drops thanks to a tailwind from rallies in European bourses and a halt in the appreciation of the yen" against the dollar, Okasan Online Securities said in a commentary.

Concerns over trade conflicts and Brexit as well as technical factors linked to the settlement of futures index trade "may prompt volatile stock movement" on Wednesday, it added.

The dollar fetched at 113.35 yen in early Asian trade, little changed from 113.40 yen in New York but up slightly from 113.10 yen in Tokyo late Tuesday.

In Tokyo, automakers were higher with Toyota advancing 1.21 percent to 6,827 yen and Honda up 1.62 percent at 3,070 yen.

Nissan rebounded 1.48 percent to 929.3 yen in early trade, after tumbling 3.10 percent on Tuesday and 2.90 percent on Monday after ousted chairman Carlos Ghosn was charged and faced new allegations of alleged financial misconduct.

Sony jumped 2.68 percent to 5,888 yen and Panasonic was up 2.95 percent at 1,081.5 yen.

In New York, US stocks were mixed with the Dow closing down 0.2 percent at 24,370.24 but the tech-rich Nasdaq closing up 0.2 percent.
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Fri Dec 14, 2018 1:58 pm

Euro slides as 'downbeat' ECB warns on economy

AFP - The euro slipped on Thursday after the European Central Bank trimmed its growth forecast for the eurozone because of "mounting uncertainties" from within and outside the region.

ECB chief Mario Draghi said risks facing the area were now "moving to the downside," although that did not stop the bank from pulling the plug on its massive crisis-fighting economic stimulus known as quantitative easing, or QE.

"While Mario Draghi was boxed in by previous announcements about QE, his press conference revealed two stark truths –- he remains deeply concerned at the fragility of eurozone growth and reserves the right to administer further monetary stimulus," said JR Zhou, market analyst at online trading platform Infinox.

David Madden of CMC Markets, said "downbeat Draghi" weighed on the single currency.

Under its quantitative easing program, the ECB pumped 2.6 trillion euros ($3.0 trillion) into the eurozone economy in order to stoke growth and inflation.

Europe's major stock markets, meanwhile, held mostly steady, with "dealers still hopeful that Beijing and Washington DC are on the road to striking a deal" on trade, Madden said.

In New York, Wall Street had an indecisive day and the major indices eked out a split finish after bouncing between the black and the red -- continuing a streak of volatility sparked by the US-China trade war and geopolitical turmoil.

The Dow rose 0.3 percent but the tech-heavy Nasdaq fell 0.4 percent.

General Motors also sank 1.6 percent after US President Donald Trump again lashed out at the company and its CEO Mary Barra, renewing criticism of plans to cut jobs and close US manufacturing plants.

Elsewhere, the pound pushed higher, a day after British Prime Minister Theresa May won a vital confidence vote amid widespread discontent at her Brexit deal.

"Our view is that a 'no-deal' Brexit remains quite unlikely, despite all the recent political upheaval," Capital Economics said.

"With this in mind, we think that the risks are skewed to the upside for sterling."

Asian equities posted more gains as investors were cheered by conciliatory noises from China and the United States on trade.

While the tariffs row between Beijing and Washington is far from being resolved, there is a lot more optimism on trading floors that the world's top two economies can make headway in talks during their three-month truce.

Dealers mulled a report that Beijing was considering replacing its "Made in China 2025" program that aims to boost its technology sector, a key point for Washington.

That followed news China had agreed to resume importing soybeans -- a major boost for US farmers -- as well as remove a levy on US autos imposed earlier this year in response to Donald Trump's initial tariffs.

But US officials vow they will remain tough in the negotiations, and will "trust but verify."

- Key figures around 2130 GMT -

New York - Dow: UP 0.3 percent at 24,597.38 (close)

New York - FLAT at 2,650.54 (close)

New York - DOWN 0.4 percent at 7,070.33 (close)

London - FTSE 100: FLAT at 6,877.50 points (close)

Frankfurt - DAX 30: FLAT at 10,924.70 (close)

Paris - CAC 40: DOWN 0.3 percent at 4,896.92 (close)

EURO STOXX 50: UP 0.1 percent at 3,112.17 (close)

Tokyo - Nikkei 225: UP 1.0 percent at 21,816.19 (close)

Hong Kong - Hang Seng: UP 1.3 percent at 26,524.35 (close)

Shanghai - Composite: UP 1.2 percent at 2,634.09 (close)

Pound/dollar: UP at $1.2660 from $1.2629 at 2200 GMT

Euro/dollar: DOWN at $1.1361 from $1.1369

Dollar/yen: UP at 113.61 yen from 113.29 yen

Oil - Brent Crude: UP $1.30 at $61.45 per barrel

Oil - West Texas Intermediate UP $1.43 cents at $52.58
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Fri Dec 21, 2018 9:53 am

Global stocks battered amid US budget brawl, Brent at $55

AFP - Global stocks plunged Thursday as worries about a possible US government shutdown compounded fears of slowing global growth that pushed oil prices to fresh multi-month lows.

Even before the specter of a US government shutdown reappeared, European and Asian bourses had fallen sharply after the US Federal Reserve again raised interest rates on Wednesday.

But US stocks retreated further on news of the latest impasse between President Donald Trump and congressional lawmakers on a stopgap budget bill over border security funding.

The Dow Jones Industrial Average closed the day 2.0 percent lower at 22,859.60, a loss of 460 points.

A bruising December has set up Wall Street for its worst year since the financial crisis. The S&P 500 is currently down 7.7 percent for the year and the Nasdaq is on the verge of a "bear market," which is a drop of 20 percent from its peak this year.

The revived possibility of a shutdown -- which also weighed on the US dollar -- worsened the downbeat mood on markets after the Fed announced another interest rate hike on Wednesday and made only subtle adjustments to the course of monetary policy tightening next year despite rising worries about global growth and a big pullback in the stock market.

However, US Treasury Secretary Steven Mnuchin said the market's response to the Fed went too far.

"I think clearly you have a situation here where the market has overreacted to the Fed's comments, and you see programmed trading taking over," Mnuchin said in an interview with Fox Business News.

And he said if inflation remains low, the Fed may not need to raise rates next year, even though the median forecast of central bankers is for two more increases.

Analysts also said the US indictment of two Chinese hackers tied to Beijing's security services reminded investors of the unsettled state of US-China trade relations.

"We have a trade war, the economy weakening, and now the possibility of a shutdown," said Peter Cardillo of Spartan Capital Securities. "All that is feeding by itself."

Earlier, the Nikkei plunged to a 15-month low after the Dow struck its lowest level of 2018 on Wednesday.

- Oil falls further -

In Europe, London's benchmark FTSE 100 index slid 0.8 percent, with losses capped by stronger-than-expected UK retail sales data.

In the eurozone, Frankfurt's DAX 30 shed 1.4 percent and the Paris CAC 40 slumped 1.8 percent. Both are near lows for the year.

Oil prices meanwhile continued to retreat on mounting worries over global growth.

US benchmark West Texas Intermediate slumped nearly five percent to $45.88 a barrel, its lowest level since July 2017.

On the corporate front, shares in Airbus plunged nearly 10 percent after French daily newspaper Le Monde said the European aircraft maker could face fines of several billion dollars under a US corruption probe, before recovering somewhat to end the day down 4.4 percent.

On Wall Street, Altria finished 1.9 percent lower after announcing it will buy a 35 percent stake in popular e-cigarette maker Juul for $12.8 billion, betting on a key growth market amid declines in conventional cigarette sales.

- Key figures around 2200 GMT -

New York - Dow: DOWN 2.0 percent at 22,859.60 (close)

New York - S&P 500: DOWN 1.6 percent at 2,467.42 (close)

New York - Nasdaq: DOWN 1.6 percent at 6,528.41 (close)

London - FTSE 100: DOWN 0.8 percent at 6,711.93 (close)

Frankfurt - DAX 30: DOWN 1.4 percent at 10,611.10 (close)

Paris - CAC 40: DOWN 1.8 percent at 4,692.46 (close)

EURO STOXX 50: DOWN 1.7 percent at 3,000.06 (close)

Tokyo - Nikkei 225: DOWN 2.8 percent at 20,392.58 (close)

Hong Kong - Hang Seng: DOWN 0.9 percent at 25,623.53 (close)

Shanghai - Composite: DOWN 0.5 percent at 2,536.27 (close)

Euro/dollar: UP at $1.1450 from $1.1376 at 2200 GMT

Dollar/yen: DOWN at 111.24 yen from 112.48 yen

Pound/dollar: UP at $1.2659 from $1.2610

Oil - Brent Crude: DOWN $2.76 at $54.48 per barrel

Oil - West Texas Intermediate: DOWN $2.29 at $45.88 per barrel
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by nihal123 on Fri Dec 21, 2018 8:35 pm

ස්තුතියි Invi
කොටස් වෙළඳපොලවල් පහළ යැමට හේතුව ඇමරිකාවේ ෆෙඩරල් සංචිත බැංකුව විසින් නැවත වරක් ඉලක්ක පොලී අනුපාතික ඉහළ දැමිම නේද?
nihal123
nihal123
Top contributor
Top contributor

Posts : 5898
Join date : 2014-02-24
Age : 53
Location : Waga

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Fri Jan 04, 2019 9:40 am

US stocks plunge after Trump nationalism hits Apple sales in China

AFP - Wall Street suffered another pummeling on Thursday following a downbeat outlook from Apple on China sales and surprisingly weak US manufacturing data.

The Dow Jones Industrial Average finished down 2.8 percent, or 660 points, at 22,686.22.

The broad-based S&P 500 slid 2.5 percent to 2,447.89, while the tech-rich Nasdaq Composite Index sank 3.0 percent to 6,463.50.

Apple plunged 10 percent to $142.19 in its worst session since 2013, losing almost $75 billion in market value.

The tech giant on Wednesday trimmed its sales forecast for the upcoming quarter, citing weak iPhone sales in China due in part to the US-China trade war.

That was followed Thursday by Institute for Supply Management data showing US manufacturing activity at a two-year low. The data still showed growth, but suggested the United States was seriously affected by a slowing global economy and global trade tensions.

The one-two developments "feed into the worries about the global growth rate," said Nate Thooft, a senior portfolio manager at Manulife Asset Management. "It does increase the anxiety people have."

Some analysts questioned the extent to which Apple's travails were reflective of broader macro trends as opposed to being company-specific.

But White House economist Kevin Hassett said Apple was not alone, telling CNN there were "a heck of a lot of US companies" exposed to the Chinese market that were likely to see earnings downgraded until Washington and Beijing resolved their differences on trade.

The Apple and ISM developments overshadowed ADP's employment report, which showed private-sector firms had added 271,000 jobs in December, well above analyst forecasts.

That data came ahead of Friday's more closely-watched Department of Labor report. Analysts expect the US added 180,000 jobs last month and unemployment held at 3.7 percent.

Drug company Celgene surged 20.7 percent after it reached a deal to be bought by the larger pharma company Bristol-Myers Squibb for $74 billion. Bristol-Myers fell 13.3 percent.

Airline shares slumped after Delta Air Lines trimmed its revenue forecast, describing customer demand in late December as "more modest than anticipated."

Delta plunged 8.9 percent, United Continental 5.0 percent and American Airlines 7.5 percent.
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Wed Jul 24, 2019 9:48 am

US stocks rally on earnings, trade talks report

Jul 24, 2019 04:34 AM GMT+0530


AFP - Wall Street stocks rallied Tuesday following a batch of mostly good earnings and as reports that face-to-face US-China talks will be held next week lifted hopes of a trade agreement.

A broad range of companies from across the economy enjoyed strong gains after reporting results, reassuring investors who had been worried about a possible earnings "recession."

Analysts also pointed to news reports that US Trade Representative Robert Lighthizer will lead a delegation to China next week to resume negotiations.

The Dow Jones Industrial Average finished at 27,349.19, up 0.7 percent and only about 10 points away from a fresh record.

The broad-based S&P 500 also gained 0.7 percent to end at 3,005.47, while the tech-rich Nasdaq Composite Index climbed 0.6 percent to close at 8,251.40.

The latest barrage of earnings released Tuesday bolstered confidence that "the economy is not as weak as some had estimated," said Karl Haeling of LBBW. "We have enough of a sample size of corporate reports."

Analysts say expectations the Federal Reserve will cut interest rates also are boosting stocks, while worries about a "hard" Brexit under newly-picked Prime Minister Boris Johnson was seen as a possible headwind.

The round of largely positive earnings and apparent progress on trade countered a more cautious IMF outlook for 2019 and 2020 growth which described conditions as "precarious."

Among individual companies, Dow member Coca-Cola shot up 6.1 percent as it lifted key 2019 financial projections, amid especially strong North American results.

Others seeing big gains after reporting quarterly results included toymaker Hasbro, industrial and aerospace giant United Technologies, paint company Sherwin-Williams, motorcycle company Harley-Davidson, JetBlue Airways and biotech company Biogen.

Banking shares rallied as the yield on the 10-year US Treasury note rose. Bank of America and Goldman Sachs both rose more than two percent.
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Wed Jul 31, 2019 9:59 am

European stocks slump, US also lower ahead of Fed decision

AFP - European stock markets slumped on Tuesday on lackluster earnings and economic data, while Wall Street edged lower ahead of a key Federal Reserve decision.

Adding to the angst were comments from US President Donald Trump accusing China of going back on commitments as trade talks resumed in Shanghai.

Frankfurt's benchmark DAX 30 index tumbled by more than two percent, with German airline Lufthansa slumping after weak profits and Bayer dropping on worries about mounting litigation at the company's Monsanto business over weed killer Roundup.

Paris was hurt by figures showing France's economy grew by less than expected in the second quarter.

London stocks also pulled back but outperformed eurozone markets as the weak pound lifted British-based multinationals who sell their goods abroad.

The British pound continued its slide to fresh two-year lows as more investors were betting on a no-deal Brexit, with newly-installed Prime Minister Boris Johnson's government taking shape.

"No one, probably including Boris himself, knows how close he will drive the UK car towards the 31 October cliff edge before applying the brakes -- or, indeed, whether he would stop," said a note from Eurasia Group.

Uncertainty about Brexit and the US-China trade talks add to the factors that the Fed was weighing as it began a two-day monetary policy meeting. The central bank is expected to cut interest rates on Wednesday but investors are not sure how big the cut will be.

- Consumers stay strong -

US consumer confidence in July rebounded strongly as survey respondents reported robust labor and business conditions and increased optimism, according to the Conference Board.

The report coincided with Commerce Department data showing a fifth consecutive monthly increase in personal income, suggesting retail spending should be healthy in the summer.

But analysts said the consumer data and other recent solid figures could complicate the Fed's course.

The better economic data means "the uncertainty surrounding the central bank's future policies has increased," said Gorilla Trades strategist Ken Berman.

Among individual companies, Procter & Gamble led the Dow's gainers, jumping 3.8 percent as it reported that quarterly sales rose 3.6 percent to $17.1 billion, which was better than expected.

The consumer products giant still reported a $5.2 billion quarterly loss following an $8 billion accounting hit on the lower value of the Gillette shaving business.

Pfizer plunged 6.4 percent as its deal announced Monday to merge its off-patent business with Mylan drew negative reviews.

A note on Pfizer from UBS said there was "not much to be excited about" in the deal, while both Morgan Stanley and Bank of America downgraded Pfizer. Mylan gained 3.1 percent.

In after-hours trading, Apple shares rose 2.9 percent after the technology giant reported a 13 percent decline in quarterly profit to $10 billion, but topped analyst expectations due to higher revenues from digital content and services.

- Key figures around 2040 GMT -

New York - Dow: DOWN 0.1 percent at 27,198.02 (close)

New York - S&P 500: DOWN 0.3 percent at 3,013.18 (close)

New York - Nasdaq: DOWN 0.2 percent at 8,273.61 (close)

London - FTSE 100: DOWN 0.5 percent at 7,646.77 (close)

Frankfurt - DAX 30: DOWN 2.2 percent at 12,147.24 (close)

Paris - CAC 40: DOWN 1.6 percent at 5,511.07 (close)

EURO STOXX 50: DOWN 1.7 percent at 3,462.85 (close)

Tokyo - Nikkei 225: UP 0.4 percent at 21,709.31 (close)

Hong Kong - Hang Seng: UP 0.1 percent at 28,146.50 (close)

Shanghai - Composite: UP 0.4 percent at 2,952.34 (close)

Pound/dollar: DOWN at $1.2151 from $1.2219 at 2100 GMT

Euro/pound: UP at 91.79 pence from 91.21

Euro/dollar: UP at $1.1154 from $1.1145

Dollar/yen: DOWN at 108.59 yen from 108.78

Brent North Sea crude: UP 1.6 percent at $64.72 per barrel

West Texas Intermediate: UP 2.1 percent at $58.05 per barrel
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Mon Aug 05, 2019 10:52 am

Asia markets sink as the Chinese yuan tumbles

AFP - Asian markets plummeted Monday as the Chinese yuan fell sharply, days after US President Donald Trump's vow to impose fresh tariffs on goods from China sent trade war fears soaring.

Trump's announcement, which came on Thursday, means virtually all of the $660 billion in annual merchandise trade between the world's two biggest economies will be subject to punitive tariffs, with the latest duties due to take effect September 1.

The news saw all three major Wall Street indices slump to their lowest levels since June, with the S&P 500 and Nasdaq recording their worst weekly losses of 2019 on Friday.

In China, the yuan dropped to its lowest level to the dollar since August 2010, fuelling speculation that Beijing was devaluing its currency to support exporters and offset Trump's latest threat to hit $300 billion in Chinese goods with 10 percent tariffs.

The US leader regularly accuses the Chinese central bank of artificially weakening the yuan -- charges long denied by Beijing.

The onshore yuan tumbled to 7.0307 against the dollar -- its lowest level since 2008 -- while the more freely traded offshore yuan tumbled to 7.1085, breaching the 7.0 level which investors see as a key threshold in currency value.

Multiple rounds of tit-for-tat tariffs between the world's top two economies have already battered trade, with China's American imports shrinking 30 percent in the first half of the year.

Beijing has vowed to hit back if Washington goes ahead with its latest threat, while news that demand for US exports had weakened underscored concern that trade was becoming a trouble spot for economies worldwide.

- 'A lot messier' -

"China is likely to drag out their response and retaliate in many ways against the US trade measures," warned Edward Moya, senior market analyst at OANDA.

Although negotiators from both nations are expected to reconvene in Washington in early September for another round of talks after last week's discussions in Shanghai, investors remain nervous, Moya said.

"Financial markets are still working on pricing in a complete collapse of trade talks amongst the Chinese and Americans," he said.

"The base case still remains for a deal to get done, but talks are likely to get a lot messier before we see anything... that resembles a deal."

The yuan's depreciation spurred a sell-off across Asian markets, with Hong Kong losing more than three percent as pro-democracy protesters targeted the financial hub's transport network, launching a city-wide strike aimed at forcing concessions from its embattled pro-Beijing government.

Tokyo and Seoul shed 2.4 percent while Shanghai fell 0.8 percent. Singapore dropped 1.9 percent while Taipei and Bangkok were also down.

- Key figures around 0300 GMT -

Tokyo - Nikkei 225: DOWN 2.4 percent at 20,590.87 (break)

Hong Kong - Hang Seng: DOWN 3.1 percent at 26,097.07

Shanghai - Composite: DOWN 0.8 percent at 2,844.38

Pound/dollar: DOWN at $1.2153 from $1.2162 at 2100 GMT Friday

Euro/dollar: UP at $1.1127 from $1.1106

Dollar/yen: DOWN at 105.88 yen from 106.59 yen

Brent North Sea crude: DOWN seven cents at $61.19 per barrel

West Texas Intermediate: DOWN 59 cents at $55.07 per barrel

New York - Dow: DOWN 0.4 percent at 26,485.01 (close)

London - FTSE 100: DOWN 2.3 percent at 7,407.06 (close)
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Fri Aug 23, 2019 9:34 am

Stock markets play waiting game before Fed chief speech

AFP - Global stock markets were pressured Thursday as investors avoided risk on the eve of a speech by Federal Reserve head Jerome Powell, hotly anticipated for clues on the interest rate outlook.

The British pound, meanwhile, gained on optimism that an orderly Brexit may yet be on the cards.

"Caution is the word of the day... ahead of the key speech by the Fed chairman Jerome Powell," said analyst Naeem Aslam at trading firm ThinkMarkets.

European stocks finished solidly lower following lackluster economic data, including a report that showed Germany suffering its biggest drop in new manufacturing orders in six years.

US stocks were mixed at the end of a choppy session that included another inversion of the US Treasury market, when the return on 10-year notes fell below that of two-year notes, a worrisome development seen as sign of a possible recession.

Gregori Volokhine, fund manager at Meeschaert Financial Services, said lackluster European data and the weight from the grinding US-China trade war are weighing on sentiment.

"There's a fear of a global slowdown and a sense that a 25- or 50-basis interest rate cut won't have much effect," Volokhine said, alluding to expectations that the US Federal Reserve will cut interest rates again next month.

Investors are awaiting Powell's speech Friday at the annual central bank conference in Jackson Hole, Wyoming that some analysts expect will signal a likely interest rate cut next month.

But if his message is opaque -- which it might be given the number of regional Fed officials voicing reticence to cut again so soon -- markets could be in for a wild ride Friday.

Futures investors still overwhelmingly expect the Fed to cut interest rates in September, but 6.5 percent now see no change, which is up from zero last week.
- Sterling's Boris bounce -

In foreign exchange, the British pound spiked after Prime Minister Boris Johnson met with French President Emmanuel Macron, following his talks with German Chancellor Angela Merkel the day before.

Echoing Merkel, Macron supported allowing another month to find a solution to the issue of the Irish border which has bedeviled Brexit negotiations since 2017.

But he also said the so-called Irish backstop that has caused such controversy in London was "indispensable" and all talks had to be based on the withdrawal deal negotiated by Johnson's predecessor Theresa May repeatedly rejected by the British parliament.

"The pound is pushing higher after Merkel said we can find a solution to the backstop that will maintain the integrity of the single market, and uphold the principles of the Belfast Agreement 1998. The softer stance from the EU is helping sterling," said David Madden at CMC Markets.

"Who will blink?", asked Kallum Pickering at Berenberg.

Johnson is "playing a game of chicken with the EU and moderate Conservatives" and "bets that the EU will seek a compromise at the final hour", he said.

- Key figures around 2040 GMT -

New York - Dow: UP 0.2 percent at 26,252.24 (close)

New York - S&P 500: DOWN 0.1 percent at 2,922.95 (close)

New York - Nasdaq: DOWN 0.4 percent at 7,991.39 (close)

London - FTSE 100: DOWN 1.1 percent at 7,128.18 (close)

Frankfurt - DAX 30: DOWN 0.5 percent at 11,747.04 (close)

Paris - CAC 40: DOWN 0.9 percent at 5,388.25 (close)

EURO STOXX 50: DOWN 0.6 percent at 3,373.67 (close)

Tokyo - Nikkei 225: UP 0.1 percent at 20,628.01 (close)

Hong Kong - Hang Seng: DOWN 0.8 percent at 26,048.72 (close)

Shanghai - Composite: UP 0.1 percent at 2,883.44 (close)

Euro/dollar: UP at $1.1086 from $1.1085 at 2100 GMT on Wednesday

Pound/dollar: UP at $1.2253 from $1.2130

Euro/pound: DOWN at 90.44 pence from 91.39 pence

Dollar/yen: DOWN at 106.42 yen from 106.62 yen

Brent North Sea crude: DOWN 0.6% at $59.92 per barrel

West Texas Intermediate: DOWN 0.6% cents at $55.35 per barrel
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Fri Aug 30, 2019 10:43 am

Global stocks boosted by China-US talk hopes

AFP - Stocks floated higher on Thursday, lifted by positive sentiment surrounding the US-China trade war, while the pound steadied after a Brexit-fueled slump.

China's Commerce Ministry hinted Beijing could break the cycle of tit-for-tat retaliation in the trade war with the United States, while in Washington US President Donald Trump said the two sides continued to talk.

Hope the countries could avoid catastrophe sent Wall Street higher for a second day while European stocks rebounded and London consolidated gains. Asian bourses were mainly flat.

"People are holding out hope," Maris Ogg of Tower Bridge Advisors told AFP, although that optimism may prove short lived.

"If the trade wars go away or dissipates, clearly you have a healthier economic environment," she said. "But you need some concrete actions for this to have long term impact."

In Milan, the FTSE MIB index gained almost 2.0 percent after Italian President Sergio Mattarella gave Prime Minister Giuseppe Conte a mandate to form a new government

Investors were mulling the significance of a fall in yields on 10-year US Treasurys, which recently dropped below that for two-year Treasury notes -- widely viewed as a reliable recession indicator.

It comes against a backdrop of slowing global growth.

In foreign exchange, the pound was stable a day after it fell on UK Prime Minister Boris Johnson's shock decision to bring an end to the parliamentary year and not restart it until mid-October.

While he said the extended recess was to draw up a full legislative program, anti-Brexiters were fuming that it would cut short any time they could have to debate a plan to avert a no-deal exit from the EU on October 31, with some calling it a "coup."

Johnson could face a vote of no confidence, which could lead to a British general election and continued uncertainty for the already struggling economy.

The euro fell back as incoming European Central Bank chief Christine Lagarde signaled that she would stick with Mario Draghi's controversial expansionary monetary policy that has propped up the eurozone economy amid growing risks to growth.

- Key figures around 2100 GMT -

New York - Dow: UP 1.3 percent at 26,362.25 (close)

New York - S&P 500: UP 1.3 percent at 2,924.58 (close)

New York - Nasdaq: UP 1.5 percent at 7,973.39 (close)

London - FTSE 100: UP 1.0 percent at 7,184.32 points (close)

Frankfurt - DAX 30: UP 1.2 percent at 11,838.88 (close)

Paris - CAC 40: UP 1.5 percent at 5,449.97 (close)

EURO STOXX 50: UP 1.4 percent at 3,411.33 (close)

Tokyo - Nikkei 225: DOWN 0.1 percent at 20,460.93 (close)

Hong Kong - Hang Seng: UP 0.3 percent at 25,703.50 (close)

Shanghai - Composite: DOWN 0.1 percent at 2,890.92 (close)

Pound/dollar: DOWN at $1.2182 from $1.2213 at 2100 GMT

Euro/pound: UP at 90.76 pence from 90.68 pence

Euro/dollar: DOWN at $1.1057 from $1.1076

Dollar/yen: UP at 106.51 yen from 106.14 yen

Brent North Sea crude: UP 59 cents at $61.08 per barrel

West Texas Intermediate: UP 93 cents at $56.71 per barrel
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Thread for News on International Markets Empty Re: Thread for News on International Markets

Post by The Invisible on Fri Sep 06, 2019 9:50 am

US stocks surge on trade talk plans, pound strengthens more



AFP – Global stocks mostly rose Thursday following news that the United States and China will resume high-level trade talks in October, although London shares fell as the pound continued to strengthen on the decreasing odds of a no-deal Brexit.




Wall Street equities were especially buoyant, with major indices winning more than one percent, after China’s commerce ministry said Vice Premier Liu He, Beijing’s point man on trade, agreed to October talks in a call with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday.




The announcement came less than a week after both Beijing and Washington enacted new tariff measures on each other. The grinding dispute has hung over markets for more than a year.




US stocks were also lifted by data showing showed increased private-sector hiring in August and better-than-expected services sector activity.




On Friday, the Labor Department releases the closely watched government jobs report for August.




Bourses in Paris, Frankfurt and Tokyo also rose, but London retreated as Sterling continued to strengthen.




The British pound topped $1.23, hitting a one-month peak as the prospect of a “no deal” Brexit seemed to fade after a series of parliamentary votes tore up Prime Minister Boris Johnson’s hardline stance.


Newsletter
Daily Brief

Economynext daily and weekly email newsletters covering the best of politics and policy.

Sign up













Johnson himself remained defiant, saying he would “rather be dead in a ditch” than delay Brexit beyond next month, as he urged lawmakers who oppose his plan to support an early election.




MPs in the House of Commons this week passed a bill that could stop Johnson taking Britain out of the European Union without a divorce deal with Brussels.




They also rejected his call for a snap election to resolve the political deadlock that has characterized the past three years since the 2016 referendum vote for Brexit.




The vote left Johnson in limbo, his Brexit plan in tatters but with no way out after his parliamentary majority was destroyed by a Conservative party rebellion over the issue.




As a result, his government announced it would try again to force an election with a House of Commons vote on Monday, and he challenged the opposition Labour party to back it.




“The pound has been behaving as a tidy barometer of the odds of a no-deal Brexit,” Rabobank analyst Jane Foley told AFP.




“The pound is clearly not out of the woods with political uncertainty still at very elevated levels — but the risk of a disorderly Brexit next month at least looks set to be pushed off the table,” Foley added.




– Key figures around 2040 GMT –




New York – Dow: UP 1.4 percent at 26,728.15 (close)




New York – S&P 500: UP 1.3 percent at 2,976.00 (close)




New York – Nasdaq: UP 1.8 percent at 8,116.83 (close)




London – FTSE 100: DOWN 0.6 percent at 7,271.17 (close)




Frankfurt – DAX 30: UP 0.9 percent at 12,126.78 (close)




Paris – CAC 40: UP 1.1 percent at 5,593.37 (close)




EURO STOXX 50: UP 1.0 percent at 3,484.70 (close)
The Invisible
The Invisible

Posts : 1333
Join date : 2016-11-28
Age : 40

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum