Win Streak May Continue For China Stock Market

RTTNews | Před 2 dny
Win Streak May Continue For China Stock Market

(RTTNews) - The China stock market has finished higher in four straight sessions, advancing more than 35 points or 1.1 percent along the way. The Shanghai Composite Index now sits just above the 3,385-point plateau and it may add to its winnings again on Monday.

The global forecast for the Asian markets is positive, thanks to upbeat employment data out of the United States. The European markets were mixed and the U.S. bourses were sharply higher and the Asian bourses figure to follow the latter lead.

The SCI finished barely higher on Friday as gains from the oil companies and financials were dented by weakness from the property sector.

For the day, the index perked 1.26 points or 0.04 percent to finish at 3,385.36 after trading between 3,379.76 and 3,391.45. The Shenzhen Composite Index dipped 2.44 points or 0.12 percent to end at 2,007.69.

Among the actives, Industrial and Commercial Bank of China perked 0.14 percent, while Bank of China and Poly Developments both fell 0.37 percent, Agricultural Bank of China improved 0.72 percent, China Merchants Bank rose 0.23 percent, Bank of Communications was up 0.13 percent, China Life Insurance collected 0.68 percent, Jiangxi Copper jumped 1.88 percent, Aluminum Corp of China (Chalco) increased 0.75 percent, Yankuang Energy sank 0.71 percent, PetroChina strengthened 1.43 percent, China Petroleum and Chemical (Sinopec) added 0.52 percent, Huaneng Power climbed 1.11 percent, China Shenhua Energy gained 0.61 percent, Gemdale slumped 1.33 percent and China Vanke lost 0.60 percent.

The lead from Wall Street is firm as the major averages opened higher on Friday and remained in the green throughout the trading day, ending near session highs.

The Dow surged 443.13 points or 1.05 percent to finish at 42,762.87, while the NASDAQ rallied 231.50 points or 1.20 percent to close at 19,529.95 and the S&P 500 gained 61.06 points or 1.03 percent to end at 6,000.36.

The rally on Wall Street followed the release of the closely watched Labor Department report showing slightly stronger than expected U.S. job growth in May.

The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April. Economists had expected employment to increase by about 130,000 jobs.

The modestly bigger than expected increase in employment helped offset concerns about the strength of the economy following some recent downbeat data.

Crude oil prices move higher on Friday in response to the better-than-expected jobs data. West Texas Intermediate crude for July delivery was up $1.21 to $64.58 per barrel; it was up 6 percent for the week.

Closer to home, China will release May figures for consumer prices, imports, exports and trade balance later this morning. In April, overall inflation was up 0.1 percent on month and down 0.1 percent on year, while producer prices sank an annual 2.7 percent.

Imports are expected to slip 0.9 percent on year after easing 0.2 percent in April. Exports are called higher by an annual 5.0 percent, moderating from 8.1 percent in the previous month. The trade surplus is pegged at $101.30 billion, up from $96.18 billion a month earlier.

read more
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | Před 33 minutami
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | Před 1 h 34 min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | Před 1 h 59 min
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | Před 2 h 27 min
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | Před 2 h 59 min
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | Před 3 h 24 min
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | Před 3 h 29 min
Higher Open Expected For Hong Kong Shares

Higher Open Expected For Hong Kong Shares

The Hong Kong stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,160-point plateau and it's likely to remain rangebound on Wednesday.
RTTNews | Před 3 h 44 min