Japanese Market Significantly Higher

RTTNews | il y a 981
Japanese Market Significantly Higher

(RTTNews) - The Japanese stock market is significantly higher on Thursday, extending the gains in the previous three sessions, with the Nikkei 225 moving to nearly the 27,400 level, despite the broadly negative cues from global markets overnight, with energy and technology stocks leading the charge. The benchmark Nikkei 225 Index is up 252.79 points or 0.93 percent to 27,373.32, after touching a high of 27,391.69 earlier. Japanese stocks closed modestly higher on Wednesday.

Market heavyweight SoftBank Group is gaining 2.5 percent and Uniqlo operator Fast Retailing is edging up 0.3 percent. Among automakers, Honda is gaining more than 1 percent and Toyota is flat.

In the tech space, Screen Holdings is gaining almost 2 percent, Advantest is advancing 2.5 percent and Tokyo Electron is adding more than 2 percent.

In the banking sector, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial are gaining almost 1 percent, while Mizuho Financial is edging up 0.1 percent.

Among the major exporters, Canon is gaining almost 1 percent, Sony is adding more that 2 percent, Mitsubishi Electric is advancing more than 1 percent and Panasonic is up almost 2 percent.

Among the other major gainers, Rakuten is surging more than 5 percent, while Eisai is gaining more than 4 percent, Credit Saison is adding more than 3 percent and Daiichi Sankyo is adding almost 3 percent.

Conversely, Aeon is losing almost 3 percent.

In the currency market, the U.S. dollar is trading in the higher 144 yen-range on Thursday.

On Wall Street, stocks staged a significant recovery attempt after pulling back sharply in early trading on Wednesday but still ended the day modestly lower. The major averages gave back ground after moving sharply higher over the two previous sessions.

The major averages pulled back going into the close, finishing the session in negative territory. The Dow edged down 42.45 points or 0.1 percent to 30,273.87, the Nasdaq fell 27.77 points or 0.3 percent to 11,148.64 and the S&P 500 dipped 7.65 points or 0.2 percent to 3,783.28.

The major European markets also moved to the downside on the day. While the German DAX Index slumped 1.2 percent, the French CAC 40 Index slid by 0.9 percent and the U.K.'s FTSE 100 Index fell by 0.4 percent.

Crude oil prices climbed higher on Wednesday after OPEC agreed to impose output cuts, aiming to spur a recovery in oil prices. West Texas Intermediate Crude oil futures for November climbed $1.24 or 1.4 percent at $87.76 a barrel.

read more
Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
RTTNews | il y a 34 minutes
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | il y a 1h 29min
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | il y a 1h 52min
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | il y a 1h 53min
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | il y a 5h 8min
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | il y a 6h 52min
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | il y a 9h 40min
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | il y a 9h 43min