China Stock Market May Add To Friday's Gains

RTTNews | 577 दिनों पहले
China Stock Market May Add To Friday's Gains

(RTTNews) - The China stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day winning streak in which it had jumped more than 80 points or 2.8 percent. The Shanghai Composite Index now rests just above the 3,030-point plateau and it's tipped to open in the green again on Monday.

The global forecast for the Asian markets is upbeat on an improved outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

The SCI finished modestly higher on Friday following mixed performances from the financials, properties, resource stocks and energy companies.

For the day, the index improved 21.39 points or 0.71 percent to finish at 3,030.80 after trading between 3,012.47 and 3,040.98. The Shenzhen Composite Index advanced 21.62 points or 1.17 percent to end at 1,875.00.

Among the actives, Industrial and Commercial Bank of China dropped 0.84 percent, while Bank of China retreated 1.52 percent, China Construction Bank shed 0.63 percent, China Merchants Bank climbed 1.01 percent, Bank of Communications sank 0.87 percent, China Life Insurance collected 0.65 percent, Jiangxi Copper added 0.44 percent, Aluminum Corp of China (Chalco) tanked 2,27 percent, PetroChina improved 1.10 percent, China Petroleum and Chemical (Sinopec) fell 0.36 percent, Huaneng Power gained 0.66 percent, China Shenhua Energy slipped 0.39 percent, Poly Developments slumped 0.83 percent, China Vanke rose 0.45 percent and Yankuang Energy and Gemdale were unchanged.

The lead from Wall Street is broadly positive as the major averages opened higher on Friday and remained in the green throughout the session.

The Dow surged 222.22 points or 0.66 percent to finish at 34,061.32, while the NASDAQ jumped 184.08 points or 1.38 percent to end at 13,478.28 and the S&P 600 gained 40.56 points or 0.95 percent to close at 4,358.34.

For the week, the NASDAQ skyrocketed 6.6 percent, the S&P 500 soared 5.9 percent and the Dow spiked 5.1 percent.

The continued strength on Wall Street reflected a positive reaction to a Labor Department report showing U.S. employment rose less than expected in October.

The data added to optimism the Federal Reserve is done raising interest rates after the central bank left rates unchanged for the third time in four meetings last week.

Treasury yields also extended a recent slump following the release of the report, adding to the buying interest on Wall Street.

Crude oil moved sharply lower on Friday on worries about the outlook for energy demand. West Texas Intermediate for December delivery tumbled $1.95 or 2.4 percent to $80.51 a barrel.

read more
U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.
RTTNews | 42 मिनटों पहले
U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.
RTTNews | 1घंटे 0 मिनट पहले
U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.
RTTNews | 1घंटे 18 मिनट पहले
German Manufacturing Orders Rise Unexpectedly

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.
RTTNews | 1घंटे 46 मिनट पहले
U.S. Trade Deficit Narrows Much More Than Expected In April

U.S. Trade Deficit Narrows Much More Than Expected In April

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April.
RTTNews | 2घंटे 4 मिनट पहले
U.S. Weekly Jobless Claims Unexpectedly Rise To 247,000

U.S. Weekly Jobless Claims Unexpectedly Rise To 247,000

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st.
RTTNews | 2घंटे 8 मिनट पहले
Bay Street Likely To Open On Cautious Note; Resources Stocks May Move Up

Bay Street Likely To Open On Cautious Note; Resources Stocks May Move Up

The Canadian market is likely to open on a cautious note on Thursday with investors looking for news from the trade front. Canadian and U.S. jobs data, due on Friday may provide some clues about the outlook for growth. Higher commodity prices may prompt investors to pick up resources stocks.
RTTNews | 2घंटे 40 मिनट पहले