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Asian Stocks Rally Amidst Global Momentum
Asian markets gained on Thursday amidst a global bullish sentiment on stocks and other risk assets. Sentiment was boosted by promise of more stimulus measures from China. Chinese benchmarks however pared gains.
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European Benchmarks Seen Opening Strong
Markets in Europe are expected to open on a strong note on Thursday tracking the bullish momentum in the Asian markets as well as the rally in Wall Street, a day earlier.
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Sensex, Nifty Rise Again, As Stocks Surge Higher On Global Cues
Indian shares are up firmly in positive territory Thursday morning, extending recent gains, thanks to positive global cues.
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Asian Markets Mostly Higher On Global Cues
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, as traders shrugged off concerns over the outlook for interest rates following the release of US inflation data and upbeat US retail sales data. These data will encourage the US Fed to continue aggressively raising interest rates in an effort to combat inflation.
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Indian Shares Seen Opening Higher
Indian shares are likely to open higher on Thursday, tracking positive global cues.
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Thai Stock Market Poised To End Slide
The Thai stock market has moved lower in two straight sessions, giving up almost 20 points or 1.2 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,650-point plateau although it's likely to stop the bleeding on Thursday.
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Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Thursday, recouping the losses in the previous session, with the Nikkei 225 moving to near the 27,700 level, following the broadly positive cues from global overnight, boosted by gains in some index heavyweights, automakers and technology stocks.
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Higher Open Anticipated For Indonesia Stock Market
The Indonesia stock market on Wednesday snapped the two-day winning streak in which it had gathered more than 60 points or 0.9 percent. The Jakarta Composite Index now rests just above the 6,910-point plateau although it's expected to bounce higher again on Thursday.
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Australian Market Significantly Higher
The Australian stock market is significantly higher on Thursday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 7,400 levels, following the broadly positive cues from global markets overnight, boosted by strong gains in technology stocks. Partially offset by weakness in gold mining and energy stocks.
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Hong Kong Stock Market Expected To End Losing Streak
The Hong Kong stock market has finished lower in four straight sessions, surrendering more than 800 points or 4 percent along the way. The Hang Seng Index now sits just above the 20,800-point plateau although it's due for support on Thursday.
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China Stock Market May Challenge 3,300-Point Level
The China stock market on Wednesday ended the two-day winning streak in which it had collected more than 30 points or 1 percent. The Shanghai Composite Index now rests just above the 3,280-point plateau although it's expected to move higher again on Thursday.
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Australia Jobless Rate Climbs To 3.7% In January
The unemployment rate in Australia came in at a seasonally adjusted 3.7 percent in January, the Australian Bureau of Statistics said on Thursday - higher than expectations for 3.5 percent, which would have been unchanged from December.
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Taiwan Bourse May Reverse Wednesday's Losses
The Taiwan stock market headed south again on Wednesday, one session after ending the three-day losing streak in which it had slipped more than 70 points or 0.5 percent. The Taiwan Stock Exchange now rests just above the 15,430-point plateau although it's expected to rebound again on Thursday.
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