Asian Shares Mostly Higher In Thin Holiday Trade

RTTNews | 588日前

(RTTNews) - Asian stocks ended mixed in thin trade on Tuesday, with some markets including Hong Kong, New Zealand and Australia closed for holidays.

The dollar wobbled as softer-than-expected reading on the PCE price index- the Fed's preferred inflation gauge, bolstered bets that the Federal Reserve will cut interest rates in 2024.

Lower Treasury yields helped gold prices tick higher in light trade, while oil prices were little changed after Israel said it was "intensifying the fighting" against Hamas in Gaza.

China's Shanghai Composite index fell 0.68 percent to 2,898.88 as economic jitters persisted.

Semiconductor shares declined, more than offsetting gains in the gaming sector after several companies announced share buyback plans.

Japanese shares eked out modest gains as the yen steadied near its recent five-month peak on expectations that the Bank of Japan (BOJ) could soon mark an end to its ultra-easy policy.

On Monday, Bank of Japan Governor Kazuo Ueda said the likelihood of achieving the central bank's 2 percent inflation target was "gradually rising" and it would consider changing policy if prospects of sustainably achieving the price stability target rise "sufficiently".

The Nikkei average edged up 0.16 percent to 33,305.85 while the broader Topix index settled marginally higher at 2,338.86, led by shippers and chip-related stocks.

South Korea's KOSPI average inched up 0.12 percent to 2,602.59 after choppy trading. Bio stocks gained ground, with Celltrion rising 1.8 percent. Defense stocks led losses, with Hanwha Aerospace and LIG Nex1 both tumbling around 4 percent.

India's Sensex was up 0.4 percent, led by metal and energy stocks.

U.S. stocks ended mixed on Friday in light trading as investors headed into the Christmas holiday weekend.

The Dow slipped 0.1 percent while the S&P 500 and the tech-heavy Nasdaq Composite both rose about 0.2 percent as tamer-than-expected consumer price growth data bolstered bets for interest rate cuts early next year.

Separate data revealed orders for newly manufactured durable goods registered their biggest monthly increase in more than three years in November.

TSX Up More Than 2% On All-round Buying As Investors Bet On Fed Rate Cut Hopes

The Canadian market is up sharply on Tuesday with traders picking up stocks across the board, betting on hopes of an interest rate cut by the Federal Reserve next month.

RTTNews | 17分前

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.

RTTNews | 50分前

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.

RTTNews | 1時11分前

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.

RTTNews | 3時48分前

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 4時34分前

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 5時39分前

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 5時41分前

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 5時53分前

EURUSD	1.15747	GBPUSD	1.33006	AUDUSD	0.64717
USDJPY	147.668	USDCAD	1.37827	USDCHF	0.80769

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Asian Shares Mostly Higher In Thin Holiday Trade