Asian Shares Rise On Mixed China Data

RTTNews | 74日前

(RTTNews) - Asian stocks ended mostly higher on Monday as investors reacted to escalating tensions in the Middle East and a mixed bag of data from China.

The dollar held steady on heightened Middle East geopolitical tensions as the conflict between Iran and Israel entered its fourth day, with the number of deaths mounting on both sides.

Crude oil prices steadied after surging 7 percent on Friday while gold dipped toward $3,400 per ounce.

China's Shanghai Composite index rose 0.35 percent to 3,383.73 and Hong Kong's Hang Seng index closed up 0.70 percent at 24,060.99.

China's factory output growth hit a six-month low in May, while retail sales picked up steam, signaling potential resilience in consumer demand amid a fragile truce in the country's trade war with the United States.

Japanese markets rallied as a weaker yen boosted export-related stocks. The Nikkei average jumped 1.26 percent to 38,311.33 ahead of the Bank of Japan's upcoming policy meeting, with the central bank widely expected to keep interest rates unchanged. The broader Topix index settled 0.75 percent higher at 2,777.13.

Seoul stocks surged, driven by big gains the defense, energy and IT sectors. The Kospi average climbed 1.80 percent to 2,946.66.

Hanwha Systems soared 18 percent and Doosan Enerbility surged 9.2 percent, while SK Hynix, HD Hyundai Electric, Hyundai Rotem added 5-6 percent.

Australian markets gave up early gains to end on a flat note. Energy stocks rallied on higher oil prices, offsetting weak performance across gold miners.

Oil & gas producer Santos soared nearly 11 percent following a $18.7 billion takeover bid by a consortium led by a unit of Abu Dhabi's National Oil Company.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index jumped 1.09 percent to 12,690.13, buoyed by gains in energy-related stocks.

U.S. stocks fell sharply on Friday as a deadly Israeli strike on Iranian nuclear facilities and Iran's retaliation heightened tensions in West Asia.

In economic releases, a measure of U.S. consumer sentiment rose by the most since January 2024 and short-term inflation expectations showed a marked improvement.

The Dow plummeted 1.8 percent, the tech-heavy Nasdaq Composite tumbled 1.3 percent and the S&P 500 declined 1.1 percent.

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 28分前

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 56分前

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 3時41分前

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 4時0分前

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 4時43分前

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 5時12分前

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 5時25分前

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 5時41分前

EURUSD	1.1697	GBPUSD	1.35039	AUDUSD	0.65433
USDJPY	146.969	USDCAD	1.3733	USDCHF	0.7998