Asian Shares Mostly Higher In Thin Holiday Trade

RTTNews | 598 hari yang lalu

(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.

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.

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TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

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Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

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European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

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U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

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U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | 9j 54min yang lalu

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

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New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

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EURUSD	1.1698	GBPUSD	1.3551	AUDUSD	0.6504
USDJPY	147.18	USDCAD	1.38173	USDCHF	0.8063