Asian Stocks Higher Amidst Positive Global Sentiment

RTTNews | 1053天前
Asian Stocks Higher Amidst Positive Global Sentiment

(RTTNews) - Asian stocks finished mostly higher, led by gains in technology and mining, amidst a positive global market sentiment ahead of the crucial inflation data from the U.S. on Tuesday. Consumer Price Inflation in the U.S. is seen falling to 8.1 percent in August, versus 8.5 percent in July, rekindling hopes of a less hawkish monetary policy stance by the Fed. Stock markets in China, Hong Kong and South Korea are closed for a holiday.

The Japanese benchmark Nikkei 225 added 327 points or 1.16 percent to end trading at 28,542.11. The day's trading range was between 28,438.37 and 28,612.89.

Isetan Mitsukoshi Holdings rallied 4.7 percent to top the gainers chart. Keisei Electric Railway Co, West Japan Railway Co, Shiseido Co and Keio Corp, all rallied more than 3 percent.

Chiyoda Corp declined 2.4 percent in the day's trading. JGC Corp, Mitsubishi Heavy Industries, Mitsui Engineering and Shipbuilding as well as Toyobo Co declined more than 1 percent.

Australia's S&P/ASX200 closed trading at 6,964.50 after adding 70 points or 1.02 percent. The day's trading was between 6,894.20 and 6,974.90.

Nickel Mines was the top gainer with a 6.7 percent rally. Biotechnology business Mesoblast, Gold Road Resources, and News Corp B DRC, all added more than 5 percent. Domino's Pizza Enterprises also gained more than 4 percent.

Software company Nuix topped the losers' charts with a 6.4 percent decline. Sims Metal Management, financial services company Hub24, Perseus Mining and transportation infrastructure developer Atlas Arteria, all declined more than 2 percent.

The NZX50 of the New Zealand Stock Exchange added 55 points or 0.47 percent to close at 11,813.21. Trading ranged between 11,757.77 and 11,815.69.

Fonterra Shareholders Fund is the top gainer with a 5.8 percent overnight rally. Dairy business A2 Milk Company and software company Vista Group International have both gained more than 2 percent. Precinct Properties New Zealand as well as medical instruments business Fisher & Paykel Healthcare Corporation have gained more than 1 percent.

Tourism Holdings, Telecommunications network company Chorus, electric utility Vector and Sky Network Television have all declined more than 2 percent in the day's trading. Wall Street had also closed with gains on Friday. Nasdaq-100 had added 2.17 percent to close at 12,588.29 and the Dow Jones Industrial Average had strengthened 1.19 percent to end at 32,151.71.

read more
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.
RTTNews | 6小时16分钟前
European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.
RTTNews | 6小时46分钟前
U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
RTTNews | 9小时35分钟前
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 10小时17分钟前
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 10小时25分钟前
Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
RTTNews | 11小时12分钟前