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Higher Open Called For Taiwan Stock Market
(RTTNews) - The Taiwan stock market on Thursday snapped the four-day winning streak in which it had surged almost 1,250 points or 6.2 percent. The Taiwan Stock Exchange now sits just above the 21,730-point plateau although it's likely to tick higher again on Friday.
The global forecast for the Asian markets is upbeat on easing inflation and tariff concerns. The European markets were up and the U.S. bourses were mostly higher and the Asian markets figure to follow that lead.
For the day, the index lost 52.62 points or 0.24 percent to finish at 21,730.25 after trading between 21,674.32 and 21,821.01.
The lead from Wall Street is mostly positive as the major averages opened in the red on Thursday but rallied to finish mixed.
The Dow jumped 271.69 points or 0.65 percent to finish at 42,322.75, while the NASDAQ dipped 34.49 points or 0.18 percent to close at 19,112.32 and the S&P 500 added 24.35 points or 0.41 percent to end at 5,916.93.
The choppy trading on day came as traders digested an avalanche of U.S. economic data, including a Labor Department report showing producer prices unexpectedly decreased in the month of April.
Another report from the Commerce Department showed a slight increase by U.S. retail sales in April. Meanwhile, the Federal Reserve said industrial production in the U.S. was unchanged in the month of April.
Crude oil futures showed a substantial move to the downside on Thursday on reports the U.S. is very close to reaching a nuclear deal with Iran. Crude for June delivery plunged $1.53 or 2.4 percent to $61.62 a barrel.
FTSE 100 Advances Again
Sensex, Nifty End Modestly Lower In Cautious Trade
CAC 40 Advances On Easing Trade Tensions
DAX Up 0.8%, Looks Set To End Week On Strong Note
Antipodean Currencies Recovers Amid U.S.-China Trade Deal Optimism
European Shares Edge Higher In Cautious Trade
Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets
