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China Shares Tipped To Return To The Upside On Monday
Ahead of the long break for the Lunar New Year, the China stock market had risen in three straight sessions, collecting more than 60 points or 1.9 percent along the way. The Shanghai Composite Index now rests just shy of the 3,265-point plateau and it's expected to see additional support when it opens on Monday.
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Higher Open Predicted For Taiwan Stock Market
Ahead of the long break for the Lunar New Year, the Taiwan stock market had moved higher in three straight sessions, collecting more than 200 points or 1.4 percent along the way. The Taiwan Stock Exchange now rests just above the 14,930-point plateau and it's expected to open in the green when it returns on Monday.
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Singapore Stock Market May See Additional Support
The Singapore stock market has moved higher in four straight sessions, advancing more than 120 points or 3.5 percent along the way. The Straits Times Index now rests just beneath the 3,400-point plateau and it may add to its winnings again on Monday.
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Malaysia Stock Market May Snap Losing Streak On Monday
The Malaysia stock market has finished lower in three straight sessions, although it has eased just 3 points in that span. The Kuala Lumpur Composite Index now rests just beneath the 1,500-point plateau although it may find traction on Monday.
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KOSPI May Test Resistance At 2,500 Points
The South Korea stock market has climbed higher in five straight sessions, collecting almost 115 points or 4.6 percent along the way. The KOSPI now rests just shy of the 2,485-point plateau and it's tipped to open in the green again on Monday.
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New Zealand Has NZ$475 Million Trade Deficit
New Zealand posted a merchandise trade deficit of NZ$475 million in December, Statistics New Zealand said on Monday.
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New Zealand Trade Data Due On Monday
New Zealand will on Monday release December data for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends Slightly Up
The Canadian stock market ended marginally up on Friday thanks to strong gains in technology and energy sectors.
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Swiss Market Ends Marginally Higher
After swinging between gains and losses for almost the entire duration of the day's session, the Switzerland stock market ended marginally up on Friday.
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European Stocks Close Slightly Higher
European stocks closed slightly higher on Friday, continued to benefit from recent data showing a stronger than expected U.S. GDP growth.
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Canadian Stocks Recover After Fall From Higher Levels
The Canadian market is down marginally around noon on Friday, weighed down by losses in materials stocks. Financials stocks started off on a weak note, but have regained some lost ground.
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U.S. Consumer Sentiment Improves Slightly More Than Initially Estimated In January
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of January. The report showed the consumer sentiment index for January was upwardly revised to 64.9 from the preliminary reading of 64.6. Economists had expected the index to be unrevised.
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U.S. Pending Home Sales Unexpectedly Rebound In December
After reporting decreases in U.S. pending home sales for six straight months, the National Association of Realtors released a report on Friday showing pending home sales unexpectedly rebounded in the month of December. NAR said its pending home sales index jumped by 2.5 percent to 76.9 in December after tumbling by 2.6 percent to a revised 75.0 in November.
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