European Shares Seen Lower As Yields Rise After BOJ Policy Tweak

RTTNews | 837 gün önce

(RTTNews) - European stocks may drift lower on Friday as a batch of upbeat economic data from the United States helped quell fears of an imminent recession but revived rate hike fears.

Asian stocks traded mostly lower, with Chinese and Hong Kong markets bucking the regional trend, after China's housing minister Ni Hong urged efforts to help ease a protracted property slump.

The yen advanced in volatile trading after the Bank of Japan tweaked its ultra-loose monetary policy, prompting a surge in government bond yields.

China's yuan also firmed up against the dollar after the People's Bank of China set a stronger daily fixing to keep the currency stable.

Gold edged up slightly but was on course for its biggest weekly decline in five. Oil prices fell in Asian trade but were on track for strong weekly gains on signs of tight supplies and ongoing speculation over Chinese stimulus measures.

In economic releases, quarterly national accounts and flash inflation data from Germany, France and Spain are due later in the day, headlining a hectic day for the European economic news.

Across the Atlantic, trading may be impacted by a reaction to a report on personal income and spending in the month of June, which includes a reading on inflation said to be preferred by the Fed.

On the earnings front, Intel returned to profitability after two quarters of losses while Ford raised its full-year guidance after Q2 earnings topped expectations.

Chevron and Exxon Mobil are among the prominent companies due to report their financial results before the U.S. opening bell later in the day.

U.S. stocks ended lower on Thursday and Treasury yields rose, as a slew of upbeat economic data clouded the outlook for interest rates.

The U.S. economy grew more than expected in the second quarter, weekly jobless claims continued to fall and new orders for key manufactured capital goods unexpectedly rose in June, raising concerns that interest rates could stay higher for longer.

The Dow dropped 0.7 percent to snap a 13-day winning streak despite upbeat earnings from big companies. The S&P 500 and the tech-heavy Nasdaq Composite both shed around 0.6 percent.

European stocks closed on a buoyant note on Thursday as the European Central Bank spoke about the possibility of pause at its next meeting after raising interest rates for the ninth consecutive time.

The pan-European STOXX 600 added 1.4 percent to hit a 17-month high. The German DAX rallied 1.7 percent, France's CAC 40 climbed 2.1 percent and the U.K.'s FTSE edged up 0.2 percent.

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 1s 29 dakika önce

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 1s 59 dakika önce

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | 2s 13 dakika önce

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 2s 14 dakika önce

Additional Support Likely For China Stock Market

The China stock market bounced higher again on Monday, one session after halting the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,020-point plateau The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The SCI finished modestly higher on Monday following gains from the financial shares, property stocks and resource companies. For the day, the index gained 21.04 points or 0.53 percent to finish at 4,018.60 after trading between 3,990.84 and 4,018.70. The Shenzhen Composite Index added 10.15 points or 0.40 percent to end at 2,529.44. Among the actives, Industrial and Commercial Bank of China advanced 0.87 percent, while Bank of China rose 0.35 percent, Agricultural Bank of China rallied 2.12 percent, China Merchants Bank added 0.49 percent, Bank of Communications collected 0.82 percent, China Life Insurance jumped 1.95 percent, Jiangxi Copper improved 0.95 percent, Aluminum Corp of China (Chalco) soared 3.26 percent, Yankuang Energy vaulted 1.88 percent, PetroChina strengthened 1.65 percent, China Petroleum and Chemical (Sinopec) fell 0.27 percent, Huaneng Power perked 0.24 percent, China Shenhua Energy gained 0.94 percent, Gemdale spiked 2.33 percent, Poly Developments increased 1.25 percent and China Vanke climbed 1.29 percent.

RTTNews | 2s 29 dakika önce

Taiwan Bourse Expected To Open In The Green On Tuesday

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just beneath the 27,870-point plateau and it's likely to extend its gains on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 2s 59 dakika önce

Japan Overall Bank Lending Climbs 4.1% Annually

Overall bank lending in Japan was up 4.1 percent on year in October, the Bank of Japan said on Tuesday - coming in at 650.798 trillion yen.

RTTNews | 3s 0 dakika önce

Japan Has Y4.483 Trillion Current Account Surplus

Japan posted a seasonally adjusted current account surplus of 4.483 trillion yen in September, the Ministry of Finance said on Tuesday - up 191.6 percent on year.

RTTNews | 3s 4 dakika önce

EURUSD	1.15569	GBPUSD	1.31672	AUDUSD	0.65311
USDJPY	154.314	USDCAD	1.40308	USDCHF	0.80485