Rebound Anticipated For Hong Kong Stock Market

RTTNews | 19s 48 dakika önce
Rebound Anticipated For Hong Kong Stock Market

(RTTNews) - The Hong Kong stock market on Friday ended the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 23,790-point plateau although it's likely to find renewed support on Monday.

The global forecast for the Asian markets is positive, thanks to upbeat employment data out of the United States. The European markets were mixed and the U.S. bourses were sharply higher and the Asian bourses figure to follow the latter lead.

The Hang Seng finished modestly lower on Friday following losses from the financial shares, oil companies and technology stocks, while the property sector was mixed.

For the day, the index slumped 114.43 points or 0.48 percent to finish at 23,792.54 after trading between 23,773.36 and 23,951.14.

Among the actives, Alibaba Group retreated 1.44 percent, while Alibaba Health Info plummeted 2.81 percent, ANTA Sports added 0.52 percent, China Life Insurance shed 0.36 percent, China Mengniu Dairy stumbled 1.76 percent, China Resources Land and CLP Holdings both sank 0.38 percent, CITIC rallied 1.36 percent, CNOOC dipped 0.11 percent, CSPC Pharmaceutical skyrocketed 12.72 percent, Galaxy Entertainment dropped 0.44 percent, Haier Smart Home jumped 1.53 percent, Hang Lung Properties declined 1.09 percent, Henderson Land surged 1.65 percent, Hong Kong & China Gas perked 0.15 percent, Industrial and Commercial Bank of China lost 0.34 percent, JD.com tumbled 1.45 percent, Lenovo rose 0.33 percent, Li Ning slumped 0.52 percent, Meituan tanked 1.87 percent, New World Development climbed 1.31 percent, Nongfu Spring spiked 1.54 percent, Techtronic Industries gained 0.49 percent, Xiaomi Corporation plunged 2.12 percent, WuXi Biologics skidded 1.00 percent and Li Auto, Hengan International and China Red Mixc were unchanged.

The lead from Wall Street is firm as the major averages opened higher on Friday and remained in the green throughout the trading day, ending near session highs.

The Dow surged 443.13 points or 1.05 percent to finish at 42,762.87, while the NASDAQ rallied 231.50 points or 1.20 percent to close at 19,529.95 and the S&P 500 gained 61.06 points or 1.03 percent to end at 6,000.36.

The rally on Wall Street followed the release of the closely watched Labor Department report showing slightly stronger than expected U.S. job growth in May.

The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April. Economists had expected employment to increase by about 130,000 jobs.

The modestly bigger than expected increase in employment helped offset concerns about the strength of the economy following some recent downbeat data.

Crude oil prices move higher on Friday in response to the better-than-expected jobs data. West Texas Intermediate crude for July delivery was up $1.21 to $64.58 per barrel; it was up 6 percent for the week.

read more
Canadian Market Up Marginally In Cautious Trade

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.
RTTNews | 2s 38 dakika önce
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.
RTTNews | 3s 6 dakika önce
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
RTTNews | 6s 53 dakika önce
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | 8s 45 dakika önce
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | 9s 56 dakika önce
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | 10s 18 dakika önce
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | 10s 38 dakika önce