China Stock Market May Add To Its Winnings

RTTNews | 791 ngày trước

(RTTNews) - The China stock market on Monday snapped the two-day losing streak in which it had slumped more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,140-point plateau and it's expected to open in the green again on Tuesday.

The global forecast for the Asian markets is positive on an improved outlook for interest rates and support from technology stocks. The European and U.S. markets were up and the Asian bourses are tipped to follow suit.

The SCI finished modestly higher on Monday as gains from the resource stocks were capped by weakness from the financial shares and properties.

For the day, the index advanced 26.06 points or 0.84 percent to finish at 3,142.78 after trading between 3,113.82 and 3,155.10. The Shenzhen Composite Index climbed 17.37 points or 0.90 percent to end at 1,952.91.

Among the actives, Bank of China collected 0.27 percent, while China Construction Bank fell 0.33 percent, China Merchants Bank sank 0.78 percent, China Life Insurance shed 0.35 percent, Jiangxi Coppoer rallied 1.58 percent, Aluminum Corporation of China (Chalco) strengthened 1.37 percent, Yankuang Energy improved 0.73 percent, Huaneng Power skidded 1.08 percent, China Petroleum & Chemical added 0.48 percent, PetroChina advanced 0.87 percent, China Shenhua Energy climbed 1.19 percent, Gemdale retreated 1.22 percent, Poly Developments slumped 1.65 percent, China Vanke declined 1.51 percent and Bank of Communications and Industrial and Commercial Bank of China were unchanged.

The lead from Wall Street is upbeat as the major averages opened higher on Monday and remained in the green throughout the trading day.

The Dow advanced 87.13 points or 0.25 percent to finish at 34,663.72, while the NASDAQ spiked 156.37 points or 1.14 percent to close at 13,917.89 and the S&P 500 gained 29.97 points or 0.67 percent to end at 4,487.46.

The tech-heavy NASDAQ received a boost from a surge by shares of Tesla (TSLA), with the electric car maker spiking by 10.1 percent after Morgan Stanley upgraded its rating on the company's stock to Overweight from Equal-Weight.

The overall strength on Wall Street partly reflected easing concerns about the outlook for interest rates after reports suggested a shift in Federal Reserve officials' stance on rates.

CME Group's FedWatch Tool is currently indicating a 93.0 chance the Fed will leave interest rates unchanged next week. The outlook for November is a little more uncertain, however, with the FedWatch Tool indicating a 54.5 percent chance rates will remain unchanged and a 42.6 percent chance of another quarter point rate hike.

Crude oil prices fell on Monday, retreating from last week's 10-month highs on concerns about the outlook for energy demand from China. West Texas Intermediate Crude oil futures for October ended lower by $0.22 or 0.3 percent at $87.29 a barrel.

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 1h 46phút trước

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 2h 49phút trước

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 3h 8phút trước

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 3h 41phút trước

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 | 4h 12phút trước

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 | 4h 42phút trước

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 | 4h 55phút trước

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 | 4h 57phút trước

EURUSD	1.15599	GBPUSD	1.31657	AUDUSD	0.6522
USDJPY	154.278	USDCAD	1.40355	USDCHF	0.80444