Asian Stocks Rise As Weak Jobs Data From U.S. Lifts Rate Pause Hopes

RTTNews | 816天前

(RTTNews) - Asian markets finished trading on a positive note, buoyed by the rally in Wall Street a day earlier in cognizance of the weak jobs data. A surge in Initial jobless claims in the U.S. has bolstered hopes that the Fed would be forced to pause on its rate hikes. Weak inflation readings from China, however limited gains.

China's Shanghai Composite Index gained 18 points or 0.55 percent to finish trading at 3,231.41. The day's trading ranged between 3,231.41 and 3,206.10. The Shenzhen Component Index added 71 points or 0.66 percent to close at 10,793.93.

The Japanese benchmark Nikkei 225 surged 624 points or 1.97 percent to end trading at 32,265.17. The day's trading range was between 31,898.75 and 32,304.04.

Konami Corp surged 5.8 percent. Marubeni Corp, Fast Retailing Co, Sojitz Corp, Mitsui &Co, all rallied more than 4 percent.

Mitsui Engineering & Shipbuilding was the biggest laggard with an overnight decline of 1.8 percent. NTN Corp also slipped 1.6 percent. Sekisui House, Okuma Corp, Mitsubishi Heavy Industries, all declined more than half a percent.

The Hang Seng Index of the Hong Kong Stock Exchange added 91 points or 0.47 percent from the previous close to finish trading at 19,389.95. The day's trading range was between a high of 19,463.61 and a low of 19,231.13.

Korean Stock Exchange's Kospi Index added 30 points or 1.16 percent to close trading at 2,641.16. The day's trading range was between 2,618.45 and 2,644.70.

Australia's S&P/ASX200 closed trading at 7,122.50 after gaining 22.80 points or 0.32 percent. The day's trading range was between 7,099.70 and 7,131.20.

Nickel Industries surged 13.3 percent. Pharma business Imugene rebounded 7.5 percent. West African Resources rallied 5.3 percent. Champion Iron gained 4.5 percent. Sandfire Resources also added 3.6 percent.

Johns Lyng Group dropped 4.1 percent. Healthcare business Healius, Lake Resources, Lovisa Holdings, all declined more than 3 percent. NRW Holdings shed 2.5 percent.

The NZX 50 of the New Zealand Stock Exchange shed 25 points or 0.22 percent to close at 11,690.34. Trading ranged between 11,663.14 and 11,742.10.

Software business Serko topped with gains of more than 4 percent. Precinct Properties New Zealand and Restaurant Brands New Zealand, both rallied more than 2 percent. Auckland International Airport and ANZ Group Holdings also added close to 2 percent.

EROAD, Mercury NZ, Synlait Milk and Skellerup Holdings, all declined more than 2 percent. Healthcare business Pacific Edge also shed close to 2 percent.

Wall Street had closed on a positive note on Thursday amidst a sharp fall in bond yields that followed the latest job market update. The Nasdaq Composite added 1.02 percent to close at 13,238.52 whereas the Dow Jones Industrial Average added 0.50 percent to finish trading at 33,833.61.

Australia GDP Data Due On Wednesday

Australia will on Wednesday release Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GP is expected to rise 0.5 percent on quarter and 1.6 percent on year, up from 0.2 percent on quarter and 1.3 percent on year in the three months prior.

RTTNews | 31分钟前

U.S. Dollar Climbs Amid Rising Treasury Yields

The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as investors awaited upcoming nonfarm payrolls data.

RTTNews | 57分钟前

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 5小时43分钟前

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 5小时48分钟前

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 5小时55分钟前

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 7小时56分钟前

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 8小时8分钟前

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | 8小时11分钟前

EURUSD	1.16408	GBPUSD	1.33939	AUDUSD	0.65204
USDJPY	148.346	USDCAD	1.37817	USDCHF	0.8045