|Day's Range||26,567.520 - 26,903.779|
|52 Week Range||24,540.631 - 33,484.078|
A round of better than expected bank earnings has the US equity futures moving higher in the early morning session. The financial sector led the EU market at midday with gains averaging 1.0%. The Shanghai Composite closed with no movement, 0.0%, for the day while the Hong Kong Heng Seng and Shenzen markets both saw small gains.
Prime Minister Theresa May's plan on how Britain should exit the European Union was overwhelmingly voted down in the House of Commons, the U.K.'s lower house of parliament.
Major world stock markets climbed on Tuesday on hopes of more stimulus for China's economy, while sterling rebounded from the day's lows after British lawmakers defeated Prime Minister Theresa May's deal on withdrawing from the European Union. Sterling rallied more than a cent to stand above $1.28 after the vote.
Shares in Australia, Japan, South Korea and China jumped despite lingering concerns about an economic slowdown in China and ahead of a crucial vote in the British parliament over the U.K.'s plans to leave the European Union.
LONDON (AP) — Stock markets around the world drifted lower Monday after China reported a slowdown in exports dented the recent upturn in confidence. The British pound was steady ahead of a tumultuous week in British politics with lawmakers expected to vote against Prime Minister Theresa May's Brexit deal.
While Japan is closed for a holiday, key equity markets retreated across the rest of the region, led by declines in Hong Kong and Shenzhen after China released disappointing December trade data and warned of weaker trade growth this year due largely to external uncertainty. It didn’t help that the U.S. government shutdown is showing no sign of ending and S&P 500 Index futures fell as much as 0.9 percent. The MSCI Asia Pacific ex-Japan Index fell 0.9 percent as of 5:05 p.m. in Singapore, the most since the first day of trading this year, as Taiwan, South Korea and other markets also declined.
(Bloomberg) -- Shares in Hong Kong and Shanghai fell and the yuan declined as China’s weakest trade data since 2016 fueled concern about the impact of a dispute with the U.S. and slowing economy.
BANGKOK (AP) — Shares were lower in Asia on Monday, extending the latest losses on Wall Street, as China reported a slowdown in exports.
Asia Pacific markets started off the trading week mostly on the back foot as major indexes in South Korea, China, Hong Kong and Singapore tumbled. Investors reacted to Chinese government data, which revealed China's December exports and imports fell unexpectedly.
It’s a big week ahead, with the Brexit vote on Tuesday and a mass of data to give further direction on the global economy, as earnings season kicks off.
A five-session winning streak for global stocks ran out of steam as participants took a more cautious stance ahead of the weekend and the start of the US quarterly earnings season next week. “Although stock markets have mostly dismissed the shutdown as having little relevance for trading, Federal Reserve chairman Jerome Powell has warned that a prolonged US government shutdown could start taking a toll on the country’s economic growth,” said Fiona Cincotta, senior market analyst at City Index.
Equities edged higher in early Asia-Pacific trading on Friday but investors showed relatively muted excitement over fresh signs of progress in the trade negotiations between the US and China. US Treasury ...
Speaking at the Economic Club in Washington, Mr. Powell said the economy is on solid footing and there are few signs a recession is imminent, but the Federal Reserve isn’t committed to a set course of rate increases, echoing a more market-friendly tone the central bank has taken since a punishing fourth-quarter selloff nearly upended the long-running bull market. The Fed is open to quickly altering its pace, especially with inflation remaining subdued, he said. “We are in a place where we can be patient and flexible and see what does evolve,” added Mr. Powell.
Treasury yields advanced with the dollar, and West Texas crude continued its bull market surge past $52 a barrel. The S&P 500 Index rallied as gains in utilities, industrials and real estate shares overwhelmed weakness in retailers sparked by concerns about a sales slowdown and fears about the potential consequences of the ongoing partial government shutdown. Alcohol distributor Constellation Brands Inc. rebounded from Wednesday’s decline to lead the benchmark on positive comments from analysts at Goldman Sachs Group Inc. and Guggenheim Securities.
The average 12-month target on drugmakers is 36 percent higher than their share price, according to data compiled by Bloomberg as of Wednesday. The disparity grew in December, when $46 billion was wiped from health-care stocks as China changed its drug procurement policy in a bid to drive down prices.
With a light economic calendar for the day ahead, Brexit debate and the ECB monetary policy meeting minutes will be in focus.
Official Chinese inflation data for December, released at the same time as market open in China, came in below expectations.
“I’m happy to see that there was caution in the minutes because it means that the market didn’t mug the Fed,” Alicia Levine, chief strategist at BNY Mellon Investment Management chief strategist, said on Bloomberg TV. Stocks surged as the minutes were released, but they quickly retreated as President Donald Trump emerged from a meeting with Senate Republicans. Trump said the GOP was “very unified” behind his plan to keep the government closed until he gets funding to build a wall along the Mexican border, which is at the center of the dispute.
Stocks rose as trade optimism and oil prices drove the Dow Jones industrials to an early lead Wednesday, but the rally faced a key technical test.
Global stocks extend gains, with markets around the world rising past three week highs, as an extra day in U.S.-China trade talks adds to speculation the two sides are nearing a deal. Stocks and bond yields continue to defy growth concerns even as World Bank trims global GDP forecast and cautions on "bumper ride" in 2019. U.S. crude tops $50 a barrel, extending recent gains to nearly 20%, as a weaker dollar, trade talk progress and OPEC cuts combine to take commodity markets higher.
US equity futures indicated a broadly higher open in the early Wednesday pre-market session. The move was driven by optimism a trade deal would soon be reached that both China and the US could agree on, and also expectations for the upcoming earnings season. Later in the day, the FOMC minutes will be released.
FT subscribers can click here to receive Market Forces every day by email. between US and Chinese officials in Beijing have concluded and there are signs of progress. A US statement said officials will report back to the White House.
Hong Kong’s benchmark Hang Seng Index and the Philippine Stock Exchange Index both climbed more than 2 percent each to lead the charge, as Japan, South Korea, Taiwan and others also rose. The MSCI Asia Pacific Index was up 1.3 percent as of 5:14 p.m. in Hong Kong, making its five-day winning streak its biggest gain since early November.
Car companies and home appliance makers led the charge, with Great Wall Motor Co. top of the pile on the CSI 300 Index as it surged by the 10 percent daily trading limit. Geely Automobile Holdings Ltd. was the best performer on Hong Kong’s Hang Seng Index, climbing as much as 11 percent, its biggest jump in two months. Qingdao Haier Co. and Midea Group Co. both advanced more than 5.5 percent in Shanghai and Shenzhen.