^HSI - HANG SENG INDEX
| Previous Close | 28,202.14 |
| Open | 28,308.85 |
| Volume | 0 |
| Day's Range | 28,258.02 - 28,563.08 |
| 52 Week Range | 24,540.63 - 30,280.12 |
| Avg. Volume | 1,936,243,480 |
- Financial Times•13 hours ago
S&P 500 closes at record high after doves fly at central banks
US equities closed at a record high on Thursday as the series of dovish turns by central banks continued to drive the rally in global markets. The US benchmark S&P 500 finished 0.9 per cent higher at 2,954.18, besting the previous peak on April 30 by about 8 points. Jim Tierney, chief investment officer of AllianceBernstein’s concentrated US growth equities fund, said the S&P 500 record reflected the Fed’s dovish tilt ahead of the G20 meeting where the US and Chinese president will discuss a trade deal.
- FX Empire•15 hours ago
Asian Shares Up on Rate Cut Expectations, Trade Deal Hopes
After presenting a plethora of data and projections, Fed Chair Jerome Powell held a press conference. It was at this press conference that he opened the door to the possibility of a rate cut as soon as July. He said, “Many participants now see the case for somewhat more accommodative policy has strengthened.”
- Financial Times•yesterday
Wall Street rallies as Fed signals possible rate cut
US stocks and government bonds climbed on Wednesday after the Federal Reserve adopted a more dovish stance on interest rates, a day after a signal of more potential stimulus from the European Central Bank sparked one of the strongest global rallies of the year. The Fed left rates unchanged following its two-day policy meeting but now forecasts a rate cut in 2020, saying it would monitor incoming data and “act as appropriate to sustain the expansion”. Candice Bangsund, vice-president and portfolio manager at Fiera Capital, said the Fed “placated the doves” by adopting an increasingly cautious stance amid trade tensions and ahead of next week’s planned meeting between President Donald Trump and his Chinese counterpart, Xi Jinping.
- FX Empire•yesterday
Asian Stocks Higher on Wall Street’s Lead Ahead of Fed Decisions
“The news on the talks in Osaka is a short term positive for asset markets, but we believe any talks will change little unless either side makes some meaningful concessions, which we do not view as likely at this time,” Pang added. While there is only a 20% chance of a rate cut in June, traders want to hear the Fed is leaning to its first cut in 10 years in July. If this isn’t stated clearly then the markets could weaken.
- Financial Times•yesterday
Asia equities boosted by news of Trump-Xi meeting at G20
his Chinese counterpart Xi Jinping at the G20 summit later this month reignited hopes that trade talks could get back on track. Mr Trump said on Twitter on Tuesday that he had a “very good” phone conversation with Mr Xi and that their respective teams would begin talks ahead of the meeting in Osaka. Up until Mr Trump’s comments, the White House had not confirmed whether the two leaders would meet separately from the group setting.
- MarketWatch•2 days ago
S&P 500 ends within 1% of record ahead of pivotal Fed meeting
The Dow and S&P 500 on Tuesday finish at their highest levels in about six weeks ahead of a key Federal Reserve decision, as President Donald Trump tweeted that he had a productive conversation with Chinese counterpart Xi Jinping.
- Investor's Business Daily•2 days ago
Chip Stocks Drive Nasdaq Rally; Caterpillar, Apple Hoist Dow Jones Industrial Average
Facebook, Beyond Meat and Cisco were early risers Tuesday, as stocks bolted higher and the Dow Jones Industrial Average added to its strong June advance.
- FX Empire•2 days ago
Asia Stocks Mixed; Aussie Shares Up as RBA Minutes Confirm Further Easing
Australian shares are moving higher on Tuesday after the Reserve Bank of Australia (RBA) said further easing was likely. However, investors are largely targeting defensive sectors ahead of the two-day Fed meeting.
- TheStreet.com•3 days ago
Alibaba Listing Would Brighten a Hong Kong Darkened by Mainland's Clouds
Hong Kong stocks breathed a little life on Monday. It would likely be one of the top three stock offerings in Hong Kong's history. The city is exhausted after more than a month of protests that have finally forced the postponement of an extremely unpopular proposed law to allow suspects to be sent from Hong Kong to China for trial.
- FX Empire•3 days ago
Futures Up With FOMC In Focus, Geopolitical Risks Mount, Markets Brace For More Tariffs
Global markets are mixed as geopolitical tensions mounts, Trump prepares to hike tariffs, and the FOMC meeting comes into sharp focus.
- Reuters•3 days ago
GLOBAL MARKETS-Stocks, dollar hold gains with all eyes on Fed meeting
Share markets couldn't add to recent gains and government bond yields inched fractionally higher on Monday, as investors hunkered down for what is shaping up to be a crucial week for global monetary policy. It could also restart the quantitative easing programme it wound down at the end of last year.
- Financial Times•3 days ago
US stocks drift higher as investors eye central bank meetings
Wall Street drifted higher following cautious trade across global markets, as investors kept their sights on a string of central bank meetings coming later this week. Brent crude came off a two-session rally after an attack on two oil tankers near the Straits of Hormuz stoked worries about potential supply disruption.
- Reuters•3 days ago
GLOBAL MARKETS-Asian shares wobble amid trade, geopolitical tensions; focus on Fed meeting
Asian shares wobbled near one-week lows on Monday as investors turned cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk appetite in check. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed by early afternoon, after opening slightly weaker.
- Reuters•3 days ago
Ping An's OneConnect leaning towards New York over Hong Kong for IPO - sources
Ping An Insurance's OneConnect financial technology unit is leaning toward picking New York over Hong Kong for its initial public offering (IPO) in the hope of achieving a higher valuation, three people with direct knowledge of the matter said. Ping An Insurance Group Co of China Ltd, China's biggest insurer by market value, had been planning a Hong Kong IPO of the unit since the beginning of the year in a deal that could raise up to $1 billion. The insurer is now seeking to list OneConnect in New York as early as in September, said one of the people, who were not authorised to speak to media and so declined to be identified.
- Market Realist•6 days ago
Hang Seng Falls on China Worries, Nikkei and Sony Surge
China’s growth worries haunted global markets today but the tremors were strongest closer to the mainland, in Hong Kong.
- MarketWatch•6 days ago
Bond king Jeffrey Gundlach bets on gold and rings alarm bell on potential U.S. recession
Bond king Jeffrey Gundlach has predicted a 40% to 50% chance of a U.S. recession within the next six months and a 65% chance of that happening in the next 12 months, in a webcast to clients late Thursday
- FX Empire•6 days ago
Tech Tanks, Tensions Rise In Middle East, China Data Disappoints The Market
Global markets are moving lower with chip stocks and tech in the lead. Weaker than expected data in China weighs on sentiment.
- Financial Times•6 days ago
Hong Kong stocks end turbulent week on downbeat note
In afternoon trading the index fell 0.7 per cent, adding to Wednesday and Thursday’s declines after the city was rocked by mass political demonstrations against a proposed bill that could see some criminal suspects extradited to mainland China for trial.
Bloomberg•7 days agoStocks in U.S. Climb With Treasuries; Oil Gains: Markets Wrap
Oil rallied on escalating Middle East tensions. The S&P 500 Index reached a five-week high as a surprise increase in U.S. jobless claims supported the idea the Federal Reserve may take a dovish turn. The Stoxx Europe 600 Index had opened in the red following declines across Asia, but reversed course to post a small advance.
- MarketWatch•7 days ago
Trump’s trade war has cost the market trillions; we’ll get half back, says JPMorgan
The summer months are so far delivering a lot of news for investors, and a lot of stress. Why not head to the beaches? J.P. Morgan’s quant superstar says stick it out, because this too shall pass.
- Investor's Business Daily•7 days ago
Stocks Trim Gains: Oil Prices Jump, Disney Gets Price Target Hike
Lululemon Athletica and Tyson were early leaders Thursday as oil prices and earnings lifted stocks, and the stock market rally aimed for a rebound.
- FX Empire•7 days ago
Equities Snap Two-Day Losing Streak, Oil Leads Market After Tanker Incident, Trade Is Still In Focus
Global equities rebound, snapping a two-day losing streak as the June rally resumes its upward trajectory.
- Market Realist•7 days ago
Hang Seng Ends Flat after Protests and Nikkei 225 Slides Again
Hong Kong’s Hang Seng Index opened lower today and fell sharply in early trade in response to the political situation in the city. As life started getting back to normal in Hong Kong, the bulls returned and the index maintained upward momentum. The Hang Seng closed almost flat at the end of the session.
- Bloomberg•7 days ago
Hong Kong’s Financial Elite Grow Uneasy as China Tensions Rise
As police fired tear gas and rubber bullets at charging protesters in the central business district on Wednesday, conversations in the skyscrapers above turned to the potential fallout from an extradition bill that critics warn will erode Hong Kong’s prized judicial independence from China. “People could feel the tear gas and pepper spray on the way home,” said the banker, who like several others quoted in this story asked not to be identified discussing a politically charged subject. For international companies that maintain regional headquarters and employ thousands of workers in Hong Kong, the question is whether rising political risks could ultimately threaten the former British colony’s appeal as a gateway to China.
- Yahoo Finance Video•7 days ago
Trump is to blame for strong dollar: Capital Economics
President Trump renewed his attack on the Fed this week, complaining that the U.S. dollar is at a disadvantage compared with other major currencies like the euro. Ann Berry, Partner at Cornell Capital, joins Seana Smith on 'The Ticker' to discuss currency outlook amid market uncertainty.
