|Day's Range||21,675.66 - 21,871.34|
|52 Week Range||20,347.49 - 24,448.07|
The British pound held its advance after U.K. Prime Minister Theresa May survived an attempt to oust her. Futures on the S&P 500 rose as news broke that Chinese importers have bought U.S. soybeans. Earlier, the S&P 500 Index added to rallies in Europe and Asia, though the gains were pared in afternoon trading.
Stocks across Asia were powering ahead for a second straight day in Thursday as investors took a no-news-is-good-news view of the U.S.-China trade talks a day after President Trump said phone exchanges were going well.
Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8 percent, building on early gains made after British Prime Minister Theresa May survived a no-confidence vote. U.S. stock futures (ESc1) rose 0.4 percent, pointing to a firmer opening on Wall Street.
Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8 percent, building on early gains made after British Prime Minister Theresa May survived a no-confidence vote. U.S. stock futures rose 0.4 percent, pointing to a firmer opening on Wall Street.
Japanese shares touched a one-week high on Thursday with sentiment lifted by signs of reduced Sino-U.S. trade tensions, and technology firms got a boost from a rally for U.S. peers. The benchmark Nikkei ...
SoftBank Group Corp plans to replace 4G network equipment from China's Huawei Technologies Co Ltd with hardware from Nokia and Ericsson , Nikkei reported on Thursday, without citing sources. The move comes at a time of heightened scrutiny of Chinese tech firms by the United States and some prominent allies over ties to the Chinese government, driven by concerns they could be used by Beijing for spying.
Investing.com - Asian markets rose in morning trade on Thursday following reports that China is considering postponing some targets of its ambitious plans to dominate high-end technologies, as Beijing tried to ease trade tensions with the U.S.
Japanese shares advanced on Thursday as investors cheered Wall Street's overnight gains, thanks to signs of easing Sino-U.S. trade tensions, with technology firms getting a boost from a rally in their U.S. peers. The benchmark Nikkei share average was up 0.99 percent at 21,817.62 for the second straight day of gains, touching 21,822.54 ealier - its highest since Dec. 5. "The Nikkei is up, but the market is now awaiting a fresh round of incentives to test further highs.
Shares in greater China jumped by mid-day on Thursday as Asian stocks broadly built on the momentum seen on Wall Street overnight. In the U.S., the Dow Jones Industrial Average rose by 0.64 percent, the S&P 500 climbed 0.54 percent to close at 2,651.07, and the Nasdaq Composite jumped nearly 1 percent to 7,098.31.
U.S. stocks couldn't hang on to a big gain Wednesday, but they still finished broadly higher as technology and health care companies rose. Stocks initially rallied after the Wall Street Journal reported that China's government could make changes to its "Made in China 2025" economic development plan. "Any time you get some semblance of good news on trade, you've had this tendency to see a pretty sharp rally," said Liz Ann Sonders, chief investment strategist for Charles Schwab.
The S&P 500 rose 0.5 percent after an afternoon slump that pared its gain by more than half. All rallies are suspect,” said Michael Antonelli, the managing director at Robert W. Baird & Co. The early gains came as signs emerged that trade tensions would ease, first after the arrested Huawei executive was granted bail and then when President Donald Trump suggested he could use his influence to calm that situation as part of a deal with China.
ABB has been in talks with Hitachi, Mitsubishi Electric Corp and State Grid of China to sell all or part of the business, which makes power transformers and electricity substations, Reuters reported in November. "ABB confirms that it is currently in discussions with Hitachi to expand and re-define the existing strategic power grid partnership between the two companies announced in December 2014," the Swiss company said in a statement. Hitachi said in a statement it was discussing the power business with ABB but nothing had been decided.
Indices across Asia surged on signs of thawing trading tensions between the US and China. US markets were up an average 1.0% in early Wednesday pre-opening trading. In the UK new developments in the Brexit dealings have traders wary.
The American stock markets have complex dynamics. It is not the first day that we have seen the sale prevail in the midst of the American session, and often even overlap the positive dynamics within the day.
Japan's Hitachi Ltd is close to agreeing a deal to buy Switzerland based ABB Ltd's power grid business for about 800 billion yen ($7.1 billion), the Nikkei business daily reported on Wednesday. Hitachi's board confirmed a plan to move forward with the deal, which would be the Japanese industrial conglomerate's largest-ever acquisition, the Nikkei reported https://asia.nikkei.com/Business/Business-Deals/Hitachi-nears-deal-worth-up-to-7bn-for-ABB-s-power-grid-business. A Hitachi spokesman said the company did not make any announcement and declined to comment further.
(Bloomberg) -- The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low.
Japan's Nikkei posted its biggest daily gain in more than a month on Wednesday as investors' risk appetite revived on positive developments in Sino-U.S. trade relations. U.S. President Donald Trump said on Tuesday that China was buying a "tremendous amount" of U.S. soybeans and that trade talks with Beijing were under way by telephone, with more meetings likely among U.S. and Chinese officials. The Nikkei share average soared 2.2 percent to 21,602.75 points, its biggest daily percentage gain since early November.
It’s all eyes on the Pound as talks of a vote of no confidence hit the wires ahead of a make or break emergency EU gathering tomorrow.
The major indexes initially jumped more than 1 percent on signs of a softening tone in U.S.-China trade relations. Investors were reacting to a Bloomberg News report which said China is moving toward cutting tariffs on cars made in the U.S. to 15 percent from the current 40 percent. The report went on to say that the proposal has been submitted to the Chinese Cabinet and will be reviewed in the coming days.
Investing.com - Asian stocks rose in morning trade on Wednesday following reports that China would cut tariffs on cars made in the U.S.
Japan's Nikkei rallied on Wednesday morning, recouping some of the losses over the past two days, as investor risk appetite revived on positive developments in Sino-U.S. trade relations. U.S. President Donald Trump said on Tuesday that China was buying a "tremendous amount" of U.S. soybeans and that trade talks with Beijing were already underway by telephone, with more meetings likely among U.S. and Chinese officials. "Some good news in the market triggered a buying opportunity, but it doesn't mean that underlying problems have been resolved yet," said Shusuke Yamada, chief Japan FX and equity strategist at Bank Of America Merrill Lynch.
Prime Minister Sheikh Hasina expects Bangladesh’s rapid economic expansion to pick up further momentum and hit 10 per cent annual growth over the next three years. Speaking in an exclusive interview with the Nikkei Asian Review ahead of the country’s general election on December 30, the 71-year-old leader said her nation would shed its “least developed country” status from 2024. Ms Hasina has overseen almost a decade of consistent economic expansions of about 6 to 7 per cent, with the economy growing 7.86 per cent in real terms in the fiscal year that ended in June.
The gains across Asia followed another volatile trading session on Wall Street amid continued uncertainties surrounding U.S.-China trade relations and the possibility of a government shutdown in Washington. Reports emerged in the U.S. overnight that China was moving to cut import tariffs on cars made in the U.S. from 40 percent to 15 percent — that news boosted auto stocks stateside and in Asia.
The S&P 500 Index started out strong, took a turn down, then recovered from the day’s lows as key Senate leaders signaled a desire to avoid a government shutdown hours after Donald Trump threatened to do so in a spat over funding for his border wall. Carmakers rose as China signaled it may cut tariffs on auto imports, but investors were cautious about a broader deal. U.S. markets have been whipsawed in recent weeks as traders searched Trump’s tweets for clues about the outlook for trade talks, tried to decide if a stock selloff could prompt the Federal Reserve to pare back rate increases and evaluated economic data that signaled a slowdown may be coming.