|Day's Range||21,320.72 - 21,631.47|
|52 Week Range||20,347.49 - 24,448.07|
Industrial shares led the S&P 500 Index higher following gains in Europe and Asia after the chief financial officer of Huawei Technologies Co. was granted bail and President Donald Trump said he’d consider intervening in the case if it helps get a trade deal with China.
ABB has been in talks with Hitachi, Mitsubishi Electric Corp and State Grid of China [STGRD.UL] 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.
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.
NEW YORK (AP) — U.S. stocks careened between big gains and losses on Tuesday before indexes ended the day mixed, the latest dizzying run for a market that's been dominated by them in recent months.
Global stocks rally higher as investors react cautiously to news of progress in U.S.-China trade talks but remain unsettled by political uncertainty in Europe. Huawei CFO Meng Wanzhou faces a third day of bail hearings in Vancouver as U.S. authorities seek her extradition on sanctions violation charges.
While news that top Chinese and American trade officials talked over the phone helped the region’s shares almost erase early Tuesday losses, the MSCI Asia Pacific Index soon headed back in the red. There’s been a deluge of bad news in recent days -- from the unsolved case about the arrest of Huawei Technologies Co.’s chief financial officer to the surprise exit of India’s central-bank governor on Monday evening -- and the optimism seen after the 90-day trade truce between the U.S. and China is far gone. Since Dec. 3, Asian stock markets have already lost more than $1 trillion in market value, with the regional gauge trading at a six-week low.
Investing.com - Asian markets gained in afternoon trade on Tuesday, with Apple (NASDAQ:AAPL) suppliers outperforming after the U.S. tech giant filed an appeal to overturn a sales ban in China of some of its iPhones, CNBC reported.
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
Chinese stock benchmarks rose in a mixed session for Asia, with mainland equities perhaps helped by the latest trade headlines.
Japan's Nikkei closed at nearly nine-month lows on Tuesday as worries about global growth pressured financial and cyclical stocks, while uncertainty over a U.S.-Japan trade deal hit automakers. The Nikkei ...
Investing.com - Asian markets were mixed in morning trade on Tuesday amid reports that China and the U.S. are preparing next stage of trade talks.
The country's ruling Bharatiya Janata Party was also trailing in vote count in three big heartland states in a setback for prime minister Narendra Modi. Disappointing data from major economies including China and Japan have also fanned worries about corporate earnings and factory output, with the Sino-U.S. trade battle clouding the outlook for world growth. "The end game is nigh for Brexit.
Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. Chinese Vice Premier Liu He spoke with U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer on Tuesday, exchanging views on pushing forward the next stage of trade talks, China's Commerce Ministry said.
Japan's Nikkei bounced around on Tuesday morning, but was mostly in the red as worries about global growth pressured financial stocks and uncertainty over a U.S.-Japan trade deal hit automakers. The Nikkei ...