|Day's Range||23,360.01 - 23,544.31|
|52 Week Range||18,948.58 - 23,608.06|
(Bloomberg) -- U.S. equity futures edged down alongside European stocks as investors prepared for a week brimming with potential catalysts, from central bank meetings to the looming America-China tariff deadline. Treasuries and most government bonds advanced.Contracts on the main U.S. equity gauges all pointed to a soft start on Wall Street as traders await news on whether Washington will go ahead with a planned Dec. 15 tariff hike on Chinese imports. The Stoxx Europe 600 Index fluctuated before turning lower, with falling energy companies outweighing rising miners and retailers. Stock indexes posted modest increases in Tokyo and Seoul, though gains mostly fizzled in Hong Kong and Shanghai.The pound edged upward as polls continued to show the U.K. Conservative Party on course to win a majority in Thursday’s election, which would likely mean Britain leaving the European Union by Jan. 31. Gold and the yen were also slightly higher.With time running out for the U.S. and China to reach a deal that would ward off an escalation in tariffs, markets will be watching closely for any signs of progress. White House economic adviser Larry Kudlow said Friday the two sides are haggling over the amount of American farm products Beijing is willing to purchase. Data showed China’s exports fell 1.1% in November, with those to the U.S. tumbling 23%, underscoring why the Asian nation may want to resolve the dispute.“There’s no upside risks on the horizon,” Katrina Ell, an economist at Moody’s Analytics, said on Bloomberg TV. “It is weighted to the downside and that big downside risk is coming from the trade war.”Also in focus for investors this week will be central banks, with policy meetings at the Federal Reserve and the European Central Bank that may offer clues on whether more monetary easing is in store in 2020.Elsewhere, oil slipped, trimming last week’s rally spurred by Saudi Arabia promising significant additional production cuts beyond what was agreed with fellow OPEC+ members.Here are some key events to watch this week:The Federal Reserve decides on interest rates on Wednesday, followed by a press briefing from Chairman Jerome Powell.China reports on inflation Tuesday, and data on credit growth is due at some point in the coming weekThe next European Central Bank policy decision is on Thursday.The U.K. holds a general election Thursday.These are some of the main moves in markets:StocksFutures on the S&P 500 Index decreased 0.1% as of 8:32 a.m. New York time.The Stoxx Europe 600 Index dipped 0.2%.The MSCI Asia Pacific Index advanced 0.3%.The MSCI Emerging Market Index gained 0.3%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro jumped 0.1% to $1.1071.The British pound advanced 0.1% to $1.3151.The onshore yuan declined 0.1% to 7.04 per dollar.The Japanese yen increased 0.1% to 108.52 per dollar.BondsThe yield on 10-year Treasuries declined one basis point to 1.82%.The yield on two-year Treasuries increased one basis point to 1.62%.Germany’s 10-year yield sank two basis points to -0.31%.Britain’s 10-year yield fell two basis points to 0.755%.Japan’s 10-year yield climbed less than one basis point to -0.002%.CommoditiesWest Texas Intermediate crude fell 1% to $58.61 a barrel.Iron ore climbed 0.1% to $91.99 per metric ton.Gold increased 0.2% to $1,462.49 an ounce.What’s your 2020 vision? Terminal users are invited to join the Markets Live blog’s survey.\--With assistance from Sybilla Gross, Brandon Kochkodin and Andreea Papuc.To contact the reporter on this story: Sam Potter in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Sam Potter at email@example.com, Yakob PeterseilFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It’s beginning to feel a lot like Christmas. Which is to say it’s a quiet mid-December morning—the stock market ticking lower, but not by enough that anyone would really notice.
European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday's strong U.S. jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on Wednesday and new European Central Bank chief Christine Lagarde holds her first policy meeting on Thursday, which will also see a parliamentary election in Britain, with the results due on Friday.
Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data, although regional gains were capped by concerns about China's economic slowdown due to the prolonged Sino-U.S. trade war. Japan's benchmark Nikkei added 0.33% while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.27%.
Japanese shares rose on Monday following robust U.S. jobs data, although gains were limited on concerns about Chinese economy and as the deadline for U.S. tariffs on Chinese goods nears. The Nikkei 225 index ended Monday up 0.33% at 23,430.70, with consumer discretionary and industrial sectors leading gains. The focus shifts to the Dec. 15 deadline when U.S. tariffs on Chinese goods take effect, unless the two sides reach a compromise.
Asian stock markets were mostly higher Monday with investors cheered by a late-week buying mood on Wall Street after a surprisingly strong U.S. jobs report drove the Dow industrials to the best performance in two months.
China’s exports in November shrank for the fourth consecutive month, underscoring persistent pressures on manufacturers from the Sino-U.S. trade war but growth in imports may be a sign that Beijing’s stimulus steps are helping to stoke demand. Top White House economic adviser Larry Kudlow said on Friday that a December 15 deadline is still in place to impose a new round of U.S. tariffs on some $156 billion of China’s remaining exports to the United States.
Wall Street futures slip lower as investors gather themselves for a big week of global event risks including two central bank decisions and a make-or-break U.K. general election.
Global equity markets were in a sombre mood on Monday after Chinese export data highlighted the economic damage from the 17-month long trade war and re-focused attention on a crucial Dec. 15 tariff deadline. Several big events are due this week: The Federal Reserve meets on Wednesday, and new European Central Bank chief Christine Lagarde holds her first policy meeting on Thursday, the same day as Britain's parliamentary election.
Global equity markets were in a somber mood on Monday after Chinese export data highlighted the economic damage from the 17-month long trade war and re-focused attention on a crucial Dec. 15 tariff deadline. Several big events are due this week: The Federal Reserve meets on Wednesday, and new European Central Bank chief Christine Lagarde holds her first policy meeting on Thursday, the same day as Britain's parliamentary election.
China is ramping up recruitment of Taiwanese talent in semiconductors, attracting top executives and engineers alike to bolster an industry that the US trade war has shown to be a Chinese Achilles heel. The aggressive campaign has sparked concerns about a brain drain in Taiwan’s chip industry, which is struggling to compete with generous offers by cash-rich mainland companies. One man in his 50s left a longtime job at a leading Taiwanese semiconductor maker a year ago for a position on the mainland.
Stocks in major Asian markets saw gains on the first trading day of December as Chinese factory activity presented a positive surprise in November.
(Bloomberg) -- Stocks rallied around the globe and Treasuries fell as better-than-expected data bolstered confidence in the world’s largest economy.The S&P 500 Index extended its advance into a third day after reports showed payrolls jumped 266,000 -- the most since January -- as wages beat estimates while consumer sentiment increased. Energy, financial and industrial shares led gains in the equity gauge, which posted its biggest rally in five weeks. The dollar rose, and Treasury 10-year yields traded above 1.8%. Oil surged.Investors pushed up the value of risk assets on the assumption that the American economy isn’t close to signaling a recession -- a fear that’s been lurking amid a trade war. While negotiators are near phase one of a broader accord and “progress has been made,” they haven’t yet put anything in writing, said White House economic adviser Larry Kudlow. Strong economic reports may reduce the urgency for a deal, given that escalating levies have failed to significantly dent growth. They also validate Federal Reserve Chairman Jerome Powell’s view that rates can stay on hold after three cuts.“For the equity market, it provides some encouragement that the U.S. is certainly not heading for a hard landing,” said James McCann, senior global economist at Aberdeen Standard Investments. “As we head into next year, the prospect for earnings still remains pretty healthy based on a still well-supported consumer backdrop.”Read: Wall Street Scraps Recession Assumptions After Robust Jobs DataStocks got whipsawed this week on conflicting signs of progress in trade negotiations between the world’s two largest economies. China said Friday it’s in the process of waiving retaliatory tariffs on imports of U.S. pork and soy by domestic companies -- a procedural step that may also signal a broader trade agreement is drawing closer. President Donald Trump has threatened to impose tariffs on Chinese imports if an accord isn’t reached by Dec. 15, which Kudlow said could still happen.Elsewhere, oil climbed as Saudi Arabia surprised the market by promising significant additional production cuts beyond what was agreed with fellow OPEC+ members. The euro fell after data showed Germany’s industrial slump unexpectedly deepened in October.Some corporate highlights:Apple Inc. jumped to a record high.Big Lots Inc. soared on its bullish view for next year.Ulta Beauty Inc. surged after delivering what analysts called “better-than-feared” results.Ciena Corp. tumbled after UBS recommended selling the stock ahead of next week’s earnings.These are some of the main moves in markets:StocksThe S&P 500 climbed 0.9% to 3,145.90 at 4 p.m. New York time.The Stoxx Europe 600 Index increased 1.2%.The MSCI Asia Pacific Index rose 0.5%.CurrenciesThe Bloomberg Dollar Spot Index added 0.1%.The euro dipped 0.4% to $1.106.The Japanese yen appreciated 0.2% to 108.57 per dollar.BondsThe yield on 10-year Treasuries rose three basis points to 1.84%.Germany’s 10-year yield climbed one basis point to -0.29%.Britain’s 10-year yield fell less than one basis point to 0.772%.CommoditiesThe Bloomberg Commodity Index climbed 0.2%.West Texas Intermediate crude climbed to $59.20 a barrel.Gold declined 1.2% to $1,465.10 an ounce.\--With assistance from Cormac Mullen, Eddie van der Walt, Sam Potter and Yakob Peterseil.To contact the reporters on this story: Rita Nazareth in New York at firstname.lastname@example.org;Vildana Hajric in New York at email@example.comTo contact the editors responsible for this story: Jeremy Herron at firstname.lastname@example.org, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Japanese shares closed higher on Friday, a day after its government approved a 26 trillion yen ($239.32 billion) stimulus package to support growth, with the focus shifting to U.S. jobs data that will be out later in the day. The Nikkei index ended up 0.23% to 23,354.40, buoyed by gains in industrial and financial sectors. The stimulus package is expected to push up GDP by 1.4% through fiscal 2021 and comes as Japan, like other major economies, looks to revive growth through spending as central banks rapidly run out of monetary policy options.
The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement over the size of China’s agricultural purchases. Meanwhile, China has given little indication on how negotiations with the U.S. are progressing.
Asian markets gained in early trading Friday after a senior Chinese official said negotiations for a phase-one trade deal with the U.S. are progressing.
The dollar rose and global equity markets rallied on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest fears of recession and briefly taking the spotlight off the U.S.-China trade talks. U.S. Treasury and German bund yields jumped, while gold slipped as much as 1%, reflecting increased investor appetite for risk. The stronger-than-expected Labor Department data showed steady wage gains and the unemployment rate falling to 3.5%, suggesting consumers will continue to drive the longest economic expansion in U.S. history, now in its 11th year.
Japanese Finance Minister Taro Aso said on Friday he did not believe the central bank's negative interest rate policy was behind a megabank's decision to consider implementing fees on some banking services. Aso made the comment after Mitsubishi UFJ Financial Group (MUFG) confirmed it was weighing such a move, following a report in the Nikkei business daily that the bank was considering fees on dormant accounts and other services. Years of the central bank's heavy money printing have failed to fire up inflation and crushed long-term interest rates near zero, drawing criticism from financial institutions for narrowing their margins and hurting their profits.
Japanese shares rose on Friday, a day after its government approved a 26 trillion yen stimulus package to support growth and shield the economy from risks posed by a slowdown overseas. At 0151 GMT the Nikkei index rose 0.32% to 23,375.02, led by gains in the industrial sector and the financial sector. There were 159 advancers on the Nikkei index against 57 on Friday.
The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury yields rose, while gold slipped more than 1%, reflecting a rebound in investor appetite for risk as U.S. unemployment dipped to 3.5%, the lowest in nearly half a century. Stocks on Wall Street neared record highs, with the benchmark S&P 500 closing within 0.24% of its peak set nine days ago.
Investors are filled with holiday cheer Thursday morning. Global stock markets are, for the most part, higher. Earnings have some U.S. stocks moving. At Home cratered after cutting guidance, but Slack is rising after a solid earnings report.
TOKYO/HONG KONG, Dec 5 (Reuters) - Stock markets in Asia inched up on Thursday on the possibility that China and the United States may soon seal a "phase one" deal to end their 17-month trade war, but conflicting messages from U.S. President Donald Trump kept a lid on the advance. European shares are set to follow with a slightly firmer open, with the pan-regional Euro Stoxx 50 futures and London's FTSE futures rising 0.1% in early trade.
Asian shares were rising Thursday amid renewed hopes a U.S. trade deal with China may be nearing, despite tough recent talk from President Donald Trump.