|Day's Range||21,542.03 - 21,713.26|
|52 Week Range||18,948.58 - 24,448.07|
Stocks around the world fell and U.S. Treasuries yields sent warning signals for a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown. After weak U.S. manufacturing and services data, U.S. Treasury 10-year note yields sank below three-month Treasury bill yields for the first time since 2007. Investors fled from riskier bets as a yield curve inversion is seen as a leading recession indicator.
Sovereign bonds in Europe quickly reversed earlier losses and the euro erased a modest gain. Hours before the 10-year yield tumbled in Germany, its counterpart in Japan fell to the lowest since 2016, New Zealand’s dropped below 2 percent for the first time and Australia’s was approaching an all-time low, as the world’s major central banks wound up another week showing they can’t yet tighten policy.
LONDON/TOKYO (Reuters) - Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. In Japan, manufacturing output shrank the most in almost three years, hurt by China's economic slowdown.
SINGAPORE (AP) — Stocks fell sharply in Europe on Friday after surveys showed manufacturing in the region slowed in March and amid news that the European Union offered only a brief extension to the Brexit deadline. U.S. markets also appeared headed for a lower open.
Stocks slide after European manufacturing PMI falls to lowest level since 2013, while a new orders index hits a 2012 trough, as trade disputes hammer exports in the world's biggest economic bloc. US Treasury Department sanctions on two Chinese shipping firms accused of helping North Korea evade restrictions on its nuclear weapons program rattle nerves ahead of next week's trade talks. U.K. Prime Minister Theresa May given two-week reprieve to win support for her twice defeated Brexit deal, raising the stakes of Britain's exit even higher heading into April.
Global stocks edge higher following last night's tech-lead rally on Wall Street, although gains were capped by concerns for the strength of the world economy. US Treasury Department sanctions on two Chinese shipping firms accused of helping North Korea evade restrictions on its nuclear weapons program rattle nerves ahead of next week's trade talks. U.K. Prime Minister Theresa May given two-week reprieve to win support for her twice defeated Brexit deal, raising the stakes of Britain's exit even higher heading into April.
The price action suggests traders will need a few more days and sessions to interpret the recent change in Fed positioning and to absorb the further developments with regard to trade and geo-political factors,
Japan's Nikkei ended little changed on Friday as chip-related stocks offset weakness in financial stocks and drugmakers, which tumbled after Eisai said it will end its Alzheimer drug trials. Advantest Corp soared 6.2 percent and Tokyo Electron surged 5.2 percent. "The U.S. tech sector's recovery is indicating that growth stocks are making a come back," said Norihiro Fujito, a chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
Asian markets were mixed in early trading Friday, as investors pondered the effects of the U.S. Federal Reserve’s more dovish stance.
Japan's Nikkei fell in choppy trade on Friday as financial stocks languished, reflecting more cautious U.S. monetary policy, while the drug sector tumbled after Eisai and Biogen said they will end their Alzheimer's drug trials. Financial stocks faced a sell-off after the spread between the three-month Treasury bill yield and the 10-year note yield shrank to its narrowest level since August 2007 on Thursday in the wake of the U.S. Federal Reserve's decision to cease tightening monetary policy.
In overnight market action stateside, stocks advanced as investors continued to grapple with the potential implications of a recent U.S. Federal Reserve policy statement. Major Asian stock markets closed little changed on Friday following a roller-coaster session that sent shares oscillating between positive and negative territory as investors grappled with the consequences of a more dovish U.S. Federal Reserve . The broad MSCI Asia ex-Japan index was 0.22 percent higher at 531.26, as of 4:03 p.m. HK/SIN.
Asian markets had a mixed session Thursday after the U.S. Federal Reserve kept interest rates unchanged and indicated there would be no rate hikes for the rest of the year.
Equity market gains, however, were capped by comments from President Donald Trump, who said tariffs on China-made goods could remain in place "for a substantial period of time". Global stocks traded higher Thursday, as asset prices around the world rallied following the U.S. Federal Reserve's decision to remove any prospect of a rate hike this year while warning of slowing economic growth, although gains were capped by comments on China tariffs from President Donald Trump.
Stocks broke early in the day because Trump’s comments confused some traders. These comments were on top of other mixed messages from his administration throughout the negotiations. Essentially, investors were prepared for a dovish Fed, but the news was even more dovish than they were expecting.
Shares were mostly falling in Europe after a lackluster day of trading in Asia and U.S. markets appeared set for a slightly higher open ahead of the Federal Reserve's policy statement. Germany's DAX sank 1.2 percent to 11,644, dragged down by a profit warning by BMW and a court ruling against Bayer's Roundup weed killer. Britain's FTSE 100 was flat at 7,325.
Japan's Nikkei eked out small gains on Wednesday as investors awaited the outcome of a Federal Reserve policy review, while Sony and Nintendo tumbled on news that Google is starting a gaming business. Traders said investors remained cautious before the Fed's policy decision, with many expecting the central bank to reaffirm its dovish stance.
Asian markets were mostly down in lackluster trading early Wednesday, as investors processed mixed signals on U.S.-China trade talks and awaited the Fed’s meeting later in the day.
Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the U.S. Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year. The Federal Reserve, which is wrapping up its two-day policy review later on Wednesday, is expected to lower its policymakers' rate projections from December, when their median expectations were for two rate hikes this year. Since the beginning of year, Fed Chairman Jerome Powell has said the central bank would be patient - interpreted as code word for holding off on a rate hike - on signs of slowing economic growth in the United States and many parts of the world.