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World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week's fresh U.S. and Chinese tariffs on imports as less harsh than initially feared. Larry Fink, chief executive of BlackRock Inc (BLK.N), the world's largest asset manager, said the United States was "a big winner" in the trade spat with China "in the short term," though not necessarily over time. The Dow industrials became the last key U.S. stock index to regain record territory, while the benchmark S&P 500 set a fresh record high.
World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week's fresh U.S. and Chinese tariffs on imports as less harsh than initially feared. Larry Fink, chief executive of BlackRock Inc, the world's largest asset manager, said the United States was "a big winner" in the trade spat with China "in the short term," though not necessarily over time. The Dow industrials became the last key U.S. stock index to regain record territory, while the benchmark S&P 500 set a fresh record high.
Global stocks gain with benchmarks edging higher but casting a keen eye across oil and government bond markets as the trade war headline cycle goes quite. Oil prices should support early gains for the Dow, with futures pointing to a 150-point opening bell gain, with the S&P 500 and the Nasdaq rising firmly from last night's close.
SINGAPORE (AP) — European markets climbed Thursday following a mixed day in Asia, buoyed by hopes the U.S. and China will proceed with talks to tackle their escalating trade dispute.
Asian stock markets mostly rose Thursday as investors set aside trade concerns, for now, to focus on tech-share and financial-stock moves.
Investing.com - Asian stocks reversed early gains and turned negative in afternoon trade on Thursday.
There are no major U.S. reports scheduled but the sum of the minor reports could have an impact on the stock market price action. First up at 1230 GMT is the Philly Fed Manufacturing Index. It is expected to come in at 17.5, up from the previously reported 11.9. Weekly Unemployment Claims are expected to hold steady at 210K, up slightly from 204K. The Conference Board’s Leading Index is expected to have risen 0.5%, down slightly from 0.6%. Finally, Existing Home Sales are expected to have risen 5.36M, up marginally from 5.34M.
In the Asian markets, it seems that the recovery rally has exhausted. After two days of growth, Asian markets mixed, returning to the levels of the end of last week. Global stocks mostly higher.
Investing.com - Asian stocks were mostly higher in morning trade on Thursday, following a second day of gains on Wall Street as traders expected the impact of the U.S.-China trade war would be smaller than previously feared.
Impressive 2nd GDP numbers drive the Kiwi, with Brexit and retail sales numbers putting the Pound in the spotlight.
Japan's Nikkei share average inched up on Thursday as financial shares extended their rise, although advances were limited as market momentum slowed after several days of big gains. The Nikkei was up 0.23 ...
On Wednesday, Chinese Premier Li Keqiang said his country was currently facing "greater difficulties" in keeping its economy stable. Li, however, insisted that China was comfortable with its economic situation. Following Li's comments, Alibaba Founder and Chairman Jack Ma said his company no longer had plans to bring 1 million jobs to the U.S.
By Herbert Lash NEW YORK (Reuters) - World stock markets rallied for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows on bets ...
SINGAPORE (AP) — Asian markets were mostly higher on Thursday with narrow trading after news of a fresh round of tariffs by the U.S. on $200 billion in Chinese goods received a muted reaction on Wall Street.
Risk appetite, alongside lingering inflation concerns, lifts 10-year U.S. Treasury yields to a four-month high of 3.07%: data shows China's holdings slip to a seven-month low in July. Crude prices hold gains amid speculation that OPEC members may not increase production in order to offset the impact of sanctions on the sale of Iranian crude. U.S. stocks futures suggest more gains for Wall Street today, with contracts tied to the Dow indicating a 58-point rise at the opening bell.
Asian stocks rose Wednesday, as Japan’s leading index got a boost from added gains for dollar-yen and bond yields, and as Chinese stock markets largely shrugged off new tariffs.
Investing.com - Asian equities extended rally in afternoon trade on Wednesday as markets continued to recover from trade war fears.
Japan's Nikkei extended its gains to near eight-month highs on Wednesday as investors took heart from a strong performance in Wall Street despite lingering trade war concerns, with financial stocks rallying after U.S. yields jumped. The broader Topix also notched a new milestone, rising 1.5 percent to hit more than a three-month high of 1,785.66. While foreign investors have been net sellers of Japanese stocks to the tune of 7.5 trillion yen so far this year, there are some bright spots, analysts said.
Asian stocks rose across the board on Wednesday as expectations that Beijing would implement stimulus to soften the economic blow from the Sino-U.S. trade war helped Chinese shares rally. Spreadbetters expected European stocks to follow Asia's lead and open higher, with Britain's FTSE rising 0.15 percent, Germany's DAX adding 0.2 percent and France's CAC gaining 0.2 percent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.95 percent.
Investing.com - Asian stocks rose in morning trade on Wednesday as investors shrugged off intensifying U.S.-China trade dispute.
TOKYO (AP) — Asian shares were mostly higher Wednesday, despite jitters over the escalating trade dispute between the U.S. and China.