58.01 0.00 (0.00%)
After hours: 4:48PM EDT
|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||57.74 - 58.06|
|52 Week Range||52.81 - 64.72|
|PE Ratio (TTM)||153.47|
|Expense Ratio (net)||0.49%|
According to a report provided by Markit Economics, the Japan Services PMI rose in June compared to May. It was 51.4 in June compared to 51 in May. It beat the market expectation of 51.2.
The global synchronous economic recovery that powered markets higher seems to be falling apart amid an escalation of trade tensions and discord among allies, causing international markets to tumble. Take Japan. While the S&P 500 has gained 4.5% so far this year, Japan's Topix index has dropped 5.6%.
Japan’s manufacturing PMI (purchasing managers’ index) witnessed a marginal improvement in its manufacturing activity in June compared to May. It stood at 53.0 in June compared to 52.8 in May. The PMI figure didn’t meet the preliminary market estimation of 53.1.
Global trade war concerns are rising. The United States’ imposition of import tariffs on steel and aluminum on March 1 instigated trade war nervousness, and further announcements about tariffs by Donald Trump have escalated concerns, affecting global markets (ACWI).
According to Markit Economics, Japan’s service PMI rose marginally month-over-month in May, to 51 from 52.5. It missed the market expectation of 52.
The historic meeting between U.S. President Donald Trump and North Korean leader Kim Jong-un yielded a peace document that included the denuclearization of North Korea. While on the surface, the broad strokes of the document sound appealing, skepticism still remains as to the lack of details on how the denuclearization process will occur. "I think he liked me and I like him," Trump told Voice of America's Greta Van Susteren in an interview.
The financial markets are fickle ahead of U.S. talks with North Korea on Tuesday in Singapore. At noon Eastern on Monday, The Dow Jones Industrial Average was up 0.1% while the S&P 500 is up 0.34% as speculation remains on how well the meeting goes with U.S. President Donald Trump and North Korean leader Kim Jong-un. ETFs concentrated in Southeast Asia are also undecided as iShares China Large-Cap ETF (FXI) is down 0.21%, iShares MSCI Japan ETF (EWJ) is up 0.40% and iShares MSCI South Korea Index Fund ETF (EWY) is up 0.53%.
After breaking the four-week gaining streak last week, China’s Shanghai Composite Index started this week on a weaker note and declined in the first three trading days. However, the Shanghai Composite Index opened higher on May 31 and rebounded from 19-month low price levels reached on Wednesday.
HP Inc.’s (HPQ) Printing segment generated revenue of $5.2 billion in fiscal Q2 2018. Its revenue rose 11% YoY (year-over-year) and 9% on a constant currency basis. The company achieved revenue growth in hardware and supplies as well as in strategic areas such as A3, graphics, and managed print services.
Global Markets Are Weak amid Geopolitical Concerns on May 30Economic calendar 8:15 AM EST: US ADP non-farm employment change (May) 8:30 AM EST: US GDP (Q1) 8:30 AM EST: US goods trade balance (April) 2:00 PM EST: Beige Book 4:30 PM EST: US API weekly crude oil stock 7:01 PM EST: UK GfK consumer confidence (May) 7:50 PM EST: Japan’s industrial production (April) 9:00 PM EST: China’s manufacturing PMI (May) 9:00 PM EST: China’s non-manufacturing PMI (May)
Last week, the Japanese yen (JYN) managed its first weekly gain against the US dollar in nine weeks as global risk aversion increased in response to political and geopolitical uncertainties. The yen (FXY) closed the week at 109.39, rising 1.2% against the US dollar (UUP). The news about US President Donald Trump canceling the US–North Korea summit and political uncertainties in Europe increased the demand for safe-haven assets, including the yen.
Billionaire investor Ray Dalio has advised investors to protect their investments by investing in gold as tensions between the United States (SPY) and North Korea rise. He also suggested diversifying investments across various economies.
Italy's Political Tensions Impact Global MarketsEconomic calendar 10:00 AM EST: US CB Consumer Confidence (May) 10:30 AM EST: US Dallas Fed Manufacturing Business Index (May) 12:30 PM EST: European Central Bank Lautenschlaeger speaks 7:50 PM EST: Japan’s retail sales (April) 8:00 PM EST: Bank of Japan Governor Kuroda speaks
Global Markets Are Mixed, Oil Is Weak amid Supply ConcernsEconomic calendar 8:30 AM EST: US core durable goods orders (April) 9:15 AM EST: European Central Bank Coeuré speaks 9:20 AM EST: Bank of England Governor Carney speaks 9:20 AM EST: US Fed Chair Powell speaks 10:00 AM EST: US Michigan Consumer Expectations (May) 10:00 AM EST: US Michigan Consumer Sentiment (May) 11:45 AM EST: US FOMC member Bostic speaks 11:45 AM EST: US FOMC member Kaplan speaks 1:00 PM EST: US Baker Hughes oil rig count 3:20 PM EST: German Bundesbank President Weidmann speaks
Global Markets Are Impacted by US Auto Tariff Threats on May 24Economic calendar 7:30 AM EST: ECB’s policy meeting summary 8:30 AM EST: US initial jobless claims 10:00 AM EST: US existing home sales (April) 10:30 AM EST: FOMC member Bostic speaks 1:00 PM EST: Bank of England governor Carney speaks 2:00 PM EST: FOMC member Harker speaks 7:30 PM EST: Japan’s Tokyo core consumer price index (May)
Global Markets: Increased Caution, Trump Brings UncertaintyEconomic calendar 9:45 AM EST: US manufacturing PMI (purchasing managers’ index) (May) 9:45 AM EST: US Markit composite PMI 9:45 AM EST: US services PMI (May) 10:00 AM EST: US new home sales (April) 10:30 AM EST: US crude oil inventories 2:00 PM EST: US FOMC meeting minutes 2:15 PM EST: FOMC member Kashkari speaks China
Last week, the Japanese yen (JYN) depreciated against the US dollar for the eighth consecutive week as the dollar continued its upward surge. It was the best run for the dollar against the yen since October 2014. The primary reason for the yen’s weakness is the widening spread between the US and Japanese treasuries, which is being driven by strong US economic performance compared to Japan.
Global Markets Are Mixed on May 22, Commodities Move HigherEconomic calendar 6:00 AM EST: UK CBI industrial trends orders (May) 10:00 AM EST: US Richmond Manufacturing Index (May) 10:00 AM EST: US Richmond Services Index (May) 4:30 PM EST: US API weekly crude oil stock 8:30 PM EST: Japan’s manufacturing purchasing managers’ index (May)
Global Risk Appetite Improved, Trade War Concerns EasedEconomic calendar 8:30 AM EST: US Chicago Fed National Activity (April) 12:15 PM EST: US FOMC member Bostic speaks 2:05 PM EST: US FOMC member Harker speaks 5:30 PM EST: US FOMC member Kashkari speaks
Global Markets Are Mixed, Firm Dollar Weighs on CommoditiesEconomic calendar 9:15 AM EST: FOMC member Brainard speaks 9:15 AM EST: FOMC member Kaplan speaks 1:00 PM EST: Baker Hughes’s oil rig count
Global Markets Are Mixed on May 16 amid Lower Risk AppetiteEconomic calendar 8:00 AM EST: European Central Bank President Draghi speaks 8:30 AM EST: US building permits (April) 8:30 AM EST: US FOMC member Bostic speaks 8:30 AM EST: US housing starts 9:15 AM EST: US industrial production (April) 10:30 AM EST: US crude oil inventories 10:30 AM EST: European Central Bank member Praet speaks 6:30 PM EST: US FOMC member Bullard speaks
According to a report provided by Markit Economics, the Japan Services PMI (Purchasing Managers’ Index) rose significantly in April compared to March. It was 52.5 in April and 50.9 in March. It beat the market expectation of 52.
In this series, we’ll be taking a look at these important developed market indicators released in the past week: US Services PMI (Purchasing Managers’ Index) UK Services PMI Eurozone Sentix Investor Confidence Index Germany (EWG) Services PMI France Services PMI Spain Services PMI Japan Services PMI Eurozone Services PMI Series overview