Asia – Pacific Markets Mixed on Concerns over Resurgence of Coronavirus Strain
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.90 following an earlier high of 90.037
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.90 following an earlier high of 90.037
Prices are shrugging off the latest developments in Europe and the United States where death tolls and new infections keep rising
The S&P 500 posted 87 new 52-week highs and no new lows; the Nasdaq Composite recorded 307 new highs and four new lows
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.26%.
Declining issues outnumbered advancing ones on the NYSE by a 1.53-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 1.3% to $55.26 per barrel. U.S. crude futures dipped 0.86% to $51.79 per barrel.
Mexican stocks, as measured by the IPC Index, returned about 6%. Shares were lifted in part by strength in U.S. equities, as Joe Biden—who is expected to be less aggressive on trade...
Electric car-maker Tesla Inc jumped 7.8%, taking its market capitalization to more than $800 billion for the first time ever. Tesla was the largest percentage gainer on the S&P.
Russia and Kazakhstan will collectively increase their output by 75,000 bpd while the rest of the group will hold output steady.
The Japanese yen traded at 103.93 per dollar after weakening from levels below 103.2 against the greenback yesterday. The Australian dollar changed hands at $0.7762, having seen levels above $0.78 earlier this week.
Advancing issues outnumbered declining ones on the NYSE by a 1.72-to-1 ratio; on Nasdaq, a 2.88-to-1 ratio favored advancers.
Mainland Chinese stocks saw gains on the day, with the Shanghai composite up 0.71% to 3,576.20 and the Shenzhen component rising 1.111% to 15,356.40. Hong Kong’s Hang Seng index lagged the region’s major markets as it dipped 0.52%...
Shares in Canadian marijuana producer Tilray soared more than 24 percent before closing up 13 percent to $10.77. In after markets trading it soared another 8 percent.
Markets across Asia-Pacific were mixed on Wednesday, as developments turned the focus on Chinese tech giants and regional energy stocks. Shares of Chinese tech giants Tencent and Alibaba were monitored by investors on Wednesday after U.S....
Meanwhile U.S. crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.
The S&P 500 posted 19 new 52-week highs and no new lows; the Nasdaq Composite recorded 117 new highs and four new lows.
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 0.12% to $51.03 per barrel. U.S. crude futures were little changed at $47.61 per barrel.
England went into a new lockdown on Monday as its Covid-19 cases surged following the emergence of a more transmissible variant of the coronavirus.
Shares of FLIR Systems Inc jumped about 19% after Teledyne Technologies Inc agreed to buy the thermal imaging camera supplier for $8 billion in cash and stock. Teledyne’s shares dropped about 9%.
Mainland Chinese stocks rose on the day: The Shanghai composite gained 0.86% to 3,502.96 while the Shenzhen component soared 2.466% to 14,827.47.
Investor sentiment and the lira currency also benefited from the central bank’s recent action on interest rates. Following the December 24 monetary policy meeting—at which policymakers decided to raise all three major...
Gold prices gained as safe-haven metal notched its best year in a decade due to economic uncertainties caused by the pandemic. Spot gold added 0.2% to $1,897.88 an ounce.
Mainland Chinese stocks surged on the day: the Shanghai composite climbed 1.72% to 3,473.07 while the Shenzhen component gained 1.895% to 14,470.68. The Hang Seng index in Hong Kong advanced 0.31% to 27,231.13.
Volume on US exchanges was 9.57 billion shares, compared with the 10.93 billion average for the full session over the last 20 trading days.
China’s 2019 GDP growth was revised downward to 6.0%, according to a statement released Wednesday by the country’s National Bureau of Statistics. That compared against a pre-revision 2019 growth rate of 6.1%.
Intel Corp jumped after Reuters reported activist hedge fund Third Point LLC is pushing the chipmaker to explore strategic options, including whether it should remain an integrated device manufacturer.
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.69% to $51.21 per barrel. U.S. crude futures gained 0.65% to $47.93 per barrel.
In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment benefits to millions of Americans and averting a federal government shutdown.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.093 after declining from levels above 90.4 in recent days.
Russian stocks declined early in the week amid worsening sentiment toward riskier asset classes and on news that the U.S. Department of Commerce would move to block trade in goods and services...
The move came after President Donald Trump slammed the $900 billion bill, calling it an unsuitable “disgrace” because it calls for $600 rather than $2,000 checks.
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.29% to $51.35 per barrel. U.S. crude futures advanced 0.25% to $48.24 per barrel.
Brent crude futures dropped 0.6 percent to $49.78 a barrel and US crude futures fell 0.74 percent to $46.68. Gold ralled 0.5 percent to $1,868 an ounce.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 90.445 following an earlier high of 90.666.
The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 278 new highs and seven new lows.
The S&P 500 posted 16 new 52-week highs and no new lows; the Nasdaq Composite recorded 182 new highs and 17 new lows.
Global markets edged higher last week, with all major benchmark global indices hitting fresh all-time highs. Fiscal-stimulus optimism in the United States, along with a brighter longer-term outlook driven by the rollout...
The Dow Jones Industrial Average fell 124.32 points, or 0.41%, to 30,179.05, the S&P 500 lost 13.07 points, or 0.35%, to 3,709.41 and the Nasdaq Composite dropped 9.11 points, or 0.07%, to...
The U.S. dollar index, which tracks the greenback against a basket of its peers, last traded at 89.945 after weakening this week from levels above 90.4.
Advancing issues outnumbered declining ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored advancers
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 1.23% to $51.71 per barrel. U.S. crude futures gained 1.34% to $48.46 per barrel.
Southwest Airlines Co fell 1.5% after flagging a higher cash burn in the fourth quarter, as well as increased trip cancellations in December.
The Japanese yen traded at 103.40 per dollar, having seen levels around 104.1 against the greenback yesterday. The Australian dollar was at $0.7565 after trading at levels around $0.751 yesterday.
Volume on U.S. exchanges was 10 billion shares, compared with the 11.5 billion average for the full session over the last 20 trading days.
The Japanese yen traded at 104.05 per dollar after seeing levels below 103.8 against the greenback yesterday. The Australian dollar changed hands at $0.7526 following levels above $0.756 seen yesterday.
Electric-car maker Tesla Inc rallied almost 5% as anticipation of its addition to the S&P 500 benchmark next week offset a report of production delays.
shares in Australia edged higher, with the S&P/ASX 200 up around 0.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.15%.
Stocks in Brazil, as measured by the Bovespa Index, returned about 1.2%. Early in the week, Brazil reported that inflation rose 0.89% in November on a month-over-month basis.
Volume on U.S. exchanges was 9.92 billion shares, compared with the 11.48 billion average for the full session over the last 20 trading days.
Oil prices rose during Asia trading hours on Friday: U.S. crude futures were up 0.73% at $47.12 a barrel. Global benchmark Brent rose 0.72% to $50.61.
equities moved well off lows that saw the S&P 500 down as much as 0.75% after U.S. Treasury Secretary Steven Mnuchin said talks between Republican and Democratic senators on COVID-19 relief were...
The U.S. dollar index, which measures the greenback against a basket of its peers, traded near flat at 91.058.
Drugmaker Eli Lilly climbed 5.83% after flagging positive data from a late-stage clinical trial for its experimental drug designed to treat type 2 diabetes.
The Japanese yen changed hands at 104.20 per dollar, staying relatively flat. Elsewhere, the Australian dollar ticked up 0.47% to $0.7446.
The S&P 500 posted 48 new 52-week highs and no new lows; the Nasdaq Composite recorded 223 new highs and 8 new lows.
Elsewhere, the Japanese yen changed hands at 104.10 per dollar, weakening from an earlier level around 103.94, while the Australian dollar fell 0.18% to $0.7407.
Large cap growth stocks, which had underperformed value stocks in recent weeks as investors looked to names likely to benefit from a reopened economy, edged up while value lost ground.
In the currency market, the U.S. dollar traded at 90.851 as of 3:34 p.m. HK/SIN against a basket of its peers. The dollar index fell from levels near 91.80 last week but...
Turkish stocks, as measured by the BIST-100 Index, returned about 0.2%. Shares fell sharply on Monday but rebounded over the rest of the week.
The S&P 500 posted 50 new 52-week highs and no new lows; the Nasdaq Composite recorded 222 new highs and 6 new lows.
The Japanese yen traded at 103.86 per dollar after strengthening sharply yesterday from levels above 104 against the greenback. The Australian dollar changed hands at $0.7433, having risen from levels below $0.74 earlier in the trading...
The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 174 new highs and seven new lows.
Oil prices dipped in the afternoon of Asia trading hours, with international benchmark Brent crude futures fractionally lower at $48.21 per barrel. U.S. crude futures slipped 0.13% to $45.22 per barrel.
The S&P 500 posted 18 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 12 new lows.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.149 following a decline earlier this week from levels above 91.5.
The S&P 500 posted 48 new 52-week highs and no new lows; the Nasdaq Composite recorded 185 new highs and 8 new lows.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.757 after seeing an earlier high of 91.945.
The RBA also flagged it would continue its unconventional monetary policy measures that included a term funding facility that is providing the banking sector with cheaper liquidity and its three-year bond-buying scheme.
The S&P 500 posted 11 new 52-week highs and no new lows; the Nasdaq Composite recorded 167 new highs and 4 new lows.
The Japanese yen traded at 103.97 per dollar after strengthening from levels above 104.4 against the greenback last week. The Australian dollar changed hands at $0.7379, having risen from levels below $0.732 in the previous week.
A new round of vaccine optimism and diminishing political uncertainty helped global stocks build on recent gains for the holiday-shortened week
U.S.-listed shares of iQIYI Inc fell 1.7% after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put on hold talks to buy a controlling stake in the video streaming...
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.915 following its decline earlier this week from levels above 92.4.
German Chancellor Angela Merkel told parliament that lockdown measures will be in place until at least the end of December and possibly longer.
Following that announcement, the Korean won traded at 1,104.90 per dollar, as compared to an earlier low of 1,107.30 against the greenback.
Tesla Inc, which surpassed $500 billion in market capitalization on Tuesday, extended its gain by 3.4% even after the electric-car maker recalled about 9,500 vehicles.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.96 after seeing levels above 92.4 earlier in the week.
Boeing Co gained after European regulators gave draft approval to its 737 MAX jets, paving the way for a formal flight clearance in January.
Cyclicals led gains, with energy ahead by 7.09% while industrials and financials each rose more than 1%, as data showed monthly business activity expanded at the fastest rate in more than five...
Oil prices were higher in the afternoon of Asia trading hours, as international benchmark Brent crude futures rose 1.27% to $45.53 per barrel. U.S. crude futures added 1.08% to $42.88 per barrel.
The South African Reserve Bank (Sarb) left the repurchase rate (repo rate) unchanged at 3.5 percent as inflation is expected to remain contained in the medium term.
Stay-at-home beneficiary Zoom Video Communications Inc provided the biggest lift to the Nasdaq.
The dollar index, which measures the U.S. dollar against a basket of its peers, last traded at 92.213, declining from an earlier high of 92.346. The index retreated from levels near 93.00...
The S&P 500 posted seven new 52-week highs and no new lows; the Nasdaq Composite recorded 87 new highs and 10 new lows.
The Japanese yen traded near flat at 103.86 against the greenback while the Australian dollar changed hands at $0.7292, dropping from earlier levels around $0.73.
The S&P 500 posted 30 new 52-week highs and no new lows; the Nasdaq Composite recorded 142 new highs and nine new lows.
The Japanese yen strengthened further in the afternoon, last trading at 103.85 per dollar, as compared to levels above 104.5 earlier. The Australian dollar was at $0.7308 against the dollar, firming from earlier levels.
Amazon.com Inc launched an online pharmacy in the United States, sending shares of rival drug retailers such as Walgreens Boots Alliance Inc CVS Health Corp plunging.
The Japanese yen traded at 104.52 against the greenback, a touch firmer as compared to Monday. The Australian dollar was at 0.7303 against the dollar, strengthening from the 0.72 mark yesterday.
Simon Property Group Inc shares jumped after the biggest U.S. mall operator cut its purchase price for an 80% stake of rival Taubman Centers Inc , as the pandemic pressures the retailers.
Hong Kong’s Hang Seng index rose 0.58% in the afternoon. Casino and finance stocks listed in the city were going strong. Standard Chartered was up 4.80%, while HSBC bounced 3.49%.
In what surely qualifies as some of the more encouraging news of the year, the announcement that a Pfizer vaccine showed promising trial results powered markets higher last week.
Libyan output rose and investors worried the resurgent pandemic could hurt global demand.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 92.914 following its rise this week from levels below 92.8.
Crude oil prices reversed early gains, snapping a three-day rally on growing doubts over a near-term demand recovery and an unexpected rise in U.S. stockpiles.
In Japan, Softbank Group shares jumped 1.49%. Game maker Nintendo also surged 4.3%. Over in South Korea, Kakao’s stock gained 0.56%.
Gold prices slid, hurt by a stronger dollar and increased risk appetite which drew investors away from the safe-haven metal
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 2.45% to $44.68 per barrel. U.S. crude futures added 2.59% to $42.43 per barrel.
Gold regained some ground lost in Monday's plunge expectations of fiscal and monetary stimulus offered support to the safe-haven metal.
The Japanese yen traded at 105 per dollar after weakening sharply from levels below 104.3 against the greenback yesterday. The Australian dollar changed hands at $0.7288 following its rise last week from levels below $0.72.
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