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by John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks fell Tuesday amid revived worries over US-China trade relations and a sense the January rally is fading. Wall Street indices, which have been on a nearly unbroken ride higher the last four weeks, following December’s rout, fell more than one percent. Earlier, European and Asian shares also pulled back due in part also to profit taking and economic worries after the […]
HONG KONG, China (AFP) — Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall Street was closed for a holiday investors are keeping tabs on developments in various issues including the US government shutdown, Brexit and China’s stuttering economy. The optimism surrounding China-US trade talks […]
HONG KONG, China (AFP) — Asian markets on Monday built on last week’s rally as investors cheered a report that China had offered to eliminate its massive trade surplus with the United States, while data showed Chinese economic growth hit forecasts in 2018. Regional equities picked up where they finished Friday after Bloomberg said Beijing had pledged to ramp up spending on US goods over the next five years. While there was some scepticism over […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Thursday with investor sentiment buoyed by gains on Wall Street and a lower yen. The benchmark Nikkei 225 index rose 0.52 percent or 105.36 points to 20,548.11 in early trade while the broader Topix index was up 0.56 percent or 8.54 points at 1,546.31. “Risk appetite picked up on rises in US shares, correcting excessive pessimism at the year-end,” said Mutsumi Kagawa, chief global strategist at […]
HONG KONG China (AFP) — The upbeat tone that has characterized this week helped Asian markets to fresh gains on Friday, with Hong Kong on course for a sixth straight day of rises. Investors globally have been riding a wave of optimism since last week when the head of the Federal Reserve indicated it will likely slow its pace of interest rate hikes, while there were also signs that China and the US could eventually […]
LONDON, United Kingdom (AFP) — Benchmark oil contract Brent North Sea crude climbed back to $60 per barrel on Wednesday, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March hit $60 for the first time in 3.5 weeks and was up 20 percent compared with two weeks ago, prior to an oil production cut by the Organization of the Petroleum Exporting Countries […]
HONG KONG, China (AFP) — Increasing optimism that China and the US will be able to hammer out a deal to help ease their trade war provided the impetus for more gains across Asian markets on Wednesday. After taking a battering in December and suffering a shaky start to 2019, confidence is slowly returning to equity trading floors, though dealers remain on edge. Federal Reserve boss Jerome Powell provided the platform for a rally last […]
HONG KONG, China (AFP) — There was no respite for Asian investors Friday as most regional markets suffered more losses, with Tokyo tanking three percent and technology firms taking another hiding after Apple’s shock revenue warning. The new year has proved so far to be anything but happy on trading floors as dealers face a confluence of issues including the China-US trade war, China’s stuttering economy, the US government shutdown and Brexit. Apple has been […]
HONG KONG, China (AFP) — Asian investors moved with caution in Friday trade after days of volatility on global financial markets failed to boost confidence. In Tokyo, stocks were trading 0.5 percent lower by the break despite a late rally in New York, as investors cashed in after the previous day’s strong rises. With the trading year winding down, the Nikkei index is heading for its first closure with an annual loss in seven years. […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday, rebounding from the previous day’s five percent drop as the yen’s rise took a breather. The benchmark Nikkei 225 index, which on Tuesday closed at a 20-month low on worries over the US economy, gained 1.45 percent or 277.75 points to 19,433.49 in early trade. The broader Topix index was up 1.37 percent or 19.39 points at 1,434.94. Despite the recent market rout, there has […]
HONG KONG, China (AFP) — Asian stocks fell in early trade Monday despite a weekend call by Treasury Secretary Steven Mnuchin to top US banking executives aimed at stemming market panic which saw Wall Street experience its worst week in a decade. The Dow and the Nasdaq ended Friday with their biggest weekly drop since the start of the global financial crisis as investors took fright over a government shutdown in Washington, President Donald Trump’s […]
HONG KONG, China (AFP) — Fresh political turbulence in Washington and renewed fears over US-China relations pushed Asian markets lower Friday, as a global slump sparked by unease over Fed policy showed no signs of easing. The resignation of US Defense Secretary Jim Mattis — seen as a moderating force on an often impulsive president — and the looming threat of a federal government shutdown alarmed investors as concern grows over weakening global growth. US […]
