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HONG KONG, China (AFP) — Asian markets were mostly up in holiday-thinned trade on Friday as investors took support from hopes that China and the United States will hammer out a trade deal after both sides sounded notes of optimism. With top negotiators from the world’s top two economies huddled down in Washington for three days of talks, there has been a growing sense they are close to an agreement to end a stand-off that […]
HONG KONG, China (AFP) — Asian investors pressed on with their buying spree Tuesday as they took up the baton from a strong Wall Street rally, cheered by healthy economic data, optimism over China-US trade talks and the prospect of no hike in borrowing costs. A forecast-beating factory report out of Beijing — which spurred buying across the region Monday — was followed by a similarly positive US reading, tempering worries about the outlook for […]
HONG KONG, China (AFP) — Asian markets were gripped by volatility Thursday as investors grow increasingly worried about the state of the global economy, sending them rushing to safe-haven assets and fuelling talk of possible recession. The pound was managing to hold its own despite another night of drama in Westminster that saw Prime Minister Theresa May offer to resign if MPs backed her Brexit plan and lawmakers reject a series of alternative options on […]
HONG KONG, China (AFP) — Asian markets were mixed Wednesday, with a strong lead from Wall Street offset by lingering concerns about the global economy, while oil prices extended gains after Russia reassured over its intention to cut output. Trading remains choppy across the region after a key US gauge raised a red flag warning of a recession, adding to Federal Reserve worries about growth, uncertainty over Brexit and China’s stuttering economy. However, while the […]
HONG KONG, China (AFP) — Asian markets staged a tentative recovery Tuesday from the previous day’s steep losses, with investors increasingly anxious about the state of the global economy. With a mixed lead from Wall Street, regional traders had few catalysts to drive buying, while safe-haven flows saw the dollar edge up against high-yielding currencies. Attention is also back on London, where MPs essentially wrested control of the Brexit debate from Prime Minister Theresa May […]
NEW YORK, United States (AFP) — World stock markets were pressured Monday, with Asia taking the heaviest hit, as investors worried about signs of a sharp global economic slowdown. Traders shrugged off news that an investigation found no evidence of collusion between US President Donald Trump’s election campaign and Russia. The pound gave up earlier gains to trade lower against the euro and the dollar after Prime Minister Theresa May admitted Monday she still had […]
HONG KONG, China (AFP) — Asian markets were mixed Monday as bargain-buying from last week’s sharp losses was offset by a weak US jobs report and ongoing concerns about the global economy. Investors ran for the hills Friday after the European Central Bank slashed its growth and inflation forecasts, and China announced a plunge in exports and imports. Later that day the Labor Department said the US economy created just 20,000 jobs last month, a […]
NEW YORK, United States (AFP) — Wall Street stocks fell Wednesday, continuing its run of recent weakness amid a dimming global economic outlook. The Dow Jones Industrial Average dropped 0.5 percent to finish the session at 25,673.46. The broad-based S&P 500 shed 0.7 percent to 2,771.45, while the tech-rich Nasdaq Composite Index tumbled 0.9 percent to end the day at 7,505.92. After a strong start to 2019, US stocks have generally traded flat to lower […]
NEW YORK, United States (AFP) — Global stocks were mixed Tuesday as markets awaited details on US-China trade negotiations and Brexit talks resumed between the EU and Britain. Wall Street finished a choppy session marginally lower after European bourses had pushed higher, shrugging off Brexit worries. “The market is trying to react to a mixed bag of things,” said Art Hogan, chief market strategist at National. “How much is priced in terms of good news […]
NEW YORK, United States (AFP) — Global stocks finished mixed on Monday following reports the United States and China were close to a major trade agreement that would roll back some of the tariffs imposed in recent months. Asian bourses pushed higher, Europe was mixed and Wall Street retreated in a reaction that analysts said partly reflected the belief a trade deal had already been priced into the market. “We had a positive reaction on […]
NEW YORK, United States (AFP) — World stock markets came under pressure Thursday as a summit between Donald Trump and Kim Jong Un ended abruptly without an agreement. Asian equities had been fluctuating throughout the day on tempered optimism over China-US trade talks, weak factory data from Beijing and fresh geopolitical tensions in Kashmir. But they took a decisive turn south after an expected lunch and signing ceremony between the United States and North Korean […]
HONG KONG, China (AFP) — Asian markets fluctuated Thursday as optimism over China-US trade talks was tempered by Donald Trump’s top negotiator, while investors also digested weak factory data from Beijing and fresh geopolitical tensions in Kashmir. The global rally that has characterized most of this year took a knock after US Trade Representative Robert Lighthizer told lawmakers that “real progress” had been made with China, but a lot of work was still needed before […]
