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Philippine shares bounced back to the 6,800-territory on thin volume on Wednesday, buoyed by wall street’s rally, despite expectations of higher interest rates by the United States (us) federal reserve. The Philippine stock exchange index surged on thin volume 106.37 points or 1.59 percent to 6,807.72 from previous day’s 6,701.35 close. The positive sentiment was also seen across the region, with Japans’ Nikkei 225 surging 2.6 percent, Hong Kong’s Hang Seng index advancing 2.06 percent […]
SEPTEMBER 7 (Reuters) — Asian shares got off on the back foot on Wednesday (September 2) after weak manufacturing activity reports from both the U.S. and China sent Wall Street reeling, while the dollar steadied after steep losses. The Nikkei rose 0.6 percent to 18,275.60 in mid-morning trade after falling to a low of 17,857.30 soon after the market opened. The benchmark index tumbled 3.8 percent on Tuesday (September 1) after surveys showed China’s factory […]
(Reuters) — The S&P 500 suffered its biggest daily percentage drop in nearly four years on Friday and the Dow confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors around the world. A report overnight showed China’s manufacturing sector shrank at the fastest pace since 2009, exacerbating worries about the health of its economy and whether the government would take further steps to stem its slowdown. The Russell […]
AUGUST 21 (Reuters) U.S. stocks fell in choppy trading on Wednesday (August 19) as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the likelihood that the Fed will raise rates next month. The minutes showed policymakers continued to express broad concerns about lagging inflation and the weak world economy even as the U.S. job market improved further. Market expectations for a Fed hike […]
AUGUST 4 (Reuters) — Wall Street ended lower on Monday (August 3) as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world’s second-biggest economy. Energy stocks were the biggest losers among the main S&P sectors. Exxon Mobil and Chevron, which reported poor results on Friday, led the losses. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China. […]
JULY 16 (Reuters) — U.S. stocks edged lower on Wednesday (July 15) following comments from Federal Reserve Chair Janet Yellen, as a decline in energy shares outweighed gains in the financial sector. The energy sector, down 1.6 percent, was the worst performer of the 10 major S&P groups as oil prices retreated on concerns increased exports from Iran will add to a global supply glut. Brent settled down $1.46 at $57.05 while U.S. crude settled […]
By Shinichi Saoshiro TOKYO Wed Sep 24, 2014 8:30pm EDT (Reuters) – Asian stocks rose early on Thursday, cheered by a sizeable overnight rebound on Wall Street, while the dollar resumed its advance after upbeat economic data undercut safe-haven bids and pushed yields higher. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.1 percent, pulling away from a four-month low touched the previous day when U.S.-led air strikes in Syria stoked geopolitical concerns. Tokyo’s […]
By Shinichi Saoshiro TOKYO Sun Jul 27, 2014 8:22pm EDT (Reuters) – Asian stocks dipped in early trade on Monday after disappointing earnings hit Wall Street, while the dollar hovered near six-months peaks against a basket of major currencies. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.1 percent, taking cues from Wall Street where lackluster results from bellwether names Visa and Amazon triggered a discretionary sell-off on Friday. Tokyo’s Nikkei shed […]
(Reuters) — U.S. stocks rallied on Tuesday (March 4), with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session’s hefty losses. President Vladimir Putin delivered a robust defense of Russia’s actions in Crimea on Tuesday, saying he would use force in Ukraine only as a last resort. His comments relieved investors’ fears that East-West tension over the former Soviet republic could lead to war. The […]
By Caroline Valetkevitch NEW YORK Tue Feb 11, 2014 4:27pm EST (Reuters) – Investors can’t blame the stock market’s bumpy ride so far this year on S&P 500 earnings, which could end the reporting period with the best quarterly growth in more than two years. Results haven’t done much to prop up the overall market, but analysts said that the numbers should relieve worries that last year’s big rally came without much gain in profit […]
(Reuters) – Asian shares regained a measure of stability on Friday, stepping further away from five-month lows after a strong rally on Wall Street and hopeful signs the upcoming U.S. payroll report could put some global growth concerns to rest. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.8 percent, a day after the index posted its biggest gains in over two months. The index bounced 2.2 percent from a five-month low hit on Wednesday. […]
