stocks rise

 
 

Emerging markets stocks rise on trade optimism; Turkish lira holds steady

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US stocks rise, Apple and Google surge

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Hong Kong stocks rise at open

HONG KONG, Sept 24 — Hong Kong stocks opened Tuesday with small gains as bargain-buyers moved in after six days of selling, with investors keeping tabs on progress of trade talks between China and the US. The Hang Seng Index added 0.30 per cent,…


Asian stocks rise on hopes for US-China trade, monetary stimulus

TOKYO, Sept 12 — Asian stocks rose today on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks. MSCI's broadest index of Asia-Pacific…


Asian stocks rise on hopes for US-China trade, monetary stimulus

TOKYO, Sept 12 — Asian stocks rose today on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks. MSCI's broadest index of Asia-Pacific…


Asian stocks rise on hopes for US-China trade, monetary stimulus

TOKYO, Sept 12 — Asian stocks rose today on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks. MSCI's broadest index of Asia-Pacific…


Asian stocks rise as optimism slowly returns

HONG KONG, Sept 11 ― Asian markets mostly rose today with a broadly upbeat tone across trading floors ahead of major meetings at the European and US central banks, while there is also a growing sense of optimism over China-US trade talks. News…


Stocks edge higher but post monthly loss; yuan weakens as tariffs loom

NEW YORK, Aug 31 — Hopes for a thaw in the US-China trade war helped a gauge of global stocks rise yesterday despite a tepid performance onWall Street, though caution over pending American tariffs on Chinese goods put the yuan on track for its…


US stocks rise despite more bond yield turmoil, Europe also higher

NEW YORK: Wall Street stocks resumed their upward climb Wednesday, shrugging off a key warning sign in the Treasury bond market and barreling higher following strong results from retailers.

US stocks finished with solid gains for the third out of four sessions on a day in which European bourses also rallied.

Wall Street was in positive territory the entire day and did not move appreciably near the end of the session, when yields on the two- and 10-year Treasury notes, a harbinger of past recessions and a trigger for a major selloff earlier this month.

Strong earnings from US big-box chains Target and Lowe’s, coupled with other good US retail sales reports, “helped mitigate the ‘recession fear’ communicated previously on the first inversion of the 2s10s spread, because they underscored for the market that the US consumer is still in good shape,” said Briefing.com analyst Patrick O’Hare in an email.

Investors believe the flattening or inversion has been precipitated other factors in Europe and Japan rather than “by a trade of true economic angst pertaining to near-term economic prospects for the US.”

A strong indicator of US consumer resilience was a blowout earnings report from Target, Walmart’s smaller rival, which surged more than 20 percent after reporting higher profits on increased sales and consumer traffic.

“With both Target and Walmart producing good sets of numbers, the middle American consumer is clearly alive and well,” said GlobalData Retail analyst Neil Saunders.

Minutes from the Federal Reserve’s July 30-31 policy meeting said the US central bank will remain flexible and interest rates will not be on a “preset course” in the face of persistent risks from trade uncertainty and weak global growth.

On July 31, policymakers cut the key interest rate for the first time in more than a decade, a move characterized in the minutes as “part of a recalibration… or mid-cycle adjustment.”

The minutes “didn’t dissuade investors from the concept that the Fed might be lined up to cut rates again at some point this year,” said Art Hogan chief market strategist at National Securities.

The minutes come ahead of a much-anticipated appearance Friday by Fed Chair Jerome Powell at an annual central bank gathering in Jackson Hole, Wyoming.

Short-lived crisis?

Key European equity markets climbed more than one percent.

That included Milan’s FTSE MIB index which rallied as Italian President Sergio Mattarella began talks with key players in a bid to end political limbo in the eurozone’s number three economy.

The index had dived 1.1 percent on Tuesday after the shock resignation of prime minister Giuseppe Conte.

Investors appeared to believe the crisis would be short-lived with the much-watched gap between German and Italian bond yields shrinking, indicating the markets do not perceive significant risk at this stage.

“If they manage to form a new government, it would be welcomed with some caution by other EU leaders who might see it as an opportunity to avoid a showdown over Italy’s budget in the next few months,” said the director of Future Europe Initiative, Benjamin Haddad.

VTB analyst Neil MacKinnon was more downbeat. “There is an increasing risk of a fresh eurozone debt and banking crisis,” he cautioned. – AFP