TOKYO, June 11 ― Asian stocks made modest gains today after the Trump administration shelved plans for tariffs against Mexico, lifting Wall Street, however, fresh US trade threats against China are expected to limit any major investor sentiment…
NEW YORK, May 28 — Wall Street today rose at the opening bell for a second day, casting aside uncertainties about US trade relations as investors returned from a holiday weekend. The upbeat mood came as President Donald Trump did little to resolve…
NEW YORK, May 16 — Wall Street stocks rose early today following solid US data and better-than-expected results from Dow members Cisco and Walmart. About 30 minutes into trading, the Dow Jones Industrial Average was up 0.8 per cent at 25,856.44….
NEW YORK: Global stocks gained Wednesday after the US sent more conciliatory messages on trade, offsetting lackluster economic data from the world’s biggest economy.
Industry sources told AFP that US President Donald Trump was planning to delay imposing tariffs on auto imports while the United States pursues agreements with key trading partners.
European and US markets that had been in negative territory suddenly jumped higher, with German auto manufacturers among those posting strong advances. US auto giants General Motors and Ford also gained.
Wall Street “has shown a propensity to bounce on any positive-sounding trade headline, and today was no different,” said Briefing.com.
Adding to the market’s hopes, US Treasury Secretary Steven Mnuchin told a Senate panel that Washington was close to resolving its differences with Mexico and Canada over steel and aluminum tariffs that have created friction among the trading partners.
Mnuchin also repeated his expectation that US negotiators would return to Beijing to pursue stalled talks aimed at resolving the US-China trade war.
“These developments helped assuage investors that the US would not be distracted in its trade talks with China by also having to deal with other tariff disputes,” said Briefing.com.
The broad-based S&P 500 gained 0.6 percent, with the more hopeful tone on trade offsetting lackluster April retail sales data and weak industrial output data.
Earlier, bourses in Europe and Asia pushed higher.
Oil prices advanced following US data showing a drop in gasoline inventories.
The International Energy Agency confirmed that the world’s oil supply fell last month as US sanctions on Iran tightened and OPEC+ members produced less crude in line with their pact. – AFP
NEW YORK, May 11 ― A gauge of world equity markets rebounded and the dollar pared losses yesterday after President Donald Trump said US-China trade talks were constructive, easing tensions that pushed stocks on Wall Street toward their biggest…
LONDON, May 3 — London’s stock market rose and eurozone indices steadied at the open today awaiting the release of key US jobs data. The FTSE 100 index climbed 0.3 per cent to 7,370.33 points compared to its close yesterday. Frankfurt’s…
NEW YORK, March 14 ― World equity markets advanced broadly yesterday after US data again showed risk-friendly low inflation, which weakened the dollar, while Boeing shares gained even as the United States said it would ground the company's 737 MAX…
KUALA LUMPUR: Malaysia’s total palm oil stocks in February increased 1.34% to 3.05 million tonnes from 3.01 million tonnes in January.
Crude palm oil (CPO) stocks rose 2.29% to 1.92 million tonnes during the month under review from 1.87 million tonnes in the preceding month.
Stocks of processed palm oil, however, went down 0.24% to 1.129 million tonnes from 1.131 million tonnes previously, said the Malaysian Palm Oil Board (MPOB) in its “Performance of the Malaysian Palm Oil Industry for the Month of February 2019 ” released today.
It said CPO production fell 11.1% to 1.54 million tonnes in February from 1.74 million tonnes in the previous month.
Palm kernel output was also 11.16% lower at 395,697 tonnes in February versus January’s production of 445,427 tonnes.
The MPOB said palm oil exports slipped 21.38% to 1.32 million tonnes in February from 1.68 million tonnes in January, while exports of oleochemical went up 15.8% to 273,964 tonnes from 236,589 tonnes.
Biodiesel exports in February declined 16.49% to 36,986 tonnes against January’s 44, 287 tonnes, while exports of palm kernel cake shed 15.62% to 190,727 tonnes from 226,022 tonnes.
In February, palm kernel oil exports, expanded by 15.96% to 91, 234 tonnes from 78,674 tonnes in the preceding month.
KUALA LUMPUR, March 11 — Malaysia’s total palm oil stocks in February increased 1.34 per cent to 3.05 million tonnes from 3.01 million tonnes in January. Crude palm oil (CPO) stocks rose 2.29 per cent to…