Treasury yields edge higher after US-China sign interim trade deal

U.S. government debt prices were lower Thursday morning, following the signing of a so-called “phase one” trade deal between the world’s two largest economies. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8004%, while the yield on the 30-year Treasury bond was also higher at around 2.2578%. The tentative deal came as a boost to market sentiment, with stocks briefly climbing to record highs in the previous session. Fed Governor Michelle Bowman wi


U.S. government debt prices were lower Thursday morning, following the signing of a so-called “phase one” trade deal between the world’s two largest economies.
ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8004%, while the yield on the 30-year Treasury bond was also higher at around 2.2578%.
The tentative deal came as a boost to market sentiment, with stocks briefly climbing to record highs in the previous session.
Fed Governor Michelle Bowman wi
Treasury yields edge higher after US-China sign interim trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: sam meredith
Keywords: news, cnbc, companies, sign, worlds, largest, uschina, trade, interim, higher, deal, treasury, data, edge, survey, business, yields


Treasury yields edge higher after US-China sign interim trade deal

U.S. government debt prices were lower Thursday morning, following the signing of a so-called “phase one” trade deal between the world’s two largest economies.

At 2:30 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8004%, while the yield on the 30-year Treasury bond was also higher at around 2.2578%.

A long-awaited preliminary trade agreement between the U.S. and China was signed by President Donald Trump and Chinese Vice Premier Liu He on Wednesday.

The tentative deal came as a boost to market sentiment, with stocks briefly climbing to record highs in the previous session. However, concerns about tariffs and unresolved core issues remain.

On the data front, the latest weekly jobless claims will be released at 8:30 a.m. ET. The Commerce Department will publish retail sales for December at the same time, with economists surveyed by Dow Jones expecting a 0.3% rise.

Philadelphia Fed manufacturing data for January, a business leaders survey for January, business inventories for November and the National Association of Home Builders survey for January are among some of the other data releases scheduled for Thursday morning.

Fed Governor Michelle Bowman will comment on the world’s largest economy at an event in Kansas City slightly later in the session.

The U.S. Treasury is set to auction $35 billion in four-week bills and $35 billion in eight-week bills on Thursday.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: sam meredith
Keywords: news, cnbc, companies, sign, worlds, largest, uschina, trade, interim, higher, deal, treasury, data, edge, survey, business, yields


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European stocks edge lower ahead of US-China deal signing

European stocks inched lower on Wednesday as investors await the signing of the so-called “phase one” trade deal between the U.S. and China, with optimism slightly dented by comments from the U.S. Treasury. The pan-European Stoxx 600 slid 0.2% in early trade, with autos falling 0.9% to lead losses white health care stocks bucked the trend to add 0.2%. Mnuchin also claimed that documents due to be released later on Wednesday will show that the “phase one” deal is fully enforceable and includes a


European stocks inched lower on Wednesday as investors await the signing of the so-called “phase one” trade deal between the U.S. and China, with optimism slightly dented by comments from the U.S. Treasury.
The pan-European Stoxx 600 slid 0.2% in early trade, with autos falling 0.9% to lead losses white health care stocks bucked the trend to add 0.2%.
Mnuchin also claimed that documents due to be released later on Wednesday will show that the “phase one” deal is fully enforceable and includes a
European stocks edge lower ahead of US-China deal signing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: elliot smith
Keywords: news, cnbc, companies, later, scottish, european, slid, signing, trade, lower, ahead, phase, deal, uschina, stocks, lead, edge, minister


European stocks edge lower ahead of US-China deal signing

European stocks inched lower on Wednesday as investors await the signing of the so-called “phase one” trade deal between the U.S. and China, with optimism slightly dented by comments from the U.S. Treasury.

The pan-European Stoxx 600 slid 0.2% in early trade, with autos falling 0.9% to lead losses white health care stocks bucked the trend to add 0.2%.

A Chinese delegation is in Washington to ink the long-awaited interim agreement, but U.S. Treasury Secretary Steven Mnuchin said on Tuesday that the U.S. would maintain tariffs on Chinese goods until the completion of phase two.

Mnuchin also claimed that documents due to be released later on Wednesday will show that the “phase one” deal is fully enforceable and includes a vow from Beijing to refrain from currency manipulation.

Asian stocks slid into the red on Wednesday as investor sentiment dragged, with Hong Kong’s Hang Seng index falling almost 0.6% to lead the losses.

Back in Europe, the U.K., France and Germany have all formally accused Iran of violating its 2015 nuclear deal, a move which could pave the way for a re-imposition of U.N. sanctions lifted as part of the agreement.

Meanwhile U.K. Prime Minister Boris Johnson has rejected a request from Scottish First Minister Nicola Sturgeon to hold a referendum on Scottish independence.

In corporate news, French consultancy giant Capgemini on Tuesday increased its bid to buy Altran Technologies, in an attempt to shut down a competing effort from U.S. activist fund Elliott Management to wrest control of the smaller rival.

German full year GDP (gross domestic product) growth figures for 2019 are due Wednesday morning, providing a vital insight into the state of Europe’s largest economy.

Meanwhile, a raft of U.K. inflation data is due, with Bank of England dove and regular Monetary Policy Committee dissenter Michael Saunders set to deliver a speech which could offer hints on whether the central bank will vote to cut interest rates later this month.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: elliot smith
Keywords: news, cnbc, companies, later, scottish, european, slid, signing, trade, lower, ahead, phase, deal, uschina, stocks, lead, edge, minister


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US stock markets set to edge higher as Middle East fears recede

U.S. stock index futures were hovering around the flatline Tuesday morning, despite ongoing geopolitical tensions. ET, Dow futures rose 33 points, indicating a higher open of more than 4 points. Strong gains in the tech sector helped markets overcome initial concerns over tensions between the United States and Iran. President Donald Trump announced last week that the U.S. had killed Iran’s top military commander in Baghdad. Market players are now waiting to see if the situation will escalate wit


U.S. stock index futures were hovering around the flatline Tuesday morning, despite ongoing geopolitical tensions.
ET, Dow futures rose 33 points, indicating a higher open of more than 4 points.
Strong gains in the tech sector helped markets overcome initial concerns over tensions between the United States and Iran.
President Donald Trump announced last week that the U.S. had killed Iran’s top military commander in Baghdad.
Market players are now waiting to see if the situation will escalate wit
US stock markets set to edge higher as Middle East fears recede Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: silvia amaro
Keywords: news, cnbc, companies, futures, points, united, week, gains, higher, set, stock, fears, edge, east, markets, rose, middle, morning, wti, recede, waiting


US stock markets set to edge higher as Middle East fears recede

U.S. stock index futures were hovering around the flatline Tuesday morning, despite ongoing geopolitical tensions.

At around 3:18 a.m. ET, Dow futures rose 33 points, indicating a higher open of more than 4 points. Futures on the S&P 500 and Nasdaq indexes were flat.

U.S. equities rose on Monday reversing earlier losses. Strong gains in the tech sector helped markets overcome initial concerns over tensions between the United States and Iran.

President Donald Trump announced last week that the U.S. had killed Iran’s top military commander in Baghdad. The president also said Sunday that he could slap sanctions on Iraq, after its parliament passed a resolution calling for the government to expel foreign troops from the country. Market players are now waiting to see if the situation will escalate with a potential retaliation from Iranian forces.

Oil prices fell Tuesday morning after recent gains. Brent was trading at $68.43 a barrel and WTI was sold at $62.88 a barrel.

In terms of data, there will be U.S. trade deficit figures out at 8:30 a.m. ET, followed by factory orders and non-manufacturing PMIs at 10 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: silvia amaro
Keywords: news, cnbc, companies, futures, points, united, week, gains, higher, set, stock, fears, edge, east, markets, rose, middle, morning, wti, recede, waiting


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Microsoft Azure has an edge over Amazon Web Services at big companies, Goldman Sachs survey says

Microsoft stock has outpaced the major indices as CEO Satya Nadella has focused the company more on cloud services, particularly for business use. The latest survey showed that 56 executives are using Azure for cloud infrastructure, versus 48 using AWS. Additionally, more respondents expect their companies to be using Azure than any other cloud in three years, the analysts wrote. Microsoft doesn’t specify quarterly Azure revenue but analyst Jay Vleeschhouwer of Griffin Securities, who has a buy


Microsoft stock has outpaced the major indices as CEO Satya Nadella has focused the company more on cloud services, particularly for business use.
The latest survey showed that 56 executives are using Azure for cloud infrastructure, versus 48 using AWS.
Additionally, more respondents expect their companies to be using Azure than any other cloud in three years, the analysts wrote.
Microsoft doesn’t specify quarterly Azure revenue but analyst Jay Vleeschhouwer of Griffin Securities, who has a buy
Microsoft Azure has an edge over Amazon Web Services at big companies, Goldman Sachs survey says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: jordan novet
Keywords: news, cnbc, companies, survey, expect, analysts, revenue, services, big, cloud, sachs, edge, stock, companies, azure, microsoft, using, web, infrastructure, goldman


Microsoft Azure has an edge over Amazon Web Services at big companies, Goldman Sachs survey says

Satya Nadella, CEO of Microsoft, speaks during an interview on the David Rubenstein Show in New York on September 27, 2017.

A Goldman Sachs survey of technology executives at large companies last month showed that Microsoft remained the most popular supplier of public cloud services, even as Amazon leads the market overall in terms of revenue.

The latest results suggest that Microsoft could continue to gain cloud market share. Microsoft stock has outpaced the major indices as CEO Satya Nadella has focused the company more on cloud services, particularly for business use. Further cloud growth could help bring the stock higher, as analysts expect.

Goldman Sachs based its latest findings on an information-technology spending survey of 100 IT executives at Global 2000 companies. It performs the survey each June and December.

The latest survey showed that 56 executives are using Azure for cloud infrastructure, versus 48 using AWS. Across cloud infrastructure and platform as a service put together, Microsoft’s lead which has been increasing since December 2017, according to the analysts.

Additionally, more respondents expect their companies to be using Azure than any other cloud in three years, the analysts wrote.

They said 66 chief information officers responded that they will use Azure for cloud infrastructure then, while 64 said they would use AWS at that time.

“Respondents expect today’s top vendors to continue to dominate the rankings in three years. Microsoft remains the clear leader, with 22% of the votes today and in three years respectively,” the analysts wrote.

The results lead the analysts to conclude that about 23% of IT workloads are now on public clouds, up from 19% in June, and they expect the percentage to reach 43% in three years. That leaves plenty of room for growth for other contenders, like Google, for example. It came in third place for cloud infrastructure vendors that respondents expect to be using in three years, with 30.

The analysts repeatedly pointed out that workload usage doesn’t line up exactly with actual revenue. In the third quarter AWS captured $9 billion in revenue. Microsoft doesn’t specify quarterly Azure revenue but analyst Jay Vleeschhouwer of Griffin Securities, who has a buy rating on Microsoft, estimated that Azure revenue in the quarter was about $4.33 billion.

About 91% of analysts surveyed by FactSet have the equivalent of buy ratings on Microsoft stock, including Goldman Sachs.

WATCH: Nadella has made cloud a ‘massive part’ of Microsoft: Fund manager


Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: jordan novet
Keywords: news, cnbc, companies, survey, expect, analysts, revenue, services, big, cloud, sachs, edge, stock, companies, azure, microsoft, using, web, infrastructure, goldman


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US jobless claims edge lower but trend points to uptick in filings

The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher. Initial claims for state unemployment benefits decreased 2,000 to a seasonally adjusted 222,000 for the week ended Dec. 28, the Labor Department said on Thursday. Economists polled by Reuters had expected 225,000 new claims last week. By the end of the latest week, the number of new claims was at its lowes


The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher.
Initial claims for state unemployment benefits decreased 2,000 to a seasonally adjusted 222,000 for the week ended Dec. 28, the Labor Department said on Thursday.
Economists polled by Reuters had expected 225,000 new claims last week.
By the end of the latest week, the number of new claims was at its lowes
US jobless claims edge lower but trend points to uptick in filings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, filings, uptick, trend, jobless, market, labor, number, week, trade, claims, points, lower, benefits, weeks, edge, weakness, unemployment


US jobless claims edge lower but trend points to uptick in filings

The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher.

Initial claims for state unemployment benefits decreased 2,000 to a seasonally adjusted 222,000 for the week ended Dec. 28, the Labor Department said on Thursday.

Economists polled by Reuters had expected 225,000 new claims last week.

While claims have been volatile in recent weeks around the U.S. holiday season and end of the year, longer-term averages point to a slight increase in new claims.

The four-week moving average of initial claims rose by 4,750 to 233,250, the highest level since January 2018.

Still, the underlying trend in claims remains consistent with a labor market that is resisting signs of weakness in other parts of the economy, such as a slowdown in U.S. manufacturing and lackluster business investment. Economists have attributed the weakness to uncertainty around a U.S.-China trade war launched under U.S. President Donald Trump.

In November, the U.S. unemployment rate fell back to 3.5%, the lowest in nearly half a century.

The drop in claims in the latest week unwound a surge in new claims three weeks earlier that appeared to reflect a late Thanksgiving Day this year compared to 2018. By the end of the latest week, the number of new claims was at its lowest since the Nov. 30 week.

Labor market strength is underpinning consumer spending, keeping the economy on a moderate growth path despite headwinds from trade tensions and slowing global growth that have weighed on manufacturing.

Thursday’s claims report also showed the number of people receiving benefits after an initial week of aid rose 5,000 to 1.73 million for the week ended Dec. 21.


Company: cnbc, Activity: cnbc, Date: 2020-01-02
Keywords: news, cnbc, companies, filings, uptick, trend, jobless, market, labor, number, week, trade, claims, points, lower, benefits, weeks, edge, weakness, unemployment


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Asia stocks edge higher in lackluster trade

Stocks in Asia edged higher in lackluster trade on Thursday a day after Christmas, as markets in Australia and Hong Kong remained closed for the holiday. Mainland Chinese stocks rose on the day, with the Shanghai composite up 0.85% to around 3,007.35 and the Shenzhen component adding 0.72% to 10,303.72. The Nikkei 225 in Japan was closed 0.6% higher at 23,924.92 while the Topix index added 0.57% to finish the trading day at 1,731.20. South Korea’s Kospi also gained, ending 0.36% higher at 2,197.


Stocks in Asia edged higher in lackluster trade on Thursday a day after Christmas, as markets in Australia and Hong Kong remained closed for the holiday.
Mainland Chinese stocks rose on the day, with the Shanghai composite up 0.85% to around 3,007.35 and the Shenzhen component adding 0.72% to 10,303.72.
The Nikkei 225 in Japan was closed 0.6% higher at 23,924.92 while the Topix index added 0.57% to finish the trading day at 1,731.20.
South Korea’s Kospi also gained, ending 0.36% higher at 2,197.
Asia stocks edge higher in lackluster trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-26  Authors: eustance huang
Keywords: news, cnbc, companies, edge, asia, closed, kong, stocks, index, higher, day, trade, markets, lackluster, shenzhen, hong, gained


Asia stocks edge higher in lackluster trade

Stocks in Asia edged higher in lackluster trade on Thursday a day after Christmas, as markets in Australia and Hong Kong remained closed for the holiday.

Mainland Chinese stocks rose on the day, with the Shanghai composite up 0.85% to around 3,007.35 and the Shenzhen component adding 0.72% to 10,303.72. The Shenzhen composite also gained 0.721% to about 1,709.45.

The Nikkei 225 in Japan was closed 0.6% higher at 23,924.92 while the Topix index added 0.57% to finish the trading day at 1,731.20.

South Korea’s Kospi also gained, ending 0.36% higher at 2,197.93 as shares of chipmaker SK Hynix jumped about 1%.

Overall, the MSCI Asia ex-Japan index was 0.11% higher.

Major markets across the region — including Hong Kong, South Korea and Australia — were closed on Wednesday for Christmas.


Company: cnbc, Activity: cnbc, Date: 2019-12-26  Authors: eustance huang
Keywords: news, cnbc, companies, edge, asia, closed, kong, stocks, index, higher, day, trade, markets, lackluster, shenzhen, hong, gained


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Weekly mortgage applications pull back as rates edge toward 4%

Mortgage rates moved just a tiny bit higher, but apparently it was enough to dampen interest in refinances. That caused overall mortgage application volume to fall 5.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The refinance share of mortgage activity increased to 62.6 % of total applications from 62.2% the previous week. Mortgage applications to purchase a home fell 5% for the week but were 5% higher compared with the s


Mortgage rates moved just a tiny bit higher, but apparently it was enough to dampen interest in refinances.
That caused overall mortgage application volume to fall 5.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
The refinance share of mortgage activity increased to 62.6 % of total applications from 62.2% the previous week.
Mortgage applications to purchase a home fell 5% for the week but were 5% higher compared with the s
Weekly mortgage applications pull back as rates edge toward 4% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-26  Authors: diana olick, in dianaolick
Keywords: news, cnbc, companies, purchase, rates, previous, pull, edge, weekly, mortgage, activity, applications, interest, higher, week, increased


Weekly mortgage applications pull back as rates edge toward 4%

Mortgage rates moved just a tiny bit higher, but apparently it was enough to dampen interest in refinances.

That caused overall mortgage application volume to fall 5.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) increased to 3.99% from 3.98%, with points remaining unchanged at 0.33 (including the origination fee) for loans with a 20% down payment.

“The 10-Year Treasury yield increased last week amid signs of stronger homebuilding activity and solid consumer spending, leading to a rise in conventional conforming and jumbo 30-year mortgage rates to just under 4 percent,” said Mike Fratantoni, MBA’s chief economist.

As a result, applications to refinance a home loan fell 5% from the previous week but were still 128% higher than a year ago, when rates were 87 basis points higher. The refinance share of mortgage activity increased to 62.6 % of total applications from 62.2% the previous week.

Mortgage applications to purchase a home fell 5% for the week but were 5% higher compared with the same week one year ago. Interest rates are not the primary reason home sales are slowing. There is a severe shortage of existing homes for sale, and that has sidelined would-be buyers, especially at the lower end of the market.

“We are in the slowest time of the year for the purchase market,” Fratantoni said. “The increase in construction activity will bolster housing inventories, which should be a positive for purchase volumes going into 2020.”


Company: cnbc, Activity: cnbc, Date: 2019-12-26  Authors: diana olick, in dianaolick
Keywords: news, cnbc, companies, purchase, rates, previous, pull, edge, weekly, mortgage, activity, applications, interest, higher, week, increased


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Analysts say Alphabet, UPS have early edge in delivery’s next frontier: drones

The world’s biggest players in logistics and packages are racing to make commercial drone delivery a reality, with Loop Capital Markets saying ” UPS and Alphabet have the early lead” on Amazon , FedEx and others. A mix of giant e-commerce, logistics and technology companies are battling to win regulatory approval and roll out commercial drone delivery networks. The lucrative potential of a last mile drone network is why Loop says “everyone is watching” Amazon. “Drone delivery would be a signific


The world’s biggest players in logistics and packages are racing to make commercial drone delivery a reality, with Loop Capital Markets saying ” UPS and Alphabet have the early lead” on Amazon , FedEx and others.
A mix of giant e-commerce, logistics and technology companies are battling to win regulatory approval and roll out commercial drone delivery networks.
The lucrative potential of a last mile drone network is why Loop says “everyone is watching” Amazon.
“Drone delivery would be a signific
Analysts say Alphabet, UPS have early edge in delivery’s next frontier: drones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-21  Authors: michael sheetz
Keywords: news, cnbc, companies, capital, delivery, analysts, wing, widespread, say, loop, mile, frontier, commercial, edge, ups, drone, regulatory, drones, early, amazon, alphabet, deliverys


Analysts say Alphabet, UPS have early edge in delivery's next frontier: drones

“The emerging US drone operators are upgrading from constrictive drone-specific regulatory frameworks and essentially shoehorning their unmanned vehicles into more flexible and expansive FAA rule sets,” Loop Capital Markets wrote in a note to investors last month.

The world’s biggest players in logistics and packages are racing to make commercial drone delivery a reality, with Loop Capital Markets saying ” UPS and Alphabet have the early lead” on Amazon , FedEx and others.

Next year, maybe your holiday gifts will be delivered by drone.

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click .)

A mix of giant e-commerce, logistics and technology companies are battling to win regulatory approval and roll out commercial drone delivery networks. BMO Capital Markets said last week that’s because, in the $3 trillion global goods transportation industry, “the most inefficient and expensive component of the industry supply chain is the last mile delivery.”

Last mile is the final step in the delivery process, where a company takes a package from a distribution center to its destination. BMO estimates that last mile costs represent between 50% and 60% of total freight costs. But the firm also noted that delivering small packages, a major portion of last mile, “is the most profitable segment of the global goods transportation industry.”

The lucrative potential of a last mile drone network is why Loop says “everyone is watching” Amazon. The firm estimated that a fleet of 100,000 drones would save Amazon $1.2 billion per year.

“Drone delivery would be a significant cost savings and incremental revenue driver for Amazon,” Loop said.

Loop highlighted that Amazon founder Jeff Bezos announced the company’s drone delivery plans in 2013, which “was originally met with widespread derision.” Bezos’ optimistic forecasts aside, Loop thinks it won’t be much longer until his vision is realized.

“We believe widespread drone delivery is rapidly moving toward becoming a reality,” Bezos said.

But, while Amazon is one of the most visible programs, Loop said Alphabet’s Wing unit has a first mover advantage and international experience, already working with retailers in the U.S., Australia and Finland. Notably, Wing in October completed its first commercial drone delivery in Virginia – although Wing has only received limited FAA approval to delivery small package in a handful of Virginia cities.

Loop’s other early leader UPS is likewise conducting commercial flights, transporting blood samples on a hospital campus in North Carolina in September.

BMO is not quite as bullish as Loop on drone delivery, estimating it will still be another three years before it “becomes a commercial reality in the U.S.” There are a number of regulatory hurdles to clear before widespread drone networks could be utilized and a Pew Research Center survey two years ago found more than half of Americans disapproved of drones flying near homes.

But BMO said “the rapid rise in residential deliveries” will keep capital spending about historical averages, as companies seek to invest in everything from drone delivery to automation.


Company: cnbc, Activity: cnbc, Date: 2019-12-21  Authors: michael sheetz
Keywords: news, cnbc, companies, capital, delivery, analysts, wing, widespread, say, loop, mile, frontier, commercial, edge, ups, drone, regulatory, drones, early, amazon, alphabet, deliverys


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Asia stocks edge higher as investors await RBA minutes

Stocks in Asia traded higher Tuesday morning as sentiment continues to be buoyed by a recent phase one trade deal reached between Beijing and Washington. In Japan, the Nikkei 225 added 0.51% in early trade while the Topix index gained 0.43%. Meanwhile, shares in Australia edged higher in morning trade, as the S&P/ASX 200 rose fractionally. Overall, the MSCI Asia ex-Japan index traded 0.1% higher. Investors will await the release of the Reserve Bank of Australia’s minutes from its December moneta


Stocks in Asia traded higher Tuesday morning as sentiment continues to be buoyed by a recent phase one trade deal reached between Beijing and Washington.
In Japan, the Nikkei 225 added 0.51% in early trade while the Topix index gained 0.43%.
Meanwhile, shares in Australia edged higher in morning trade, as the S&P/ASX 200 rose fractionally.
Overall, the MSCI Asia ex-Japan index traded 0.1% higher.
Investors will await the release of the Reserve Bank of Australia’s minutes from its December moneta
Asia stocks edge higher as investors await RBA minutes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-17  Authors: eustance huang
Keywords: news, cnbc, companies, index, edge, traded, investors, rba, higher, rose, minutes, await, policy, morning, trade, stocks, shares, bank, monetary, asia


Asia stocks edge higher as investors await RBA minutes

Stocks in Asia traded higher Tuesday morning as sentiment continues to be buoyed by a recent phase one trade deal reached between Beijing and Washington.

In Japan, the Nikkei 225 added 0.51% in early trade while the Topix index gained 0.43%. The Kospi in South Korea also rose 0.35% as shares of industry heavyweight Samsung Electronics and SK Hynix both jumped by more than 1.5% each.

Meanwhile, shares in Australia edged higher in morning trade, as the S&P/ASX 200 rose fractionally.

Overall, the MSCI Asia ex-Japan index traded 0.1% higher.

Investors will await the release of the Reserve Bank of Australia’s minutes from its December monetary policy meting, where the central bank opted to leave the cash rate unchanged at 0.75%.

“The surprise in November was that the Minutes, unlike the earlier post-meeting statement, revealed that the Board ‘agreed that a case could be made to ease monetary policy’, but chose to stay on hold and wait for ‘another full assessment,'” Ray Attrill, head of foreign exchange strategy at National Australia Bank, wrote in a note.

“Whether or not they repeat this phrase, implying an active discussion of a potential rates cut, would be market moving, vis-a-vis expectations for a cut when the RBA returns in February, but the essential message is expected to be that a pause for assessment (of the impact of this year’s three cuts) is warranted,” Attrill said.


Company: cnbc, Activity: cnbc, Date: 2019-12-17  Authors: eustance huang
Keywords: news, cnbc, companies, index, edge, traded, investors, rba, higher, rose, minutes, await, policy, morning, trade, stocks, shares, bank, monetary, asia


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Asia stocks edge higher as Fed signals no rate hikes in 2020

The U.S. central bank left interest rates unchanged on Wednesday, a decision that was largely anticipated — capping a year where the Fed cut its benchmark rate three times. The central bank also indicated it does not expect any policy changes through at least 2020 . Meanwhile, shares in Australia declined in morning trade, with the S&P/ASX 200 around 0.5%. Stocks in Asia edged higher in Thursday morning trade after the U.S. Federal Reserve signaled overnight that it would not raise interest rate


The U.S. central bank left interest rates unchanged on Wednesday, a decision that was largely anticipated — capping a year where the Fed cut its benchmark rate three times.
The central bank also indicated it does not expect any policy changes through at least 2020 .
Meanwhile, shares in Australia declined in morning trade, with the S&P/ASX 200 around 0.5%.
Stocks in Asia edged higher in Thursday morning trade after the U.S. Federal Reserve signaled overnight that it would not raise interest rate
Asia stocks edge higher as Fed signals no rate hikes in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: eustance huang
Keywords: news, cnbc, companies, wolf, levels, fed, rate, 2020, stocks, interest, overnight, morning, asia, edge, market, trade, hikes, bank, dollar, signals, rates, higher


Asia stocks edge higher as Fed signals no rate hikes in 2020

Investors watched for market reaction to comments from the Fed. The U.S. central bank left interest rates unchanged on Wednesday, a decision that was largely anticipated — capping a year where the Fed cut its benchmark rate three times. The central bank also indicated it does not expect any policy changes through at least 2020 .

Meanwhile, shares in Australia declined in morning trade, with the S&P/ASX 200 around 0.5%.

The Nikkei 225 and Topix indexes in Japan hovered above the flatline in early trade, while South Korea’s Kospi added 0.87%.

Stocks in Asia edged higher in Thursday morning trade after the U.S. Federal Reserve signaled overnight that it would not raise interest rates in 2020.

Stocks stateside closed fractionally higher overnight following the Fed’s decision on interest rates. The Dow Jones Industrial Average rose 29.58 points to 27,911.30. The S&P 500 added 0.3% to 3,141.63 while the Nasdaq Composite gained 0.4% to 8,654.05.

Meanwhile, developments on U.S.-China trade will continue to be monitored ahead of Sunday, when additional tariffs on Chinese exports to the U.S. are set to kick in.

“It seems like the baseline is for an extension but not a deal, and certainly not a tariff rollback,” Alex Wolf, head of Asia investment strategy at J.P. Morgan Private Bank, told CNBC’s “Squawk Box” on Thursday.

“It seems like the market is taking a fairly benign view of that deadline, of course there are worries but my guess would be that … there’s more of an assumption that those will be extended, that those will not be put in place than there are that they will be,” Wolf said.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.411 after touching highs above 97.5 earlier.

The Japanese yen traded at 108.49 against the dollar after strengthening from levels above 108.6 yesterday. The Australian dollar was at $0.6873 after rising from levels below $0.681 in the previous session.


Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: eustance huang
Keywords: news, cnbc, companies, wolf, levels, fed, rate, 2020, stocks, interest, overnight, morning, asia, edge, market, trade, hikes, bank, dollar, signals, rates, higher


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