Consumers around the world are confident despite fragile global economy, data shows

The global economy may be fragile but consumers still feel good about their situation, new data from Ipsos shows. The Ipsos Global Consumer Confidence Index — which measures consumer confidence across 24 countries — came in at 48.7 for January, just 1.5 points below an all-time high of 50.2 set in May 2018. Consumers in the U.S., Great Britain, Argentina and South Africa were among the ones whose confidence grew the most, the data showed. This consumer resilience seen around the world comes even


The global economy may be fragile but consumers still feel good about their situation, new data from Ipsos shows.
The Ipsos Global Consumer Confidence Index — which measures consumer confidence across 24 countries — came in at 48.7 for January, just 1.5 points below an all-time high of 50.2 set in May 2018.
Consumers in the U.S., Great Britain, Argentina and South Africa were among the ones whose confidence grew the most, the data showed.
This consumer resilience seen around the world comes even
Consumers around the world are confident despite fragile global economy, data shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: fred imbert
Keywords: news, cnbc, companies, ipsos, economy, despite, manufacturing, confidence, consumer, situation, world, mexico, index, consumers, confident, data, level, global, shows, fragile


Consumers around the world are confident despite fragile global economy, data shows

A shopper carries an LG Electronics XBOOM RM2 loud speaker at a Walmart de Mexico SAB store during Buen Fin in Mexico City, Mexico, on Saturday, Nov. 16, 2019.

The global economy may be fragile but consumers still feel good about their situation, new data from Ipsos shows.

The Ipsos Global Consumer Confidence Index — which measures consumer confidence across 24 countries — came in at 48.7 for January, just 1.5 points below an all-time high of 50.2 set in May 2018. The index also bounced from its lowest level in two years. Consumers in the U.S., Great Britain, Argentina and South Africa were among the ones whose confidence grew the most, the data showed.

This consumer resilience seen around the world comes even as experts fret over the state of the global economy. In late December, the International Monetary Fund trimmed its global growth forecast for 2020 to 3.5% from 3.6%, citing potential risks geopolitical tensions and deflationary pressures.

Meanwhile, manufacturing activity in the euro zone contracted last month while the U.S. manufacturing sector fell to its worst level since June 2009.

Nicolas Boyon, senior vice president of public affairs at Ipsos, said consumers remain confident despite the slowdown given their employment security and market outlook.

“The job situation has improved in a lot of places,” he said. “Even in a number of European countries, it is better than it was five or 10 years ago.”

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Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: fred imbert
Keywords: news, cnbc, companies, ipsos, economy, despite, manufacturing, confidence, consumer, situation, world, mexico, index, consumers, confident, data, level, global, shows, fragile


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Asia stocks rise, yuan jumps amid increased trade optimism

Shares in Asia bounded higher on Tuesday as market sentiment improved ahead of the phase one trade deal signing between China and the U.S. later this week. Optimism rose further after Washington said Beijing was no longer a currency manipulator. The Shanghai composite traded down 0.28% to close at 3,106.82, and the Shenzhen composite fell 0.23% to 1,818.13. In December China’s trade surplus with the U.S. was $23.18 billion — down from $24.6 billion in November. Washington has demanded that Beiji


Shares in Asia bounded higher on Tuesday as market sentiment improved ahead of the phase one trade deal signing between China and the U.S. later this week.
Optimism rose further after Washington said Beijing was no longer a currency manipulator.
The Shanghai composite traded down 0.28% to close at 3,106.82, and the Shenzhen composite fell 0.23% to 1,818.13.
In December China’s trade surplus with the U.S. was $23.18 billion — down from $24.6 billion in November.
Washington has demanded that Beiji
Asia stocks rise, yuan jumps amid increased trade optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: weizhen tan
Keywords: news, cnbc, companies, washington, rose, optimism, amid, deal, stocks, shares, index, increased, asia, yuan, jumps, close, signing, trade, chinas, shenzhen, rise


Asia stocks rise, yuan jumps amid increased trade optimism

Shares in Asia bounded higher on Tuesday as market sentiment improved ahead of the phase one trade deal signing between China and the U.S. later this week. Optimism rose further after Washington said Beijing was no longer a currency manipulator.

The Nikkei 225 climbed 0.73% to close at 24,025.17 and the Topix index was up 0.31% to 1,740.53 after Japanese markets returned from a public holiday on Monday. Shares of technology conglomerate Softbank surged 3.51%.

In South Korea, the Kospi gained 0.43% to close at 2,238.88.

Australia’s S&P/ASX 200 jumped 0.85% as major miners gained. Fortescue Metals and Rio Tinto both jumped 1.85%, and BHP Group rose 1.32%.

Chinese markets were the outliers during Tuesday’s session. The Shanghai composite traded down 0.28% to close at 3,106.82, and the Shenzhen composite fell 0.23% to 1,818.13. The Shenzhen component lost 0.47% to close at 10,988.77.

Hong Kong’s Hang Seng index declined 0.28% during the last hour of trade.

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.18% by Tuesday afternoon.

China’s dollar-denominated imports from the U.S. rebounded in November and December, Reuters reported citing data from China’s customs released on Tuesday. It was the first time that its exports went up since March last year.

In December China’s trade surplus with the U.S. was $23.18 billion — down from $24.6 billion in November.

In particular, China’s soybean and pork imports from the U.S. significantly rebounded in December. Washington has demanded that Beijing buys more agricultural goods from the U.S. as part of their phase on trade deal — the signing of that agreement is set to happen on Wednesday in Washington. The deal is also expected to involve some rollback of tariffs.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: weizhen tan
Keywords: news, cnbc, companies, washington, rose, optimism, amid, deal, stocks, shares, index, increased, asia, yuan, jumps, close, signing, trade, chinas, shenzhen, rise


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Mainland stocks jump as investors await US-China phase one deal signing

Stocks in Asia mostly rose by the close on Monday as investors await the signing of a phase-one trade deal between the U.S. and China. The Shanghai composite rose 0.75% to close at 3,115.57, while the Shenzhen composite jumped 1.36% to 1,822.35. In South Korea, the Kospi rose 1.04% to close at 2,229.26, with cosmetics stocks notching significant gains. Australia’s S&P/ASX 200 bucked the trend, declining 0.37% to close at 6,903.70, with oil stocks seeing losses. Taiwan’s benchmark Taiex index ros


Stocks in Asia mostly rose by the close on Monday as investors await the signing of a phase-one trade deal between the U.S. and China.
The Shanghai composite rose 0.75% to close at 3,115.57, while the Shenzhen composite jumped 1.36% to 1,822.35.
In South Korea, the Kospi rose 1.04% to close at 2,229.26, with cosmetics stocks notching significant gains.
Australia’s S&P/ASX 200 bucked the trend, declining 0.37% to close at 6,903.70, with oil stocks seeing losses.
Taiwan’s benchmark Taiex index ros
Mainland stocks jump as investors await US-China phase one deal signing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: weizhen tan
Keywords: news, cnbc, companies, deal, stocks, jump, close, mainland, jumped, china, uschina, trade, shenzhen, investors, oil, phase, rose, index, signing, gains, await


Mainland stocks jump as investors await US-China phase one deal signing

Stocks in Asia mostly rose by the close on Monday as investors await the signing of a phase-one trade deal between the U.S. and China.

Mainland China markets jumped by the close. The Shanghai composite rose 0.75% to close at 3,115.57, while the Shenzhen composite jumped 1.36% to 1,822.35. The Shenzhen component was up 1.47% to 11,040.20.

Hong Kong’s Hang Seng index also bounced and was up 1.11% in its final hour of trade. Tech stocks notched gains, with Sunny Optical rising 2.61% and Lenovo surging 3.20%. Gaming company Razer shot up almost 10% in the morning before paring gains to last rise 8.33%. It announced earlier this month that it had submitted an application for a digital banking license in Singapore.

In South Korea, the Kospi rose 1.04% to close at 2,229.26, with cosmetics stocks notching significant gains. Japan’s markets are closed for a holiday on Monday.

Australia’s S&P/ASX 200 bucked the trend, declining 0.37% to close at 6,903.70, with oil stocks seeing losses. Origin Energy declined 1.72%, Woodside Petroleum was down 1.20%, and Santos tumbled 0.56%. Oil Search was off by 1.89%.

But gold stocks in Australia rallied on Monday to erase last week’s losses after prices fell following declining U.S.-Iran escalation risks. Evolution Mining surged 2.79%, and Kingsgate Consolidated jumped 1.14%.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.69%, after hitting its highest since 2018 last week.

Taiwan’s benchmark Taiex index rose 0.74% to close at 12,113.42.

Taiwan President Tsai Ing-wen was reelected in a landslide victory over the weekend elections. She beat her main opponent Han Kuo-yu of the Kuomintang party — which favors close ties with China — by more than 2.6 million votes. That could fuel further tension with China, which has tried to get the island to accept its rule by way of threats and economic inducements.

Meanwhile, the Philippine Stock Exchange suspended trading on Monday after a volcano near Manila spewed huge amounts of ash and steam, forcing flight cancellations and shutdowns of schools and government offices, according to a Reuters report.


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: weizhen tan
Keywords: news, cnbc, companies, deal, stocks, jump, close, mainland, jumped, china, uschina, trade, shenzhen, investors, oil, phase, rose, index, signing, gains, await


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Half of single seniors can’t pay for the basics. Here’s why Social Security’s not enough

Those individuals have incomes that are below a measure the researchers have developed called the Elder Index. The Elder Index measures the basic costs households face and how well they are able to meet those expenses. The tally for the Elder Index varies based on an individual’s or couple’s situation. For those who no longer have to pay a mortgage on their home, the Elder Index is $21,012 annually for an individual and $31,800 for a couple. The report found that more than 4 in 10 older singles


Those individuals have incomes that are below a measure the researchers have developed called the Elder Index.
The Elder Index measures the basic costs households face and how well they are able to meet those expenses.
The tally for the Elder Index varies based on an individual’s or couple’s situation.
For those who no longer have to pay a mortgage on their home, the Elder Index is $21,012 annually for an individual and $31,800 for a couple.
The report found that more than 4 in 10 older singles
Half of single seniors can’t pay for the basics. Here’s why Social Security’s not enough Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: lorie konish
Keywords: news, cnbc, companies, heres, retirement, elder, securitys, singles, basic, single, basics, university, index, half, seniors, pay, research, cant, social, older, dont


Half of single seniors can't pay for the basics. Here's why Social Security's not enough

Retirement is often called the golden years. Many elderly Americans probably wouldn’t describe it that way.

Recent research from the Center for Social and Demographic Research on Aging at the University of Massachusetts Boston found that many older Americans don’t have enough money to get by.

The report estimates that 50% of adults age 65 and older who live alone, and 23% who live in two-elder households don’t have enough money to cover their basic needs.

Those individuals have incomes that are below a measure the researchers have developed called the Elder Index.

The Elder Index measures the basic costs households face and how well they are able to meet those expenses. That includes food, housing, health care, transportation and other necessities. It does not cover extras such as entertainment, vacations or dining out.

The tally for the Elder Index varies based on an individual’s or couple’s situation. For those who no longer have to pay a mortgage on their home, the Elder Index is $21,012 annually for an individual and $31,800 for a couple.

More from Personal Finance:

Why Social Security doesn’t keep low-wage earners out of poverty

The retirement savings blind spot you don’t realize you have

Why retiring at 65 could become a thing of the past

Those estimates go up for those who rent — rising to $25,416 for singles and $36,204 for couples. And costs are even higher for those who are still paying off their mortgages — $32,064 for singles and $42,852 for couples.

The report found that more than 4 in 10 older singles in every state are at risk of not being able to afford their basic needs.

“We’re not seeing any improvement in the share of people who have incomes above the Elder Index,” said Jan E. Mutchler, professor of gerontology and director of the Center for Social and Demographic Research on Aging at the University of Massachusetts Boston.

“We’re seeing sustained high levels of people who do not appear to have the resources they really need to get by in retirement,” she said.


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: lorie konish
Keywords: news, cnbc, companies, heres, retirement, elder, securitys, singles, basic, single, basics, university, index, half, seniors, pay, research, cant, social, older, dont


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Why 2020 could be a big year for international stocks over US equities

Some analysts and strategists have been urging clients to move more of their portfolio into international stocks. The international index rose 18.1%, but the S&P 500 jumped more than 28%. The global stock market got a negative shock in the first trading days of 2020. The European stock market is more sensitive to the global economy than the U.S. market, Luschini said, similar to equities in emerging markets. Because Chinese growth has such a large impact on the world’s economy, even a slight imp


Some analysts and strategists have been urging clients to move more of their portfolio into international stocks.
The international index rose 18.1%, but the S&P 500 jumped more than 28%.
The global stock market got a negative shock in the first trading days of 2020.
The European stock market is more sensitive to the global economy than the U.S. market, Luschini said, similar to equities in emerging markets.
Because Chinese growth has such a large impact on the world’s economy, even a slight imp
Why 2020 could be a big year for international stocks over US equities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: jesse pound
Keywords: news, cnbc, companies, global, stocks, investors, luschini, big, markets, 2020, market, international, index, dollar, equities, stock


Why 2020 could be a big year for international stocks over US equities

A pedestrian looks at an electric quotation board displaying the numbers on the Nikkei 225 Index on the Tokyo Stock Exchange and various markets around the world, in Tokyo. Kazuhiro Nogi | AFP | Getty Images

Eased trade tensions between the United States and China and signs of a strengthening global economy could be good news for international equities and European stocks in particular, according to market strategists. Some analysts and strategists have been urging clients to move more of their portfolio into international stocks. That advice follows a strong run for the U.S. market that widened the gap between domestic and foreign equities and capped a dominant decade for U.S. stocks. Since 2010, the S&P 500 rose more than 188%, an annualized rate of about 11.2%. The MSCI World ex US index saw much more modest gains, climbing 50.5% overall or roughly 4.2% per year. “If your asset allocation has significant domestic exposure and little-to-no international equity exposure, we think now is an excellent time to make a shift,” Bespoke Investment Group said in a note to clients last month.

Last year was strong for stocks around the world, but the U.S. still took the lead. The international index rose 18.1%, but the S&P 500 jumped more than 28%. The global stock market got a negative shock in the first trading days of 2020. Equities slipped following the U.S. airstrike that killed a top Iranian military leader. However, oil prices have moderated and stocks have avoided a multi-day selloff.

Global rebound

Much of the optimism about international markets comes from global economic data, where both hard and soft indicators suggest that the global slowdown may have bottomed out. Measures of manufacturing and global trade have ticked up in recent months. “We have reasons to believe that this improvement in manufacturing and trade can be sustained,” Morgan Stanley chief economist Chetan Ahya said in a note to clients. The Eurozone is one area where investors should increase their exposure, according to Mark Luschini, chief investment strategist at Janney Montgomery Scott, in part due to positive signs about the Chinese economy. The European stock market is more sensitive to the global economy than the U.S. market, Luschini said, similar to equities in emerging markets. Because Chinese growth has such a large impact on the world’s economy, even a slight improvement could spill into international markets, Luschini said. “If China merely stabilizes its growth from the deceleration that it’s had the last couple years, that’ll go a long way to putting a positive impulse into these equity markets,” Luschini said. Europe was home to a few countries where stocks saw better years than the United States in 2019, including Russia and Greece. Italy was one of the best performing G-7 countries last year, with the FTSE MIB roughly matching with the S&P 500 last year with a 28.3% gain, measured in euros. The Stoxx 600, a major European index, gained 24% last year. Investors can gain exposure to all of Europe through total market exchange traded funds for the region, such as Vanguard’s FTSE Europe ETF, or individual countries through a more targeted funds like iShares MSCI Germany ETF.

Foreign exchange

Another opportunity for return from international markets comes from the relative strength of the dollar. If investors buy international stocks and the dollar weakens against that foreign currency, the total return could be more than the stock return once the currency is converted back to dollars. The dollar index is currently about 2% off its 52-week highs, but is roughly 9% above its recent lows in early 2018. “The so-called real broad dollar surged in 2015 and 2016, with another decent rally in 2018, but not much change in 2019,” Bespoke said. “As a result, the dollar looks relatively strong but not dramatically by any means.” The strength of the dollar is determined in part by the purchasing power of other countries, so global growth could mean that other currencies strengthen against the dollar. “If you do see emerging growth abroad, that should lead to a relatively weaker dollar, which would feed into the returns for U.S. based investors that are earned in overseas markets,” Luschini said.

Central banks, Iran remain risks


Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: jesse pound
Keywords: news, cnbc, companies, global, stocks, investors, luschini, big, markets, 2020, market, international, index, dollar, equities, stock


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Dow’s vies for 29,000 close, JP Morgan healthcare event, bank trade: 3 things to watch for Monday

Bryan R Smith | ReutersHere’s what you need to know about Monday before you hit the door for the weekend. The Dow Jones Industrial Average set a new intraday high on Friday, briefly topping the 29,000 level before finishing down slightly for the session. JP Morgan healthcare conferenceThe J.P. Morgan healthcare conference kicks off on Monday, with more than 450 companies slated to present over four days in San Francisco. J.P. Morgan research analysts said in a note to clients that four stocks, i


Bryan R Smith | ReutersHere’s what you need to know about Monday before you hit the door for the weekend.
The Dow Jones Industrial Average set a new intraday high on Friday, briefly topping the 29,000 level before finishing down slightly for the session.
JP Morgan healthcare conferenceThe J.P. Morgan healthcare conference kicks off on Monday, with more than 450 companies slated to present over four days in San Francisco.
J.P. Morgan research analysts said in a note to clients that four stocks, i
Dow’s vies for 29,000 close, JP Morgan healthcare event, bank trade: 3 things to watch for Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: jesse pound
Keywords: news, cnbc, companies, index, slightly, trade, watch, stocks, morgan, things, vies, conference, healthcare, close, dows, event, week, level


Dow's vies for 29,000 close, JP Morgan healthcare event, bank trade: 3 things to watch for Monday

A trader works on the floor at the closing bell of the New York Stock Exchange, December 30, 2019. Bryan R Smith | Reuters

Here’s what you need to know about Monday before you hit the door for the weekend.

Close above 29,000?

The Dow Jones Industrial Average set a new intraday high on Friday, briefly topping the 29,000 level before finishing down slightly for the session. If the Dow can finish above that level Monday, it will be the third new thousand-level threshold the index has broken through since the beginning of 2019. The index finished up slightly for the week, booking a gain of less than 1% as stocks mostly shrugged off the tensions between Iran and the United States. The Nasdaq and S&P 500 posted similar gains for the week, but all the major indexes following a weaker than expected jobs report.

JP Morgan healthcare conference

The J.P. Morgan healthcare conference kicks off on Monday, with more than 450 companies slated to present over four days in San Francisco. Jamie Dimon, the bank’s chief executive officer, and GlaxoSmithKline CEO Emma Walmsley are two of the keynote speakers for the event, which is expected to have about 9,000 attendees. Biotech stocks often see big price moves around the conference. J.P. Morgan research analysts said in a note to clients that four stocks, including Amarin and Mirati Therapeutics, rose more than 30% during the week of the conference last year. Over the past 19 years of the conference, biotech stocks have outperformed the S&P 500 during the week of the conference 84% of the time, J.P. Morgan said.

Last trades before bank earnings start


Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: jesse pound
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European stocks rebound as geopolitical fears abate; Aston Martin shares tumble

The pan-European Stoxx 600 climbed 0.7% early in the trading session, with tech stocks jumping out to 1.4% gains as all sectors and major bourses headed into the black. Market focus is largely attuned to geopolitical developments following Washington’s targeted killing of Iran’s top military commander Qasem Soleimani in Iraq. Equity markets fell the past two sessions amid a flight to safety, but look to be changing course as Monday passed with no new escalation in tensions. In Asia, equities ros


The pan-European Stoxx 600 climbed 0.7% early in the trading session, with tech stocks jumping out to 1.4% gains as all sectors and major bourses headed into the black.
Market focus is largely attuned to geopolitical developments following Washington’s targeted killing of Iran’s top military commander Qasem Soleimani in Iraq.
Equity markets fell the past two sessions amid a flight to safety, but look to be changing course as Monday passed with no new escalation in tensions.
In Asia, equities ros
European stocks rebound as geopolitical fears abate; Aston Martin shares tumble Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: elliot smith, ryan browne
Keywords: news, cnbc, companies, whatsoever, geopolitical, tumble, washingtons, gains, troops, iraq, european, climbed, fears, rose, rebound, japan, trading, stocks, index, shares, aston, martin, abate


European stocks rebound as geopolitical fears abate; Aston Martin shares tumble

The pan-European Stoxx 600 climbed 0.7% early in the trading session, with tech stocks jumping out to 1.4% gains as all sectors and major bourses headed into the black.

Market focus is largely attuned to geopolitical developments following Washington’s targeted killing of Iran’s top military commander Qasem Soleimani in Iraq. Equity markets fell the past two sessions amid a flight to safety, but look to be changing course as Monday passed with no new escalation in tensions.

Confusion arose however as a letter surfaced showing U.S. plans to pull troops from Iraq, only to be followed by Defense Secretary Mark Esper labeling it “inconsistent” and stating “there has been no decision whatsoever to leave.”

In Asia, equities rose with Japan leading the gains. The Nikkei 225 and Topix Index both rose around 1.5%, while MSCI’s broadest index of Asian shares excluding Japan climbed almost 0.8%.


Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: elliot smith, ryan browne
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December’s ISM non-manufacturing index signals better-than-expected expansion

The Institute for Supply Management’s non-manufacturing index climbed to 55 last month from 53.9 in November. The services reading is a stark contrast from ISM’s manufacturing index, which fell last month to its lowest level since June 2009. Employment in the sector decreased slightly last month from November, while prices were unchanged. China and the U.S. agreed in December to sign a so-called phase one trade deal this month. News of the partial resolution lifted sentiment in capital markets a


The Institute for Supply Management’s non-manufacturing index climbed to 55 last month from 53.9 in November.
The services reading is a stark contrast from ISM’s manufacturing index, which fell last month to its lowest level since June 2009.
Employment in the sector decreased slightly last month from November, while prices were unchanged.
China and the U.S. agreed in December to sign a so-called phase one trade deal this month.
News of the partial resolution lifted sentiment in capital markets a
December’s ISM non-manufacturing index signals better-than-expected expansion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: fred imbert
Keywords: news, cnbc, companies, index, nonmanufacturing, ism, signals, trade, services, resolution, supply, slightly, decembers, expansion, month, partial, respondents, sector, reading, betterthanexpected


December's ISM non-manufacturing index signals better-than-expected expansion

Servers fill glasses with water at guest’s tables before an event in Washington, D.C.

Activity in the U.S. services sector rose slightly in December as businesses felt relieved by a partial trade agreement between the U.S. and China, data released Tuesday showed.

The Institute for Supply Management’s non-manufacturing index climbed to 55 last month from 53.9 in November. Economists polled by Dow Jones expected the reading to come in at 54.3.

The services reading is a stark contrast from ISM’s manufacturing index, which fell last month to its lowest level since June 2009.

“The respondents are positive about the potential resolution on tariffs,” Anthony Nieves, chair of The Institute for Supply Management, said in a statement. “However, respondents continue to have difficulty with labor resources.”

Employment in the sector decreased slightly last month from November, while prices were unchanged. Business activity, meanwhile, climbed by 5.6 points to 57.2.

China and the U.S. agreed in December to sign a so-called phase one trade deal this month. President Donald Trump later said the agreement would be signed on Jan. 15.

News of the partial resolution lifted sentiment in capital markets and sent U.S. stocks to all-time highs heading into 2020.


Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: fred imbert
Keywords: news, cnbc, companies, index, nonmanufacturing, ism, signals, trade, services, resolution, supply, slightly, decembers, expansion, month, partial, respondents, sector, reading, betterthanexpected


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European stocks decline as US-Iran tensions fuel safe haven buying

European stocks traded lower on Monday, as investors monitored rising tensions between the United States and Iran . Oil is also surging on the back of intensifying U.S.-Iran tensions, amid fears it could disrupt supply in the Middle East. Meanwhile, Iran has declared it will no longer adhere to uranium enrichment restrictions agreed under the 2015 nuclear deal. The Nikkei 225 dived 1.9% while MSCI’s broadest index of Asia-Pacific shares excluding Japan slipped 1%. He’ll have another chance on Tu


European stocks traded lower on Monday, as investors monitored rising tensions between the United States and Iran .
Oil is also surging on the back of intensifying U.S.-Iran tensions, amid fears it could disrupt supply in the Middle East.
Meanwhile, Iran has declared it will no longer adhere to uranium enrichment restrictions agreed under the 2015 nuclear deal.
The Nikkei 225 dived 1.9% while MSCI’s broadest index of Asia-Pacific shares excluding Japan slipped 1%.
He’ll have another chance on Tu
European stocks decline as US-Iran tensions fuel safe haven buying Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, japan, buying, iran, safe, haven, traded, slipped, usiran, tensions, fuel, decline, parliament, iraq, stocks, european, losses, index


European stocks decline as US-Iran tensions fuel safe haven buying

European stocks traded lower on Monday, as investors monitored rising tensions between the United States and Iran .

The pan-European Stoxx 600 slipped 0.7% in early deals, with chemicals and travel stocks falling more than 1.2% to lead losses as all sectors except oil and gas, which spiked a further 1%, traded in the red.

Market players are fleeing riskier assets like equities in favor of safer alternatives like gold and bonds after a U.S. airstrike last week killed Iran’s top military commander, Qasem Soleimani, in Iraq. The attack has heightened already-volatile relations between Washington and Tehran.

Oil is also surging on the back of intensifying U.S.-Iran tensions, amid fears it could disrupt supply in the Middle East. Brent crude futures were up 2.3%, or $1.56, at $70.16 a barrel at 6:46 a.m. London time. U.S. West Texas Intermediate (WTI) crude futures climbed 2%, or $1.25, to $64.31.

Over the weekend, Iraq’s parliament passed a resolution calling for the government to expel foreign troops from the country. President Donald Trump responded by threatening to impose sanctions on Iraq. Meanwhile, Iran has declared it will no longer adhere to uranium enrichment restrictions agreed under the 2015 nuclear deal.

In Asia, markets mostly fell with Japan leading the losses. The Nikkei 225 dived 1.9% while MSCI’s broadest index of Asia-Pacific shares excluding Japan slipped 1%.

Back in Europe, Spanish Socialist leader Pedro Sanchez failed to secure parliament backing to form a government. He’ll have another chance on Tuesday, when another vote will be held in which he only requires a simple majority.

In terms of data, German retail sales for November and euro zone composite PMI (purchasing managers’ index) for December are due to be released later this morning.


Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, japan, buying, iran, safe, haven, traded, slipped, usiran, tensions, fuel, decline, parliament, iraq, stocks, european, losses, index


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Japan leads losses across Asia amid US-Iran tensions; oil prices jump more than 2%

A man looks at a screen showing global stock market information on the street in Tokyo, Japan. Asia markets mostly fell on Monday following heightened geopolitical tensions in the Middle East. Japanese shares returned for their first day of trade with the benchmark Nikkei 225 declining 1.91% to close at 23,204.86 while the Topix index fell 1.39% to 1,697.49. In South Korea, the Kospi index fell 0.98% to 2,155.07. Oil prices surged 3% on Friday on worries that potential conflict between the U.S.


A man looks at a screen showing global stock market information on the street in Tokyo, Japan.
Asia markets mostly fell on Monday following heightened geopolitical tensions in the Middle East.
Japanese shares returned for their first day of trade with the benchmark Nikkei 225 declining 1.91% to close at 23,204.86 while the Topix index fell 1.39% to 1,697.49.
In South Korea, the Kospi index fell 0.98% to 2,155.07.
Oil prices surged 3% on Friday on worries that potential conflict between the U.S.
Japan leads losses across Asia amid US-Iran tensions; oil prices jump more than 2% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, killed, japan, leads, asia, index, fell, oil, amid, shenzhen, usiran, tensions, jump, australia, shares, prices, losses, trade, markets, south


Japan leads losses across Asia amid US-Iran tensions; oil prices jump more than 2%

A man looks at a screen showing global stock market information on the street in Tokyo, Japan.

Asia markets mostly fell on Monday following heightened geopolitical tensions in the Middle East.

Japanese shares returned for their first day of trade with the benchmark Nikkei 225 declining 1.91% to close at 23,204.86 while the Topix index fell 1.39% to 1,697.49. In South Korea, the Kospi index fell 0.98% to 2,155.07.

Hong Kong’s Hang Seng index was down 1.11% in afternoon trade. Chinese mainland markets mostly bucked the downward trend by the close: The Shanghai composite eased morning gains to trade near flat at 3,083.41. The Shenzhen composite rose 0.44% to 1,768.68 and the Shenzhen component was up 0.39% to 10,698.27.

In Australia, the ASX 200 finished near flat, with the heavily weighted financials subindex retracing some of its earlier losses to trade down 0.58% as shares of major banks in the country declined. But, the energy sector rose 1.27%.

Global tensions elevated late last week after Iran’s top military commander was killed in a U.S. airstrike in Baghdad, which raised concerns of retaliation from Iranian forces. The Iranian regime said Sunday that it would no longer abide by uranium enrichment limits established in the 2015 nuclear deal, which the U.S. unilaterally withdrew from in 2018.

On Sunday, Trump threatened to slap sanctions on Iraq after its parliament passed a resolution calling for the government to expel foreign troops from the country, following the U.S. airstrike carried out on its soil.

Futures pointed to a lower open in the U.S. — the implied open for the Dow Jones Industrial Average was down 130.88 points as of 2:00 a.m. ET.

Oil prices surged 3% on Friday on worries that potential conflict between the U.S. and Iran could disrupt energy production in the region.

Prices climbed further Monday afternoon in Asia: U.S. crude futures were up 1.97% at $64.29 per barrel and global benchmark Brent added 2.33% to $70.20.

“Geopolitical tensions look like remaining elevated in coming days, so lending support to oil prices and keeping risk asset markets on the defensive, including ‘growth’ currencies,” Ray Attrill, head of foreign-exchange strategy at the National Australia Bank, wrote in a morning note.

Elsewhere, Australia has been grappling with a devastating fire season that’s expected to worsen as the summer months continue. Wildfires have killed at least 18 people so far, destroyed more than 1,000 homes and nine million acres. Nearly half a billion animals in the state of New South Wales are said to have been killed by the blazes in the last few months and the death toll is expected to rise.

One expert predicted that the bushfires could be a ‘big drag’ on Australia’s growth.


Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, killed, japan, leads, asia, index, fell, oil, amid, shenzhen, usiran, tensions, jump, australia, shares, prices, losses, trade, markets, south


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