US futures point to slightly higher open on Wall Street

U.S. stock index futures were slightly higher on Friday morning. ET, Dow futures were up 35 points, indicating a positive open of about 46 points. S&P 500 and Nasdaq futures were also just above the flatline. The virus originated in China, but cases have also been reported in the U.S., Japan and South Korea. The World Health Organization on Thursday called the outbreak an “emergency in China,” but stopped short of saying it constituted a global public health emergency.


U.S. stock index futures were slightly higher on Friday morning.
ET, Dow futures were up 35 points, indicating a positive open of about 46 points.
S&P 500 and Nasdaq futures were also just above the flatline.
The virus originated in China, but cases have also been reported in the U.S., Japan and South Korea.
The World Health Organization on Thursday called the outbreak an “emergency in China,” but stopped short of saying it constituted a global public health emergency.
US futures point to slightly higher open on Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-24
Keywords: news, cnbc, companies, world, higher, point, futures, health, china, virus, toll, wall, points, subdued, slightly, cases, open, street


US futures point to slightly higher open on Wall Street

U.S. stock index futures were slightly higher on Friday morning.

At around 2 a.m. ET, Dow futures were up 35 points, indicating a positive open of about 46 points. S&P 500 and Nasdaq futures were also just above the flatline.

Global equities have been subdued recently by fears of the China coronavirus spreading, with the death toll rising to 25 and the number of confirmed cases increasing to 830. The virus originated in China, but cases have also been reported in the U.S., Japan and South Korea.

The World Health Organization on Thursday called the outbreak an “emergency in China,” but stopped short of saying it constituted a global public health emergency.

In corporate news, American Express is due to report earnings before the bell Friday.

Meanwhile in economic data, manufacturing figures for January are due at 9:45 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2020-01-24
Keywords: news, cnbc, companies, world, higher, point, futures, health, china, virus, toll, wall, points, subdued, slightly, cases, open, street


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Asia stocks subdued amid heightened concerns over coronavirus

Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far. The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%. The Topix index dipped slightly. Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%. Overall, the MSCI Asia ex-Japan index was largely flat.


Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far.
The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%.
The Topix index dipped slightly.
Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%.
Overall, the MSCI Asia ex-Japan index was largely flat.
Asia stocks subdued amid heightened concerns over coronavirus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: eustance huang
Keywords: news, cnbc, companies, korea, flat, topix, coronavirus, asia, subdued, trade, morning, stocks, concerns, amid, heightened, index, quarter, largely


Asia stocks subdued amid heightened concerns over coronavirus

Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far.

The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%. The Topix index dipped slightly.

The Kospi in South Korea hovered around the flatline. The Bank of Korea said Wednesday the country’s economy grew 1.2% on a seasonally adjusted basis in the fourth quarter as compared with three months earlier. That was the fastest expansion since the third quarter of 2017, beating an estimated 0.8% growth from a Reuters poll.

Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%.

Overall, the MSCI Asia ex-Japan index was largely flat.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: eustance huang
Keywords: news, cnbc, companies, korea, flat, topix, coronavirus, asia, subdued, trade, morning, stocks, concerns, amid, heightened, index, quarter, largely


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US producer prices barely rise as services remain subdued

U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year. The Labor Department said on Wednesday its producer price index for final demand ticked up 0.1% last month after being unchanged in November. For all of 2019, the PPI rose 1.3%. Excluding the volatile food, energy and trade services components, producer prices


U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.
The Labor Department said on Wednesday its producer price index for final demand ticked up 0.1% last month after being unchanged in November.
For all of 2019, the PPI rose 1.3%.
Excluding the volatile food, energy and trade services components, producer prices
US producer prices barely rise as services remain subdued Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15
Keywords: news, cnbc, companies, ppi, months, services, subdued, rise, remain, prices, trade, smallest, barely, rose, unchanged, producer


US producer prices barely rise as services remain subdued

U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.

The Labor Department said on Wednesday its producer price index for final demand ticked up 0.1% last month after being unchanged in November. In the 12 months through December, the PPI increased 1.3% after gaining 1.1% in November.

For all of 2019, the PPI rose 1.3%. That was the smallest gain since 2015 and followed a 2.6% increase in 2018.

Economists polled by Reuters had forecast the PPI climbing 0.2% in December and advancing 1.3% on a year-on-year basis.

Excluding the volatile food, energy and trade services components, producer prices also nudged up 0.1% in December after being unchanged in November. The so-called core PPI rose 1.5% in the 12 months through December after gaining 1.3% in November. Core PPI increased 1.5% in 2019, also the smallest advance since 2015, after rising 2.8% in 2018.

U.S. financial markets were little moved by the data as investors awaited the signing on Wednesday of a preliminary trade deal between the United States and China, a first step toward diffusing an 18-month trade war.


Company: cnbc, Activity: cnbc, Date: 2020-01-15
Keywords: news, cnbc, companies, ppi, months, services, subdued, rise, remain, prices, trade, smallest, barely, rose, unchanged, producer


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Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO

The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day. Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales. Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations. Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top exe


The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day.
Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales.
Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations.
Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top exe
Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-25
Keywords: news, cnbc, companies, high, japan, ipo, post, holdings, nikkei, stocks, shares, chinese, subdued, lost, trade, railway, week, beijingshanghai, insurance, investors, speed, ticked


Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO

Japan’s Nikkei share average dipped in holiday-thinned trade on Wednesday while Nissan dropped after a top executive tasked with leading a recovery at the troubled automaker decided to resign just weeks into his new job.

The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day.

Many Asia markets were closed on Christmas, including South Korea, Australia and Hong Kong.

While the Nikkei was not far from a 14-month high of 24,091 hit last week, its rally on the back of optimism on the global economic outlook and U.S.-China trade negotiations has petered out with many players away for holidays.

Given the dearth of big macroeconomic events, traders focused on some shares that had some news.

Nissan Motor fell 2.2% to its lowest in nearly four months after Jun Seki, its vice chief operating officer and a former contender for CEO, said he was leaving the firm to become the president of Nidec Corp.

His decision is seen as a potential blow to the automaker’s push to turn the corner on a scandal involving ousted former Chairman Carlos Ghosn and slumping sales.

Nissan shares marked the biggest drop among the 225 constituents of the Nikkei average. Nidec shares were down 0.1%.

Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales.

Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations.

Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top executives at Japan Post Insurance will resign this week over the improper sales of insurance policies.

Japan Post Insurance has been marred by the scandal for months and its shares have lost almost 30% of their value so far this year, compared to 19% gains in the Nikkei.


Company: cnbc, Activity: cnbc, Date: 2019-12-25
Keywords: news, cnbc, companies, high, japan, ipo, post, holdings, nikkei, stocks, shares, chinese, subdued, lost, trade, railway, week, beijingshanghai, insurance, investors, speed, ticked


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Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO

The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day. Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales. Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations. Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top exe


The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day.
Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales.
Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations.
Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top exe
Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-25
Keywords: news, cnbc, companies, investors, beijingshanghai, insurance, stocks, high, railway, ipo, week, shares, nikkei, subdued, speed, chinese, ticked, trade, post, lost, holdings, japan


Japan and Chinese stocks subdued; investors await Beijing-Shanghai High Speed Railway IPO

Japan’s Nikkei share average dipped in holiday-thinned trade on Wednesday while Nissan dropped after a top executive tasked with leading a recovery at the troubled automaker decided to resign just weeks into his new job.

The Nikkei 225 ticked down 0.17% while the broader Topix lost 0.42% by mid-day.

Many Asia markets were closed on Christmas, including South Korea, Australia and Hong Kong.

While the Nikkei was not far from a 14-month high of 24,091 hit last week, its rally on the back of optimism on the global economic outlook and U.S.-China trade negotiations has petered out with many players away for holidays.

Given the dearth of big macroeconomic events, traders focused on some shares that had some news.

Nissan Motor fell 2.2% to its lowest in nearly four months after Jun Seki, its vice chief operating officer and a former contender for CEO, said he was leaving the firm to become the president of Nidec Corp.

His decision is seen as a potential blow to the automaker’s push to turn the corner on a scandal involving ousted former Chairman Carlos Ghosn and slumping sales.

Nissan shares marked the biggest drop among the 225 constituents of the Nikkei average. Nidec shares were down 0.1%.

Shimamura tumbled 7.1% after the clothing retailer cut its profit estimates for the year to February by about 25%, citing weak sales.

Sugi Holdings lost 6.7% after earnings the drugstore chain operator’s quarterly earnings fell short of strong market expectations.

Japan Post Insurance dropped 2.1% and its parent Japan Post Holdings ticked down 0.3% amid media report that the CEO of Japan Post Holdings and two top executives at Japan Post Insurance will resign this week over the improper sales of insurance policies.

Japan Post Insurance has been marred by the scandal for months and its shares have lost almost 30% of their value so far this year, compared to 19% gains in the Nikkei.


Company: cnbc, Activity: cnbc, Date: 2019-12-25
Keywords: news, cnbc, companies, investors, beijingshanghai, insurance, stocks, high, railway, ipo, week, shares, nikkei, subdued, speed, chinese, ticked, trade, post, lost, holdings, japan


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Palladium drops over 5% as investors lock in profits; gold subdued

Palladium slumped more than 5% on Friday, erasing more than $100 per ounce in the session, as investors booked profits following a strong record run, while gold prices were subdued as investors remained on the sidelines ahead of the holiday season. Spot palladium shed 5% to $1,839.47 an ounce, on track for its biggest percentage fall since early August. And there are investors who are buying gold as a backstop if that thing is to turn,” Haberkorn added. Recent positive economic data and optimism


Palladium slumped more than 5% on Friday, erasing more than $100 per ounce in the session, as investors booked profits following a strong record run, while gold prices were subdued as investors remained on the sidelines ahead of the holiday season.
Spot palladium shed 5% to $1,839.47 an ounce, on track for its biggest percentage fall since early August.
And there are investors who are buying gold as a backstop if that thing is to turn,” Haberkorn added.
Recent positive economic data and optimism
Palladium drops over 5% as investors lock in profits; gold subdued Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20
Keywords: news, cnbc, companies, gold, record, subdued, investors, senior, lock, ounce, week, palladium, drops, war, profits, trade, track, silver


Palladium drops over 5% as investors lock in profits; gold subdued

An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016.

Palladium slumped more than 5% on Friday, erasing more than $100 per ounce in the session, as investors booked profits following a strong record run, while gold prices were subdued as investors remained on the sidelines ahead of the holiday season.

Spot palladium shed 5% to $1,839.47 an ounce, on track for its biggest percentage fall since early August.

“Palladium got so close to the $2,000 level and now the fact that it’s broken down two days in a row, the pull back here shows that the technical in the market has taken over,” said Bob Haberkorn, senior market strategist at RJO Futures. “When the markets are overextended, the corrections tend to become pretty dramatic.”

The auto-catalyst metal hit by supply deficit scaled an all-time peak of $1,998.43 an ounce earlier this week. Prices of palladium has risen about 46% so far this year.

Meanwhile, spot gold was little changed at $1,477.40 an ounce, but was on track for a modest weekly rise. U.S. gold futures settled 0.2% lower at $1,480.90 an ounce.

“There are concerns that the stocks are so hot right now. And there are investors who are buying gold as a backstop if that thing is to turn,” Haberkorn added.

World stock markets touched record highs, while the U.S. dollar was set for its best week in six against a basket of currencies.

Gains in bullion were limited after data showed U.S. economic growth edged up in the third quarter amid signs the economy more or less maintained the moderate pace of expansion as the year ended.

Recent positive economic data and optimism around the U.S.-China trade war has fuelled expectations that the U.S. Federal Reserve is unlikely to cut interest rates again in the near future. U.S. Treasury Secretary Steven Mnuchin said the United States and China would sign their so-called Phase 1 trade pact in early January.

Safe-haven gold has so far gained more than 15% in the year on global recessionary fears, owing to the 17-month trade war between the two largest economies. The likelihood that negotiations are proceeding smoothly has drawn some attention away from gold.

“Traders and investors are turning their attention to the upcoming holidays, including squaring their books, so trading interest and volumes are likely to wane the next couple weeks,” Kitco Metals senior analyst Jim Wyckoff said in a note.

Platinum eased 2.2% to $913.64 per ouce, while silver rose 0.6% to $17.15 an ounce. Silver extended gains into a second week, up 1.4%.


Company: cnbc, Activity: cnbc, Date: 2019-12-20
Keywords: news, cnbc, companies, gold, record, subdued, investors, senior, lock, ounce, week, palladium, drops, war, profits, trade, track, silver


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Asia markets set to trade subdued as Fed’s Powell indicates rates unlikely to change

Stocks in Asia were set to trade subdued on Thursday as Fed Chairman Jerome Powell indicated that interest rates were unlikely to change going forward. Futures pointed to a little changed open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,315 and its counterpart in Osaka at 23,310. Meanwhile, shares in Australia nudged lower in early trade, with the S&P/ASX 200 about 0.1% lower. Investors will await the release of Australian employment data for October, expected to be ou


Stocks in Asia were set to trade subdued on Thursday as Fed Chairman Jerome Powell indicated that interest rates were unlikely to change going forward.
Futures pointed to a little changed open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,315 and its counterpart in Osaka at 23,310.
Meanwhile, shares in Australia nudged lower in early trade, with the S&P/ASX 200 about 0.1% lower.
Investors will await the release of Australian employment data for October, expected to be ou
Asia markets set to trade subdued as Fed’s Powell indicates rates unlikely to change Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, trade, expected, feds, war, tariff, subdued, powell, indicates, nikkei, lower, uschina, set, change, markets, rates, unlikely


Asia markets set to trade subdued as Fed's Powell indicates rates unlikely to change

Stocks in Asia were set to trade subdued on Thursday as Fed Chairman Jerome Powell indicated that interest rates were unlikely to change going forward.

Futures pointed to a little changed open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,315 and its counterpart in Osaka at 23,310. The Nikkei 225 last closed at 23,319.87. Japan GDP for the third quarter is expected to be out around 7:50 a.m. HK/SIN.

Meanwhile, shares in Australia nudged lower in early trade, with the S&P/ASX 200 about 0.1% lower. Investors will await the release of Australian employment data for October, expected to be out around 8:30 a.m. HK/SIN.

Developments in U.S.-China trade will continue to be monitored, with a reported impasse being hit between the two economic powerhouses as they seek to finalize a limited trade agreement amid a tariff war that has lasted for more than a year.


Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: eustance huang
Keywords: news, cnbc, companies, stocks, trade, expected, feds, war, tariff, subdued, powell, indicates, nikkei, lower, uschina, set, change, markets, rates, unlikely


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Asia stocks subdued as weak Europe data fuel growth fears

Stocks in Asia struggled for direction on Tuesday as weak economic data in Europe fueled fears of slowing growth and weighed on investor sentiment. The Shenzhen composite also rose 0.331% to approximately 1,665.56. The Topix index also gained 0.42% to end its trading day at 1,622.94. Over in South Korea, the Kospi closed 0.45% higher at 2,101.04, while Australia’s S&P/ASX 200 finished its trading day just below the flatline at 6,748.90. Overall, the MSCI Asia ex-Japan index rose 0.05%.


Stocks in Asia struggled for direction on Tuesday as weak economic data in Europe fueled fears of slowing growth and weighed on investor sentiment. The Shenzhen composite also rose 0.331% to approximately 1,665.56. The Topix index also gained 0.42% to end its trading day at 1,622.94. Over in South Korea, the Kospi closed 0.45% higher at 2,101.04, while Australia’s S&P/ASX 200 finished its trading day just below the flatline at 6,748.90. Overall, the MSCI Asia ex-Japan index rose 0.05%.
Asia stocks subdued as weak Europe data fuel growth fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: eustance huang
Keywords: news, cnbc, companies, trading, shenzhen, shares, hong, weak, higher, composite, closed, subdued, growth, europe, rose, asia, data, stocks, index, fears, day, fuel


Asia stocks subdued as weak Europe data fuel growth fears

Stocks in Asia struggled for direction on Tuesday as weak economic data in Europe fueled fears of slowing growth and weighed on investor sentiment.

Shares on mainland China edged up on the day, with the Shanghai composite adding 0.28% to about 2,985.34 and the Shenzhen component gaining 0.31% to 9,811.38. The Shenzhen composite also rose 0.331% to approximately 1,665.56.

Meanwhile, Hong Kong’s Hang Seng index advanced 0.24%, as of its final hour of trading. Shares of Anheuser-Busch InBev’s Asian business were priced at HK$27 apiece, the bottom of the range in the firm’s second attempt at listing in Hong Kong. The stock is scheduled to start trading on Sept. 30.

In Japan, the Nikkei 225 closed fractionally higher at 22,098.84 despite shares of index heavyweights Fast Retailing and Softbank Group declining 1.16% and 1.82%, respectively. The Topix index also gained 0.42% to end its trading day at 1,622.94.

Over in South Korea, the Kospi closed 0.45% higher at 2,101.04, while Australia’s S&P/ASX 200 finished its trading day just below the flatline at 6,748.90.

Overall, the MSCI Asia ex-Japan index rose 0.05%.


Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: eustance huang
Keywords: news, cnbc, companies, trading, shenzhen, shares, hong, weak, higher, composite, closed, subdued, growth, europe, rose, asia, data, stocks, index, fears, day, fuel


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Euro remains subdued before key ECB meeting this week

Leveraged funds have increased their net short positions on the euro, expecting the ECB to cut interest rates, announce it will buy government bonds or other European assets, or both. “ECB watchers are confident there could be a 20 bps cut and so the potential surprise (for the euro) on the rate cut isn’t that big,” said Esther Maria Reichelt, a Commerzbank analyst. “It’s far more difficult to assess what kind of unconventional measures” the ECB could use to stimulate the euro zone economy, whic


Leveraged funds have increased their net short positions on the euro, expecting the ECB to cut interest rates, announce it will buy government bonds or other European assets, or both. “ECB watchers are confident there could be a 20 bps cut and so the potential surprise (for the euro) on the rate cut isn’t that big,” said Esther Maria Reichelt, a Commerzbank analyst. “It’s far more difficult to assess what kind of unconventional measures” the ECB could use to stimulate the euro zone economy, whic
Euro remains subdued before key ECB meeting this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-09
Keywords: news, cnbc, companies, remains, european, rate, cut, key, traders, ecb, subdued, far, dollar, sept, meeting, positions, euro, week


Euro remains subdued before key ECB meeting this week

The euro fell to a five-day low against the dollar Monday as investors remained convinced the European Central Bank would introduce a new wave of monetary policy stimulus at its meeting on Thursday.

Leveraged funds have increased their net short positions on the euro, expecting the ECB to cut interest rates, announce it will buy government bonds or other European assets, or both.

Other global central banks are already loosening monetary policy, including the People’s Bank of China, which on Friday cut the amount of cash that banks must hold as reserves.

“ECB watchers are confident there could be a 20 bps cut and so the potential surprise (for the euro) on the rate cut isn’t that big,” said Esther Maria Reichelt, a Commerzbank analyst.

“It’s far more difficult to assess what kind of unconventional measures” the ECB could use to stimulate the euro zone economy, which “could have a far bigger impact on the euro,” Reichelt said.

Money markets are pricing in a 72% chance the ECB will cut rates by 20 basis points on Thursday, lower expectations than last week. Some analysts suggest the ECB will start buying euro zone equities, not just government bonds, in a new wave of quantitative easing.

The euro was neutral against the dollar in early London trade at $1.1033. It slipped to $1.10155 overnight, its weakest since Sept. 4.

Hedge funds have added more short euro positions, taking the amount of contracts to $6.74 billion in the week to Sept. 3, the highest in a month, though positions were not as big as in April.

The dollar index, which tracks the U.S. currency against six other currencies, was flat at 98.438. The dollar was confined to a narrow range against the yen as traders weighed the prospect of U.S. rate cuts against their demand for safe-haven assets. Dollar/yen was last flat at 106.93.

The Federal Reserve will continue to act “as appropriate” to sustain the U.S. economic expansion, Fed Chair Jerome Powell said Friday in Zurich, bolstering expectations for a rate cut at the Fed’s meeting on Sept. 18.

Elsewhere, the Australian dollar, a proxy for risk, jumped to a five-week high of 0.68625 against the U.S. dollar as traders became more optimistic that China would withstand the impact of trade disputes with the United States, after its central bank cut its reserve rate ratio.

The New Zealand dollar held onto gains, trading at 0.6419 against the U.S. dollar, not far from the four-week high of 0.6444 it reached on Friday.

Sterling was down 0.4% at $1.2235 as traders waited to see whether the British parliament would vote to hold an early general election before the Oct. 31 Brexit deadline. If a snap election were held and the Conservative Party won, it could scrap recent legislation to extend Britain’s exit from the European Union for a third time. Against the euro, sterling was 0.5% lower at 90.13.


Company: cnbc, Activity: cnbc, Date: 2019-09-09
Keywords: news, cnbc, companies, remains, european, rate, cut, key, traders, ecb, subdued, far, dollar, sept, meeting, positions, euro, week


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Asia stocks subdued as investors look ahead to jobs report stateside

Stocks in Asia were muted on Friday ahead of the release of the U.S. nonfarm payrolls report, which may provide clues as on whether the Federal Reserve will cut interest rates at its July monetary policy meeting. Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.19% to about 3,011.06 and the Shenzhen component adding 0.8% to 9,443.22. The Shenzhen composite was higher by 0.626% to approximately 1,601.20. Over in Hong Kong, the Hang Seng index was 0.13% lower, as of


Stocks in Asia were muted on Friday ahead of the release of the U.S. nonfarm payrolls report, which may provide clues as on whether the Federal Reserve will cut interest rates at its July monetary policy meeting. Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.19% to about 3,011.06 and the Shenzhen component adding 0.8% to 9,443.22. The Shenzhen composite was higher by 0.626% to approximately 1,601.20. Over in Hong Kong, the Hang Seng index was 0.13% lower, as of
Asia stocks subdued as investors look ahead to jobs report stateside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: eustance huang
Keywords: news, cnbc, companies, trading, asia, composite, investors, economy, look, shenzhen, day, fell, subdued, stocks, report, ahead, budget, yearsin, jobs, stateside, higher


Asia stocks subdued as investors look ahead to jobs report stateside

Stocks in Asia were muted on Friday ahead of the release of the U.S. nonfarm payrolls report, which may provide clues as on whether the Federal Reserve will cut interest rates at its July monetary policy meeting.

Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.19% to about 3,011.06 and the Shenzhen component adding 0.8% to 9,443.22. The Shenzhen composite was higher by 0.626% to approximately 1,601.20.

Over in Hong Kong, the Hang Seng index was 0.13% lower, as of its final hour of trading.

India’s Nifty 50 fell below the 11,900 level as the country announced its budget for the fiscal year from April 1, 2019 to March 31, 2020.

In her budget speech, Finance Minister Nirmala Sitharaman said India needs to invest heavily in infrastructure, digital economy and job creation in small and medium-sized firms to achieve its goal of becoming a $5 trillion economy over the next several years.

In Japan, the Nikkei 225 added 0.2% to close at 21,746.38 and the Topix rose 0.18% to end its trading day at 1,592.58.

Meanwhile, South Korea’s Kospi finished its trading day fractionally higher at 2,110.59, as shares of industry heavyweight Samsung Electronics fell 0.76% after reporting that second-quarter profit likely dropped 56% as compared to a year ago.

Australia’s S&P/ASX 200 closed 0.5% higher at 6,751.30 as most of the sectors advanced.


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: eustance huang
Keywords: news, cnbc, companies, trading, asia, composite, investors, economy, look, shenzhen, day, fell, subdued, stocks, report, ahead, budget, yearsin, jobs, stateside, higher


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