Asian Shares Rise After Upbeat China Data

RTTNews | 670 hari yang lalu

(RTTNews) - Asian stocks rose broadly on Monday after the release of robust Chinese factory activity data.

However, concerns over a broader trade war capped regional gains after U.S. President-elect Donald Trump demanded a commitment from the BRICS nations on using the dollar, warning they shouldn't move to create a new currency or endorse any other currency to replace the dollar.

"The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER," Trump said in a post to his Truth Social network on Saturday.

He has threatened a 100 percent tariff on the bloc of nine nations if they undercut the U.S. dollar.

China's yuan fell to its lowest level since July 24 despite impressive PMI numbers. Gold prices fell nearly 1 percent as Trump's tariff threat bolstered the dollar. Oil ticked higher on improved China data and as Israel resumed attacks on Lebanon despite a ceasefire pact, stoking tensions in the Middle East.

China's Shanghai Composite index rallied 1.13 percent to 3,363.98 after a private survey showed the manufacturing sector in the country expanded at a faster pace in November, with the corresponding PMI rising to 51.5 from 50.3 in October.

Hong Kong's Hang Seng index jumped 0.65 percent to 19,550.29.

Japanese markets logged strong gains, led by banks and technology stocks. The Nikkei average jumped 0.80 percent to 38,513.02 while the broader Topix index settled 1.27 percent higher at 2,714.72.

Advantest, Screen Holdings, Sumitomo Mitsui Financial, Mizuho Financial and Mitsubishi UFJ Financial climbed 2-4 percent.

Seoul stocks ended on a flat note, with the Kospi average finishing marginally lower at 2,454.48 after a choppy session. Tech stocks led losses, with heavyweight Samsung Electronics falling 1.1 percent.

Australian markets ended slightly higher, with technology and consumer discretionary stocks leading gains. Myer Holdings surged 12.3 percent after Australian retail sales for October beat forecasts.

The benchmark S&P/ASX 200 edged up by 0.14 percent to 8,447.90 while the broader All Ordinaries index ended little changed with a positive bias at 8,705.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index closed up 0.37 percent at 13,114.68.

U.S. stocks ended Friday's abbreviated session mostly higher following the Thanksgiving Day holiday the previous day.

The Dow rose 0.4 percent and the S&P 500 added 0.6 percent to reach new record closing highs as the year-end holiday season kicked off.

The tech-heavy Nasdaq Composite climbed 0.8 percent on the prospect of softer-than-expected U.S. curbs on chip equipment sales to China.

baca selengkapnya

Swiss Market Ends On Firm Note

Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.

RTTNews | 15 jam 13 menit yang lalu

European Markets Recover From Multi-month Lows, Close On Positive Note

A day after falling to multi-month lows, European markets rebounded fairly strongly on Friday as oil prices fell sharply and bond yields dropped, easing concerns about inflation and interest rates a bit.

RTTNews | 15 jam 35 menit yang lalu

Canadian Market Remains Firmly Up In Positive Territory

The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.

RTTNews | 16 jam 55 menit yang lalu

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.

RTTNews | 19 jam 0 menit yang lalu

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.

RTTNews | 19 jam 27 menit yang lalu

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.

RTTNews | 20 jam 1 menit yang lalu

Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.

RTTNews | 20 jam 6 menit yang lalu

Bay Street Headed For Positive Start

Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well. U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.

RTTNews | 20 jam 24 menit yang lalu

EURUSD	1.1253	GBPUSD	1.3241
USDJPY	157.845	USDCAD	1.4248