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Singapore Stock Market May Test Resistance At 5,000 Points
The Singapore stock market bounced higher again on Monday, one day after ending the three-day winning streak in which it had climbed more than 80 points or 1.6 percent. The Straits Times Index now sits just above the 4,960-point plateau and it's expected to extend its gains again on Tuesday.
The global forecast for the Asian markets is cautiously optimistic amidst an extended rebound among technology companies and ahead of key U.S. data later this week. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.
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214 days ago
Malaysia Bourse Tipped To Open In The Green
The Malaysia stock market has moved higher in two straight sessions, advancing more than 20 points or 1.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,750-point plateau and it may add to its winnings again on Tuesday.
The global forecast for the Asian markets is cautiously optimistic amidst an extended rebound among technology companies and ahead of key U.S. data later this week. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.
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214 days ago
Win Streak May Continue For Japan Stock Market
The Japan stock market has moved higher in back-to-back sessions, soaring more than 2,500 points or 4.5 percent along the way. The Nikkei 225 now sits just above the 56,360-point plateau and it's expected to open to the upside again on Tuesday.
The global forecast for the Asian markets is cautiously optimistic amidst an extended rebound among technology companies and ahead of key U.S. data later this week. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.
The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks.
For the day, the index spiked 2,110.26 points or 3.89 percent to finish at 56,363.94 after trading between 55,018.57 and 57,337.07.
Among the actives, Nissan Motor stumbled 3.24 percent, while Mazda Motor tanked 3.08 percent, Toyota Motor retreated 1.35 percent, Honda Motor plunged 3.37 percent, Softbank Group soared 6.30 percent, Mitsubishi UFJ Financial rose 0.20 percent, Mizuho Financial collected 2.89 percent, Sumitomo Mitsui Financial climbed 1.25 percent, Mitsubishi Electric rallied 5.00 percent, Sony Group slumped 1.48 percent, Panasonic Holdings improved 1.23 percent and Hitachi skyrocketed 8.40 percent.
The lead from Wall Street suggests mild upside as the major averages opened lower on Monday but eventually moved up into the green to finish with modest gains.
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214 days ago
Tech Shares Again Likely To Fuel KOSPI
The South Korea stock market on Monday ended the two-day slide in which it had plummeted more than 280 points or 5.6 percent. The KOSPI now sits just beneath the 5,300-point plateau and it may tick higher again on Tuesday.
The global forecast for the Asian markets is cautiously optimistic amidst an extended rebound among technology companies and ahead of key U.S. data later this week. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.
RTTNews
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214 days ago
Australia Building Approval Data Due On Tuesday
Australia will on Tuesday release December data for building approvals, highlighting a modestly day for Asia-Pacific economic activity. Approvals are expected to drop 14.9 percent on month and rise 0.4 percent on year after jumping 15.2 percent on month and 20.2 percent on year in November.
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214 days ago
Swiss Market Ends Marginally Up After Choppy Ride
Switzerland market's equity index SMI ended marginally up after a choppy rise on Monday as stocks moved in a tight range with investors somewhat reluctant to make significant moves.
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215 days ago
European Stocks Close Higher As Investors On Corporate News, Await Crucial Data
European stocks closed broadly higher on Monday, due largely to a good show by mining and defense stocks amid escalating geopolitical tensions. Investors also awaited some crucial U.S. economic data for clues about the Federal Reserve's policy moves.
Data showing a significant strength in Eurozone investor confidence in February aided sentiment.
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215 days ago
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Mining Stocks Rally, Lift TSX Up Sharply For Second Straight Session
Canadian stocks are up firmly in positive territory a little past noon on Monday, holding their gains intact thanks to sustained buying in materials sector after precious metals prices climbed higher on weaker dollar and escalating tensions between Tehran and Washington.
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215 days ago
Dollar Rebounds On Warsh-led Gains
The U.S. Dollar rebounded during the week ended February 6, buoyed by the boost provided by the appointment of Kevin Warsh as the next Fed Chairman.
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215 days ago
Bay Street Likely To Open Higher On Firm Commodity Prices
The Canadian market is likely to open on a positive note Monday morning, tracking firm precious metals and crude oil prices. Higher bond yields might render the mood a bit cautious and limit market's upside.
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215 days ago
Transocean To Buy Valaris For $5.8 Bln Stock; Valaris Shares Climb
Offshore drilling services firm Transocean Ltd. (RIG) announced Monday an agreement to acquire rival Valaris Ltd. (VAL) in an all-stock transaction valued at approximately $5.8 billion. The enterprise value of the pro forma company is around $17 billion. Following the news, Valaris shares were gaining around 21 percent, trading at $75.50.
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215 days ago
FTSE 100 Marginally; Miners Move Higher
Mining stocks are turning in a fine performance in the UK stock market on Monday, while shares from other sectors are a bit mixed in somewhat cautious trade as investors look ahead to some crucial U.S. economic data later in the week for clues about the Federal Reserve's policy moves.
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215 days ago
CAC 40 Roughly Flat; STMicroElectronics Rises On Big Order Win
French stocks are turning in a mixed performance on Monday with investors awaiting fresh directional clues. Investors are closely following the developments on US-Iran talks. According to reports, both sides have agreed to continue negotiations to ease tensions and avoid military confrontation.
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215 days ago
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