Item request has been placed! ×
Item request cannot be made. ×
loading  Processing Request

Hong Kong Shares Lead Asia Higher, Oil Rally Halts: Markets Wrap.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
اقرأ على الانترنت اقرأ أكثر حفظ في قائمتي
  • معلومة اضافية
    • الموضوع:
      NASDAQ Stock Market; U.S. dollar; STOCK index futures; INVESTORS; SUPPLY & demand; INTEREST rates; UNEMPLOYMENT insurance
    • نبذة مختصرة :
      Hong Kong stocks led gains in Asian equities as investors awaited US jobs data that would provide insight into future interest rates. Oil prices halted their rally after experiencing the largest one-day jump in almost a year. Chinese shares in Hong Kong also advanced as traders assessed the sustainability of recent gains and awaited details of fiscal stimulus and holiday spending. The US dollar declined slightly, but is still on track for its biggest weekly gain in six months. Investors are concerned about potential supply disruptions from Iran if Israel were to strike Iranian oil facilities. The yen strengthened and the pound steadied after falling against the dollar, and Japan's Prime Minister instructed his cabinet to develop economic measures to support inflation-hit voters. Beijing's stimulus package has led to a wave of buying, but traders are now taking profit and waiting for further details on fiscal stimulus and holiday spending. Investors are also looking for signals on the health of the US economy from the monthly payrolls report. Other economic indicators showed strength in the US economy, including the Institute for Supply Management's index of services and applications for unemployment benefits. The bias in USD/Asia pairs is for further upside, according to Alvin T. Tan, head of Asia FX strategy at RBC Capital Markets. [Extracted from the article]
    • نبذة مختصرة :
      Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)