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Asian Stocks Move Higher As Investors Ignore Latest Concerning Data Out Of China
Monday, May 16, 2016 - 7:39am | 326Asian stocks were mostly higher on Monday despite a fresh round of concerning data coming out of China. According to Reuters, China's National Bureau of Statistics (NBS) said on Saturday that the country's April factory output rose 6.0 percent year-over year, short of the 6.5 percent...
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TGIF? Not This Week As Global Equities Sell Off
Friday, May 13, 2016 - 7:19am | 385Asian equities closed mostly lower on Friday as lower commodity prices weighed in on commodity-linked stocks, while poor earnings from several Japanese companies disappointed investors. Energy explorer Inpex fell 4.2 percent after reporting a weaker-than-expected operating profit, while...
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European Stocks Brush Off Asia's Declines And Trade Mostly Higher
Thursday, May 12, 2016 - 7:43am | 302Asian stocks were mostly lower on Thursday with a notable exception coming out of Japan. Japan's Nikkei index gained 0.41 percent following encouraging earnings reports from a range of sectors, including Tokuyama Corp (chemical company), Mitsubishi Motors (auto) and DeNA Co (mobile and e-...
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Asian Stocks Close Mixed, European Stocks Mostly Lower On Poor Visibility
Wednesday, May 11, 2016 - 7:41am | 341Asian stocks were mixed on Tuesday on no new notable macro-economic or central banking related news. Australia's ASX index gained 0.57 percent as the commodity-heavy index gained on the heals of gold, metals & mining and materials sectors. In fact, the index hit a new six-month high but...
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Global Equities Led By Japan Soar Higher
Tuesday, May 10, 2016 - 7:53am | 318Asian stocks were mostly higher on Tuesday, led by a 2.15 percent gain in Japan's Nikkei index. Japan's Finance Minister Taro Aso said the government is prepared to intervene in the currency market if the nation's currency begins to hurt the economy. "For Japan, excessive...
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Chinese Shares Tumble On Economic Worries, European Stocks Surge
Monday, May 9, 2016 - 8:02am | 359Chinese stocks were hard hit on Monday after the government's mouthpiece People's Daily published an article titled "Authoritative Person Talking About China's Economy." According to Barrons, the article said a person of high authority in China is expecting the country...
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Asian, European Stocks Tumble Ahead Of U.S. Payroll Data, Fresh Round Of China Concerns
Friday, May 6, 2016 - 7:31am | 343Global equities were mostly lower on Friday ahead of the U.S. payroll data. Investors also found reports out of China that Inner Mongolia Nailun Group, a fertilizer producer, said it defaulted on its bond payments. As noted by Market Watch, the announcement further hurt the sentiment in the...
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Asian, European Stocks Mixed Following Chinese Economic Data; Canada's Wildfire Impacts Oil
Thursday, May 5, 2016 - 7:43am | 364Asian stocks were mixed on Thursday after the Chinese government reported its services activity expanded in April, although at a slower pace when compared to March. The Caixin China services purchasing managers index fell to 51.8 in April from 52.2 in March. A reading above 50 indicates...
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Asian Stocks Tumble Yet Again, Europe Follows Suit
Wednesday, May 4, 2016 - 7:19am | 231Asian stocks were mostly lower on Wednesday due to a strengthening of the U.S. dollar and declining oil prices. A stronger U.S. dollar adds pressure to commodity prices, which in turn led to a strong selloff in the commodity heavy Australian market. Australia's ASX index lost 1.47 percent,...
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Asian, European Stocks Mixed Following Disappointing Data Out Of China
Tuesday, May 3, 2016 - 7:28am | 397Global stocks were mixed on Tuesday after the Chinese government said the Caixin manufacturing purchasing managers index (PMI) for April fell to 49.4 from 49.7 in March. The figure fell short of the 49.9 analysts were expecting. Any reading below the 50-mark indicates contractions but some...
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Japanese Stocks Lead Asian Declines, While European Equities Ticks Higher
Monday, May 2, 2016 - 7:36am | 336Asian stocks were mostly lower on Monday, led by another sell-off in Japanese equities. Japan's Nikkei index tumbled 3.11 percent, adding to Thursday's 3.61 percent loss (Japanese markets were closed on Friday for a national holiday), after the country's currency realized its...
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TGIF? Not For Overseas Investors As Asian, European Stocks Mostly Lower
Friday, April 29, 2016 - 7:31am | 277Asian stocks were mostly lower on Friday following Thursday's tumble in reaction to the Bank of Japan standing pat on its stimulus program. Japanese stocks were closed for a national holiday but still close the week lower by more than 5 percent. Hong Kong's Hang Seng index lost 1.50...
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Asian And European Equities Tumble Following Bank Of Japan's Surprise Non-Decision
Thursday, April 28, 2016 - 7:16am | 386The Bank of Japan gathered on Thursday as market participants expected the central bank to announce a new round of stimulus. However, the bank surprised many investors by standing pat and left its deposit rate at minus 0.1 percent unchanged. The Bank of Japan kept its asset purchase program of...
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Asian Stocks Lower, European Stocks Mostly Higher
Wednesday, April 27, 2016 - 7:28am | 239Asian stocks were mostly lower on Wednesday as poor tech earnings from U.S. companies may have dampened investor optimism. Australia's ASX index underperformed its Asian counterparts and lost 0.62 percent after trading higher by more than 1.2 percent earlier in the day. A surprising fall in...
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Asian And European Stocks Mostly Higher Ahead Of Central Bank Meetings And Key U.S. Earnings Reports
Tuesday, April 26, 2016 - 7:34am | 329Asian stocks were mostly higher on Tuesday as investors and traders anxiously await Thursday's Bank of Japan meeting in which the central bank may introduce negative lending rates. Investors and traders were bearish on Japanese stocks as the country's Nikkei index lost 0.49 percent. On...