Asian Shares Rise After Upbeat China Data

RTTNews | Před 2 dny

(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.

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U.S. Factory Orders Rise In Line With Estimates In October

The Commerce Department released a report on Wednesday showing a modest increase by new orders for U.S. manufactured goods in the month of October. The report said factory orders rose by 0.2 percent in October after dipping by a revised 0.2 percent in September. Economists had expected factory orders to rise by 0.2 percent.

RTTNews | Před 8 h 13 min

U.S. Service Sector Growth Slows More Than Expected In November

A report released by the Institute for Supply Management on Wednesday showed U.S. service sector growth slowed by more than anticipated in the month of November. The ISM said its services PMI fell to 52.1 in November from 56.0 in October. While a reading above 50 still indicates growth, economists had expected the index to show a much more modest decrease to 55.5.

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U.S. Private Sector Job Growth Falls Modestly Short Of Estimates In November

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of November. ADP said private sector employment climbed by 146,000 jobs in November after jumping by a downwardly revised 184,000 jobs in October.

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U.S. Private Sector Employment Climbs Slightly Less Than Expected November

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of November.

RTTNews | Před 10 h 29 min

Eurozone Private Sector Re-Enters Contraction Zone

The euro area private sector fell back into the contraction territory in the penultimate month of the year as business activity dropped the most since January amid a renewed fall in services output, final data from S&P Global showed on Wednesday. The HCOB final composite output index fell to 48.3 in November from 50.0 in October. The flash reading was 48.1.

RTTNews | Před 10 h 50 min

EURUSD	1.0527	GBPUSD	1.27047	AUDUSD	0.64382
USDJPY	150.175	USDCAD	1.4063	USDCHF	0.88338