Japan Stock Market May Return To The Upside

RTTNews | il y a 11h 41min
Japan Stock Market May Return To The Upside

(RTTNews) - Ahead of Tuesday's holiday for National Foundation Day, the Japanese stock market had bounced higher again - one session after ending the three-day winning streak in which it had climbed almost 550 points or 1.4 percent. The Nikkei 225 now sits just above the 38,780-point plateau and it may add to its winnings on Wednesday.

The global forecast for the Asian markets is murky amid concerns about interest rates and the possibility of a trade war. The European markets were up and the U.S. bourses were mixed and flat and the Asian markets may split the difference.

The Nikkei finished slightly higher on Monday following mixed performances from the technology and automobile stocks, while the financials were mixed.

For the day, the index rose 14.15 points or 0.04 percent to finish at 38,801.17 after trading between 38,606.32 and 38,895.74.

Among the actives, Nissan Motor sank 0.76 percent, while Mazda Motor climbed 1.16 percent, Toyota Motor perked 0.04 percent, Honda Motor dropped 0.94 percent, Softbank Group tumbled 1.93 percent, Mitsubishi UFJ Financial shed 0.55 percent, Mizuho Financial dipped 0.02 percent, Sumitomo Mitsui Financial retreated 1.49 percent, Mitsubishi Electric declined 1.60 percent, Sony Group slumped 1.55 percent, Panasonic Holdings added 0.51 percent and Hitachi dropped 1.45 percent.

The lead from Wall Street provides little clarity as the major averages opened slightly lower but then headed in opposite directions to finish the day mixed.

The Dow gained 123.24 points or 0.28 percent to finish at 44,593.65, while the NASDAQ sank 70.41 points or 0.36 percent to close at 19,643.86 and the S&P 500 rose 2.06 points or 0.03 percent to end at 6,068.50.

The choppy trading on Wall Street came as traders digested congressional testimony by Federal Reserve Chair Jerome Powell, who told the Senate Banking Committee the central bank does "not need to be in a hurry" to adjust its policy stance.

Stocks moved to the downside in early trading amid lingering concerns about a global trade war after President Donald Trump officially announced tariffs on U.S. steel and aluminum imports.

Oil prices moved higher Tuesday amid concerns about a possible drop in crude supplies due to U.S. sanctions on Russian oil, while a weaker dollar contributed as well to the rise in oil prices. West Texas Intermediate Crude oil futures for March rose $1.00 or 1.4 percent at $73.32 a barrel.

read more
European Shares Likely To Open On Steady Note Before US Inflation Test

European Shares Likely To Open On Steady Note Before US Inflation Test

European stocks look set to open on a firm note Wednesday as investors await U.S. CPI data and Fed Chair Jerome Powell's testimony before the House Financial Services Committee later in the day for more insight on interest rates, trade tariffs and economic outlook.
RTTNews | il y a 5h 27min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as traders remain cautious amid raising fears of a brewing global trade war and its impact on inflation. They also reacted to US Fed Chair Jerome Powell's cautious remarks on interest-rate cuts and awaited the release of U.S. CPI data for additional clues on future monetary policy.
RTTNews | il y a 7h 31min
Australian Market Turns To Green In Mid-market

Australian Market Turns To Green In Mid-market

The Australian stock market turns to green in mid-market trading on Wednesday after opening in the red, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,500 level, following the mixed cues from Wall Street overnight, with gains in energy and financial stocks partially offset by weakness in mining and technology stocks.
RTTNews | il y a 8h 0min
Sensex, Nifty Set For Muted Open

Sensex, Nifty Set For Muted Open

Indian shares look set to open on a positive note Wednesday, though volatility cannot be ruled out in the wake of lingering concerns over ongoing foreign fund outflows, signs of slowing corporate earnings growth and geopolitical tensions involving Israel and Hamas.
RTTNews | il y a 8h 23min
Indonesia Stock Market May End Losing Streak

Indonesia Stock Market May End Losing Streak

The Indonesia stock market has finished lower in five straight sessions, slumping more than 540 points or 7.9 percent in that span. The Jakarta Composite Index now sits just above the 6,530-point plateau and it's overdue for support on Wednesday.
RTTNews | il y a 9h 28min
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is modestly higher in post-holiday trading on Wednesday, adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,800 level, with gains index heavyweights, exporter and technology stocks partially offset by weakness in automakers and financial stocks.
RTTNews | il y a 9h 34min
Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market on Tuesday ended the three-day winning streak in which it had rallied more than 820 points or 3.9 percent. The Hang Seng Index now rests just beneath the 21,300-point plateau and it's looking at a steady start for Wednesday's trade.
RTTNews | il y a 9h 41min