Asian Shares Mixed On Disappointing China Data

RTTNews | 117日前
Asian Shares Mixed On Disappointing China Data

(RTTNews) - Asian stocks ended mixed on Monday in thin holiday trade as a slew of Chinese data disappointed and caution prevailed ahead of the Fed, BoJ and BoE policy meetings this week, with central banks in Japan and the U.K. both expected to stand pat on rates.

Upcoming U.S. retail sales and industrial production data also remained on investors' radar.

Meanwhile, former United States President Donald Trump said he is "safe and well" after another apparent assassination attempt on Sunday.

The dollar weakened while gold held near record highs as investors assessed the chances of an outsized rate cut move by the Federal Reserve on September 18.

Markets in China, Japan, South Korea and Indonesia were closed for holidays. Hong Kong's Hang Seng index ended 0.31 percent higher at 17,422.12, reversing an early slide after economic data from China over the weekend disappointed.

Chinese industrial production and retail sales grew less than expected in August, home prices fell at the fastest pace in nine years and unemployment rose, adding to concerns over economic recovery and bolstering the case for additional economic stimulus.

China's central bank is poised to set its one-year loan prime rate and the five-year rate on Friday.

Australian markets touched a new record high as soaring bullion prices booted gold miners and optimism about a potential interest rate cut by the Federal Reserve lifted banks.

Energy and healthcare stocks lagged, helping limit overall gains in the broader market. The benchmark S&P/ASX 200 rose 0.27 percent to 8,121.60 while the broader All Ordinaries index finished 0.21 percent higher at 8,341.10.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index fell 1 percent to 12,704.39.

U.S. stocks closed higher on Friday amid growing expectations of interest rate cuts by the Federal Reserve and other central banks.

Sentiment was aided after a survey showed consumer sentiment rose to a four-month high in early September and one-year inflation expectations fell for the fourth straight month.

The tech-heavy Nasdaq Composite gained 0.7 percent and the S&P 500 added half a percent to log their best weekly gains of 2024 while the Dow climbed 0.7 percent.

read more
TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.
RTTNews | 16時27分前
Dollar Climbs Higher After Buoyant Jobs Data

Dollar Climbs Higher After Buoyant Jobs Data

The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.
RTTNews | 16時57分前
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.
RTTNews | 20時21分前
U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.
RTTNews | 20時35分前
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.
RTTNews | 21時47分前
U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.
RTTNews | 23時41分前