The start of the New Year was shaping up to be a less favourable one for equities, as uncertainty over the policies of incoming President Trump
As the year-end approaches, trading volumes have begun thinning out and the main focus for investors remains that of the Federal Reserve's rate outlook
Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. Oil prices rose. Japan's Nikkei 225 index edged 0.1 per cent lower to 38,997.02, while the Shanghai Composite index lost 0.2 per cent to 3,387.41. Thursday will bring a weekly update on US unemployment benefits. Also early Wednesday, US benchmark crude oil was up 93 cents at USD 70.17 per barrel. Brent crude, the international standard, picked up 6 cents to USD 73.23 per barrel. The USD rose to 157.37 Japanese Yen from 157.11 Yen. The Euro rose to USD 1.0431 from USD 1.0397. On Tuesday, stocks closed higher on Wall Street in a shortened holiday session. Gains in Big Tech stocks helped the S&P 500 to a 1.1 per cent gain, while the Dow Jones Industrial Average rose 0.9 per cent. The Nasdaq composite climbed 1.3 per cent. Advancers outnumbered decliners by more than 3-to-1 on the New York Stock Exchange. Broadcom rose 3.2 per cent, Apple gained 1.1 per cent and Amazon .
Asian markets were mixed on Tuesday after stocks in Wall Street shook off a choppy start to finish higher the previous day as it kicked off a holiday-shortened week. US futures were little changed and oil prices rose. Honda shares surged more than 16 per cent as the Japanese auto giant announced an up to 1.1 trillion yen (USD 7 billion) share buyback and meanwhile, held a merger talk with Nissan. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses. Nissan's share shed 0.1 per cent on Tuesday. Japan's benchmark Nikkei 225 slipped 0.3 per cent in morning trading to 39,055.35. South Korea's consumer sentiment sharply dropped in December amid rising concerns over political uncertainty following the parliament's impeachment of President Yoon Suk Yeol. The decline hit the lowest level since November 2022, when a Halloween crowd crus
Rates now are expected to bottom out at 3.9 per cent by the end of next year, much higher than just a few months ago
The Australian dollar surged after employment data topped estimates by a wide margin
Mood was generally upbeat after US November payrolls showed enough of a recovery to assuage concerns of a slowdown
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent in part due to a 1.7 per cent drop in South Korea's KOSPI
The S&P 500, Nasdaq and Dow all notched record highs overnight and bitcoin, at times a barometer of the mood, was back within a whisker of $100,000
Pre-market update: Asian shares traded with steady gains on Thursday; Back home the weekly Nifty expiry and upcoming RBI policy outcome to weigh on investor sentiment today.
The benchmark KOSPI index was down nearly 2 per cent, taking its year-to-date losses to over 7 per cent
Bond yields have soared since Donald Trump was elected back to the White House last week on expectations lower taxes
Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations
Crude ticked up slightly following its plunge on Monday on signs the war in the Middle East would not widen
Asian stocks were mostly higher Friday aside from in Japan, where investors were awaiting the outcome of an election on Sunday. US futures fell and oil prices rose. Japanese Prime Minister Shigeru Ishiba, who took office just weeks ago, called the snap general election to drum up support as the ruling Liberal Democrats grapple with a political funding scandal. Recent upheavals have added to uncertainty for markets, complicating the Bank of Japan's efforts to shift away from long-standing near-zero interest rates. Core inflation in Japan's capital was 1.8% in October, lower than the central bank's 2% target for the first time in five months, the government reported. That reinforced expectations that the central bank will keep its key interest rate unchanged at a policy meeting next week. Tokyo's Nikkei 225 index lost 1% to 37,771.79, while the Japanese yen rose against the U.S. dollar. Early Friday, the dollar was trading at 151.64 yen, down from 151.89 yen. Hong Kong's Hang Seng a
Around 20 companies from Asia Pacific are listing shares next week in deals that may raise as much as $8.3 billion
US currency was also supported by recent market contemplation of a potential election victory for Donald Trump
Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years
China's CSI300 blue-chip index surged 10 per cent in early trade to its highest level since July 2022, while Shanghai Composite Index jumped roughly same amount to its highest mark since December 2021
Oil prices were steady and gold traded just below a record high touched last week as investors awaited US labour data