Page 3 - Global Shares

Asian stocks edge up on Nvidia hopes, NZ dollar jumps as bond yields spike

New Zealand's central bank offered a sobering assessment of its inflation problems, warning that rates would have to be higher

Chinese state fund to expand share holdings to help support equity markets

A Chinese state investment fund has promised to expand its purchases of stock index funds to help markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares logged moderate gains on Tuesday after the announcement by Central Huijin Investment, a Chinese sovereign fund that owns China's state-run banks and other big government-controlled enterprises. The fund has stepped up buying of shares in big state-owned banks and other companies to counter heavy selling pressure in the Chinese markets. On Monday, benchmarks in Shanghai and the smaller market in Shenzhen bounced between small gains and big losses, while share prices of state-run banks and other big companies rose. The move followed warnings by the market regulator of a crackdown on market manipulation, insider trading and other abuses and promises to protect smaller investors who usually account for the majority of trading in Chinese markets. The market watchdog, the China ...

Euro stocks rise, yen falls after BOJ sticks to ultra-easy monetary policy

In a widely expected move, the Bank of Japan kept its ultra-low interest rates unchanged. It also made no change to its dovish policy guidance.

Yen clings on to gains ahead of key BOJ decision; dollar slips (Updated)

The recent burst of risk appetite has given the Australian and New Zealand dollars in particular a leg up, with both nudging towards five-month highs on Monday.

Global shares jump on Wall Street's return to highest level in over a year

Global shares rose Thursday, boosted by Wall Street's return to its highest level in more than a year after a report showed US consumer inflation cooled a bit more than expected last month. France's CAC 40 added 0.2% in morning trading to 7,350.45. Germany's DAX edged up 0.2% to 16,048.19. Britain's FTSE 100 gained 0.1% to 7,425.73. US shares were set to drift higher with Dow futures up nearly 0.2% to 34,608.00. S&P 500 futures up 0.3% to 4,521.25. In Asia, Japan's benchmark Nikkei 225 jumped 1.5% to finish at 32,419.33. Hong Kong's Hang Seng surged 2.6% to 19,350.62, while the Shanghai Composite gained 1.3% to 3,236.48, even as China reported a slump in trade in June. Chinese exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese leaders struggled to keep a post-COVID recovery from faltering. The customs data released Thursday showed imports slid 6.8%, while the trade surplus rose was $70.6 .

Global shares retreat on mixed manufacturing indicators in Europe, Asia

Global shares were mostly lower on Tuesday after manufacturing indicators in Europe and Asia painted a mixed picture and Russian President Vladimir Putin accused Western countries of threatening Russia. Shares fell in early trading in France, Germany and Britain and US futures declined. Oil prices were mixed. Russian President Vladimir Putin railed against the West Tuesday in a long-delayed state-of-the-nation address that shed light on how the Kremlin sees its bogged-down war in Ukraine. Such geopolitical factors add to uncertainties over slowing growth and weakening consumer demand in many economies. France's CAC 40 fell 0.1 per cent in early trading to 7,327.24. Germany's DAX lost 0.2 per cent to 15,441.85. Britain's FTSE 100 edged down 0.1 per cent to 8,005.92. After US markets were closed Monday for President's Day, the future for the Dow Jones Industrial Average was 0.6 per cent lower while that for the S&P 500 lost 0.7 per cent. In Europe, surveys of factory managers showed

Global shares mostly rise as investors waited for US consumer price data

Global shares mostly rose on Tuesday, boosted by a rally on Wall Street, as investors waited for US consumer price data due out later in the day. France's CAC 40 added nearly 0.1 per cent in early trading to 7,214.85, while Germany's DAX also rose less than 0.1 per cent, to 15,400.76. Britain's FTSE 100 gained 0.4 per cent to 7,976.92. The future for the Dow Jones Industrial Average rose 0.1 per cent while that for the S and P 500 gained 0.2 per cent. Sentiments are largely tracking the positive handover from Wall Street overnight, although much is still up in the air, Yeap Jun Rong, a market analyst at IG, said in a commentary. In a mixed sign of Japan's shaky recovery, government data showed the world's third largest economy grew at an annual pace of 0.6 per cent in October-December, as restrictions related to the coronavirus pandemic eased, both abroad and in Japan. Tourism recovered, as did local travel, and exports grew, the Cabinet Office reported. Japan's benchmark Nikkei 2

World shares mostly higher on US inflation data, tracking Wall Street gains

The futures for the S and P 500 and Dow Jones Industrial Average edged 0.1per cent lower

Global stocks turn higher, treasury yields fall after mixed US jobs report

The MSCI World equity index rose by 0.3%, putting it on the cusp of its first weekly gain in more than a month

Global shares rise as sentiments get boost from Federal Reserve, US jobs

Global shares mostly rose Thursday following a rally on Wall Street as investors assessed minutes from the Federal Reserve's latest meeting of policymakers and welcomed encouraging data on US jobs. France's CAC 40 lost 0.6 per cent to 6,736.01 in early trading, while Germany's DAX fell 0.4 per cent to 14,438.94. Britain's FTSE 100 edged up 0.1 per cent to 7,595.23. US shares were set to drift higher with Dow futures up 0.3 per cent to 33,389.00. S&P 500 futures rose 0.5 per cent to 33,389.00. Worries over China's economic slowdown were weighing on Asian regional sentiment. Japan's benchmark Nikkei 225 rose 0.4 per cent to finish at 25,820.80. Australia's S&P/ASX 200 edged up nearly 0.1 per cent to 7,063.60. South Korea's Kospi added 0.4 per cent to 2,264.65. Hong Kong's Hang Seng jumped 1.3 per cent to 21,052.17, while the Shanghai Composite gained 1.0 per cent to 3,155.22. India's Sensex declined 1 per cent. Widespread COVID-19 cases in China have added to gloom over a ...

World shares lower as strong data hit hopes for dovish Fed amid inflation

World stocks were mostly lower on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the challenges the Federal Reserve faces in battling inflation. Germany's DAX lost 0.2% to 14,421.84 and the CAC 40 in Paris also was down 0.2%, at 6,682.03. Britain's FTSE 100 lost 0.3% to 6,679.98. The futures for the S&P 500 and the Dow industrials were 0.1% lower. Highlighting worries over recession, Fitch Ratings revised its forecasts for world economic growth downward on Tuesday to reflect the Fed's and other central banks' interest rate hikes. The ratings agency's Global Economic Outlook report estimated global growth at 1.4% in 2023, revised down from 1.7% in its September forecast. It put U.S. growth in 2023 at 0.2%, down from 0.5%, as the pace of monetary policy tightening increases. China's growth forecast was cut to a 4.1% annual pace from 4.5%. Markets have been lifted by expectations China will press ahead with easing its stringent pandemic ...

Global shares shake off China Covid-19 curbs, but investors stay cautious

The dollar pulled back from strong overnight gains while oil took a pause from Monday's retreat

Buoyant Wall Street boosts world, European stocks; oil prices slide

World and European shares turned higher on Friday as Wall Street extended gains amid hopes of a slowdown in some central banks' rate hikes

World shares turn up after better-than-expected US data; dollar recovers

Major U.S. stock indexes rose and European shares recovered losses on Thursday after strong US economic data, while the British pound eased off mid-September highs

Global shares mostly fall as investors watch for inflation, China's meet

Global shares were mostly lower on Friday in muted trading, as investors kept an eye on inflation and awaited the outcome of a Communist Party congress in China. France's CAC dipped 1.6 per cent in early trading to 5,988.78. Germany's DAX lost 1.4 per cent to 12,584.52. Britain's FTSE 100 shed 1 per cent to 6,871.64 as the Conservative Party was preparing to replace Liz Truss as prime minister within a week after she resigned on Thursday after a turbulent 45-day term, conceding that she could not deliver on her tax-cutting economic plans. Former Prime Minister Boris Johnson is among several candidates expected to vie to take her place. Former Treasury chief Rishi Sunak and House of Commons leader Penny Mordaunt are others. On Wall Street, the future for the Dow industrials lost 0.5 per cent while the S and P 500 future was down 0.7 per cent. China's ruling party congress is expected to wrap up on Saturday with an endorsement of leader Xi Jinping remaining in office indefinitely.

Global shares mostly higher as markets eye China's Communist Party meeting

Global shares were mostly higher on Monday as investors kept their eyes on a weeklong Communist Party congress in China. France's CAC 40 added 0.5 per cent in early trading to 5,961.27. Germany's DAX gained 0.5 per cent to 12,498.72. Britain's FTSE 100 rose 0.5 per cent to 6,894.84. The future for the Dow industrials was up 0.7 per cent, while the contract for the S&P 500 gained 0.9 per cent. Britain's new Treasury chief was due on Monday to announce details of his tax and spending plans Monday, two weeks ahead of schedule, in a bid to calm markets roiled by the government's economic policies. Chancellor of the Exchequer Jeremy Hunt was expected to ditch more of the measures announced by the government of Prime Minister Liz Truss on September 23. Since then, the prime minister's libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief. In Asia, the meeting of China's ruling Communi

Global shares rise after 'relief rally' on Wall Street; DAX rises 2.3%

Global shares rose Tuesday, with European markets tracking gains in Asia and US after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. France's CAC 40 gained 2.8% in early trading to 5,955.79. Germany's DAX rose 2.3% to 12,484.83. Britain's FTSE 100 added 1.5% to 7,013.73. The future for the Dow industrials was up 1.3% at 29,913.00. The S&P 500 future contract rose 1.5% to 3,745.25. Japan's benchmark Nikkei 225 added nearly 3.0% to finish at 26,992.21. South Korea's Kospi gained 2.5% to 2,209.98. Australia's S&P/ASX 200 jumped 3.8% to 6,699.30 after its central bank boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6%. The Reserve Bank of Australia's increase of a quarter percentage point to the cash rate was smaller than those at recent monthly meetings. When the bank lifted the rate by a quarter percentage point at its board meeting in May, it was the first rate hike in

World shares slip as investors brace for more rate hikes by US Fed

Shares opened lower in Europe after a day of declines for most Asian markets, as investors braced for another interest rate hike this week by the US Federal Reserve. Britain was observing a day of mourning for Queen Elizabeth II. Japan's markets were closed for a holiday. Germany's DAX lost 0.3 per cent to 12,701.41 while the CAC 40 in Paris shed 0.9 per cent to 6,023.55. The future for the S&P 500 was down 0.6 per cent while the contract for the Dow industrials was 0.5 per cent lower. Markets have been on edge because of stubbornly high inflation and the increases in interest rates being used to fight it. The fear is that the Fed and other central banks might overshoot their policy targets, triggering a recession. Most economists forecast that the Fed will jack up its primary lending rate another three-quarters of a point when the central bank's leaders meet this week. Fact is, hawkish expectations built on the hot under the hood' US inflation print means that markets have good .

Global shares track Wall Street slide on higher rate hike expectations

Global shares were lower on Thursday, tracking a broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. France's CAC 40 declined 1.6 per cent to 6,025.93 in early trading, while Germany's DAX slipped 1.6 per cent to 12,633.32. Britain's FTSE 100 was down 1.6 per cent at 7,164.45. US shares were set to drift lower, with Dow futures falling 0.6 per cent to 31,350.00 and S and P 500 futures declining nearly 0.8 per cent to 3,926.00. Benchmarks finished lower in Asia. Japan's benchmark Nikkei 225 dipped 1.5 per cent to finish at 27,661.47. Australia's S and P/ASX 200 dropped 2.0 per cent to 6,845.60. South Korea's Kospi shed 2.3 per cent to 2,415.61. Hong Kong's Hang Seng lost 1.8 per cent to 19,597.31, while the Shanghai Composite declined 0.5 per cent to 3,184.98. Oil prices fell. The slide in the Nikkei came despite signs of improvement in the Japanese economy. A study by the Finance Ministry on corporate financial statements

Global shares slide, dollar dominates as interest rate hike fears mount

U.S. Federal Reserve Chair Jerome Powell headlines a host of policy makers at Jackson Hole later in the week and the risks are that he will not meet investor hopes for a dovish pivot on policy.