Low activity in asian markets

16 February, 2018

Asian stock indexes traded mostly in green territory following solid gains on Wall Street in the prior session, but many markets remained close in observance of the Lunar New Year holiday.

China, Hong Kong, South Korea, Taiwan, Malaysia and Vietnam were closed.

Tokyo’s Nikkei 225 added more than one percent as the yen extended against against the dollar. However, the greenback remained supported by up best US inflation data.

In parallel, Japanese Prime Minister Shinzo Abe administration extended Bank of Japan Governor Haruhiko Kuroda for another five-year period in the job.

Wall Street top indexes were higher on Thursday, adding to prior gains as sentiment continued to improve, despite a softer dollar and with upbeat inflation data on the support side.

The Labor Department said jobless claims rose by 7,000 to a seasonally adjusted 230,000.

The Labor Department also said its producer price index rose 0.4 percent in January following a 0.1 percent fall in December. In the twelve months through January, the PPI added 2.2 percent.

Australia ASX S&P -3.90 -0.06% 6,004.80

Japan Nikkei 225 +255.27 +1.19% 21,720.25

Investors will be mainly looking at UK retail sales for January, which are set for release as of 09:30 GMT, with an estimated monthly growth rate of 0.5 percent.

Focus will be directed to real estate market data. Building permits for January and housing starts are up at 13:30 GMT. Later on, Michigan University will release its consumer expectations and consumer sentiment gauges for February at 15:00 GMT.


Source link  
Demand for gold grows amid growing tensions

Gold is gradually recovering its previously lost positions amid falling expectations of investors regarding the results of a new round...

Asian markets higher, oil rally goes on

Oil prices extended gains in early trading hours as expectations for further reductions in global supply levels continued to build following Donald...

What's behind the oil rally?

The oil market has been going crazy in the last few days. On Monday, the US West Texas Intermediate crude for June delivery rose nearly 1.5 percent...


If Buffett is not investing on bitcoin...

Last week we have spoken about Warren Buffett's dislike for Bitcoin and the whole cryptocurrency world. Fine... it is not that he doesn't like it...

Equity indexes mixed in Asia

Markets in Asian traded mixed on Thursday as investors digested a widely anticipated interest rate decision by the US Federal Reserve while looking...

Asian stocks extend gains

Asian equity markets were mostly higher on Monday, with investors focusing on geopolitical tensions over the Middle East while keeping an eye...


Equity indexes in Asia rise

Asian equity indexes moved into green territory on Tuesday despite a weak lead from Wall Street on the back of higher Treasury yields and as traders await...

Trading activity is on the lowest

The light news flow and a break in US-Chinese trade rhetoric give the equity markets a positive momentum amid so far positive reporting season in the US...

Earnings in focus: a necessary revision

UK Average Earnings excluding Bonus (3Mo/Yr) (Feb) is expected to come in at 2.8% from 2.6% previously. Claimant Count Change (Mar) is expected...

  


Share it on:   or