|Day's range||22,466.26 - 22,649.85|
|52-week range||18,948.58 - 22,698.79|
Global markets largely brushed off more disconcerting economic signals from China, which on Friday reported that its economy grew at its slowest pace in 26 years last quarter. The 6% growth pace China reported for July-September was worse than most economists were expecting, highlighting a global economy that is slowing. Some of the latest data for September, such as investment and lending, showed improvement, but "pressure on economic activity should intensify in the coming months," Julian Evans-Pritchard of Capital Economics said in a commentary.
The dollar posted its worst week in almost four months on Friday, pummeled by sterling and euro rallies driven by a deal on Britain's departure from the European Union, while China's weakest growth in nearly three decades weighed on equities. The dollar crept lower against the euro as the common currency enjoyed a lift from hopes a Brexit deal could improve the odds of the euro zone avoiding a recession. Dismal manufacturing data and worries the U.S.-China trade war could slow euro zone economies even further have rattled the euro this year, while fears of a disorderly Brexit had slammed sterling until a week ago.
Malaysia is open to more talks with Goldman Sachs after having two rounds of discussions to drop criminal charges against three units of the bank over the 1MDB scandal, the country's top prosecutor told the Nikkei Asian Review. Malaysian and U.S. investigators say about $4.5 billion was misappropriated from the now-defunct state investment fund 1Malaysia Development Berhad, set up in 2009 by former prime minister Najib Razak. Last year, Malaysia filed criminal charges against Goldman over its role as underwriter and arranger of three bond sales that raised $6.5 billion (5.04 billion pounds) for 1MDB.
Global markets were boosted Thursday by news that Britain and the European have agreed on an outline Brexit deal after days of intense negotiations. Benchmarks in London and Frankfurt rallied and Wall Street was positioned for gains when the market opens in New York. Although news of a Brexit breakthrough had investors optimistic, the deal must still be formally approved by the bloc and ratified by the European and U.K. Parliaments.
Singaporean state-backed fund Temasek Holdings is looking to boost its investment in “aspiring unicorns”, grabbing stakes in promising digital companies to secure high returns once they debut on the stock market. “I would expect even in the next six to 12 months, we’ll be doing a few more” investments in such companies in south-east Asia, Rohit Sipahimalani, who leads Temasek’s start-up focus as a joint head of the investment group, told Nikkei recently in an exclusive interview. In a strategy that defies the current trend towards greater scrutiny of start-ups and their profitability, Temasek last month acquired a stake in Social Bella, an Indonesian online beauty product retailer that is rapidly raising its profile in a country with a large youth population and a blossoming ecommerce sector.
Stock markets mostly rose on Tuesday as investors gauged the outlook for the U.S.-China trade dispute and looked to earnings reports from large banks. Germany's DAX advanced 0.4% to 12,537 and the CAC 40 in Paris gained 0.6% to 5,674. London's FTSE 100 was down 0.4% at 7,185.
The U.S. dollar gained on Monday as optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, while a gauge of global equity markets was little changed as investors sought details about an agreement. Gold gained and oil prices fell more than 3% at one point as scant information about the first phase of a Sino-U.S. trade deal undercut optimism over a thaw in the dispute that has sparked a slowdown in global growth. A slide in Chinese exports picked up pace in September while imports contracted for a fifth straight month, evidence of further weakness in China's economy as tariffs take their toll.
A five-minute speedboat ride from Luzon, Grande Island is one of the closest white sand beach resorts to the Philippine capital of Manila. Last year, the local investors who hold the lease on the island agreed a deal with Sanya Group, a Chinese resort developer, who pledged to invest $298m to turn the 44-hectare island into Manila’s answer to the Maldives. The deal was formalised in April, on the sidelines of China’s Belt and Road summit in Beijing.
Stocks on Wall Street came off their highs in late trading after U.S. President Donald Trump announced a partial trade deal with China that could be signed within weeks, with the boost from New York enough to give stocks across the globe their largest daily gain in two months. The British pound closed its strongest week against the dollar in over two years on hopes that Britain was moving closer to a smooth exit from the European Union and oil jumped over 2% after reports of an attack on an Iranian tanker.
Stock markets in Europe brushed aside an earlier retreat in Asia to trade higher Wednesday amid hopes of progress in trade talks between the U.S. and China. The 13th round of trade negotiations between representatives from the world's biggest two economies are set to begin Thursday in Washington. "Hints of a Chinese willingness to accept a partial trade deal have bolstered European markets in morning trading, suggesting that there might be reason for optimism despite the chest-beating of the past few days," said Chris Beauchamp, Chief Market Analyst at IG.
Accompanied by security agents in black suits, Malaysian prime minister Mahathir Mohamad walked into the conference room, smiling at everyone. Speaking at the Council on Foreign Relations in New York on September 26, Mr Mahathir shared his feelings on being prime minister again. “I was the only ‘dictator’ that resigned,” Mr Mahathir joked, referring to critics who labelled him a dictator when he first held office from 1981 to 2003.
Global stock markets were mixed on Monday as investors cautiously awaited the outcome of trade talks between the U.S. and China. Shares in Asia closed mostly lower and Wall Street appeared headed for a drop on the open. Markets have been quick to swing on any hint of movement in the U.S.-China trade dispute, which has dragged on manufacturing around the world, including Asia, and pushed CEOs to delay investments amid uncertainty.