|Day's range||21,500.32 - 21,612.67|
|52-week range||18,948.58 - 24,448.07|
Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. Federal Reserve sticking to an accommodative stance at its policy meeting this week. European markets extended a run of gains, helped by a jump in shares in German lenders Deutsche Bank and Commerzbank after they confirmed over the weekend that they were in talks to merge. The pan-European STOXX 600 index was up 0.1 percent by midday in London, also hitting a five-month high.
European shares were mixed by midday while Asian markets closed higher on Monday as investors awaited signs the U.S. and China could be making progress in negotiations on resolving the trade war between the two biggest economies. U.S. shares were set for a mixed start with Dow futures inching down 0.1 percent to 25,868. China's congress on Friday endorsed an investment law that aims to address complaints, particularly from the U.S., that China's system is rigged against foreign companies.
The U.S. Federal Reserve is set to meet later this week. Russia plans to be fully compliant with OPEC-led supply cuts over the next few weeks, according to the country's energy minister, Alexander Novak. Major Asian stock markets closed higher on Monday as investors awaited developments on the U.S.-China trade front.The U.S. Federal Reserve was also set to begin its March policy meeting later in the week .
Asia Pacific markets mostly traded higher on Friday as investors reacted to the Bank of Japan's monetary policy decision as well as an overnight vote from U.K. lawmakers that could potentially delay its exit from the European Union. The Bank of Japan kept its monetary policy steady on Friday in a widely expected move, where the short-term interest rate will remain at minus 0.1 percent.
Global stock markets pushed higher on Thursday as traders awaited a vote that could delay Britain's March 29 exit from the European Union. In Europe, Britain's FTSE 100 added 0.5 percent to 7,195 and France's CAC 40 advanced 0.7 percent to 5,341. The focus in markets will once again be on London where lawmakers will vote on whether to request an extension from the European Union over Britain's scheduled departure from the bloc.
Japan's government is considering a slight downgrade to its assessment of the economy in its monthly report for March as exports and factory output fell due slowing demand from China, the Nikkei business daily reported on Thursday. In February, the government said the economy was recovering but noted weak data on corporate sentiment, capital expenditure and exports showed the U.S.-China trade war is hurting the outlook for the world's third-largest economy. The government could slightly tweak the wording of its economic assessment to indicate a downgrade, the Nikkei report said without citing sources.
In the U.K., lawmakers once again rejected the terms of a deal for Britain to withdraw from the European Union in a Tuesday vote.
European stocks are set to open higher following strong gains on Wall Street that snapped five straight days of losses.
Asian shares rose strongly across the board on Tuesday. The pound jumped as British Prime Minister Theresa May managed to secure last minute support from the EU for her Brexit deal before it goes to a crucial vote on Tuesday. U.S. stocks had rebounded on the back of strong tech gains, after a five-day losing streak on Wall Street.
Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite. China's main bourses clawed back almost half the 4 percent they lost on Friday as the country's central bank chief pledged billions of dollars of cuts to taxes and fees to shore up an economy growing at its slowest pace in almost three decades. U.S. stocks followed strong gains in Europe with the tech-heavy Nasdaq rising 2 percent and the benchmark S&P more than 1 percent after Wall Street posted losses every day last week.
BANGKOK (AP) — Shares were mostly higher in Europe on Monday, tracking gains in Asia as investors awaited further developments in trade talks between the U.S. and China. Boeing shares were predicted to fall at the open on Wall Street after the crash Sunday of a 737 Max 8 plane in Ethiopia that killed all 157 people aboard.
Asia Pacific markets traded mixed on Monday as investors remained cautious over a possible global economic slowdown after important data in the United States and China missed expectations last week. Government data in the U.S. showed the world's largest economy added just 20,000 jobs in February versus an expected gain of 180,000, marking the weakest month of jobs creation since September 2017.
The lobby of the Bureau of Immigration headquarters in Manila was bursting with scores of young Chinese seeking visas to work in the Philippines. The detainees — mostly from mainland China — were among 276 suspected of working illegally in the online gambling industry at a site near the Makati business district. The raid was part of a clampdown on undocumented Chinese workers in the country, as President Rodrigo Duterte’s government scrambles to contain a side effect of his economic pivot to China.
U.S. stock futures fell after a weaker-than-expected February jobs report. S&P 500 futures dropped about 0.9%, adding to their losses before the U.S. payrolls report published Friday morning. Global stocks had already slid Friday, as Chinese shares suffered their worst day since October, after weak export data and comments from the U.S. ambassador to China that a trade deal wasn’t imminent heightened concerns about the world economy.
Shanghai led a retreat in world markets on Friday amid worries that the U.S. and China may not be as close to a trade deal as President Donald Trump has suggested. Selling picked up after China reported that its exports plunged more than 20 percent in February from a year earlier.
U.S. technology companies are concerned that China could be spying on them using power cords and plugs, Nikkei Asian Review reported on Friday. As a result, the American companies have asked their Taiwanese suppliers to shift production out of mainland China, according to the report, citing unnamed executives from Lite-On Technology and Quanta Computer. Fearing that China could be spying on them using power cords and plugs, several United States technology companies have asked their Taiwan suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday.
Mainland Chinese shares cratered on the day, with the Shanghai composite falling more than 4 percent. The European Central Bank on Thursday cut its growth forecast for 2019 and announcing a fresh round of stimulus to aid banks in the region. Stocks in major Asian stock markets closed lower on Friday as investors grappled with fresh concerns over the state of the global economy, with Chinese trade data for February coming in below expectations .
TOKYO (AP) — Global shares were mostly lower Thursday as optimism about progress in trade talks between the U.S. and China appeared to be wearing thin.
Mainland China shares were mixed on the day. U.S. data released Wednesday showed the country's trade deficit soaring to a 10-year high of $59.8 billion in December, climbing despite U.S. President Donald Trump's efforts to reduce the figure. Meanwhile, tensions between both countries escalated, with Huawei suing the U.S. earlier on Thursday, claiming that the law which bans it from selling equipment to government agencies is unconstitutional.
A gauge of global stocks lost ground for a third straight session on Wednesday, unable to build momentum from a jump in Chinese equities, while the Canadian dollar weakened after a dovish turn by the Bank of Canada. Despite the dovish lean by central banks, the Federal Reserve reported the U.S. economy continued growing in the first weeks of 2019 amid a still tight labour market in the face of a 35-day partial federal government shutdown and slowing global growth.
Shares in mainland China bounced, while the rest of Asia was more subdued. U.S. Secretary of State Mike Pompeo said Monday he thought Washington and Beijing were "on the cusp" of reaching a deal that would end the trade skirmish. Stimulus measures announced by Beijing on Tuesday included infrastructure spending and cuts in taxes and fees worth nearly 2 trillion yuan ($289.28 billion).
A gauge of world stock markets recovered from early declines but was slightly lower on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, while strong U.S. economic data sent the dollar to a two-week high. Stocks on Wall Street traded in a like fashion, with the benchmark S&P 500 a touch below the unchanged mark as investors looked for developments on trade between the United States and China. Positive retail earnings from Target Corp and data on the U.S. services and housing sectors helped provide support to the upside.
Britain's FTSE climbed 0.3 percent to 7,155 after surveys indicated that the British economy held up in February in the face of Brexit uncertainties, although much of the growth was due to firms and consumers stockpiling in case the country leaves the European Union with no deal. In Asia, the Shanghai Composite index rose 0.9 percent to 3,054.25, while the benchmark in Shenzhen, a smaller, more domestic-oriented market jumped 2.3 percent after Chinese Premier Li Keqiang told the annual session of the country's rubber-stamp parliament that the government was setting the growth target close to last year's 6.6 percent growth.
Mumbai, March 5 (IANS) Higher work orders accelerated the growth of service sector activity in February, an key economic data showed, here on Tuesday. An index reading of above 50 indicates expansion in economic activity and below 50 a decline.
Li Qiang’s household income has soared 70 per cent in the past five years, but life isn’t getting any easier. It is a sentiment many Chinese share, and it tells us a lot about why consumer spending growth is slowing after years of rapid expansion egged on by the government. China’s consumer market is as complex as the country itself, but it remains a land of opportunity if you know where to look.