Japan moves: Softbank, Nintendo, Toyota fall Apple suppliers in Asia fall after analyst downgrade China reports better-than-expected factory activity for September China’s official manufacturing purchasing managers’ index surprisingly grew in September to 50.1, much higher than the 49.6 forecast by analysts in a Reuters poll. The 50-point mark separates growth from contraction. PMI print compares … Read more
Stocks may continue this ‘oversold rally’ over the next few days, says Wells Fargo’s Harvey Wells Fargo’s Chris Harvey expects stocks to continue their upward movement. “The rise in short interest, skew in retail sales and the BOE’s action all suggest that stocks will continue their oversold termination over the next few days,” he said … Read more
Earnings issues, potential recession means more sales may be ahead The Dow and S&P 500 have fallen for six straight days, many of them seeing broad selling typical of so-called “washout” days. That can sometimes be a contrarian buy signal on Wall Street, but many investment professionals are skeptical that the selloff is over. One … Read more
Goldman Sachs on Tuesday cut its oil price forecasts “significantly” on fears of slowing economic growth. Still, analysts led by Damien Courvalin said crude is likely to bounce off current levels, with oil hovering right around a nine-month low. “We are downgrading our oil forecasts significantly due to a weakening of the macro, but we … Read more
Visitors stand in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, November 30, 2020. Toru Hanai | Bloomberg via Getty Images Shares in the Asia-Pacific region were higher on Tuesday after sharp declines on Monday. The Nikkei 225 in Japan … Read more
Nikkei, Kospi down 2%; Asia-Pacific markets fall as negative sentiment persistsCNBC Dollar stands alone, while interest rate rises rattle stocksReuters Stock Market Today: Dow, S&P Live Updates September 26Bloomberg Asia-Pacific markets face a risk-off move as US Dollar Batters SentimentDailyFX Asian markets are mostly down, mirroring the US decline on interest rate concernsMarketWatch See full … Read more
Shares in the Asia-Pacific region fell on Monday as negative sentiment continued to weigh on markets.
An electronic board displays stock information on the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, Tuesday, Feb. 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 1.56% as it returned to … Read more
Tokyo Stock Exchange in Japan. Noriko Hayashi | Bloomberg via Getty Images “The FOMC is firmly committed to bringing inflation down to 2%, and we will continue to do so until the job is done,” Fed Chairman Jerome Powell said at a news conference after the central bank meeting. Interest rates stand at 3%-3.25% after … Read more
The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, November 30, 2020. Toru Hanai | Bloomberg via Getty Images Asia-Pacific shares opened lower on Wednesday after Wall Street’s negative lead ahead of the Federal Reserve’s expected rate hike. Japan’s Nikkei 225 fell 1% in early trade, while … Read more