GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. Oil prices rose. Japan's Nikkei 225 index edged 0.1 per cent lower to 38,997.02, while the Shanghai Composite index lost 0.2 per cent to 3,387.41. Thursday will bring a weekly update on US unemployment benefits. Also early Wednesday, US benchmark crude oil was up 93 cents at USD 70.17 per barrel. Brent crude, the international standard, picked up 6 cents to USD 73.23 per barrel. The USD rose to 157.37 Japanese Yen from 157.11 Yen. The Euro rose to USD 1.0431 from USD 1.0397. On Tuesday, stocks closed higher on Wall Street in a shortened holiday session. Gains in Big Tech stocks helped the S&P 500 to a 1.1 per cent gain, while the Dow Jones Industrial Average rose 0.9 per cent. The Nasdaq composite climbed 1.3 per cent. Advancers outnumbered decliners by more than 3-to-1 on the New York Stock Exchange. Broadcom rose...

[hfe_template id='11223'] [ad_1] Asian equities fell Friday as investors reined in appetite for risk ahead of next week’s Federal Reserve policy meeting. Japanese and Australian shares declined and equity futures for Hong Kong signaled losses after selling on Wall Street hit stocks and government bonds Thursday. The Nasdaq 100 slid 0.7% while the S&P 500 fell 0.5% as traders weighed higher-than-expected jobless claims against too hot producer price data. In China, investors will be looking to gauge the market reaction to news that the government will borrow more money next year to support consumption in an effort to bolster the economy. Chinese officials said they would raise the fiscal deficit target next year following the two-day Central Economic Work Conference in Beijing, the state-run Xinhua News Agency reported. Treasuries were steady after falling across the curve on Thursday, lifting the 10-year yield six basis points and the policy-sensitive two-year yield ...

[hfe_template id='11223'] [ad_1] Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing's week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street's overnight rise to record highs, with investors digesting the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. U.S. Treasury yields pushed to new lows in Asian hours, keeping the dollar under pressure after its biggest decline versus major peers in more than six weeks on Thursday. An MSCI gauge of Asia-Pacific stocks was up 0.33% as of 0552 GMT, after earlier rising as much as 0.78%. The index remained on track for a 2.7% rally this week, after quickly recovering from a knee-jerk dip on U.S. election night, which spurred worries of debilitating trade tariffs, not least in...

[hfe_template id='11223'] [ad_1] Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing. The optimism though failed to spill over into other share markets in Asia, particularly Hong Kong, which reversed some of the rally it enjoyed while China was out on a week-long holiday. China's CSI300 blue-chip index surged 10% in early trade to its highest level since July 2022, while the Shanghai Composite Index jumped roughly the same amount to its highest mark since December 2021. But Hong Kong's Hang Seng Index tumbled 3.9%, with the Hang Seng Mainland Properties Index sliding more than 7%. That left MSCI's broadest index of Asia-Pacific shares outside Japan down more than 1%. "I think the movement today basically just explains that in the Chinese onshore market, it's just rising to a level that investor...

[hfe_template id='11223'] [ad_1] Amid rising fears of a surge in crude oil prices due to tensions in West Asia and the FII outflow of money towards China, the stock market has been falling incessantly for the last five days and recorded its worst week in over two years. "The drag was across sectors led by realty, auto, and FMCG except IT stocks, which gained due to expected benefits from US rate cuts and defensive nature. The pessimism on the market is expected to continue in the near term amidst rising crude prices and fund flows to cheaper markets like China," said Vinod Nair, Head of Research, Geojit Financial Services. Analysts expect the market to consolidate amid cautiousness due to fear of geopolitical tensions and FII selling. Here are the key factors that will decide action on Dalal Street: 1) FII mood A 'Buy China, Sell India' trade is getting played out in emerging markets as FIIs have sold Indian stocks worth around Rs 30,718 crores in the f...

[hfe_template id='11223'] [ad_1] Oil rose as tensions in the Middle East unnerved investors ahead of US jobs data due later Friday that will help identify the path ahead for interest rates. West Texas Intermediate and Brent crude extended gains Friday after each rose more than 5% Thursday to a one-month high. The rise accelerated after puzzling comments from President Joe Biden, who told reporters the US was discussing whether to support potential Israeli strikes against Iranian oil facilities. Investors are concerned that, should Israel strike critical Iranian assets, the Islamic Republic will lash out and escalate the conflict, dragging in more countries and potentially disrupting global energy shipments. Israel said it bombed more than a dozen Hezbollah targets in Beirut on Thursday. “The market fear is that there could be supply disruptions coming out of Iran,” said Tai Hui, chief Asia market strategist for JPMorgan Asset Management, on Bloomberg Television. “Demand ...

[hfe_template id='11223'] [ad_1] Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe. Oil prices climbed 0.7% after Israel and Hezabollah traded rocket salvos and air strikes on Sunday, stirring worries about possible supply disruptions if the conflict escalated. Brent rose 51 cents to $79.53 a barrel, while U.S. crude added 50 cents to $75.33 per barrel. [O/R] Investors are also anxiously awaiting earnings from AI darling Nvidia on Wednesday to see if it can match the market's uber-high expectations. The stock is up some 150% year-to-date, accounting for around a quarter of the S&P 500's 17% year-to-date gain. "Nvidia will beat consensus expectations, they always do, but investors are so ingrained in seeing revenue come in $2 billion plus above the analysts' consensus or we could easily see a sel...

[hfe_template id='11223'] [ad_1] Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be among the central bank's priorities in the coming months. Brent crude futures rose by $1.27, or 1.63%, to $78.49 a barrel at 9:50 a.m. CDT (1450 GMT), while U.S. West Texas Intermediate (WTI) crude futures rose $1.33, or 1.81%, to $74.34. "The pivot by the Federal Reserve is real," said Phil Flynn, senior analyst at Price Futures Group. "It's impacting all commodities. Both benchmarks hit their lowest since early January this week, after the U.S. government sharply lowered its estimate of jobs added by employers this year through March, raising fears of a possible recession. Powell on Friday offered an endorsed easing the Fed's policies, saying further cooling in the job market would be unwelcome and expressing confidence that inflation was within reach of the U.S. central bank's 2%...

[hfe_template id='11223'] [ad_1] Asian stocks rose on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve's policy outlook after volatile moves last week. Oil prices eased in early trading after a 3% jump in the previous session as investors kept an eye on widening conflict in the Middle East that could tighten global crude supplies. Demand for safe assets lifted gold prices. [O/R] [GOL/] Japan's Nikkei rose more than 2% in early trading following a holiday on Monday, a welcome relief after last week's wild swings that began with a massive sell-off spurred by a rising yen and fears of a U.S. recession. [.T] MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher at 556.19. Chinese stocks were little changed in early trading, while Hong Kong's Hang Seng Index was also flat. "While aftershocks might reveal vulnerabilities, w...