Asian stock prices followed Wall Street higher Tuesday on encouraging global economic data. Benchmarks in Shanghai, Tokyo and Seoul all advanced. Oil prices advanced again, adding to Monday’s big gains. Investors were encouraged by manufacturing indicators that showed activity in China and the United States improving. A separate report showed U.S. construction spending increased in February. In another hopeful sign, long-term bond yields rose above their recent lows, following a sharp drop last month that flashed a possible recession warning, rattling Wall Street. The Shanghai Composite index rose 0.3% to 3,180.51 points while Tokyo’s Nikkei 225 was flat at 21,507.11. Hong Kong’s Hang Seng was 0.1% higher at 29,590.65 and Seoul’s Kospi advanced 0.4% to 2,176.45. Sydney’s S&P-ASX 200 added 0.4% to 6,242.70 and India’s Sensex was unchanged at 38,872.51. Benchmarks in Taiwan, New Zealand and Southeast Asia also rose. “It does appear that the … [Read more...] about Asian stocks follow Wall Street higher on upbeat data
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BANGKOK — Shares surged Monday in Asia after the release over the weekend of encouraging manufacturing data in China that suggest government stimulus efforts may be yielding results. Japan’s Nikkei 225 index added 1.4 percent to 21,509.03, easing off earlier highs after newly released economic data showed conditions deteriorating. The Shanghai Composite index jumped 2.5 percent to 3,167.43 and Hong Kong’s Hang Seng added 1.7 percent to 29,534.25. China’s statistics bureau and an industry group said Sunday their monthly purchasing managers’ index rose to 50.5 on a 100-point scale on which numbers above 50 show activity increasing. That was up 1.3 points from February. Sub-indexes for exports, employment and new orders all improved, and an index showing companies’ expectations for future new business rose 0.6 points to 56.8. However, in Japan, the central bank reported Monday that a survey of major Japanese manufacturers showed business … [Read more...] about Asian markets rally, extending gains on Wall Street
Alexandra Olson, Ap Business Writer Updated 5:38 am CST, Friday, March 8, 2019 FILE- In this Jan. 17, 2012, file photo, pedestrians walk past the front of Goldman Sachs headquarters in New York. Business casual has become such an entrenched trend that even Goldman Sachs surrendered to it with a memo to employees announcing flexible dress code. less FILE- In this Jan. 17, 2012, file photo, pedestrians walk past the front of Goldman Sachs headquarters in New York. Business casual has become such an entrenched trend that even Goldman Sachs surrendered to it ... more Photo: Seth Wenig, AP Photo: Seth Wenig, AP Image 1 of / 7 Caption Close Image 1 of 7 FILE- In this Jan. 17, 2012, file photo, pedestrians walk past the front of Goldman Sachs headquarters in New York. Business casual … [Read more...] about Wall Street’s new dress code raises question: What to wear?
The Morning Shift All your daily car news in one convenient place. Isn't your time more important? Big Oil doesn’t like a carbon tax, I’m shocked, Chinese spies blamed for plane tech theft, GM profit surges while Mazda sees losses, and Elon Musk is busy trying to make things happen at SpaceX. All of this and more in The Morning Shift for a very spooky Wednesday, Oct. 31, 2018. 1st Gear: GM Over-Performed This Quarter Despite low Wall Street estimates for the quarter, General Motors managed to beat expectations and post a $2.5 billion profit, as Automotive News reports: Stronger-than-expected results in China and North America propelled General Motors to a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion. GM’s revenue increased 6.4 percent to $35.8 billion in the third quarter. The company announced a global profit margin of 8.8 percent, including 10.2 percent in North America. Expectations were low due to … [Read more...] about GM Scores a Win Against Wall Street Doubters While Mazda Falters
Alex Veiga Associated Press Published 3:48 PM EDT Oct 23, 2018 U.S. stocks were easing back Tuesday from a steep, broad sell-off that knocked more than 500 points off the Dow Jones Industrial Average earlier in the day. Even with the late-afternoon rebound, stocks were on track to extend the market’s recent string of losses, including a four-day losing streak for the benchmark S&P 500 index. Bond prices rose, sending yields lower, as investors sought out safer investments. The latest selling came as investors grew unsettled by slowing economic growth in China and the growing costs of President Donald Trump’s aggressive trade policies. China’s economy grew 6.5 percent from July to September, the slowest pace since early 2009. The world’s second-largest economy was cooling even before the outbreak of a tariff war with Washington. That contrasts with the momentum of the U.S. economy. The government is expected to say Friday that the U.S. economy grew by … [Read more...] about Stocks mostly recover from an early plunge on Wall Street