Asian stocks trade mixed; Nikkei 225 index down ~1%


Equity tips:-

Trade remains high on investors’ agenda as they wait for details of a possible accord, with President Donald Trump said to be pressuring US negotiators to cut a deal with China soon in hope of fueling a market rally.




Asian stock markets were mixed Thursday as global growth concerns resurfaced and US equities fell back. The dollar steadied after six days of gains and the yen edged higher.

Shares in Japan and Hong Kong dropped, fluctuated in Shanghai and posted modest gains in Australia. Earlier, the S&P 500 Index fell for a third day after reports showed the US trade deficit widened in 2018 to a 10-year high and private companies added fewer employees than analysts forecast last month. Treasury yields ticked lower.

Trade remains high on investors’ agenda as they wait for details of a possible accord, with President Donald Trump said to be pressuring US negotiators to cut a deal with China soon in hope of fueling a market rally. The Organization for Economic Cooperation and Development on Wednesday said it downgraded almost every growth forecast for Group of 20 nations. Next up for traders will be any policy clues emanating from Thursday’s decision at the European Central Bank and then the monthly US jobs report on Friday.

Earlier, the Canadian dollar fell after the Bank of Canada toned down its conviction that interest rates will need to go higher. The pound steadied with just days to go until Prime Minister Theresa May has to bring a revised accord back to the parliament.

We provide free profit calls for EQUITY,Forex & COMMODITY tips.If you want more information regarding the Stock cash tips, Nifty tips, Commodity tips, Equity tips,forex tips missed call @ 8966834895 
Location: India

Comments

Post a Comment

Popular posts from this blog

Asian markets trade higher; Shanghai Composite up 1.5%

Image
Equity tips:- Equities in Japan and China outperformed, with modest gains seen in Hong Kong. Asian stock markets were trading higher on Friday despite a lacklustre session for US shares amid concerns over a delayed Sino-American trade deal. Treasuries steadied and the dollar held gains. Equities in Japan and China outperformed, with modest gains seen in Hong Kong. Earlier, the S&P 500 spent most of the session fluctuating between gains and losses in thin trading, before edging lower at the close. News that a meeting to end the trade war with China won’t happen this month had weighed on sentiment. The pound was little changed as Prime Minister Theresa May won the endorsement of British politicians to seek to delay Brexit day. The yen was steady as the Bank of Japan cut its economic outlook while maintaining its policy stance. The Bank o...
Read more

Axis Bank slumps over 6% post quarterly earning

Image
Equity tips:- Shares of Axis Bank have slumped by over 6% in opening trades after announcing quarterly earning post market hours on Tuesday.  The stock opened at Rs 488 hit an intraday high of Rs 489 and an intraday low of Rs 482. Total traded volumes were approx 0.35mn shares. The quarterly results missed street estimates as NII for the quarter was 4.5% below street estimates of Rs.4741 crore. Also, net profit for the quarter was almost 66% down from street estimates of Rs.1298 crore. NII for the quarter remained flat at Rs.4539 crore vs Rs.4513 crore in previous year corresponding quarter. This was largely due to muted interest income growth to Rs.11235 crore vs Rs.11159 crore in Q2FY18. Asset quality of the bank deteriorated further as GNPA’s for the quarter rose by almost 67% yoy to Rs 27402 crore. As a percentage to total advances, GNPA’s for the quarter rose by 173 bps to 5.9% vs 4.17% in Q2FY17. While Net NPA’s also increased by 110 bps to 3.12% vs 2...
Read more

Asian stocks trade mixed; Nikkei 225 up ~1%

Image
Equity tips:- The S&P 500 Index climbed to a four-month high as it held above the key 2,800 level. Asian stock markets were trading mixed on Thursday as investors awaited a slew of economic data from China. The pound gave back some of Wednesday’s surge as traders positioned for the next steps in the Brexit saga. Shares edged higher in Hong Kong and Japan, were little changed in South Korea and fluctuated in China ahead of data including industrial production and retail sales. The S&P 500 Index climbed to a four-month high as it held above the key 2,800 level. Helping buoy sentiment was data showing US orders for business equipment increased in January by the most in six months and a producer price index signaled modest pressure on inflation. Treasury yields steadied and the yen weakened. The US data signaled a positive start to the...
Read more