NIKKEI BULLISH ON RECEDING TRADE FEARS, DATA STEADY
Posted by admin in News on September 21, 2018Nikkei 225 rose 0.82% to close at 23,869.93 on Friday. It was its highest closing since 24th January. For the week, the Nikkei 225 added 3.4%. The Topix index also saw gains of 0.92% to close at 1,804.02 — its highest point in almost four months. Japanese Economy Minister Toshimitsu Motegi said on Friday that he would meet U.S. Trade Representative Robert Lighthizer next week. The meeting followed one in August in which the two sides failed to
Read MorePHILIFED POWERS DJ 30, SOFTER US-CHINA TARIFFS SUPPORTIVE
Posted by admin in News on September 20, 2018Dow Jones 30 is currently trading at 26686- higher by 0.80% as compared to the last closing. The 30-stock index jumped to its first record high since January. The index has been gaining momentum since the last 2 trading sessions. Further back, it has closed in the positive, in 5 out of the past 8 trading sessions. The index rose buoyed by gains in Apple and lessening trade fears. The tariffs imposed by the U.S.
Read MoreFTSE 100 BULLISH ON CPI & WEAKER POUND
Posted by admin in News on September 19, 2018FTSE 100 is currently trading at 7296-nearly flat compared to the last closing. The index has been gaining momentum since yesterday. The UK benchmark was trading near its highest level since early September, finding relief as the pound dropped after surging above $1.3200 intraday. The pound had soared after the UK’s August inflation reading was surprisingly higher. But sterling was later hit as The Times newspaper reported UK Prime Minister Theresa May will reject the
Read MoreCRUDE BULLISH ON SAUDI ENCOURAGEMENT AHEAD OF PRODUCER MEET
Posted by admin in News on September 18, 2018WTI Crude is currently trading at $69.42-higher by 1.03% from the last closing. Crude prices firmed on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled it was in no rush to bring prices down. Brent crude futures were trading at $78.82-higher by about 1.10% at the time of writing. Ministers from OPEC and non-OPEC producers will meet on Sunday to
Read MoreASX 200 BULLISH FINANCIAL SECTOR SUPPORTIVE
Posted by admin in News on September 17, 2018The ASX 200 closed at 6185- higher by 0.32% from the previous close. The index has been gaining momentum continuously over the last 3 trading sessions. Further back, it has closed in the positive, in 5 out of the past 7 trading sessions. While it has closed about flat on Tuesday. Shares of banks and financials closed higher after early losses on Monday. The financial sector of the ASX 200 gained 0.62% for the day.
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