EUR/USD 1.16170
-0.404%
Gold 4466.14
-1.744%
Oil 92.804
6.563%
USD/JPY 159.681
0.267%
GBP/USD 1.34423
-0.183%
GBP/JPY 214.653
0.083%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Nikkei: BlackRock will acquire a 15% stake in the Japanese taxi app GO.The German DAX 30 index closed down 90.74 points, or 0.36%, at 25,022.32 on Monday, June 1st; the UK FTSE 100 index closed down 69.45 points, or 0.67%, at 10,339.83 on Monday, June 1st; and the French CAC 40 index closed down 36.75 points, or 0.45%, at 8,146.59 on Monday, June 1st; European The Stoxx 50 index closed down 16.18 points, or 0.27%, at 6034.36 on Monday, June 1; the Spanish IBEX 35 index closed down 178.44 points, or 0.97%, at 18189.86 on Monday, June 1; and the Italian FTSE MIB index closed down 255.25 points, or 0.51%, at 49781.50 on Monday, June 1.Iranian Foreign Ministry: The Iranian Foreign Minister spoke with the Turkish Foreign Minister to discuss and exchange views on the latest situation in the region.Iranian Foreign Ministry: The Iranian Foreign Minister and the French Foreign Minister spoke by phone to discuss and consult on the latest regional developments.June 1st - Three sources say OPEC+ oil-producing countries are likely to agree to further increase crude oil production quotas in July at their meeting on Sunday. However, the war with Iran has so far prevented some countries from meeting their previous production increase targets. A further increase in production quotas would indicate that the organization is gradually returning to normal operations, despite disruptions caused by the blockade of the Strait of Hormuz and the unexpected withdrawal of the UAE in May. According to the sources, OPEC+ is expected to increase production by approximately 188,000 barrels per day in July, the same increase agreed upon in June, which was previously revised down from 206,000 barrels per day due to the UAEs withdrawal.

Hang Seng Index, ASX200, Nikkei 225: Hang Seng Jumps on China PMI

Steven Zhao

Mar 01, 2023 15:37


Market Overview

It was a bullish Wednesday morning session for the Asian markets, with the Hang Seng Index leading the way. The Asian markets brushed aside bearish sessions for the Dow and the NASDAQ Composite Index. US economic indicators disappointed on Tuesday, with consumer confidence weakening for a second consecutive month and house price growth slowing.


The CB Consumer Confidence Index fell from 106.0 to 102.9 in February, with the S&P/CS HPI Composite n.s.a rising by 4.6% year-over-year in December. House prices were up 6.8% in November. Elevated US mortgage rates continue to impact buyer demand, with US mortgage rates bouncing back after a brief retreat.


On Tuesday, the NASDAQ Composite Index fell by 0.10%, with the Dow Jones and S&P 500 seeing losses of 0.71% and 0.30%, respectively. This morning, the US Futures reversed early losses. The Dow mini was up 16 points, with the NASDAQ mini flat.


Private sector PMI numbers from China delivered support to riskier assets this morning. After a China data void, today’s stats provided investors with much-needed relief. The all-important Caixin Manufacturing PMI increased from 49.2 to 51.6 in February. Economists forecast a PMI of 50.2. Significantly, the manufacturing sector expanded for the first time since July 2022.

Suggestion