patshere
- 19 Oct 2015 06:55
- 4 of 16
China Shares Rise After Growth Report Eases Economy Jitters
By YURI KAGEYAMA, AP BUSINESS WRITER TOKYO — Oct 19, 2015, 1:15 AM ET
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Chinese shares rose Monday after quarterly growth figures countered pessimism about the world's No. 2 economy. Other Asian markets were mixed after trimming losses.
KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.6 percent to 18,176.52 while China's Shanghai Composite Index added 0.5 percent to 3,408.41. Hong Kong's Hang Seng fell 0.4 percent to 22,974.36 and South Korea's Kopsi shed 0.3 percent to 2,024.11. Australia's S&P/ASX 200 was little changed at 5,266.20. Stock market benchmarks were higher in Taiwan, Thailand and Indonesia.
CHINA GROWTH: Data released Monday showed that China's economic growth decelerated in the latest quarter but relatively robust spending by Chinese consumers helped to avert a deeper downturn. The world's second-largest economy grew by 6.9 percent in the three months ended in September, down from the previous quarter's 7 percent and the slowest since early 2009 in the aftermath of the global crisis. Growth of 6.8 percent had been forecast by analysts.
ANALYST VIEW: "Markets have clearly been buoyed by the better than expected headline number, and it shows that China's economy has not deteriorated as much as some had thought," said Angus Nicholson, market analyst at IG. "Although growth may be holding up in national headline figures, north and northeast China are basically having a regional recession with their heavy exposure to commodities and over-capacity secondary industries. How China lessens some of the strain they are suffering is still an open question for the government."
WALL STREET: The Dow rose 74.22 points, or 0.4 percent, to close Friday at 17,215.97. The Standard & Poor's 500 gained 9.25 points, or 0.5 percent, to 2,033.11. The Nasdaq composite added 16.59 points, or 0.3 percent, to 4,886.69. The tech-heavy Nasdaq is up 3.2 percent this year. The Dow and S&P 500 are still negative. The Dow is down 3.4 percent, while the S&P 500 is off 1.3 percent.
ENERGY: Benchmark U.S. crude slipped 22 cents to $47.04 a barrel in electronic trading on the New York Mercantile Exchange. The contract added 88 cents to close at $47.26 in New York on Friday. Brent crude, used to price international oils, fell 29 cents to $50.17. It rose 73 cents to close at $50.46 a barrel in London.
CURRENCIES: The dollar fell to 119.33 yen from 119.43 yen on Friday. The euro rose to $1.1370 from $1.1348
skinny
- 19 Oct 2015 07:45
- 5 of 16
Morning!
In the US on Friday, the Dow finished up 74 points to 17,216 the Nasdaq gained 17 points to 4,887 and the S&P 500 rose 9 points at 2,033.
In Asia today, the Nikkei was recently down 160.57 points at 18,131.23 and the Hang Seng udown 108.73 points at 22,958.64.
WTI crude oil traded at $47.26 a barrel and Brent at $48.73.
Gold settled at $1,183.60 an ounce.
Trade well and prosper!
kimoldfield
- 19 Oct 2015 07:56
- 6 of 16
Good morning! Great weekend of rugby, shame the Northern Hemisphere couldn't produce a winner but good to watch and to see gracious losers!
jimmy b
- 19 Oct 2015 09:01
- 8 of 16
Michelmersh Brick (MBH), up 1.97% to 103.5p, is likely to exceed the market expectations for FY pretax profit. The results for the full year are scheduled for release on 21 March 2015.
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From today's opening market summary . Am i missing something ?
skinny
- 19 Oct 2015 09:26
- 9 of 16
Not very good Jimmy is it!
BTW - I don't write the stuff!
jimmy b
- 19 Oct 2015 09:47
- 11 of 16
Yes i wasn't blaming you skinny ,i was sure you didn't spend the night writing 100 000 words .
I don't see how it says MBH were up this morning either.
aldwickk
- 19 Oct 2015 18:42
- 16 of 16
Weight Watchers (WTW) Stock Skyrockets 90%, Oprah Takes 10% Stake