Australian shares logged their third consecutive week of gains, rising 1.2% for the week, driven by gains in banks and discretionary stocks. Traders expect lower interest rates following anticipated lower inflation data next week. Financials rose, while discretionary stocks benefited from potential increased consumer spending.
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to add to the steep losses posted during last Friday's session.
Asian markets declined heavily amidst fears of an extended pause by the Federal Reserve attributed to stronger-than-expected payrolls data from the U.S..
The major U.S. index futures are currently pointing to initial strength on Wednesday, with stocks likely to see further upside after ending the previous session mostly higher.
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside following the rebound seen in the previous session.
Equity markets in Asia closed on a positive note on Tuesday amidst growing hopes of more stimulus measures and expectations from the rate review by the Peoples Bank of China due on Wednesday.
The major U.S. index futures are currently pointing to initial strength on Wall Street on Friday, with stocks likely to move mostly higher following the mixed performance seen in the previous session.
Equity markets in Asia traded on a mixed note ahead of elections in Japan over the weekend and uncertainty over the impact on Bank of Japan's monetary policy stance.
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The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the rebound seen over the past several sessions. Easing concerns about the outlook for economy may lead to continued buying on Wall Street following the steep drop seen earlier this month.
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after pulling back well off their highs late in the previous session.
Equity markets in Asia closed on a strong positive note tracking the euphoria generated by China's surprise announcement of a 50-basis points cut in the reserve requirement for banks.
Equity markets in Asia closed on a positive note amid the euphoria generated by China's surprise announcement of a 50-basis point cut in the reserve requirement for banks.
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks poised to extend the pullback seen in the previous session. Traders may continue to cash in on recent strength in the markets amid concerns optimism about the outlook for interest rates have led to overbought conditions.
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground after ending last Friday's trading mostly higher.
Equity markets in Asia closed on a mixed note on Monday amidst sentiment driven both by concerns about China as well as the growing Fed rate cut expectations..