On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Asia-Pacific stocks mostly gain
On Monday, stock indices of the Asia-Pacific region mostly gained, with some of the markets recovering from the initial slump. Market participants are focusing on trade talks between the US and China this week after US President Donald Trump told on Sunday that he’s going to help the Chinese technology company ZTE Corp to get back to business quickly.
The Australian market went up after mixed signals from Wall Street on Friday. Additionally, mining and crude companies soared, while bank stocks are mixed.
Equities of BHP Billiton tacked on by almost 1%, Rio Tinto gained up to 0.7%, while Fortescue Metals rallied by about 0.5%.
Among the crude reserves, the market value of Santos soared by more than 1%, Woodside Petroleum decreased less than 0.1% notwithstanding lower crude prices on Friday.
Equities of ANZ Banking tacked on by 0.1%, Westpac rallied 0.6%, National Australia Bank reduced its capitalization by approximately 0.2%, while Commonwealth Bank declined by 0.3%.
CFO of Commonwealth Bank Rob Hesudason resigned after less than one year in this position in order to become Chief Operating Officer of Block.one.
The Japanese market managed to revive after a weak start and it raded modestly higher after quite mixed signals from Wall Street on Friday.
In the technical space Advantest shares headed south by almost 2%. As for Kyocera, its equities inched down by approximately 1%, while Alps Electric decreased by 0.4%.
Xerox told that it’s currently ending the proposed takeover of Fujifilm Holdings of about $6.1 billion. As a matter of fact, Fujifilm shares managed to gain more than 1% after the announcement.
Meanwhile, key exporters were caught trading with a decline. Shares of Panasonic headed south by 0,6%, Mitsubishi Electric declined by 0,4% and Canon inched down by 0,3%, Sony slumped by almost 2%.
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.