Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Asian equities are mixed with China down notwithstanding sold manufacturing PMI
On Thursday, Asian shares were quite mixed, with a firm manufacturing PMI from China dipping to lift Shanghai or Hong Kong, although other financial markets managed to gain on local data sets.
The Shanghai Composite went down 0.65%, the Hang Seng index sagged 0.56%.
In China, August’s official manufacturing Purchasing Managers' Index hit 51.7, surpassing hopes, as Tuesday’s data disclosed.
Experts surveyed by Reuters actually expected China to report official PMI of 51.3 for August, a minor dip from July’s reading of 51.4.
Japan’s provisional industrial output slumped 0.8% for July, which is more than a 0.5% sag expected. The Nikkei 225 leapt 0.74%.
Additionally, Toshiba's try to sell its memory chip unit turned to be in the spotlight right after Reuters announced a consortium headed by Bain Capital had rolled out a last-minute bid of about $18 billion.
Overnight, American equities concluded higher, buoyed by reports showing the US economy is still on track to demonstrate sturdy surge in the third quarter, thus raising investor sentiment on riskier assets.
Similar
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Latest news
USD Gains Momentum
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
NVIDIA to Become the Next Tesla
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Progress in US Debt Talks, Gold Is Down
Some progress in US debt ceiling talks is made, and the PMI data is out.
