World markets enjoyed a lively end to an otherwise slow week on Friday, with Chi...
LONDON - World markets enjoyed a lively end to an otherwise slow week on Friday, with Chinese A-shares leaping after MSCI quadrupled their weight in its global benchmarks and strong U.S. economic data lifting the dollar and bond yields.
It followed Thursday’s official Chinese PMI data which also showed new orders expanding and a stronger-than-expected U.S GDP figure, while European shares opened up 0.5 percent [.EU] helped by the fastest rise in German retail sales since Oct 2016. Madden said though the market reaction showed that “bad news can be good news” because it could well encourage the European Central Bank to hand out another dump of cheap loans to euro zone banks in the coming months.
The gains in Asia contrasted with a weaker finish on Wall Street on Thursday. The Dow Jones Industrial Average fell 0.27 percent to 25,916 points, the S&P 500 lost 0.28 percent to 2,784.49 and the Nasdaq dropped 0.29 percent to 7,532.53. Mixed messages on trade combined with the collapse of the summit between Trump and North Korean leader Kim Jong Un on denuclearization, and data from China showing slowing factory activity to pressure U.S. stocks.
Dallas Federal Reserve Bank President Robert Kaplan said on Thursday that it will take time to see how much the U.S. economy is slowing, supporting views of the Fed’s rate-hike holiday at least through to June.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
MSCI to quadruple weighting of China A-shares in its global benchmarksGlobal index provider MSCI is quadrupling the weighting of Chinese mainland shar...
और पढो »
Asian shares up after MSCI announces China weighting boostAsian shares rose on Friday, driven by a rally in Chinese markets after index pu...
और पढो »
Foreigners Snap Up Smaller China Stocks Ahead of MSCI MoveForeign investors have piled into shares of technology-focused companies and other smaller stocks in China, encouraged by their likely inclusion in MSCI’s global benchmarks.
और पढो »
Chinese Shares Gain Global Sway Thanks to Index Firm’s MoveMSCI said it would more than quadruple the weighting of mainland Chinese companies in its closely followed stock indexes, a move that will make shares in Shanghai and Shenzhen much more important to global investors.
और पढो »
China commerce ministry says regrets WTO ruling on wheat, rice subsidiesChina on Friday said it regretted a lack of support from experts after the Unite...
और पढो »
Pompeo: US to make sure China can't blockade South China SeaMANILA, Philippines (AP) — U.S. Secretary of State Mike Pompeo says the United States is committed to ensuring the South China Sea remains open to all kinds of navigation and that 'China does not...
और पढो »
China’s Stock Market Isn’t Too Big to IgnoreHeard on the Street: Investors need to beware the siren call of index inclusion when deciding whether to buy Chinese stocks
और पढो »
Senate Panel Takes Aim at China-Funded Education Programs in U.S.A Senate panel recommended abolishing more than 600 China-funded cultural and language programs in the U.S. unless Beijing provides equal access for American public diplomacy efforts in China.
और पढो »