Connect to share and comment

Nikkei climbs 1.6 percent to five-and-a-half-year high on BOJ optimism, Sony surges

TOKYO (Reuters) - The Nikkei average climbed 1.6 percent to a fresh 5-1/2-year high on Wednesday, spurred on by the Bank of Japan's optimism about the economic outlook, while Sony Corp surged on reports it may consider a proposal to spin off its entertainment assets. Earlier in the day, the Bank of Japan kept policy steady as widely expected, and upgraded its assessment of the economy, saying it "has started picking up," as Prime Minister Shinzo Abe's program of aggressive fiscal and monetary stimulus has boosted sentiment.

Commodities trade mixed; oil hit by rising US reserves

Global commodities traded with mixed results this week, with oil dented by record-high US crude reserves and the strong dollar, while investors braced for the results of a two-day finance meeting of the Group of Seven (G7) highly industrialised economies. Some commodities gained ground after positive economic data out of the United States and Germany,which also helped push the US and Frankfurt stock markets to record peaks.

Global shares sink on U.S. stimulus pullback, Chinese growth fears

By Richard Hubbard LONDON (Reuters) - Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus program. The yen bounced sharply off recent lows and German Bunds rose, gaining support from a shift in sentiment that followed Fed Chairman Ben Bernanke's comment that the bank may trim its bond purchases at one of its next policy meetings.

Stock futures fall on stimulus plan concerns, China data

By Chuck Mikolajczak NEW YORK (Reuters) - Stock index futures fell on Thursday, putting the S&P 500 on track for its first daily back-to-back declines in a month, amid investor concerns the U.S. Federal Reserve may begin to taper its stimulus measures and over weak data in China. The S&P 500 <.SPX> posted its biggest decline in three weeks on Wednesday, after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting.

TSX up amid higher commodities, bargain hunters buy up depressed resource stocks

TORONTO - The Toronto stock market registered a solid gain as traders snapped up stocks that were beaten down in value earlier this month. The S The advance came on top of a 1.3 per cent gain last week as bargain hunters stepped up after the index tumbled over two per cent in the previous week on signs of slower than expected growth in China and a big retreat in gold prices. The Canadian dollar rose 0.51 of a cent to 98.85 cents US.

Mayor facing raps for investment scam ordered arrested

The Iligan City Regional Trial Court has ordered the arrest of Pagadian City Mayor Samuel Co who is facing syndicated estafa in connection with Aman Futures pyramiding scheme.

China stock index futures close lower April 12

China's stock index futures closed lower on Friday, with the contract for April 2013, the most actively traded, down 0.35 percent from the previous trading day to 2,461.8 points. The May 2013 contract dropped 0.32 percent to 2,464.0. The June 2013 contract lost 0.36 percent to 2,460.0 points, while the September 2013 contract went down 0.41 percent to 2,466.6 points. The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from both gains and declines in the market.

China stock index futures close higher -- April 9

China's stock index futures closed higher on Tuesday, with the contract for April 2013, the most actively traded, up 0.40 percent from the previous trading day to 2,480.6 points. The May 2013 contract increased 0.37 percent to 2,480.8.

China stock index futures close lower -- April 8

China's stock index futures closed lower on Monday, with the contract for April 2013, the most actively traded, down 0.80 percent from the previous trading day to 2,463.8 points. The May 2013 contract declined 0.80 percent to 2,465.6.
Syndicate content