Monday, 17 December, 2018

Stocks rally as trade tensions keep investors guessing

Market prices are reflected in a glass window at the TSE in Tokyo   Thomson Reuters Market prices are reflected in a glass window at the TSE in Tokyo Thomson Reuters
Russell Knight | 11 April, 2018, 00:45

Cohen has been at the centre of a controversy surrounding payment to a porn star who has alleged that she had sex once in 2006 with Trump and was paid money shortly before the 2016 election to keep quiet about it.

Japan's Nikkei share average rose 0.8 percent, helped by a jump in the transportation sector.

Most Asian stock markets turned higher Friday as investors brushed off initial worries about the Trump administration's latest threats of yet more tariffs on Chinese imports, indicating concerns were easing about a brewing trade battle between the world's two biggest economies. Markets in mainland China and Hong Kong were closed for holidays. "You make sure you have no position before a speech that important".

Down Under, the S&P/ASX 200 advanced 0.83 percent to 5,857, as the energy, materials and financials subindexes all recorded gains of more than 1 percent. South Korea's Kospi added 0.3 percent to 2,450.74. USA shares were also set to drift higher with the future for the Dow industrial average surging 1.1 percent to 24,279.

U.S. stock indexes rose on Monday, but finished the day well off session highs following a report that Federal Bureau of Investigation officers had raided the office of Michael Cohen, Trump's longtime personal lawyer.

Shares in Vietnam, the only market in Southeast Asia with double-digit percentage gains year-to-date, marked a fresh all-time peak and were on track to end higher for the 18th session in 21. Against the USA dollar, the Australian dollar gained 0.4 per cent to $0.7730.

The euro climbed 0.1 percent to $1.2328, the strongest in two weeks. The Russell 2000 index of smaller company stocks added 1.17 points, or 0.1 percent, to 1,514.46.

FILE PHOTO - Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 5, 2018. The top performers for the day included the Topix iron and steel subindex and automobiles sectors, which rose 2.04 percent and 1.42 percent, respectively.

The Queen reveals the one gift she always receives
She adds: "Are you sure that's meant to be like that?" to someone off camera, joking: "somebody sat on it I think, at the garden party".

Kathua rape-murder: Chargesheet filed against seven amid protests by lawyers
J&K crime branch filed chargesheet late Monday evening; Jammu bar association calls bandh Wednesday against police action . The judge, Crime Branch officials and Chief Prosecuting Officer went to the court room, but the slogans did not stop.

U.S. will 'regret' if it scraps nuclear deal, Rouhani warns
We do not care about threats. "Those who say unfair and wrong things will understand that those words do not benefit them". If the JCPOA stays or not, with the USA or without it, we are prepared.

"After Friday's flight from risk, the positive mood in equities to start the week is encouraging a rebound in oil, with a weakening dollar providing a further shot in the arm". USA stock futures also edged up amid improved investor confidence.

The suspected chemical weapons attack late Saturday night killed at least 60 people had been killed and more than 1,000 injured in several sites in Douma, a city near the capital Damascus, according to a Syrian aid organisation. USA 10-year Treasuries fell, pushing their yields up 2 basis points to 2.806 per cent.

Xi's remarks on Tuesday came on the back of President Donald Trump's announcement on Friday that he had instructed US trade officials to consider an additional $100 billion in tariffs on Chinese imports.

The deficit will grow to $804 billion in fiscal 2018, which ends on September 30, up from $665 billion in fiscal 2017, the CBO said, despite expectations of stronger near-term economic growth than the agency previously forecast.

Futures on the S&P 500 Index increased 1.1 percent.

DBS Group Holdings Ltd rose 1.3 percent, while Singapore Telecommunications Ltd shed 0.9 percent.

Spot gold XAU= added 0.2 percent to $1,335.87 an ounce. Britain's FTSE 100 gained 0.3 percent to 7,218.11.

Copper increased 1.2 percent to $3.12 a pound, the highest in nearly four weeks.

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