Asian stocks rise after Wall Street record on trade truce
03 July, 2019, 21:48
"The S&P 500 index SPX, +0.23% is on track for its best June return, with a gain of about 6.5%, since 1955 when the broad-market benchmark rose 8.2%, while the Nasdaq Composite Index COMP, +0.17% was on track for a 6.9% return in June, which would represent its best June since a 16.6% gain back in 2000". The Nasdaq composite added 17.93 points, or 0.2%, to 8,109.09.
Energy stocks slumped broadly as the price of crude oil gave back nearly 5%.
10-year Treasury rises, pushing yield down 3 basis points to 1.95%. "The S&P 500 rose 0.8% and reach an all-time high of 2,977.86, breaking above its previous record of 2,964".
The financial sector was flat, while bank stocks, which tend to benefit from a higher interest rate environment, fell 0.37%.
Dow members ExxonMobil and Chevron shed more than 1% and midsized companies Marathon Oil and Devon closer to 5% after an oil-production agreement at the Organization of the Petroleum Exporting Countries failed to allay concerns about oversupply.
Stocks edged back from their record high levels as investors ponder what will come of the latest truce in the U.S.
Traders now see a 29.7% chance the Federal Reserve would cut borrowing costs by half a percentage point at its July 30-31 policy meeting, up from the 25% perceived chance on Tuesday and 24% a week ago.
IL tax hikes could kill small businesses, expert warns But the widespread hikes are notable, said Kloza: "I don't ever recall these many states raising gas taxes on the same day". The state doubled its gas tax to 38 cents per gallon, up from 19 cents per gallon - which had been the rate since 1990.
Quinnen Williams earns highest Madden rookie rating If I had to pick one to make a serious jump this season in ratings outside of Montgomery, I would go with Ridley. So did fourth-round punter Mitch Wishnowsky - the first specialist taken off the board in this year's draft.
Trading was subdued ahead of the Independence Day holiday Thursday in the USA, where markets will close early on Wednesday.
On Wall Street, the Standard & Poor's 500 index rose 0.8 percent after Trump's agreement to hold off imposing new tariffs on $300 billion of Chinese imports put investors in a buying mood. Yields have been falling since last autumn on worries about a slowing economy and as expectations have climbed for a rate cut by the Federal Reserve. When yields decline they push down interest rates that banks charge for mortgages and other loans, cutting into their profits. Investors were reacting to a weaker-than-expected Automatic Data Processing Inc. private-sector labor report, which showed that the US added 102,000 nonfarm jobs for June, less than economists were expecting, with growth being driven by the service-producing sector and hurt by small businesses.
Lighting company Acuity Brands sank 7.8% despite reporting stronger profit for its latest quarter than analysts expected. Micron Technology lost 1.3% and Nvidia fell 2.4%.
In commodities trading, benchmark crude oil fell $2.84, to settle at $56.25 a barrel.
Brent crude, the worldwide standard, added 47 cents to $62.87 per barrel.
CURRENCY: The dollar declined to 108.41 yen from Monday's 108.44 yen. The euro fell to US$1.1278 from US$1.1285.
The modified drug was packaged into nanocrystals, which readily distribute to tissues where HIV is likely to be lying dormant. He added: "Only by pooling our resources together were we able to make this groundbreaking discovery".
Her body was discovered at a depth of more than 200 metres in the Italian lake by an underwater robot operated from the surface. Nils Nielsen, coach of the Swiss women's side, led the tributes to Ismaili saying, "I am deeply saddened and shaken".
VVS Laxman, the former cricketer, felt sorry for in-form Rayudu and wished him happiness and peace in his second innings. However, despite being named in the list of reserve players for the World Cup, Rayudu was given a cold shoulder.
They should be brought before a magistrate for their "criminal negligence" de Livera said in a letter to the acting police chief. Three churches and three luxury hotels in Colombo were hit by suicide bombers who pledged allegiance to the Islamic State group.
The delivery numbers included 10,600 vehicles that had been in transit at the end of the first quarter. That will test the California-based company's ability to keep shipping and logistics costs contained.
Yet that hadn't stopped Japan continuing to kill whales under what's been widely criticised as a guise for commercial whaling . The allotted species targeted in commercial hunting are 171 mink whales, 25 sei whales and 187 Bryde's whales.
Under Swedish law, Rocky and the others can be held for up to three days before appearing before a judge to face formal charges. The conversation was said to be over a pair of broken headphones and caused the men to follow Rocky and call the cops.
In the post, she accused Scooter of "bullying" her and said she was "sad and grossed out" that he will now profit from her music. Braun's client Ariana Grande deleted a "congratulations" post from her Instagram story that celebrated her manager's new deal.
The Love Island villa descends into chaos on Wednesday's upcoming episode as the teaser showed Amy locking horns with Curtis. Meanwhile, Amber has remained loyal and stoic in Casa Amor, which makes it all the more heartbreaking.
Last month brought a couple of big games to PS Plus subscribers for no extra cost, so they have some big shoes to fill in July. Become Human released past year and became Quantic Dream's most successful launch with over two million sales.
Aussie police accuse suspect of plotting terror attack
The police made the arrests because they had compiled sufficient evidence for charges, Mr McCarthy said, but offered few details. Three men accused of being ISIS supporters have been arrested over an alleged terror plot following raids across western Sydney.
Brexit uncertainty hurts United Kingdom builders
A composite PMI covering both sectors came in at 52.6 in June, unchanged from both the May and flash readings. On Tuesday, meanwhile, it emerged that United Kingdom construction output plunged to a 10-year low in June.
Aussie Rallies After RBA Cuts Interest Rates
Digital Finance Analytics founder Martin North said that it is highly likely for the RBA to decide to push through with a QE. But Lowe also noted "tentative signs" that housing prices are stabilising in Sydney and Melbourne.
Jimmy Butler finally off to Heat after mega-four team trade
Yesterday, it was announced Jimmy Butler would be a member of the Miami Heat via a sign-and-trade from the Philadelphia 76ers . He's also been stuck in the rumor mill with the Los Angeles Lakers, Houston Rockets, and Los Angeles Clippers .
Stowaway Falls Into London Garden From Kenya Airways Plane
Mr Kibe told the BBC that Kenya's Department of Criminal Intelligence, along with the US's FBI, are investigating what happened. A post-mortem examination would be carried out and the death was not being treated as suspicious, United Kingdom police said.