ASX to edge higher, Wall St consolidates
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Australian shares are set to edge modestly higher at the open. Wall Street eased after surging higher the previous session.
ASX futures were up 16 points or 0.2 per cent to 6738 near 8am AEDT. The currency rose 0.7 per cent. The yield on the US 10-year note slipped 2 basis points to 1.40 per cent.
Todayâs GDP data could further bolster the Aussie.
The data could be the catalyst to propel the $A higher again, according to Steven Dooley, currency strategist at Western Union Business Solutions.
âLast quarterâs GDP result beat expectations, and we expect that trend to continue,â Mr Dooley said. âA better-than-expected result from exports along with a strong showing from retail could see the quarterly result as high as 3.0pc.â
China Enterprises index HSCE falls 1.76% IT index drops 4.42% as Tencent drags
Feb 22 (Reuters) - Hong Kong shares shed early gains to
close 1% lower on Monday, as investors fretted over stretched
valuations while concerns over the risks of policy tightening in
China also weighed. At the close of trade, the Hang Seng index was down
324.90 points or 1.06% at 30,319.83, reversing gains marked
earlier in the day. The Hang Seng China Enterprises index fell 1.76% to
11,893.68. Tencent Holdings Ltd was the biggest drag in the
Hang Seng index, falling 3.71% and pulling the IT sector
4.42% lower. The IT index hit a record high last week.
ASX to slip as commodities extend gains
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Australian shares are poised to open lower, as selling in Wall Street offset rising prices for commodities and optimism about the global economic outlook.
Gold, oil, iron ore as well as copper, nickel, aluminium and lead advanced overnight.
ASX futures down 13 points or 0.2 per cent to 6700 near 8am AEDT; they had been 15 higher at 7am AEDT. The currency was up 0.6pc.
In New York, US stocks were mixed with the Dow barely higher and both the S&P 500 and Nasdaq lower. The Nasdaq slumped 2.5 per cent, with a late surge in selling extending losses.
Hong Kong s once in a blue moon opportunity citywire.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywire.co.uk Daily Mail and Mail on Sunday newspapers.
Hong Kong shares close higher with energy firms leading gains on higher oil prices Reuters 2/9/2021
Popular Searches China reports zero locally transmitted infections for a second day
BEIJING, Feb 9 (Reuters) - Hong Kong shares ended higher on Tuesday with energy stocks leading gains, following rising oil prices as investors were reassured by a quicker economic recovery. At the close of trade, the Hang Seng index was up 156.72 points, or 0.53%, at 29,476.19. The Hang Seng China Enterprises index rose 0.37% to 11,602.76. The sub-index of the Hang Seng tracking energy shares rose 2.7%, while the IT sector rose 0.82%. The financial sector ended 0.48% higher and the property sector dipped 0.39%. The top gainer on the Hang Seng was Budweiser Brewing Company APAC Ltd, which rose 4.72%, while the biggest loser was Techtronic Industries Co Ltd, which fell 2.85%.