Arab Today, arab today asia markets mostly up eyes on china meeting and us jobs
Last Updated : GMT 21:47:39
Arab Today, arab today
Arab Today, arab today

On most Asian trading floors Thursday

Asia markets mostly up, eyes on China meeting and US jobs

Arab Today, arab today

Arab Today, arab today Asia markets mostly up, eyes on China meeting and US jobs

Energy firms enjoyed more buying interest thanks to the pick-up in oil
Hong Kong - Arab Today

The broadly upbeat mood that has pushed global markets higher recently helped extend gains on most Asian trading floors Thursday following a lead from Wall Street.

Energy firms were the big winners thanks to the recovery in crude, while there are hopes that China's leadership will unveil new economy-boosting measures when they start a policy meeting at the weekend.

After a nerve-shattering start to the year that saw trillions of dollar wiped off valuations, there are hopes markets have found some stability.

Confidence has been given a lift from positive US data on jobs Wednesday, China's decision to loosen monetary policy further and talk of a deal between Saudi Arabia and other key producers on limiting oil output to shore up prices.

Payrolls firm ADP said the US private sector added 214,000 jobs in February, better than the 190,000 expected.

The report came ahead of Friday's US Department of Labor February jobs figures and will provide some reassurance following weeks of worry that the world's top economy may not be as strong as originally thought.
"The better US data flow continued to support the improvement in risk appetite in financial markets," Sharon Zollner, a senior economist in Auckland at ANZ Bank New Zealand, said in a client note.

"Global markets have broadly had a much better time of it in recent weeks as speculation rises that the early-year pessimism was overcooked, particularly regarding the US," she added, according to Bloomberg News.

- Energy firms rise -

Tokyo was up 0.9 percent by the break, Shanghai gained 0.2 percent and Sydney 0.8 percent, while there were also strong gains in Singapore, Wellington and Kuala Lumpur.

However, after a two-day surge of about 4.5 percent Hong Kong retreated 0.9 percent in early exchanges.

Traders are also keeping watch on events in Beijing where the government Saturday heads into the National People's Congress, where delegates will sign off on a new five-year economic plan.
The gathering comes days after the central bank cut the amount of cash banks must keep in reserve, its latest move to try to ramp up lending in order to kickstart slowing growth.

Energy firms enjoyed more buying interest thanks to the pick-up in oil. Sydney-listed BHP Billiton was more than three percent up and Rio Tinto was two percent better off, while Inpex and JX Holdings in Tokyo were also soaring.

Crude, which in January was wallowing near 13-year lows below $30 a barrel, has was holding up Thursday despite another increase in US stockpiles.

Dealers have been buoyed by talk among producers of a plan to coordinate a limit to output. Saudi Arabia, Russia and others have said they would abide by such a cap if other producers follow suit.

- Key figures around 0300 GMT -

Tokyo - Nikkei 225: UP 0.9 percent at 16,895.08 (break)

Shanghai - composite: UP 0.2 percent at 2,855.16

Hong Kong - Hang Seng: DOWN 0.8 percent at 19,853.76

Euro/dollar: UP at $1.0867 from $1.0865 on Wednesday

Dollar/yen: UP at 113.76 yen from 113.46 yen

New York - Dow: UP 0.2 percent at 16,899.32 (close)

London - FTSE 100: DOWN 0.1 percent at 6,147.06 points (close)
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia markets mostly up eyes on china meeting and us jobs Arab Today, arab today asia markets mostly up eyes on china meeting and us jobs

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia markets mostly up eyes on china meeting and us jobs Arab Today, arab today asia markets mostly up eyes on china meeting and us jobs

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday