Arab Today, arab today asian investors tread carefully
Last Updated : GMT 20:22:20
Arab Today, arab today
Arab Today, arab today

Ahead of Yellen speech

Asian investors tread carefully

Arab Today, arab today

Arab Today, arab today Asian investors tread carefully

Oil prices, which this month have seen predominantly strong gains on hopes for a deal to freeze output, edged down again
Hong Kong - Arab Today

Asian markets retreated Tuesday as investors returned to trading floors after the long Easter break, with attention turning to a speech by US Federal Reserve chief Janet Yellen later in the day.

After a broadly upbeat month across all asset classes -- which saw healthy gains after the sharp sell-offs of January and February -- investors also looked to cash in before closing their positions by the end of the financial year.

A string of easing measures from central banks around the world provided some much-needed support over March. There are also hopes Yellen will shed some light on the Fed's thinking on its interest rate policy in her speech in New York Tuesday.

A recent series of strong US data -- including Friday's better than forecast fourth-quarter growth -- raised the prospect of a lift sometime soon, although disappointing inflation and consumer spending figures Monday dampened expectations again.
Tokyo's Nikkei closed 0.2 percent down, while Hong Kong gave up 0.3 percent in the afternoon and Shanghai finished 1.3 percent lower. Sydney shed 1.6 percent and Singapore was also lower.

The uneasy start to the week came after a largely positive but soft lead from Wall Street.

"Much of Wall Street's rebound, and indeed that of global markets, over the last five weeks has been driven by expectations for continued policy accommodation from the world's central banks," Matthew Sherwood, head of investment strategy at Perpetual in Sydney, told Bloomberg News.

"It is no surprise that the market rally is showing signs of fatigue. A weak recovery despite record stimulus remains a tough environment for risk markets."

Also on the agenda this week is the release Friday of a US jobs report that will give further insight into the state of the world's top economy.
Oil prices this month have predominantly seen strong gains -- breaking above $40 at one point -- on hopes of a deal to freeze output. But they edged down again Tuesday, with US benchmark West Texas Intermediate 0.8 percent lower and Brent shedding 0.9 percent.

Analysts said the ongoing supply glut that has scythed prices since mid-2014 as well as weak demand continue to weigh on the commodity, while a report this week is expected to show another rise in US stockpiles.

- Key figures around 0700 GMT -

Tokyo - Nikkei 225: DOWN 0.2 percent at 17,103.56 (close)

Shanghai - Composite: DOWN 1.3 percent at 2,919.83 (close)

Hong Kong - Hang Seng: DOWN 0.3 percent at 20,290.29

Euro/dollar: DOWN at $1.1195 from $1.1196 on Monday

Dollar/yen: UP at 113.60 yen from 113.45 yen

New York - Dow: UP: 0.1 percent at 17,535.39 (close)

London - FTSE 100: Closed for public holiday

 

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 asian investors tread carefully Arab Today, arab today asian investors tread carefully

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 15:55 2017 Thursday ,16 February

Egyptian foods completely unobserved nor healthy

GMT 11:18 2017 Wednesday ,15 February

Reveals plan to get out of financial crisis

GMT 12:33 2017 Tuesday ,14 February

Yemeni accuses militias of challenging oil

GMT 18:07 2017 Monday ,13 February

Over 3000 workers lost their jobs

GMT 17:57 2017 Sunday ,12 February

Seeks to achieve growth of about 30% in 2017

GMT 14:05 2017 Saturday ,11 February

Stresses Increase prices not surprise citizens

GMT 05:22 2017 Wednesday ,08 February

Yemeni official: Militants polarized jobless people
View News in Arabic - Business: أخبار الاقتصاد
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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