Arab Today, arab today asia markets mostly down shanghai up seventh straight day
Last Updated : GMT 00:05:51
Arab Today, arab today
Arab Today, arab today

Asia markets mostly down, Shanghai up seventh straight day

Arab Today, arab today

Arab Today, arab today Asia markets mostly down, Shanghai up seventh straight day

Stocks in Shanghai rose
Hong Kong - AFP

Asian markets mostly fell Friday following another sell-off on Wall Street while the dollar edged up against the yen ahead of an expected US interest rate rise.

Gold prices extended losses as commodity prices are hurt by the stronger dollar but oil recovered slightly from Thursday's dips, although a global supply glut is expected to keep a lid on any strong gains.

Tokyo slipped 0.39 percent, Hong Kong dipped 0.47 percent, Seoul was 0.82 percent lower and Sydney was flat.

Shanghai rose 0.15 percent, a seventh-straight advance, after the government put in place measures to support the market in response to a month-long plunge.

US traders retreated for a third straight session Thursday in response to more soft reports, with American Express, Caterpillar and 3M all disappointing.

The below-par results follow similarly downbeat posts from Apple, Microsoft and United Technologies this week, which have fuelled fears about this quarter's earnings.

The Dow fell 0.67 percent, the S&P 500 dropped 0.57 percent and the Nasdaq gave up 0.49 percent.

Company profits have been pressured by a strengthening of the dollar as the Federal Reserve prepares to hike rates, with bank chief Janet Yellen last week saying she saw a move before the year's end.

In Tokyo Friday, the dollar was at 124.00 yen, up from 123.90 yen in New York.

The euro edged up to $1.0990 and 136.14 yen from $1.0985 and 136.10 yen.

"With the US dollar likely to keep rising as the Fed prepares to raise rates, there's still some sort of weakness to come in the commodity space," Angus Gluskie, managing director at White Funds Management Ltd. in Sydney, told Bloomberg News.

"The earnings outlook in the US is also somewhat subdued as a result of the strong US dollar. We're not likely to see a massive rally in the next few months."

On commodities markets gold is sitting at five-year lows as the expected rate hike sees traders flee from the safer sanctuary of the precious metal in search of better returns.

Bullion fetched $1,088.64 an ounce compared with $1,101.86 late Thursday.

Oil rose but continues to be blasted by the strong dollar and worries about a global supply glut.

US benchmark West Texas Intermediate for September delivery was up 37 cents to $48.82 -- around its lowest levels since March -- and Brent crude for September gained 26 cents to $55.53 a barrel in morning Asian trade.

arabstoday
arabstoday

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance

GMT 11:06 2017 Thursday ,12 October

Wall Street ends at fresh records; Spanish stocks gain

GMT 21:13 2017 Wednesday ,11 October

Bahrain Bourse daily trading report (update)
Arab Today, arab today
Arab Today, arab today

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 down shanghai up seventh straight day Arab Today, arab today asia markets mostly down shanghai up seventh straight day

 



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 down shanghai up seventh straight day Arab Today, arab today asia markets mostly down shanghai up seventh straight day

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
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 'Final phase' of battle for Raqa

GMT 03:47 2017 Monday ,16 October

'Final phase' of battle for Raqa
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms
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 Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today Conservation cutbacks put Brazil's

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:20 2017 Thursday ,12 October

Chad extends key conservation area

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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