Arab Today, arab today asian markets dip despite wall street record
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Asian markets dip despite Wall Street record

Arab Today, arab today

Arab Today, arab today Asian markets dip despite Wall Street record

Asian markets dip
Hong Kong - AFP

Asian markets dipped on Tuesday in thin trade despite a positive lead from Wall Street where indices reached fresh records ahead of the release of key US economic data.
Sydney fell 0.79 percent, Shanghai dropped 0.73 percent, and Seoul slipped 0.11 percent in morning trade. Hong Kong rose 0.15 percent while Tokyo was closed for a public holiday.
The slide in Asia came after investors in the United States remained buoyed by a Federal Reserve meeting last week and hoped for more good news from a heavy day of economic data releases Tuesday.
Last Wednesday, the Fed kept interest rates low and left in place expectations that it may wait until mid-2015 before raising them.
On Tuesday, the Dow Jones Industrial Average and broad-based S&P 500 hit new highs.
The Dow jumped 154.64 (0.87 percent) to 17,959.44, a little less than a point above the previous record.
The S&P 500 advanced 7.89 points (0.38 percent) to 2,078.54, about three points above the previous high December 5.
The tech-rich Nasdaq Composite Index also rose, rising 0.34 percent.
"Money is flowing to the US right now because it's definitely in the healthiest position," Aaron Jett, vice president of global equity research at Bel Air Investment Advisors told Dow Jones Newswires.
Investors are looking to the release on Tuesday of US economic reports, including the third estimate of third-quarter gross domestic product and durable goods orders for November.
Economists surveyed by the Wall Street Journal expect the agency to say the US economy grew at a seasonally adjusted  rate of 4.3 percent in the July-September quarter, up from its previous estimate of 3.9 percent.
Overall trading is expected to be thin this week, with many investors away for Christmas and New Year.
"We are seeing a shortage of liquidity for trading purposes," said Hao Hong, managing director of research at Bank of Communications International.
The US dollar was at 120.13 yen in late-morning Singapore trade, up slightly from 120.07 yen in New York on Monday.
The euro bought $1.2227 and 146.89 yen, against $1.2226 and 146.80 yen in US trade.
On oil markets, US benchmark West Texas Intermediate for February delivery gained 51 cents to $55.77 while Brent crude for February was up 29 cents to $60.40 in mid-morning trade.
Gold was at $1,177.66 an ounce at 0410 GMT, compared to $1,198.02 late Monday.

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 asian markets dip despite wall street record Arab Today, arab today asian markets dip despite wall street record

 



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 asian markets dip despite wall street record Arab Today, arab today asian markets dip despite wall street record

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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