Arab Today, arab today asian markets mixed after fiscal cliff rally
Last Updated : GMT 12:13:36
Arab Today, arab today
Arab Today, arab today

Asian markets mixed after fiscal cliff rally

Arab Today, arab today

Arab Today, arab today Asian markets mixed after fiscal cliff rally

Hong Kong - AFP

Asian markets were mixed on Thursday following the previous day\'s huge gains after US lawmakers agreed a deal to avert the fiscal cliff, while concerns over upcoming fights in Washington hurt sentiment. The yen clawed back some of its losses against the euro and dollar but remains under pressure on expectations of further monetary easing by the Bank of Japan. Sydney rose 0.74 percent, or 34.8 points, to 4,740.7 -- the highest since May 2011 -- but Seoul slipped 0.58 percent, or 11.69 points, to 2,019.41 and Hong Kong eased 0.18 percent in the afternoon, Shanghai and Tokyo were closed for public holidays. Relief that Washington had reached a last-minute deal to avoid huge tax hikes and spending cuts sent global markets soaring on Wednesday, with Hong Kong hitting a 19-month high and Wall Street also starting the year with a bang. The Dow jumped 2.35 percent, the S&P 500 added 2.54 percent and the Nasdaq surged 3.07 percent. Economists had warned that going over the cliff would have likely seen the economy tip into recession, with knock-on effects for the rest of the world. However, while Democrats and Republicans passed a compromise, they only delayed the imposition of spending cuts for two months, meaning another debilitating stand-off is almost certain at the end of February. There are also worries about the lifting of the debt ceiling, also at the end of February, with analysts saying the country could see a repeat of the row in summer 2011 that saw Washington\'s credit rating downgraded for the first time. \"It\'s good that they struck a deal, but there\'s a harder fight in the next six to eight weeks, and it\'s tough to imagine the market doesn\'t stay choppy until we get past the debt-ceiling debate,\" Richard England, portfolio manager for Atlanta Capital Management, told Dow Jones Newswires. Investors will now be looking ahead to the release on Friday of US jobs data for a better idea of the state of the world\'s number one economy. On currency markets the euro bought $1.3145 from $1.3184 in New York late on Wednesday. The euro was at 114.75 yen from 115.13. The dollar fell to 87.28 yen from 87.32 yen. The yen picked up slightly after suffering heavy selling on Wednesday, with dealers taking the opportunity to take profits on Thursday. But it is likely to face further pressure as expectations rise for more central bank easing. Oil prices eased, with New York\'s main contract, light sweet crude for delivery in February down 18 cents to $92.94 a barrel in the afternoon and Brent North Sea crude for February delivery shedding 29 cents to $112.18. Gold was at $1,687.50 at 0625 GMT compared with $1,683.30 late Wednesday. In other markets: -- Taipei rose 0.74 percent, or 57.62 points, to 7,836.84. Taiwan Semiconductor Manufacturing Co. gained 1.41 percent to Tw$101.0 while leading smartphone maker HTC was down 2.97 percent at Tw$294.0. -- Wellington rose 0.39 percent, or 15.85 points, to 4,082.37. Fletcher Building added 0.8 percent to NZ$8.46 while Contact Energy gained 1.5 percent to NZ$5.28.

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 mixed after fiscal cliff rally Arab Today, arab today asian markets mixed after fiscal cliff rally

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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