Arab Today, arab today asian markets rise after china rate cut us data
Last Updated : GMT 22:44:04
Arab Today, arab today
Arab Today, arab today

Asian markets rise after China rate cut, US data

Arab Today, arab today

Arab Today, arab today Asian markets rise after China rate cut, US data

Asian stock markets
Hong Kong - AFP

Asian markets mostly rose on Monday after China at the weekend cut interest rates for the second time since November, while better-than-forecast US economic data helped push the dollar up against the yen.
Several key events will also be taking investors' attention this week, including a meeting of China's Communist Party, the European Central Bank and the release of US jobs figures.
Hong Kong added 0.70 percent, Shanghai gained 0.68 percent, Tokyo climbed 0.26 percent by the break, Sydney put on 0.71 percent and Seoul was 0.33 percent higher.
The People's Bank of China on Saturday cut interest rates by 25 basis points, citing "historically low inflation" among the factors behind its decision.
The move is the latest by authorities aimed at helping the economy regain its lustre after it grew in 2014 at its slowest pace since 1990. This month the PBoC also cut the percentage of funds banks must hold in reserve, known as the reserve requirement ratio, to try to boost lending.
It also comes just ahead of the start Thursday of the annual meeting of China's rubber-stamp legislature, the National People's Congress, at which Premier Li Keqiang is expected to deliver an address on the state of the economy.
Saturday's announcement was followed the next day by official data showing the country's manufacturing sector shrank for a second straight month in February.
Buying was also helped by news that the US economy grew 2.2 percent in the last quarter of 2014, slower than the 2.6 percent first estimated but not as slow as the 2.1 percent forecast.
The news lifted the dollar, which bought 119.82 yen in Tokyo Monday, against 119.63 yen in New York and well up from 119.17 yen in Tokyo earlier Friday.
The euro bought $1.1167 and 133.83 yen, compared with $1.1195 and 133.93 yen in US trade.
However, Wall Street's main indexes still retreated.
The S&P 500 slipped 0.30 percent Friday but still managed to record its best month since October 2011, putting on 5.5 percent. The Dow eased 0.45 percent and the Nasdaq fell 0.49 percent
Oil retreated after enjoying steep gains Friday, with some analysts suggesting prices have bottomed out after hitting six-year lows in January.
US benchmark West Texas Intermediate for March delivery fell 44 cents to $49.32 while Brent crude for April was down 49 cents to $62.09.
Gold fetched $1,218.15 against $1,206.45 late Friday.

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 rise after china rate cut us data Arab Today, arab today asian markets rise after china rate cut us data

 



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 rise after china rate cut us data Arab Today, arab today asian markets rise after china rate cut us data

 



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 unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
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 Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
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 Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

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