Arab Today, arab today asian stocks mixed chinafuelled rally
Last Updated : GMT 10:21:42
Arab Today, arab today
Arab Today, arab today

Asian stocks mixed China-fuelled rally

Arab Today, arab today

Arab Today, arab today Asian stocks mixed China-fuelled rally

Asian markets
Hong Kong - AFP

Asian markets were mixed on profit-taking on Tuesday after a Chinese rate cut fuelled a rally in the previous session, while Tokyo played catch-up following a long weekend.
The euro was treading water after getting a lift Monday from data showing German business confidence rose in November for the first time in seven months.
Tokyo rose 0.34 percent after a long weekend, while Seoul was flat and Sydney lost 0.76 percent. Hong Kong slipped 0.27 percent and Shanghai added 0.24 percent.
Traders largely took their foot off the pedal after Monday's surge that came on the back of China's surprise decision last week to slash interest rates for the first time in two years in a bid to kickstart growth in the Asian economic powerhouse.
"The positive market hit from Friday's stimulus measures coming out of China looks to be very short lived," brokerage IG said, according to Dow Jones Newswires.
The latest losses came despite another record close on Wall Street, where attention is now on the release of US third-quarter growth figures as well as data on consumer confidence, home prices and business activity.
The Dow edged up 0.04 percent to its third straight record close and the S&P 500 gained 0.29 percent, also an all-time high. The Nasdaq tacked on 0.89 percent.
In foreign exchange markets the euro bought $1.2431 and 147.19 yen, compared with $1.2439 and 147.10 yen in New York.
However, the single currency is up from levels seen earlier Monday in Asia after the Ifo index of German business confidence rose this month, providing some welcome news from the eurozone's biggest economy which has shown signs of struggling recently.
"The downturn in the German economy has ground to a halt for the moment at least," Ifo chief Hans-Werner Sinn said in a statement.
In other forex trade the dollar was at 118.38 yen, up from 118.25 yen in US trade.
Oil was lower ahead of a closely watched meeting of the OPEC cartel, which will decide whether or not to cut output to prevent prices falling further. US benchmark West Texas Intermediate for January delivery was down 16 cents to $75.62 while Brent crude for January fell 27 cents to $79.41.
Gold was at $1,196.80 an ounce, compared with $1,195.75 late Monday.

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 stocks mixed chinafuelled rally Arab Today, arab today asian stocks mixed chinafuelled rally

 



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 Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
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 Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
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 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed
View News in Arabic - Business: أسواق مالية
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 Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
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 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

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 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

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