Arab Today, arab today shanghai slips after 10day rally us data revives rate talk
Last Updated : GMT 18:11:48
Arab Today, arab today
Arab Today, arab today

Shanghai slips after 10-day rally, US data revives rate talk

Arab Today, arab today

Arab Today, arab today Shanghai slips after 10-day rally, US data revives rate talk

Shanghai stocks
Hong Kong - AFP

Shanghai stocks retreated for the first time in 11 sessions on Wednesday as profit-takers moved in, while other Asian equity markets trod water after a healthy batch of US data again raised the prospect of an early interest rate hike.
The euro edged up marginally as investors were cheered by warmer relations between Greece and Germany as eurozone leaders try to hammer out a reformed bailout deal for Athens.
Shanghai, which surged to a near seven-year high over the past 10 sessions, eased 0.32 percent, while Seoul was slightly lower.
Tokyo was down 0.12 percent by the break, while Hong Kong edged up 0.13 percent and Sydney added 0.10 percent.
Global investors are keeping a close watch on the United States, looking for any signs that could give an idea of when the Federal Reserve will lift interest rates.
Comments last week from the central bank that the economy still had weaknesses cooled expectations it would announce an increase in early summer.
However, markets took note of news from the Labor Department that inflation hit 0.2 percent in February. That followed three successive months of falling prices, including January's 0.7 percent drop, which was the steepest since late 2008 during the financial crisis.
Also sales of new single-family homes surged to a seven-year high in February, accelerating for the third consecutive month, the Commerce Department reported Tuesday.
The figures revived talk of an early rate hike, sending the dollar up and US stocks lower.
In Asian currency trade the dollar bought 119.69 yen, compared with 119.77 yen in New York but still up from 119.45 yen earlier Tuesday in Tokyo.
The Dow dipped 0.58 percent, the S&P 500 fell 0.61 percent and the Nasdaq lost 0.32 percent.
Hopes for a resolution to the long-running Greek debt crisis were raised after the country's Prime Minister Alexis Tsipras held meetings with German Chancellor Angela Merkel and other officials in Berlin that were said to have gone well.
European officials on Tuesday were hopeful that after months of tough negotiation, common ground could finally be reached with the new anti-austerity Greek government, which swept January elections in a ticket of renegotiating its debt obligations.
The upbeat news continues to support the euro, which bought $1.0927 and 130.74 yen Wednesday, compared with $1.0919 and 130.78 yen in US trade.
Oil prices edged higher. US benchmark West Texas Intermediate rose six cents to $47.57 while Brent gained 14 cents to $55.25.
Gold fetched $1,188.60 against $1,191.35 late Tuesday.

 

arabstoday
arabstoday

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
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 shanghai slips after 10day rally us data revives rate talk Arab Today, arab today shanghai slips after 10day rally us data revives rate talk

 



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 shanghai slips after 10day rally us data revives rate talk Arab Today, arab today shanghai slips after 10day rally us data revives rate talk

 



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 Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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