Asian shares rise, yen falls as traders shrug off Omicron fears Stock Market 

Asian shares rise, yen falls as traders shrug off Omicron fears

By Administrator_India Capital Sands Asian shares gained on Tuesday, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in riskier currencies and asset classes like equities. A variety of asset classes from oil to Japan’s Nikkei Stock Average are now trading at around one-month highs, having walked back losses from late November when the Omicron variant of COVID-19 first emerged and sent investors scurrying for safe havens. As the worst fears of the impact of the new…

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Market 

Top 10 things to know What changed for the market ?

By Administrator_ India Capital Sands The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 23 points loss. The BSE Sensex closed above the psychological level of 49,000, rising 486.81 points or 1 percent to 49,269.32 on January 11 while the Nifty50 climbed 137.50 points to 14,484.80. According to pivot charts, the key support levels for the Nifty are placed at 14,412.53, followed by 14,340.27. If the index moves up, the key resistance levels to watch out for…

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Business News Economic News 

Asian stocks at seven-month highs after Wall Street cracks more records

By Administrator_India Capital Sands   Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside of Japan rose 0.3%, up for a third straight day to 570.80 points, a level not seen since late January. The gains were driven by Australian shares, up 0.8% and South Korea, which added 0.6%. Japan’s Nikkei nudged up too though Chinese shares started weaker with…

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Asian Market Business 

Asian stocks fall on U.S. stimulus uncertainty

By Administrator_India Capital Sands Asian stocks dipped on Wednesday on growing uncertainty over whether the U.S. lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus. Hopes of vaccine development, however, prompted some investors to reduce safe-haven assets such as gold and government bonds, and to buy back battered stocks of companies hit hardest by the virus. The mixed sentiment has led to choppy trade in Asia with the index of ex-Japan Asia-Pacific shares shedding 0.76% while Japan’s Nikkei gained 0.2%.…

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Asian Market Business 

Asian shares fall after Trump takes aim at China tech firms

By Administrator_India Capital Sands Asian shares tumbled on Friday after U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with China’s tech giant Tencent as well as ByteDance, the owner of video-sharing app TikTok. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 1% and Hong Kong’s Hang Seng fell 2%. Tencent, Asia’s second-biggest company by market capitalisation, dropped 9.0%. Mainland China’s CSI 300 Index fell 1.3% while Japan’s Nikkei slipped 0.6%. S&P500 futures slid 0.5%. The announcement blew off any excitement from China’s trade data, which showed…

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Asian Market Business News 

Asia stocks rise as upbeat factory data lifts confidence

By Administrator_India Capital Sands   Asian shares rose on Tuesday after strong U.S. manufacturing data and gains in tech stocks helped investors look past broader worries about the coronavirus and global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9%, while shares in China nudged up 0.1%. Australian stocks gained 2% for the biggest intraday gain since July 21. Tokyo shares also jumped by more than 1%. Oil futures gave up their overnight gains and fell in Asia due to nagging worries about an increase in the supply of…

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Asian Market Business 

Asian stocks rise, dollar languishes near two-year lows on Fed

By Administrator_India Capital Sands   Asian stocks were boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero to support the country’s virus-battered economy, sending the dollar to a two-year trough. All Fed members voted to leave the target range for short-term rates between 0% and 0.25%, where it has been since March 15 when the virus was beginning to hit the nation. The unchanged policy setting together with a pledge the Fed would use its “full range of tools” if…

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Asian Market Business 

Asian markets, risk assets ride up on vaccine hopes

By Administrator_India Capital Sands   Asian shares jumped on Wednesday as optimism about a coronavirus vaccine bolstered risk appetite while the euro rose to a four-month top on the prospect of stimulus ahead of a crucial EU summit. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2%, edging closer to a recent five-month peak. Japan’s Nikkei added 1.5% to the highest since June 10 while Australia’s benchmark index was up 1%. Chinese shares gained modestly with the blue-chip CSI300 index ticking up 0.3%. E-mini futures for the S&P 500 rose 0.8%. Risk…

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Asian Market Business 

Asian markets dip as virus and Sino-U.S. tensions flare

By Administrator_India Capital Sands   Asian stock markets slipped on Tuesday, oil sagged and a safety bid supported the dollar as simmering Sino-U.S. tensions and fresh coronavirus restrictions in California kept a lid on investor optimism as earnings season gets underway. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2%. Japan’s Nikkei retreated from a one-month high touched on Monday, dropping 0.8%. A firm dollar put pressure on the Aussie and kiwi. The moves came after a selloff on Wall Street that followed reopening rollbacks in California, where Governor Gavin Newsom ordered bars closed…

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Asian Market Business 

Asian shares extend rally, U.S. earnings to test optimism

By Administrator_India Capital Sands Asian shares crept toward five-month peaks on Monday as investors wagered the U.S. earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15%, having climbed sharply last week on the back of surging Chinese stocks, which added another 1% on Monday. Japan’s Nikkei gained 1.7% and South Korea 1.2%. E-Mini futures for the S&P 500 rose 0.5% even as some U.S. states reported record new cases of COVID-19, a…

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