TOKYO: Asian stocks edged up on Thursday as global equities found breathing space after their worst quarter in four years, although caution over China Purchasing Managers' Indexes due later in the session limited gains. Stocks in Asia took heart from an overnight rally on Wall Street, where the S&P 500 gained 1.3 per cent and the Dow rose 1 per cent as bargain hunters scooped up beaten-down shares. China's official manufacturing PMI due at 0100 GMT is expected to show factory activity shrank for a second straight month in September.
This post Chart: On the Precipice – Will Global Markets Follow Commodities? appeared first on Daily Reckoning.
From 1970 to 2004, commodities moved the opposite direction of assets like equities and bonds. For example, it was during times such as the 1990s that cheap inputs like oil and metals helped to fuel growth in industries across the globe.
Real estate investment trusts led by Choice Properties REIT are helping initial public offerings outpace Canada’s benchmark index for the first time in four years on speculation dividend payers will hold up better than commodity shares as global economic growth slows.
MUMBAI: Emerging market equities have woken up from a slumber on the back of aggressive foreign fund buying and the worst may be over for battered stocks across the expansive region, analysts say. Countries such as India, Brazil, Taiwan and South Korea have received robust foreign fund flows in the month of March so far. The MSCI Emerging Markets Index has risen 20% from January lows and is trading above its 200-day moving average — a clear sign of bullishness.
ETF Database submits: After a weak session in Monday trading, American equity markets managed to march higher today as investors scooped up shares on solid earnings in the industrial sector and hope for a resolution in the European debt crisis. Both the Dow and Nasdaq rose by 0.3% on the day while the S&P 500 managed to edge higher by 0.4%.