Tokyo (AFP) - Tokyo investors will be cautious next week with a sense of achievement after the benchmark Nikkei index topped the 20,000 level and as the full-fledged corporate earnings season approaches.
Up until the Greek presidential vote made headline news, the biggest event of the day was not the full-blown bubble levitation in the Shanghai Composite which rose another 0.33% to a fresh 4 year high of 3,168 on expectations the recent PBOC targated intervention will transform into a full blown rate cut, but the sudden drop in the USDJPY and its first derivative, the Nikkei stock index, which turned negative on Monday after the health ministry announced a suspected case of the deadly Ebola virus, spooking investors but boosting health-related shares.
Gains in utilities offset a retreat in energy shares on Monday, leaving US stocks slightly higher as investors remained nervous about third-quarter corporate results. The Dow rose for a seventh straight session, led by gains in UnitedHealth Group, which rose 2.7 per cent at $122.51. This week brings results from some top US banks, among other companies, and investors are eyeing a projected 4.8 per cent year-over-year decline in third-quarter S&P 500 earnings, according to Thomson Reuters data. That would be the worst earnings season in six years.
NEW YORK (Reuters) - U.S. stocks rose modestly on Thursday, snapping a five-day losing streak, in the wake of weak data reflecting sluggish economic growth. The advance came on hopes the Chinese government would take steps to bolster the country's slowing growth, and as U.S. jobless claims fell a lot more than expected in the latest week. Cyclical sectors like energy and financials, which are tied to the pace of growth, rallied. Jobless claims dropped by 23,000 to 359,000, significantly more than the 4,000 drop that had been expected. ...