Hope for new U.S.-China trade talks boosts stocks in Japan, Hong Kong, Korea
Asian markets rose in early trading Friday although trade tensions between the U.S. and China lingered. While China said it welcomed an invitation for new trade talks with the U.S., an editorial in a state-run newspaper Friday warned that China would not cave to pressure.
The neighbors to the north don’t just have maple syrup, hockey gold medals and free healthcare to boast about. Stocks are showing promise after cratering oil prices previously put a dent in overall growth.
Now, signs point to Canadian equities being poised to turn a corner and comparatively rival the American market.
Summary
Market Intro
Tech stocks (XLK) are leading today’s charge higher for US equities (SPY, DIA, IWM); The tech-heavy NASDAQ (QQQ) is unsurprisingly outperforming the other averages.
Investors remained bearish on gold exchange-traded funds (ETFs) as they pulled out Rs 45 crore from the instrument in August, taking the total outflow in the first five month of 2018-19 financial year to Rs 241 crore. The net outflow meant assets under management of gold funds fell 7.5 per cent in the first five months of 2018-19 to Rs 4,445 crore in August-end, according to latest data available with Association of Mutual Funds in India (Amfi).
Amid trade tensions, don’t jump ship on U.S. equities yet, U.S. Bank’s Lisa Erickson told CNBC on Thursday.
The rival Koreas have opened their first liaison office near their tense border to facilitate better communication and exchanges.
SEOUL, South Korea — The rival Koreas on Friday launched their first liaison office near their tense border to facilitate better communication and exchanges ahead of their leaders’ summit in Pyongyang next week.
MIGRANTS are targeting a small French fishing village in a desperate bid to sneak into Britain. Young men, mainly of African origin, are arriving in Ouistreham and chasing lorries heading for the ferry port to bypass border controls.
In a recent interview with BoxMining, a well-known cryptocurrency commentator and social media influencer, decentralist and cryptocurrency proponent John McAfee highlighted his opinion on current state of this nascent market and what lies in store crypto assets and blockchain over the mid to long-term.
At least one person has been killed and others injured after a series of suspected gas explosions rocked towns north of Boston in Massachusetts on Thursday evening.
Local police reported “fires and explosions” at dozens of properties.
The luxury goods maker Chanel has told the BBC it’s elected to set up its global office in the UK.
For the first time in its 110-year history, the brand is gathering the majority of its global business functions under one roof.
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