U.S. stocks opened mixed Tuesday as investors assessed the timing of the next interest rate hike by the Federal Reserve.
Fed Vice Chairman Stanley Fischer said early Tuesday that it is impossible to say whether the next interest rate hike would be "one and done," according to media reports.
Fischer's comments were in line with remarks he and Fed Chairperson…Read more
US stocks finished higher Monday, with the Dow industrials and the S&P 500 index ending a three-session losing streak as investors calibrated prospects for Federal Reserve rate increases in 2016.
The Dow Jones Industrial Average climbed 107.59 points, or 0.6%, to 18502.99. The S&P 500 rose 11.34 points, or 0.5%, to 2180.38, its biggest gain since August 5.
Japan stocks were lower after the close on Tuesday, as losses in the Food, Gas and Water and Communication sectors led shares lower.
The 225-issue Nikkei Stock Average shed 12.13 points, or 0.07%, from Monday to end the day at 16,725.36.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, edged down 0.43 point,…Read more
Chinese stocks closed higher Tuesday, with the benchmark Shanghai Composite Index up 0.15% to close at 3,074.68 points.
The Shenzhen index closed 0.04% higher at 10,729.12 points. The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, was up 0.11% to close at 2,195.53 points.Read more
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 44 basis points to 6.6812 against the US dollar Tuesday, (Xinhua) news agency reported citing the China Foreign Exchange Trading System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day.
China’s yuan weakened in midday trade on Monday after slipping to near six-week lows in early deals as the dollar held broadly higher after US Federal Reserve Chairperson Janet Yellen’s upbeat comments on the US economy.
Spot yuan opened at an intraday low of 6.6850 per dollar, its weakest level since July 20, but recovered by midday to trade at…Read more
Qatar’s stock market outperformed the Gulf on Monday as large-caps carried the index higher, but other bourses were little changed as a fresh slide in oil prices and a retreat in Asian share markets kept buyers away.
Saudi Arabia’s Tadawul All-Share index ended flat at 6,071 points as petrochemicals and banks were mixed.
Saudi International Petrochemical (Sipchem) jumped 5.5 percent…Read more
Chinese stocks opened higher on Tuesday, with the benchmark Shanghai Composite Index up 0.05 percent to open at 3,071.44 points.
The smaller Shenzhen index opened 0.08 percent higher at 10,732.77 points. The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, rose 0.20 percent to open at 2,197.49 points.
Source : XINHUARead more
The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 14 major currencies announced on Tuesday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 668.12
Euro 100 747.49
Japanese yen 100 6.5557
Hong Kong dollar 100 86.146
British pound 100 875.43
Australian dollar 100 505.97…Read more
Tokyo stocks opened lower on Tuesday as following the market's surge a day earlier as the yen fell following hawkish remarks from the U.S. Federal Reserve, investors opted to secure gains.
As of 9:15 a.m. local time, the 225-issue Nikkei Stock Average lost 40.56 points, or 0.24 percent, from Monday to 16,696.93.
The broader Topix index of all First Section…Read more