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The New York Stock Exchange was closed Monday February 19 for Presidents’ Day / Washington's Birthday
[URL unfurl="true"]https://uk.finance.yahoo.com/news/asia-stocks-mixed-china-enjoys-033621560.html[/URL]
Stock markets diverge before more key earnings
AFP

Tue, 20 February 2024 at 3:54 am GMT+11

Major stock markets diverged Monday as traders awaited more earnings this week from heavyweight companies, including HSBC bank, chip giant Nvidia and retail giant Walmart.

US markets were closed Monday for Presidents' Day, depriving other markets of direction.

Focus this week will also be on what clues markets can glean from minutes of recent policy meetings of the US Federal Reserve and European Central Bank about the pair might start cutting interest rates as inflation cools.

On Monday, mainland Chinese stocks were buoyant after Lunar New Year, leading gains in most other Asian markets, as figures showed holiday spending surged past pre-pandemic levels.

Hong Kong closed down 1.1 percent, breaking a three-day rally, with analysts saying investors felt uneasy after a decision by China's central bank to leave a key policy rate unchanged, seen as an attempt to bolster the yuan.

Tokyo's key Nikkei index ended flat.

In Europe, Frankfurt dipped and Paris ended flat. London edged higher, managing to avoid an overall loss as shares in AstraZeneca rallied after the drugs giant had a lung cancer treatment approved in the United States.

"The US markets will be closed on Monday...but China is back after a week-long holiday, and we will have earnings from Nvidia in mid-week," noted Fawad Razaqzada, market analyst at City Index trading group.

"Investors have continually ignored the Fed’s consistent pushback against expectations of an early rate cut. Instead, they have chosen to concentrate on mostly stronger earnings and the AI optimism, taking advantage of the bullish momentum to drive stocks higher."

Razaqzada cautioned that "a correction of some sort, should not come as major surprise in the tech sector".

A larger-than-expected rise in US wholesale prices, according to data on Friday, dealt a blow to hopes of an early interest-rate cut by the Fed.

Elsewhere Monday, oil prices rose as tensions in the crude-rich Middle East ratcheted higher with a US-owned cargo ship coming under attack twice off southern Yemen.

- Key figures around 1630 GMT -

London - FTSE 100: UP 0.2 percent at 7,728.50 points (close)

Paris - CAC 40: FLAT at 7,768.55 (close)

Frankfurt - DAX: DOWN 0.2 percent at 17,092.26 (close)

EURO STOXX 50: DOWN less than 0.1 percent at 4,763.07 (close)

Tokyo - Nikkei 225: FLAT at 38,470.38 (close)

Hong Kong - Hang Seng Index: DOWN 1.1 percent at 16,155.61 (close)

Shanghai - Composite: UP 1.6 percent at 2,910.54 (close)

ASX 200 expected to edge higher
The Australian share market is expected to edge higher on Tuesday despite a mixed start to the week on global markets.

According to the latest SPI futures, the ASX 200 is poised to open the day 2 point higher.

Wall Street was closed but the FTSE rose 0.2% and the DAX was down 0.15%.

[ATTACH=full]171219[/ATTACH]

The New York Stock Exchange was closed Monday February 19

[ATTACH=full]171220[/ATTACH]

Rest of World Trading

[ATTACH=full]171221[/ATTACH]

<blockquote data-quote="bigdog" data-source="post: 1266381" data-attributes="member: 4374">The New York Stock Exchange was closed Monday February 19 for Presidents’ Day / Washington&#039;s Birthday[URL unfurl=&quot;true&quot;]https://uk.finance.yahoo.com/news/asia-stocks-mixed-china-enjoys-033621560.html[/URL]<h3>Stock markets diverge before more key earnings</h3>AFPTue, 20 February 2024 at 3:54 am GMT+11Major stock markets diverged Monday as traders awaited more earnings this week from heavyweight companies, including HSBC bank, chip giant Nvidia and retail giant Walmart.US markets were closed Monday for Presidents&#039; Day, depriving other markets of direction.Focus this week will also be on what clues markets can glean from minutes of recent policy meetings of the US Federal Reserve and European Central Bank about the pair might start cutting interest rates as inflation cools.On Monday, mainland Chinese stocks were buoyant after Lunar New Year, leading gains in most other Asian markets, as figures showed holiday spending surged past pre-pandemic levels.Hong Kong closed down 1.1 percent, breaking a three-day rally, with analysts saying investors felt uneasy after a decision by China&#039;s central bank to leave a key policy rate unchanged, seen as an attempt to bolster the yuan.Tokyo&#039;s key Nikkei index ended flat.In Europe, Frankfurt dipped and Paris ended flat. London edged higher, managing to avoid an overall loss as shares in AstraZeneca rallied after the drugs giant had a lung cancer treatment approved in the United States.&quot;The US markets will be closed on Monday...but China is back after a week-long holiday, and we will have earnings from Nvidia in mid-week,&quot; noted Fawad Razaqzada, market analyst at City Index trading group.&quot;Investors have continually ignored the Fed’s consistent pushback against expectations of an early rate cut. Instead, they have chosen to concentrate on mostly stronger earnings and the AI optimism, taking advantage of the bullish momentum to drive stocks higher.&quot;Razaqzada cautioned that &quot;a correction of some sort, should not come as major surprise in the tech sector&quot;.A larger-than-expected rise in US wholesale prices, according to data on Friday, dealt a blow to hopes of an early interest-rate cut by the Fed.Elsewhere Monday, oil prices rose as tensions in the crude-rich Middle East ratcheted higher with a US-owned cargo ship coming under attack twice off southern Yemen.- Key figures around 1630 GMT -London - FTSE 100: UP 0.2 percent at 7,728.50 points (close)Paris - CAC 40: FLAT at 7,768.55 (close)Frankfurt - DAX: DOWN 0.2 percent at 17,092.26 (close)EURO STOXX 50: DOWN less than 0.1 percent at 4,763.07 (close)Tokyo - Nikkei 225: FLAT at 38,470.38 (close)Hong Kong - Hang Seng Index: DOWN 1.1 percent at 16,155.61 (close)Shanghai - Composite: UP 1.6 percent at 2,910.54 (close)<h2>ASX 200 expected to edge higher</h2>The Australian share market is expected to edge higher on Tuesday despite a mixed start to the week on global markets. According to the latest SPI futures, the ASX 200 is poised to open the day 2 point higher. Wall Street was closed but the FTSE rose 0.2% and the DAX was down 0.15%.[ATTACH=full]171219[/ATTACH]The New York Stock Exchange was closed Monday February 19[ATTACH=full]171220[/ATTACH]Rest of World Trading[ATTACH=full]171221[/ATTACH]</blockquote>

[QUOTE="bigdog, post: 1266381, member: 4374"] [B]The New York Stock Exchange was closed Monday February 19 for Presidents’ Day / Washington's Birthday[/B] [URL unfurl="true"]https://uk.finance.yahoo.com/news/asia-stocks-mixed-china-enjoys-033621560.html[/URL] [HEADING=2]Stock markets diverge before more key earnings[/HEADING] AFP Tue, 20 February 2024 at 3:54 am GMT+11 Major stock markets diverged Monday as traders awaited more earnings this week from heavyweight companies, including HSBC bank, chip giant Nvidia and retail giant Walmart. US markets were closed Monday for Presidents' Day, depriving other markets of direction. Focus this week will also be on what clues markets can glean from minutes of recent policy meetings of the US Federal Reserve and European Central Bank about the pair might start cutting interest rates as inflation cools. On Monday, mainland Chinese stocks were buoyant after Lunar New Year, leading gains in most other Asian markets, as figures showed holiday spending surged past pre-pandemic levels. Hong Kong closed down 1.1 percent, breaking a three-day rally, with analysts saying investors felt uneasy after a decision by China's central bank to leave a key policy rate unchanged, seen as an attempt to bolster the yuan. Tokyo's key Nikkei index ended flat. In Europe, Frankfurt dipped and Paris ended flat. London edged higher, managing to avoid an overall loss as shares in AstraZeneca rallied after the drugs giant had a lung cancer treatment approved in the United States. "The US markets will be closed on Monday...but China is back after a week-long holiday, and we will have earnings from Nvidia in mid-week," noted Fawad Razaqzada, market analyst at City Index trading group. "Investors have continually ignored the Fed’s consistent pushback against expectations of an early rate cut. Instead, they have chosen to concentrate on mostly stronger earnings and the AI optimism, taking advantage of the bullish momentum to drive stocks higher." Razaqzada cautioned that "a correction of some sort, should not come as major surprise in the tech sector". A larger-than-expected rise in US wholesale prices, according to data on Friday, dealt a blow to hopes of an early interest-rate cut by the Fed. Elsewhere Monday, oil prices rose as tensions in the crude-rich Middle East ratcheted higher with a US-owned cargo ship coming under attack twice off southern Yemen. - Key figures around 1630 GMT - London - FTSE 100: UP 0.2 percent at 7,728.50 points (close) Paris - CAC 40: FLAT at 7,768.55 (close) Frankfurt - DAX: DOWN 0.2 percent at 17,092.26 (close) EURO STOXX 50: DOWN less than 0.1 percent at 4,763.07 (close) Tokyo - Nikkei 225: FLAT at 38,470.38 (close) Hong Kong - Hang Seng Index: DOWN 1.1 percent at 16,155.61 (close) Shanghai - Composite: UP 1.6 percent at 2,910.54 (close) [HEADING=1][SIZE=5]ASX 200 expected to edge higher[/SIZE][/HEADING] The Australian share market is expected to edge higher on Tuesday despite a mixed start to the week on global markets. [B]According to the latest SPI futures, the ASX 200 is poised to open the day 2 point higher. [/B] Wall Street was closed but the FTSE rose 0.2% and the DAX was down 0.15%. [ATTACH type="full"]171219[/ATTACH] [B]The New York Stock Exchange was closed Monday February 19 [ATTACH type="full"]171220[/ATTACH] Rest of World Trading [ATTACH type="full"]171221[/ATTACH][/B] [/QUOTE]

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