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London Trading Session Heads Up Friday, October 13, 2017

London opening news digest

Asian Stocks Head Up Again, US Inflation Data Come Into Focus

Asia Pacific markets generally held on to the week’s feelgood factor despite the lack of a new Wall St. record close to lead them as

 

US Dollar Looks to Inflation Data to Revive Its Fortunes

The US Dollar may rise as September’s CPI figures put headline inflation at a six-month high, offering fresh fuel to recently stagnant Fed interest rate

 

China Exports Rise Less Than Expected In September

China’s exports grew at a slower-than-expected pace in September, data from the General Administration of Customs showed Friday. In dollar terms, exports climbed 8.

 

Asian Markets Modestly Higher Ahead Of China Trade Data

Asian stock markets are mostly higher on Friday, though gains are modest as investors await the release of China’s trade data for the month of September later in the day.

 

Sensex, Nifty Seen Slightly Lower At Open

Indian shares may open slightly lower on Friday following the weak cues overnight from Wall Street and the subdued trading in Asian markets as investors await the release of China’s trade data for the month of September later today.

 

Thai Stock Market May Extend Thursday’s Losses

The Thai stock market on Thursday snapped the two-day winning streak in which it had gathered more than 20 points or 1.2 percent. The Stock Exchange of Thailand remains just beneath the 1,715-point plateau, and it may take further damage on Friday.

 

Indonesia Shares May Open Under Pressure On Friday

The Indonesia stock market on Thursday snapped the two-day slide in which it had surrendered more than 25 points or 0.4 percent. The Jakarta Composite Index now rests just above the 5,925-point plateau although it’s expected to turn lower again on Friday.

 

Japanese Market Advances In Choppy Trade

The Japanese stock market is advancing in choppy trade on Friday, extending gains from the previous session despite the negative lead from Wall Street and a stronger yen.

 

Hong Kong Bourse May Turn Lower Again On Friday

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day winning streak in which it had surged more than 1,025 points.

 

Australian Market Rises

The Australian stock market is rising on Friday despite the weak cues overnight from Wall Street and lower crude oil prices. Slight gains by mining stocks and banks helped offset weakness in energy stocks.

 

China Stock Market May Take Further Damage On Friday

The China stock market on Thursday wrote a finish to the four-day winning streak in which it had advanced almost 50 points or 1.5. The Shanghai Composite Index now rests just above the 3,385-point plateau and the losses may accelerate on Friday.

 




Singapore GDP Climbs 6.3% On Quarter In Q3

Singapore’s gross domestic product expanded a seasonally adjusted 6.3 percent on quarter in the third quarter of 2017, the Ministry of Trade and Industry said in Friday’s advance estimate.

 

Win Streak Likely To End On Friday For Taiwan Stocks

The Taiwan stock market has climbed higher now in eight straight trading days, gathering almost 470 points or 4.5 percent along the way. The Taiwan Stock Exchange now rests just above the 10,710-point plateau although it figures to run out of steam on Friday.

 

Singapore GDP Surges 6.3% On Quarter In Q3

Singapore’s gross domestic product climbed a seasonally adjusted 6.3 percent on quarter in the third quarter of 2017, the Ministry of Trade and Industry said in Friday’s advance estimate.

 

Japan M2 Money Stock Rises 4.1% On Year In September

The M2 money stock in Japan was up 4.1 percent on year in September, the Bank of Japan said on Friday – coming in at 979.3 trillion yen. That beat forecasts for an increase of 4.

 

Renewed Consolidation Tipped For Singapore Shares

The Singapore stock market on Thursday ended the two-day slide in which it had fallen almost a dozen points or 0.3 percent. The Straits Times Index now rests just above the 3,300-point plateau although it figures to head south again on Friday.

 

Losing Streak May Continue For Malaysia Stock Market

The Malaysia stock market has finished lower in three straight trading days, dipping more than 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,755-point plateau and it may extend its losses on Friday.

 

Profit Taking Likely For South Korea Shares

The winning streak has hit five sessions now for the South Korea stock market, which has advanced more than 105 points or 4.2 percent to a fresh record closing high.

 

New Zealand Manufacturing Sector Slows In September – Business NZ

The manufacturing sector in New Zealand continued to expand in September, albeit at a slower pace, the latest survey from Business NZ showed on Friday with a manufacturing PMI score of 57.

 

Singapore GDP On Tap For Friday

Singapore will release an advance estimate for Q3 GDP on Friday, headlining a modest day for Asia-Pacific economic activity. GDP is expected to have risen 3.7 percent on quarter and 3.

 

Major Averages Pull Back Off Record Closing Highs – U.S. Commentary

Extending the lackluster performance seen over the past few sessions, stocks showed a lack of direction during trading on Thursday. The major averages spent much of the day bouncing back and forth across the unchanged line before closing modestly lower.

 

Cheer Up

Adage:

If I could trade ’24/7′ I would, just to see if tech support is really there all the time.

Cartoon:


Image courtesy: 0.media.collegehumor.cvcdn.com

Have a nice trading!




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