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London Trading Session Heads Up Thursday, October 12, 2017

London opening news digest

Asian Markets Mostly Up As Investors Mull Latest Fed Minutes

Asian stocks gained as investors wondered how much further US monetary policy might be tightened beyond the expected December interest-rate hike

 

British Pound May Rise as BOE Credit Survey Boosts Rate Hike Bets

The British Pound may rise as quarterly BOE surveys on UK credit conditions and bank liabilities point to easing funding conditions, opening the door for

 

Hungary Aug Industrial Production Growth Unrevised

Hungary’s industrial production growth accelerated markedly as initially estimated in August, latest data from the Hungarian Central Statistical Office showed Thursday.

 

Romania Industrial Production Climbs Sharply In August

Romania’s industrial production expanded notably in August from a year ago, figures from the National Institute of Statistics showed Thursday. Industrial production grew a seasonally and working-day-adjusted 9.

 

European Shares Seen Opening Mixed

European stocks may open on a mixed note on Thursday as oil prices dropped on concerns over rising U.S. inventories and the U.S. dollar extended losses to trade near a two-week low against a basket of currencies on skepticism about inflation.

 

Singapore Retail Sales Fall Less Than Expected In August

Singapore’s retail sales declined at a slower-than-expected pace in August, data from the Department of Statistics showed Thursday. Retail sales dropped a seasonally adjusted 0.

 

European Economics Preview: Eurozone Industrial Output Data Due

Industrial production from euro area and final consumer prices from France are due on Thursday, headlining a light day for the European economic news. At 2.45 am ET, the French statistical office Insee is slated to issue final consumer prices for September.

 

Dutch Export Growth Accelerates Slightly In August

Dutch export growth improved marginally in August after easing sharply in the previous month, figures from the Central Bureau of Statistics showed Thursday. The volume of exports climbed 7.

 

Malaysia Industrial Production Growth Improves Unexpectedly

Malaysia’s industrial production growth accelerated unexpectedly in August, data from the Department of Statistics showed Thursday. Industrial production advanced 6.

 

Sensex Rises 74 Points; Nifty Above 10,000

Indian shares opened modestly higher on Thursday after the Union Cabinet approved revision of pay scales for 7.51 lakh teachers in universities and the economic advisory council, formed by Prime Minister Narendra Modi last month, put to rest talks of fiscal stimulus to boost growth.

 

New Zealand House Prices Rise, Sales Plummet In September: REINZ

New Zealand’s house prices increased in September from a year ago, while the volume of sales plunged, the Real Estate Institute of New Zealand reported Thursday.

 




Asian Markets Rise After Fed Minutes

Asian stock markets are mostly higher on Thursday following the record closing highs on Wall Street after the release of minutes of the U.S. Federal Reserve’s monetary policy meeting.

 

Sensex, Nifty Seen Higher As Q2 Earnings Season Gets Underway

Indian shares may open a tad higher on Thursday after the Union Cabinet approved revision of pay scales for 7.51 lakh teachers in universities under the recommendations of Seventh Central Pay Commission and the economic advisory council, formed by Prime Minister Narendra Modi last month, identified 10 priority areas for growth in the next six months.

 

Thai Bourse May Extend Winning Streak

The Thai stock market has ticked higher in two straight sessions, collecting more than 20 points or 1.2 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,715-point plateau, and it’s looking at another green light on Thursday.

 

Japanese Market Extends Gains

The Japanese stock market is advancing on Thursday, extending gains from the previous session, as the record closing highs overnight on Wall Street and a weaker yen lifted investor sentiment.

 

Indonesia Market May Halt Losing Streak

The Indonesia stock market has finished lower in consecutive trading days, retreating more than 25 points or 0.4 percent along the way. The Jakarta Composite Index now rests just above the 5,880-point plateau although it may find support on Thursday.

 

Australian Market Edges Higher In Choppy Trade

The Australian stock market is edging higher in choppy trade on Thursday despite the record closing highs overnight on Wall Street. Weakness in mining stocks more than offset gains by banks and oil stocks.

 

Renewed Support Tipped For Hong Kong Shares

The Hong Kong stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged more than 1,025 points.

 

Continued Support Called For China Stock Market

The China stock market has finished higher in four straight sessions, gathering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now rests just beneath the 3,390-point plateau and it may extend its gains on Thursday.

 

COLOMBIA: Colcap Falls 0.16% After Lower IMF Projection For Country’s GDP

Colcap, the main index of the Colombian Stock Exchange, fell 0.16% Wednesday, closing at 1,483.70 points due to the low performance of Bancolombia and the lower projections for the country’s Gross Domestic Product (GDP) growth for this year and the next by the International Monetary Fund (IMF).

 

Australia Home Loans Rise 1.0% In August

The total number of home loans in Australia was up a seasonally adjusted 1.0 percent on month in August, the Australian Bureau of Statistics said on Thursday – coming in at 57,161.

 

Taiwan Bourse Poised For Another Firm Open

The winning streak has hit seven sessions now for the Taiwan stock market, which has surged almost 400 points or 3.9 percent along the way. The Taiwan Stock Exchange now rests just above the 10,640-point plateau and it draws another positive lead for Thursday.

 

Japan Overall Bank Lending Gains 3.0% In September

Overall bank lending in Japan was up 3.0 percent on year in September, the Bank of Japan said on Thursday – coming in at 516.810 trillion yen. That was shy of expectations for an increase of 3.

 




New Zealand Consumer Confidence Slows In October – ANZ

Consumer confidence in New Zealand ebbed in October, the latest survey from ANZ Bank showed on Thursday – sliding 2.8 percent to a score of 126.3. That follows the 2.

 

Japan Producer Prices Gain 0.2% In September

Producer prices in Japan were up 0.2 percent on month in September, the Bank of Japan said on Thursday. That was in line with expectations following the flat reading in August.

 

Singapore Shares May Find Traction On Thursday

The Singapore stock market has finished lower in consecutive trading days, falling almost a dozen points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,280-point plateau although it may stop the bleeding on Thursday.

 

ARGENTINA: Merval Falls On Profit Taking After Bullish Strike

Merval, the main index of the Buenos Aires Stock Exchange, reversed its early gains Wednesday to close down (-0.60%) at 26,933.46 points in a profit-taking movement triggered by a recent bullish strike that led the index do record levels.

 

Malaysia Stock Market May Halt Losing Streak

The Malaysia stock market has fallen lower in back-to-back sessions, dipping almost 7 points or 0.4 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,755-point plateau although it may find traction on Thursday.

 

COLOMBIA: This Is A Serious And Responsible Country To Invest, Santos Says

Colombia’s President Juan Manuel Santos praised the investment environment in his country and said that the South American nation is serious, responsible in economic matters, and respectful of the rule of law.

 

UK House Price Balance Climbs 6.0% In September – RICS

House prices in the United Kingdom moved higher again in September, the latest survey from the Royal Institution of Chartered Surveyors showed on Thursday with a house price balance of 6.

 

Overbought KOSPI Nonetheless Called Higher

The South Korea stock market has climbed higher in four consecutive trading days, advancing almost 90 points or 3.6 percent to a record closing high. The KOSPI now rests just beneath the 2,460-point plateau, and it draws another positive lead for Thursday.

 

New Zealand Food Prices Fall 0.2% In September

Food prices in New Zealand slipped an unadjusted 0.2 percent on month in September, Statistics New Zealand said on Thursday. That followed the 0.6 percent increase in August.

 

BRAZIL: Ibovespa Falls On Profit-taking And Political Power Struggle

Ibovespa, the benchmark stock index in Brazil, fell 0.31% Wednesday, closing at 76,659.79 points amid a profit-making movement after rising by more than 1% to a new closing record a day earlier.

 

New Zealand Food Prices Slip 0.2% In September

Food prices in New Zealand were down an unadjusted 0.2 percent on month in September, Statistics New Zealand said on Thursday. That followed the 0.6 percent increase in August.

 

Japan Data Due On Thursday

Japan will release a batch of data on Thursday, headlining a modest day for Asia-Pacific economic activity. On tap are September figures for producer prices and bank lending, plus August results for its tertiary industry index.

 

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