3 August, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: Chinese markets rise as Beijing clamps down on short selling
Asia Markets: Chinese markets rise as Beijing clamps down on short selling
Shares in Shanghai gain after Chinese regulators roll out new rescue measures aimed at stemming the 30% decline in equities since mid-June.
read more
3 August, 2015 by The TZ Newswire Staff Comments Off on European equity markets open lower 4 August
European equity markets open lower 4 August
Softer opening for European equities
– FTSE -0.1%
– DAX -0.3%
– CAC40 -0.3%
– FTMIB -0.2%
– IBEX -0.3%
China’s CS1300 Index closes up 3.1% Shanghai Comp Index +3.7%
3 August, 2015 by The TZ Newswire Staff Comments Off on Spanish unemployment change July -74k vs -45.6k exp
Spanish unemployment change July -74k vs -45.6k exp
Latest Spanish jobs data now out
– -94.7 prev
– -1.8% mm
– total jobless 4.05mln
3 August, 2015 by The TZ Newswire Staff Comments Off on Asian shares shake off losses, oil firms
Asian shares shake off losses, oil firms
Asian shares cautiously nudged into positive territory on Tuesday after downbeat economic data pressured Wall Street ahead of a key U.S. jobs report that could provide important clues to the timing of the Federal Reserve’s interest rate increase. Crude oil prices firmed after plunging overnight, with U.S. crude (CLc1) adding about 0.7 percent to $45.49 a barrel. MSCI’s broadest index of Asia-Pacific shares outside Japan was slightly higher, while Japan’s Nikkei stock index (.N225) slipped 0.2 percent, after breaking a three-day winning streak in the previous session.
3 August, 2015 by The TZ Newswire Staff Comments Off on U.S. factory activity dips; consumer spending cools
U.S. factory activity dips; consumer spending cools
U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating the economy lost some momentum recently. “We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September,” said Millan Mulraine, deputy chief economist at TD Securities in New York.
3 August, 2015 by The TZ Newswire Staff Comments Off on China stock exchanges step up crackdown on short-selling
China stock exchanges step up crackdown on short-selling
SHANGHAI/HONG KONG (Reuters) – China stepped up its crackdown on short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation’s major brokerages suspended their short-selling businesses. China’s stock exchanges and market watchdogs are cracking down on short-selling as part of a broad government-orchestrated effort to prevent a collapse in the country’s markets, which have lost about 30 percent of their value since peaking in June.
3 August, 2015 by The TZ Newswire Staff Comments Off on Oil prices edge up after 5 percent fall, but outlook weak
Oil prices edge up after 5 percent fall, but outlook weak
Oil prices edged up in early Asian trading on Tuesday following a sharp 5 percent drop in the previous session, as high global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls. Oil output by the Organization of the Petroleum Exporting Countries (OPEC) reached the highest monthly level in recent history in July, and production could rise further if Iran achieves a plan to raise output by 500,000 barrels per day (bpd) as soon as sanctions are lifted.