- Analytics

    291.75 5.75/10
    80% of positive reviews

    MORNING BELL: China data ahead, ECB to enhance stimulus?

    Shares in Asia were little changed near two-month highs in early Monday trade. Investors are looking to a range of economic data from China for clues to exactly how far China's growth has cooled down.

    MSCI's broadest index of Asia-Pacific shares outside Japan was little changed but stayed near its two-month high hit on Friday. The index has recovered 8.8 percent from a two-year low hit on Sept 29, coming close to a 50 percent retracement of its decline from a record high reached in April. Japan's Nikkei slipped 0.2 percent. 

    The CBOE volatility index, often seen as a gauge of investors' fears in Wall Street shares, fell to a two-month low of 15.05 percent.

    In the currency market, the dollar held firm against a basket of six other major currencies, following U.S. industrial production data, and as the euro and the yen were capped by speculation of more money printing. The dollar's index stood at 94.607, on track to extend its rebound from its seven-week low of 93.806 hit on Thursday. The euro stood at $1.1367, little changed so far this week, but off Thursday's high of $1.1495. The yen traded at 119.27 yen to the dollar, off its seven-week peak of 118.065.

    Oil prices edged up in early trade on Monday, extending a rebound on Friday after almost a week of decline. Brent futures were $50.59 per barrel, up 0.3 percent from late U.S. levels last week.







    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree