U.S. stocks opened higher on Friday, pushing key equity benchmarks closer to all-time highs, as investors keyed into encouraging signs on U.S.-China trade talks. The S&P 500 was up 0.2% to trade at 3,012. The Dow Jones Industrial Average advanced 59 points, or 0.2%, to 27,152. The Nasdaq Composite rose 0.1% to 8,192. The Dow and the S&P 500 are both within a percentage point of their all-time closing highs. News reports said President Donald Trump was exempting hundreds of Chinese...
* Latest easing comes as China's economic slowdown deepens. * More intensive stimulus may needed - analysts. * New 1-year benchmark rate cut to 4.20% from 4.25% * China is 'experimenting' with new rate system - fund manager. * High debt levels, property bubble fears seen limiting policy room.
* Share prices near this year's peak in many markets. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Sterling rises after Juncker's comments on Brexit. * China cuts new 1-year lending benchmark rate by 5 bps. * European stocks seen down slightly. By Hideyuki Sano.
* Share prices near this year's peak in many markets. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Sterling rises after Juncker's comments on Brexit. * China cuts new 1-year lending benchmark rate by 5 bps. By Hideyuki Sano.
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl. * Premium for cash over 3-month nickel flares out. By Pratima Desai. Copper prices eased on Thursday as the market focused on weak demand in top consumer China and a meeting in Washington between Chinese and U.S. officials aimed at resolving a prolonged trade dispute.
BEIJING--Expectations for the yuan exchange rate remained largely steady despite increased market volatility, the country's foreign exchange regulator said Thursday. Market participants have been acting in a "rational and orderly" manner, although volatility has risen notably in since August, the State Administration of Foreign Exchange said in a statement on its website. The country's commercial banks sold a net $5.4 billion of foreign exchange last month, down from $6.1...
BEIJING--China's central bank said its foreign exchange sales rose to a nine-month high in August amid a sharp drop in the yuan against the U.S. dollar. The central bank sold a net 8.37 billion yuan in foreign exchange last month, compared with net sales of CNY708 million in July, according to data released by the People's Bank of China Thursday. China let the currency break through the psychologically important level of CNY7 to the dollar in early-August to help alleviate the...
The global economy is set to grow at the slowest pace since the financial crisis, with business investment and trade hampered by an escalating dispute between the U.S. and China that could inflict even more damage over coming years, the Organization for Economic Cooperation and Development said Thursday. The Paris-based research body said it now expects world output of goods and services to increase by 2.9% this year, the smallest annual rise since 2009 when the global economy...
* Fed cuts rates, but Powell's tone disappoints doves. * Beijing expected to lower key domestic lending rate. * South African Reserve Bank seen keeping repo rate unchanged. By Agamoni Ghosh.
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