Highlight Investment Research is an independent and privately owned organization, has come a long way and today has emerged as a premium Indian stock & commodities consultancy, with an absolute focus on business and a commitment to provide “Real value for money to all its clients”.
Asian stocks were mixed on Friday, ending the worst week for the region’s shares since March, amid ongoing trade tensions. The yuan extended losses to reach fresh lows, while Japanese yields steadied after a tumultuous week for the bond market.
Shares in Japan, China and Hong Kong were lower, while equities in South Korea and Australia climbed. The S&P 500 rallied as Apple Inc.’s market value reached $1 trillion. The dollar maintained gains and the yield on 10-year Treasuries ticked back below 3%.
The gloom on trade is coming up against a mostly-positive earnings season and an upbeat message on the American economy delivered by the Federal Reserve on Wednesday. Of the almost 400 members of the S&P 500 that have reported earnings this season, about 85% of them beat analysts’ estimates.
Data due Friday will probably show that the U.S. economy added jobs at a healthy clip again in July.
Elsewhere, 10-year JGB yields were steady at 0.115%.Turkey’s lira, bonds and stocks extended their slide after the U.S. imposed sanctions on two government ministers over the detention of an evangelical pastor.
Oil rallied from the lowest level in more than a month amid signs the drain from the biggest U.S. supply hub will continue.
The pound maintained losses after the Bank of England’s hawkish rhetoric failed to convince investors of a brighter economic outlook.
No comments