Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
07:24
Trading in the Asian stock exchanges is going on this morning with price increases. The Nikkei index in Japan jumps by 1.6%, the Hang Seng index in Hong Kong increases by 0.6% and the Shanghai index in China advances close to 0.2%.
The stock market in Australia rises by about 0.4% and the Kospi index in South Korea adds 0.15% to its value.
The Caixin Purchasing Managers’ Index in China’s services sector rose to 55 in February – significantly higher than the 52.9 level recorded in January. The index indicates growth in the service sector in China and its rise was supported by the growth of new businesses in China starting in April 2021, when the country’s government began to ease the restrictions of the Corona virus.
Also in Japan, the Purchasing Managers’ Index for the services sector rose to 54 in February, above the forecasts of 53.6. Also in Japan, the consumer price index in Tokyo rose 3.3% in February. The new core index data indicate a cooling in the rate of inflation in the capital city, after a 4.4% increase was recorded in January.
Last night, on Wall Street, trading closed with price increases. Dow Jones gained 1%, Nasdaq and S&P 500 added about 0.7%.