Chinese, US data cheer Asian markets

Chinese, US data cheer Asian markets

Asian shares have risen after data showed China’s manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis. MSCI’s broadest index of...
Chinese, US data cheer Asian markets

Stocks slip as markets await US response

Asia’s stock markets have pulled back and major currencies have been held in check as investors await the US response to China tightening control over the city of Hong Kong. China’s parliament on Thursday pressed ahead with national security legislation...
Chinese, US data cheer Asian markets

Copper dips as recession fear hits markets

Copper has fallen as moves by China’s central bank to bolster the economy were overshadowed by predictions of a deep global recession, which drove down stock markets and oil prices. Copper, used in power and construction, has tumbled from above $US6,300 a tonne...
Chinese, US data cheer Asian markets

Gold steady as markets await Fed minutes

Gold prices held steady as investors awaited the release of minutes from the US Federal Reserve’s policy meeting, which is expected to provide further clues on stimulus measures amid rapid surge in coronavirus cases. Spot gold were little changed at $US1,648.43...
Chinese, US data cheer Asian markets

Asian share markets make cautious gains

Asian share markets have managed a tentative rally after European and US equities stabilised, though buying for month and quarter-end book balancing likely flattered the gains. There were also hopes a survey of Chinese manufacturing due later would show a sizable...