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Asian shares rebound after sell-off, U.S. earnings support

Asian stocks and commodities recovered on Wednesday as a sharp sell-off in the past two trading days to lure bargain hunters, positive U.S. corporate earnings and data to support the case, the ongoing U.S. monetary stimulus, driven by emotions.
Morgan Stanley Capital International index is the most widely used in the Asia-Pacific shares outside Japan. MIAPJ0000PUS rose 0.3 percent and fell as much as 1% to close to its 2013 low.
Australian shares. AXJO rose 0.1%, South Korea's stock market opened higher by 0.7%.
Japan's Nikkei stock average N225 opened up 0.8% rebound in the yen on Tuesday, fell as much as 2%, the emotional toll. , T
"To see a pull-back, there is the opportunity to bargain hunting," said Miura Yu, senior technical analyst at Mizuho Securities, shares of Japan.
European stocks ended lower on Tuesday, heightened concerns about the weak ZEW German consumer confidence index and the European corporate earnings prospects. U.S. stocks rose more than 1%, some of the largest U.S. companies, such as Coca-Cola (KO.N) and Johnson & Johnson (JNJ.N) strong earnings.
U.S. consumer prices fell in March for the first time in four months, the decline in factory output, strengthen the view that the Fed will maintain its ultra-loose monetary policy stance to support economic growth.
Vassili Serebriakov, strategist at BNP Paribas (BNP Paribas), said: "We still believe that the recent fluctuations in commodity prices, mainly due to long-term positions, while the bottom of the background is still active risk, due to the expanding global monetary easing policy. "
Spot gold was down 0.1%, at $ 1,366.31 an ounce on Wednesday morning and after sliding as much as 2.3%, to $ 1,321.35, its lowest level in more than two years. Spot silver was steady at $ 23.36 an ounce, down 2.4 percentage points the previous day to $ 22.04.
U.S. crude oil futures edged up 0.2% to $ 88.92 a barrel on Tuesday hit a four-month low of $ 86.06. Last Tuesday, the first time in nine months, Brent crude oil futures fell below $ 100.
Extensive sell-off triggered by the global economic growth prospects this week after disappointing economic reports in China and the United States cast a shadow over concerns.
The International Monetary Fund (IMF) on Tuesday trim global economic growth forecast this year and next year to take into account government spending cuts hit the recession in the United States and Europe struggle.
The dollar rose 0.1 percent to 97.62 yen on Tuesday after hitting a low of 95.67 yen, the euro fell against the dollar by 0.1%, but much higher than Tuesday's low of 125 yen 128.61 yen.
Growth compared to the previous panic, monetary policy sweet spot - high-quality, high dividend yield, low volatility - stocks were also supported the broader market, Barclays Capital (Barclays Capital) said in a research report: ". "If the market can still hold up in the face of a soft global economic growth prospects."
 



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