TOKYO, Dec 9- Japan's Nikkei stock average climbed as much as 2 percent on Monday morning, buoyed by a slide in the yen after an upbeat U.S. jobs report raised expectations the Federal Reserve will soon begin unwinding its stimulus.» Read More
A Chinese scientific research center has built the fastest supercomputer ever made, replacing the United States as maker of the swiftest machine, and giving China bragging rights as a technology superpower. The New York Times reports.
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Like many members of Japan’s middle class, Masato Y. enjoyed a level of affluence two decades ago that was the envy of the world. Masato, a small-business owner, bought a $500,000 condominium, vacationed in Hawaii and drove a late-model Mercedes.
The Nikkei 225 is currently showing the "death cross" pattern, which is a bearish signal for the Japanese index, Joel Stainton, technical analyst at SEB Future Sales, told CNBC Friday.
Japanese economic officials have long been accused of moving too slowly and timidly in reponse to a decade-long deflation, and they now seem to have few good options, whatever their will for pursuing them. The NYT reports.
China is planning to tighten its control over its rare earth minerals by allowing just a handful of state companies to oversee the mining of the scarce elements, which are vital to some of the world’s greenest technologies. The NYT reports.
Deutsche Securities said on Tuesday that it had placed an erroneous order in Nikkei stock futures shortly and Nikkei 225 mini futures after the opening due to a systems problem within the company.
As the United States and Europe increasingly exhibit risks typically associated with emerging markets, consider investing in China, India and Brazil, said Richard Kang, chief investment officer at Emerging Global Advisors told CNBC on Wednesday.
The dollar will continue its decline at a “gentle rate,” the Nikkei 225 should be avoided, and the food sector is well-placed to join the mining industry and move the markets, Robin Griffiths from Cazenove Capital told CNBC Monday.
The Nikkei 225 is currently the weakest of the major stock indexes and could fall toward its March lows of around 7,000 points next month, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC.
The rising trend in Tokyo and Chinese stocks has broken and selling pressure is ahead for the two Asian indexes, Royce Tostrams, technical analyst at Tostrams Groep said Friday. And weakness in Asian markets could affect global stock markets, he warned.
Asian stocks ended slightly higher on Tuesday but investors stayed cautious after economic data from China showed a weaker-than-expected increase in July industrial output. This also followed a lower end in the U.S. as investors took a breather after a four-week rally.
Asian markets marched higher on Monday after the latest U.S. employment numbers showed signs of a stabilizing job market, raising hopes that the United States can lead the world out of a recession.
Asian stocks dipped Friday as investors grew cautious before a key U.S. jobs report, while the Australian dollar got only a brief lift despite signals from the central bank that interest rates could rise over time.
Stocks in Shanghai dropped as much as 3% Thursday, weighed by speculation China may take more steps to rein in liquidity, slashing the Australian dollar's gains, while copper slid from 10-month highs after disappointing U.S. services data.
Asian markets took a tumble late in the session Wednesday, as selling accelerated causing stocks to slump. Japan closed down over 1% after trading flat for most of the session.
Asian stocks climbed to an 11-month high Tuesday on hopes a V-shaped recovery may be forming in the United States, while the Australian dollar hit its highest since late September after solid housing and retail sales data.
Asian markets inched up to an 11-month high Monday on mounting evidence that the global economic recovery is picking up speed, giving a boost to oil and copper prices while hurting the safe-haven U.S. dollar.
Asia markets closed mostly higher Tuesday after racking up solid gains in recent sessions. Upbeat data on U.S. new home sales lifted confidence on Wall Street and in Asia, but Japan markets slipped marginally to break their nine-day winning streak.
The Nikkei 225 could rally to 22,000 points over the next 3 years as a 20-year downtrend in the Japanese index gives way to a strong bull run, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.