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Tesla Buyers In China Protest Price Cuts, Demand Refund
Chinese buyers of Tesla electric cars are protesting after the company announced price cuts recently to boost sales amid weak deliveries. Hundreds of clients, who bought vehicles late last year, gathered in Tesla showrooms and delivery centers in the country demanding refund of the price difference. Last week, the luxury electric car maker had announced reduction in prices for its Model 3 and...
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European Shares Seen Up As US Rate Hike Worries Ease, China Reopens Borders
European stocks are likely to open higher on Monday as concerns eased about aggressive tightening by the Federal Reserve.
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European Economics Preview: Germany Industrial Output Data Due
Industrial production from Germany and unemployment from the euro area are the top economic news due on Monday. At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss unemployment data for December. The jobless rate is forecast to rise to 2.1 percent from 2.0 percent in November.
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Sensex, Nifty Open Higher On Firm Global Cues
Indian shares opened a tad higher on Monday, mirroring firm global cues as weak service sector and mixed jobs data from the U.S. raised hopes for a change to aggressive Fed policy.
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Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as data showing a drop in U.S. wage growth to a 50-year low and a contraction in U.S. service sector activity in the month of December helped ease concerns about aggressive policy tightening by the US Federal Reserve. Asian markets closed mostly higher on Friday.
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Sensex, Nifty Seen Opening Higher On Wall Street Cues
Indian shares look set to open higher on Monday, tracking firm cues from global markets as concerns eased about aggressive tightening by the Federal Reserve.
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Thai Stock Market Tipped To Build On Friday's Gains
The Thai stock market on Friday halted the two-day losing streak in which it had fallen more than 15 points or 1 percent. The Stock Exchange of Thailand now rests just shy of the 1,675-point plateau and it's poised to add to its winnings on Monday.
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Indonesia Stock Market Expected To Open In The Green
The Indonesia stock market on Friday halted the two-day losing streak in which it had tumbled more than 230 points or 3 percent. The Jakarta Composite Index now rests just above the 6,680-point plateau and it's expected to see additional support on Monday.
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Australian Market Significantly Higher
The Australian stock market is significantly higher on Monday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying below the 7,200 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by mining stocks after iron ore and gold prices firmed.
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Higher Open Expected For Hong Kong Stock Market
The Hong Kong stock market on Friday ended the four-day winning streak in which it had surged more than 1,300 points or 1.6 percent. The Hang Seng Index now rests just beneath the 21,000-point plateau, although it's expected to climb back above that level in Monday's trade.
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China Stock Market Likely To Continue Recent Rally
The China stock market has moved higher in five straight sessions, accelerating almost 85 points or 2.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,160-point plateau and it's looking at another green light for Monday's trade.
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Australia Building Approvals Slump 9.0% In November
The total number of building permits issued in Australia in November was down a seasonally adjusted 9.0 percent on month in November, the Australian Bureau of Statistics said on Monday - coming in at 13,898.
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Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has tracked higher in back-to-back sessions, advancing almost 175 points or 1.2 percent along the way. The Taiwan Stock Exchange now rests just shy of the 14,375-point plateau, and it's predicted to see additional support on Monday.
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