Today’s Market News |
Key developments on Monday: |
|
Asia kicks off the trading week on Monday with investors likely to give a big thumbs down to yet another batch of uniformly disappointing economic indicators from China, while at the same time cheering one of Wall Street’s best weeks of the year.
Fueled by growing hopes that the Federal Reserve will kick off its interest rate-cutting cycle with a 50-basis-point cut rather than a quarter-point move later this week, U.S. stocks rose solidly on Friday, which could provide a good springboard for Asia on Monday.
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
|
41,393.78 | +297.01 | 0.72%Positive |
|
trading higher
Nasdaq Composite Index
.IXIC |
17,683.98 | +114.30 | 0.65%Positive |
|
trading higher
S&P 500 Index
.SPX |
5,626.02 | +30.26 | 0.54%Positive |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
Nikkei Index
.N225 |
36,581.76 | -251.51 | 0.68%Negative |
|
unchanged
Hang Seng Index
.HSI |
17,369.09 | — | — |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
82,890.94 | -71.77 | 0.09%Negative |
