LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Asia holds breath for China data dump, New Zealand dollar slides

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Wed, Apr 17, 2019
06:03 am
Reuters
RELATED NEWS
Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi
RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here

Asian share markets got off to a guarded start on Wednesday as investors waited anxiously for a raft of Chinese data that might show policy stimulus is finally gaining traction in the world`s second-largest economy.

The main mover of the morning was the New Zealand dollar which dived after a weak reading on consumer price inflation stoked expectations for a cut in interest rates.

Investors are hoping for better news from China which is forecast to report first-quarter economic growth of 6.3 percent. While that would be the slowest pace in at least 27 years, the economy is many times larger now.

A flurry of stimulus measures looks to have put a floor under activity in March, with annual growth in retail sales seen picking up to 8.4 percent. Industrial output is forecast to rise 5.9 percent and urban investment 6.3 percent.

MSCI`s broadest index of Asia-Pacific shares outside Japan was a fraction lower, having boasted its highest close on Tuesday since June last year.

Japan`s Nikkei inched up 0.2 percent to reach its highest in almost five months. E-Mini futures for the S&P 500 were off 0.06 percent.

Over on Wall Street, the Dow ended Tuesday with a slight gain of 0.26 percent, while the S&P 500 firmed 0.05 percent and the Nasdaq 0.3 percent.

Healthcare shares fell after UnitedHealth Group Inc discussed concerns about U.S. Senator Bernie Sanders` "Medicare for All" plan, as well as the White House`s proposal to end discounts from drugmakers.

Shares of Qualcomm jumped 23 percent to $70.45, their biggest gain in more than 19 years, after winning a surprise settlement of a long-running legal dispute with Apple Inc.

Still, action across markets has become steadily more muted after a strong start to the year. The CBOE Volatility Index has hit its lowest level in more than six months, while European stock volatility reached its lowest level since January 2018.

Currency markets have been similarly becalmed. While the dollar has edged up against a basket of currencies to 97.074, it has traded between 95.00 and 97.70 for six months now.

The dollar did finally manage to top resistance on the yen at 112.13 to reach its highest since December at 112.16.

The euro was flat at $1.1285, having slipped form $1.1314 overnight on a Reuters report that several European Central Bank policymakers think the bank`s economic projections are too optimistic.

One currency on the move was the New Zealand dollar which sank 0.8 percent to $0.6708 after annual consumer price inflation came in well below expectations at just 1.5 percent for the first quarter.

Yields on two-year bonds dived 9 basis points to 1.48 percent as investors wagered the Reserve Bank of New Zealand (RBNZ) would have to cut rates in response.

In commodity markets, the general improvement in risk sentiment saw spot gold slip to its lowest for the year so far and was last at $1,276.61 per ounce.

Oil prices were buoyed as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply.

U.S. crude was last up 31 cents at $64.36 a barrel, while Brent crude futures were up 14 cents at $71.86.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi
RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here

LATEST NEWS

Covid-19 vaccine registration step-by-step guide: How those above 18 years can register themselves on CoWIN official website cowin.gov.in

Kerala SSLC HSC Exams Updates: Important news for candidates as covid shoot up - see all details here

Anil Singhvi’s Strategy April 20: Day support zone on Nifty is 14,175-14,250 & Bank Nifty is 30,725-30,800

Stock market holidays April 2021: BSE, NSE to remain CLOSED tomorrow; next holiday in May on THIS date

Vaccine cheer: Pharma stocks hit new life-time highs, RPG Lifesciences, Panacea, Cadila surge the most

Apex Legends Mobile pre-registration: Will this game overtake PUBG Mobile, COD Mobile and Free Fire in India? Check here!

Mindtree's order book is very strong: Dayapatra Nevatia, ED & COO

LPG gas cylinder price: Get cylinder for just Rs 9? Rs 800 discount? Paytm cashback offer EXPLAINED

Rs 10000 fine slapped on man for not wearing a face mask in Uttar Pradesh

Gold Price today-April 20: Yellow metal down Rs 123 on MCX; check rates in Delhi, Mumbai, Hyderabad and Chennai

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved