LONDON (Reuters) - World shares slipped on Wednesday after two days of gains amid mounting concern over world growth and trade, though the British pound rallied half a percent on optimism that lawmakers were set to rule out a no-deal Brexit. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville European shares opened flat to weaker, unable to shake off the somber mood in Asian trading. Last week’s optimism over U.S.-China trade talks has faded after U.S. Trade Representative Robert Lighthizer said it was unclear whether gaps between the two sides could be closed. Data continue to reinforce the picture of a slowing world economy. Japan’s machinery orders fell in January at the fastest pace in four months, pushing the Nikkei down more than 1 percent. Australia also continued its run of weak numbers, as an index of consumer sentiment slipped in March. U.S. monthly inflation rose, … [Read more...] about Equity markets stymied by signs of slowdown, Brexit chaos
Equities markets
2018 a banner year for local equity market
Viet Nam News HÀ NỘI – The net value of foreign capital flowing into Việt Nam’s equity market in 2018 hit US$2.8 billion, according to State Securities Commission vice chairman Phạm Hồng Sơn. That figure was almost 2.3 times the figure of $1.23 billion in 2017 and set up a new record high of net foreign purchases since 2008, Sơn said at a meeting on Wednesday, adding foreign capital had started to leave other Southeast Asia markets. The total value of foreign investment in Việt Nam as of the end of 2018 was estimated at $32.8 billion. In 2018, the global economy saw strong growth amid worries about uncertain geo-political conditions, the US Fed’s rate hikes and trade tensions between the biggest economies. Those worries were reflected in the volatility of global markets, including in Việt Nam, with many ups and downs, the SSC vice chairman said. “Thanks to the strong growth of the domestic economy … [Read more...] about 2018 a banner year for local equity market
Vietnam’s equity market to thrive in 2019
Analysts and securities firms are hoping Vietnamese shares will perform better in 2019, but there are still many challenges that will clearly weigh on market sentiment. (Photo: vnexpress.net) Hanoi (VNS/VNA) - Analysts and securities firms are hoping Vietnamese shares will perform better in 2019, but there are still many challenges that will clearly weigh on market sentiment. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) finished last year at 892.54 points. Compared to 2017’s end, it has fallen total 9.31 percent. The benchmark index started soaring on January 22, 2016 at 522.24 points and it took the VN-Index more than two years to touch its all-time high of 1,204.33 points on April 9, 2018. In the first three months of the year, the VN-Index was one of the top three best-performing equity indices in the world. A similar pattern was also seen in the performance of the Hanoi Stock Exchange’s HNX Index, which hit its record high of 138.02 points on … [Read more...] about Vietnam’s equity market to thrive in 2019
Vietnam equity market to thrive in 2019
Analysts and securities firms are hoping Vietnamese shares will perform better in 2019, but there are still many challenges that will clearly weigh on market sentiment.– Photo vnexpress.net The benchmark VN-Index on the Ho Chi Minh Stock Exchange finished last year at 892.54 points. Compared to 2017’s end, it has fallen total 9.31 per cent. The benchmark index started soaring on January 22, 2016 at 522.24 points and it took the VN-Index more than two years to touch its all-time high of 1,204.33 points on April 9, 2018. In the first three months of the year, the VN-Index was one of the top three best-performing equity indices in the world. A similar pattern was also seen in the performance of the Ha Noi Stock Exchange’s HNX Index, which hit its record high of 138.02 points on April 6 after having gained substantially by 87 per cent since January 22, 2016. But in the last eight months, the two indices of the Vietnamese equity market have disappointed many investors … [Read more...] about Vietnam equity market to thrive in 2019
Equity markets edge up, dollar drops, on growth worries ahead of…
NEW YORK (Reuters) - World stock markets inched higher on Tuesday as investors looked ahead to whether the U.S. Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid Steep declines in equity markets over the last two months have sapped investor confidence, spurring fund managers to predict global growth to weaken over the next 12 months, the worst outlook in a decade, Bank of America Merrill Lynch’s December investor survey showed. MSCI’s world stock index rose 0.2 percent. The index has fallen 10 percent this year and is set for its worst year in a decade. U.S. stocks were boosted by upbeat earnings and tech stocks. The Dow Jones Industrial Average rose 283.83 points, or 1.2 percent, to 23,876.81, the S&P 500 gained 22.54 points, or 0.89 percent, to … [Read more...] about Equity markets edge up, dollar drops, on growth worries ahead of…