China data supports market sentiment

China data supports market sentiment

(ATF) China led Asian markets higher after upbeat data from the services sector gave legs to the rally triggered by blowout US jobs data. China’s services sector activities grew at the fastest pace in more than a decade in June with the Caixin/Markit services Purchasing Managers’ Index (PMI) rising to ...

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Vaccine hopes give markets shot in the arm

Vaccine hopes give markets shot in the arm

(ATF) Asian markets received a shot in the arm as trial results indicated a coronavirus vaccine could be made available to the public within this year. Sentiment has also been boosted by expectations that US interest rates will remain low for “some time” following the release of US Federal Reserve ...

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As coronavirus spike jolts markets, investors mull impact

As coronavirus spike jolts markets, investors mull impact

(ATF) Financial markets have been rattled by the threat to economic reopenings from the relentless surge in infections as the global coronavirus crosses the 10 million mark. “We received a stark reminder this week that the fight against Covid-19 is not over, as new cases globally thrice reached new highs. ...

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Markets broadly firm on recovery hopes

Markets broadly firm on recovery hopes

(ATF) Asian markets were broadly firm on Friday amid growing expectation that countries will not necessarily reimpose lockdowns even if they endure a spike in coronavirus infections. The US reported its highest single day tally of coronavirus cases on Thursday but it did not deter Wall Street from finishing higher ...

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First IPO applications under review since ChiNext reform

First IPO applications under review since ChiNext reform

(ATF) The Shenzhen Stock Exchange has started reviewing the first batch of applications for initial public offerings (IPO) under the pilot registration-based system on its ChiNext, China's Nasdaq-style board of growth enterprises. The stock exchange said in an online statement that it has accepted 32 IPO applications, one refinancing application, ...

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Recovery momentum doubted after recent market gains

Recovery momentum doubted after recent market gains

(ATF) Investors are treading water this morning amid a spike in coronavirus infections in many countries and with doubts creeping in about the sustainability of the economic rebound from the pandemic. The Nikkei 225 is marginally lower and the S&P ASX 200 has edged up with the region looking for ...

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Investors monitor economic rebound signs

Investors monitor economic rebound signs

(ATF) Asian markets are cautious ahead of a bunch of PMI – purchasing managers' index – data releases with investors already rattled by the spike in coronavirus cases. Kicking off the day’s economic data releases, Japan’s manufacturing PMI, declined to 37.4 from 38.4 and services PMI jumped to 42.3 from ...

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