Tokyo Shares Recover

Dec 07 03:12 2017 Print This Article

Tokyo stocks rallied on Thursday after three days of losses, leading a cautious recovery in Asian markets with technology firms seeing some much-needed buying.

However, while traders managed to staunch the recent sell-off across the region several issues continue to dog sentiment, the latest being the repercussions of Donald Trump’s recognition of Jerusalem as Israel’s capital.

Asian markets plunged on Wednesday led by tech firms as investors cashed out following a year-long surge in the sector, while energy firms were also hit by worries about commodities demand.

However, strong gains in big name firms including Amazon, Facebook and Google parent Alphabet provided some buying impetus for the sector in Asia.

Tencent jumped 1.7 percent and Sony rose 0.6 percent while Samsung was 0.5 percent higher, although ongoing worries about further selling kept a cap on gains. But energy firms, which also dived Wednesday, suffered again after a plunge in oil prices overnight fuelled by disappointing US stockpiles data.

Read More

About Article Author

Market Pulse

Established in 2006, MarketPulse is a free news site that provides full-time coverage of the world's largest financial markets, focusing on forex, commodities, and global indices research and analysis. Armed with a global team of securities analysts and strategists, Market Pulse provides timely, accurate, and informative research on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors.

Related Items

An opportunity to reinvent our food system and unlock human capital too

A woman sorts seaweed after harvesting it in Rote, Indonesia. © Robert Jones What if we had the chance to reinvent the world’s food system and make local, more sustainable, nourishing and diverse food the new norm rather than the exception?    It might seem far-fetched, but with 9 billion p ...

US Natgas Futures Collapse As Winter Weather Disappoints

The possibility of another warm winter this year caused natural gas traders to drop futures for the first half of 2018, driving the full calendar strip to its lowest level on record, according to analysts and Reuters data going back to 2015. Those declines boosted the premium of calendar 2019 over 2 ...

Friday’s COT Report: A WTF Moment For the Ages? - Ed Steer

December 14, 2017 YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price was up a dollar or so in Far East trading on their Friday, but was turned lower once London opened. That tiny downturn lasted until at, or shortly after, the 10:30 a.m. GMT morning gold fix in London — and the pri ...

Whitecap Resources Inc. Announces Closing of Previously Announced Acquisition, Issuance of Senior Notes and Confirms Monthly Dividend for December

CALGARY, Dec. 14, 2017 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has now closed its previously announced acquisition of high quality light oil assets in southeast Saskatchewan, which includes current production of approximately ...

Hotel Occupancy Rate Increased Year-over-Year, 2017 will be Record Occupancy Year

From HotelNewsNow.com: STR: US hotel results for week ending 9 DecemberThe U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 December 2017, according to data from STR.In comparison with the week of 4-10 December 2016, the industr ...

Bellatrix Announces a Fourth Quarter 2017 Operational Update, 2018 Capital Budget, and Publication of Its Annual Corporate Responsibility Report

TSX, NYSE: BXE CALGARY, Dec. 14, 2017 /CNW/ – Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “our” or the “Company”) (TSX, NYSE: BXE) is pleased to announce a fourth quarter 2017 operational update, including completion of its 2017 capital program with production volumes exceeding ...

How much should it really cost to renovate a kitchen?

My kitchen renovation last year was filled with surprises, most of them unwelcome (after all, our house is 100 years old). But by far the biggest surprise was the cost: After an initial meeting with our designer, we realized we needed to rethink our budget and come up with more cash (about 30% m ...

Q4 2017 Bank Earnings – Mortgage Morsels

It was a good year for Canada’s Big 6 banks, which earned a combined $42 billion for fiscal year 2017. As with the rest of the mortgage industry, there was a fair amount of attention this quarter given to the incoming B-20 regulations that take effect January 1, 2018. Overall the big banks expect ...

Retail Sales increased 0.8% in November

On a monthly basis, retail sales increased 0.8 percent from October to November (seasonally adjusted), and sales were up 5.8 percent from November 2016.From the Census Bureau report:Advance estimates of U.S. retail and food services sales for November 2017, adjusted for seasonal variation and holi ...