Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
LN: Asian stocks mostly higher ahead of Chinese data
 
BEIJING (AP) — China's stock benchmark closed at a seven-year high Monday as hopes for economic stimulus rose. Other Asian markets were mostly higher, while European stocks declined in early trading.
KEEPING SCORE: Germany's DAX shed 0.2 percent to 12,347.09 and France's CAC 40 was off just under 0.1 percent to 3,237.41. On Friday, the DAX added 1.4 percent and the CAC 40 gained 0.4 percent. On Wall Street, the future for the Standard & Poor's 500 index was off 0.3 percent after rising 0.5 percent on Friday. The future for the Dow Jones industrial average was unchanged after Friday's 0.6 percent gain.
ASIA'S DAY: The Shanghai Composite Index rose 2.2 percent to 4,121.71 points, closing above 4,100 for the first time since March 11, 2008, after weak trade data boosted expectations Beijing might launch a new stimulus. Hong Kong's Hang Seng gained 2.7 percent to 28,016.34 and Seoul's Kospi rose 0.5 percent to 2,098.92. India's Sensex added 0.3 percent to 28,876.49 and Sydney's S&P ASX 200 edged up 0.1 percent to 5,960.30. Tokyo's Nikkei 225 was unchanged at 19,905.46 after briefly passing 20,000 last week.
CHINA'S STIMULUS HOPES: Markets were boosted by expectations that a sharper-than-forecast contraction in March trade increased chances that Beijing will launch additional stimulus to spur slowing growth. Imports fell 12.7 percent from a year earlier and exports declined 15 percent. That added to signs that growth in the first three months of the year, due to be reported Wednesday, might decline further from the previous quarter's 7.3 percent.
THE QUOTE: "The elephant in the room is whether China's deterioration has endured," following softer industrial output and other data in January and February, Mizuho Bank said in a report. "The silver lining is that a softer outcome under disinflationary conditions will allow more stimulus to propel a revival in growth."
JAPAN MACHINERY ORDERS: Orders declined 0.4 percent in February compared with January but still were above their average for the previous quarter, fueling hopes that business investment is rebounding. Spare capacity has declined in recent quarters, suggesting companies have to increase spending on machinery and equipment soon, according to Marcel Thieliant of Capital Economics.
SLOWER ASIAN GROWTH: The World Bank said growth in developing East Asian economies, a group that includes China, India and Indonesia, is forecast to ease to a still-robust 6.7 percent this year and in 2016, down slightly from last year's 6.9 percent. The bank said China's growth would moderate to about 7 percent this year and in 2015 from last year's 2-decade low of 7.4 percent.
CURRENCY: The dollar rose to 120.323 yen from Friday's 120.180 yen. The euro edged up to $1.0597 from the previous session's $1.0586.
ENERGY: Benchmark U.S. crude rose 18 cents to $51.82 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 85 cents on Friday to close at $51.64. Brent crude, used to price international oils, rose 12 cents to $59.07 in London after rising $1.26 on Friday to $58.95.
Source