country flagالعربية
0
0

Asian stocks and Japanese private sectors continue to grow

2019-07-24 01:39 am | Resource: News | No Views : 25

 Asian stocks and Japanese private sectors continue to grow

Stocks in Asia and the Pacific mixed on Wednesday after developments on the US-China trade front. After optimistic remarks by White House Economic Adviser Larry Codlow

Japan's private sector continues to grow in July

Japan's manufacturing and services sectors grew in July, according to the IHS Markit flash report on Wednesday. The Composite Purchasing Managers Index came in at 51.2, up from 50.8 in June.

Japan's composite flash data shows a modest improvement in private business output in July, as consumption of services has boosted the economy, as in the current year. Private sector gross domestic product (GDP) expanded at the fastest rate in seven years. "There have been months on the back of faster service growth," said IHS Markit economist Joe Hayes.

The PMI for seasonally adjusted services was reported at 52.3, or 0.4 points higher than June. Manufacturing PMI was 49.6 in July, 0.3 points better than the previous month, below the threshold of 50 points not change for the third straight month. The slow growth is due to weak demand from China and high friction between Japan and South Korea.

Apple Display LG Display shares fell more than 2% after the company reported a second-quarter operating loss higher than expected. The company also said it was looking to diversify its suppliers' base amid the continuing diplomatic row between Tokyo and Seoul, which saw export restrictions on important materials to South Korea.

Wednesday is the deadline for public comment on the Japanese government's plan to remove South Korea from the list of "white list" countries with minimum trade restrictions, the Nikkei Asian Review reported on Tuesday.

Asian stocks trading
In corporate news, Japan's Mitsubishi Motor Co. is set to announce its Q1 earnings later on Wednesday.


Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.