surged 7.9 percent after agreeing to buy Kyrgyzstan oilfields. Comba Telecom Systems Holdings Ltd. jumped 7.7 percent after the maker of wireless network devices swung to a profit in the first half. Li & Fung Ltd.
Stocks Not Expected to Lose Steam – Yahoo Finance
The dollar weakened to 103.76 yen from 103.84 yen. A stronger yen makes Japanese stocks pricier for overseas investors. ENERGY: Benchmark crude oil for October delivery fell 21 cents to $93.75 in electronic trading on the New York Mercantile Exchange. The contract rose 51 cents to settle at $93.96 on Thursday. Brent crude shed 12 cents to $102.51 on the ICE exchange in London.
Japan Stocks Inch Higher After Days Of Gains | Fox Business
fell 1.2%, perhaps partly weighed by news of a price cut to some products in India. eased 0.1%, failing to get any help from a Nikkei news report that the camera and medical-equipment company was slashing its debt levels. Telecoms were mostly higher, with KDDI Corp. rising 0.8% and Softbank Corp. up 0.7%, even as its U.S.
Stocks End Higher After Data; S&P Hits New Record – Yahoo Finance
Inventory levels rose 5.8% from the previous year to the highest level in two years. The Philly Fed manufacturing index rose came in at 28 in August from 23.9 in the previous month. The better than expected result is a blog url sign of improving conditions for Mid-Atlantic manufactures. Separately, Markit reported that its flash PMI index came in at 58 in August, up from 55.8 in July and the highest level since April 2010. At market close the Dow was up 0.4%, the S&P 500 was 0.3% higher while the Nasdaq gained 0.1%.
Most Asia Stocks Inch Higher Ahead of Yellen Talk – ABC News
The U.S. economys growth momentum has been erratic in this recovery, particularly in the recent past when a negative GDP print in Q1 was followed by a strong growth number in Q2. But some areas have shown consistent and steady improvements. The labor market would qualify as one of those positive areas, helping bring down the unemployment rate by more than percentage point over the past year to Julys 6.2% rate. This mornings drop in the initial Jobless Claims numbers to back under 300K means that we can expect monthly payroll gains in excess of 200K in the August payroll report as well.