The average new asking price rose by 0.5% in the month to 7 October to £368,231, its data shows. However, the price of houses being sold dropped by 0.8% in the 12 months to early October, with the number of agreed house sales down by 17%. Sumitomo Mitsui Financial Group (8316) and Mitsubishi UFJ Financial Group (8306) fell by 1.53% and 2.02%. Among soft commodities, orange juice closed at a record, with November futures rising 0.17% to $3.859 per pound, posting a sixth straight week of gains. China has left its key short-term and medium-term lending rates unchanged, with the 7-day reverse repurchase rate standing at 1.8% and the one-year medium term lending facility rate at 2.5%.
- There are fresh signs today that the UK’s housing market is cooling, under the weight of high interest rates.
- Better-than-expected Australian business and consumer confidence numbers contributed to the gains for the ASX 200.
- In Australia, the S&P/ASX 200 fell 0.35% to 7,027.90, while New Zealand’s S&P/NZX 50 Index closed 0.71% lower at 11,185.08.
- The new record high also comes as oil prices have also jumped in recent months, with Brent crude up 24% since June.
- It was below the median estimate for a 0.2% increase in a Reuters poll.
Risk-on sentiment fueled demand for tech stocks, with the S&P/ASX All Technology Index (XTX) rallying 2.28%. Better-than-expected Australian business and consumer confidence numbers contributed to the gains for the ASX 200. On Monday, the S&P 500 and Dow rose by 0.63% and 0.59%, respectively.
Global markets are bracing for more volatility, as Israel prepares for a likely ground offensive into Gaza, and hundreds of thousands of Gazans move to the southern part of the Gaza Strip. Concerns over further escalation in the Middle East are keeping investors cautious, more than a week after Hamas’s devastating attack on Israel. The weak growth of Poland’s main trading partners and the gradual recovery of consumption point to an inevitable shrinking of the current account surplus. Poland’s WIG 20 equity index jumped as much as 4.9%, before settling 2.6% higher.
ASX 200
The threat of other nations entering the conflict will remain a headwind. Brent Crude and WTI Crude Oil prices jumped 5.69% and 5.77%, respectively, on Friday. The company will issue 326.5 million shares priced at 12 Hong Kong dollars ($1.53) each, according to the company’s prospectus. Defense stocks surged Monday as the Israel-Hamas conflict sparked concerns of geopolitical instability, making them the broad market index’s biggest gainers as of Monday afternoon. Treasuries all rose in early trading Monday as investors sought what are perceived to be safe ports in a world of increased violence, expanding defense budgets and uncertain inflation. Japan’s benchmark Nikkei 225 surged over 2% on Tuesday, led by gains in energy and distribution stocks.
Logistics company Orient Overseas was a rare decliner on the day, down 3.9%. Asia-Pacific markets were mixed as investors assessed the market impact of the attack on Israel by Palestinian militant group Hamas. Sectors represented in the index include technology, financials, consumer goods, materials, capital goods, transportation, and utilities. In all, the Nikkei index comprises companies from 36 different industries.
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Economists polled by Reuters expect a 4.4% year-on-year expansion, down from 6.3% in the previous quarter.
Tokyo stocks lead Asia markets lower, Japan inflation data awaited
“As risk-off sentiment has been spreading, investors have been seeking more defensive positions amid fears of conflict escalating in the Middle East. The FTSE 100 looks set to benefit from higher energy prices with oil and gas prices dipping back but remaining at elevated levels, having jumped sharply over supply concerns. The national average for a gallon of gasoline dropped to $3.628, down 12 cents from a week ago and 22 cents from a month ago, the American Automobile Association said. All sectors ended Monday in the green, led by gains in energy and industrials, which closed higher by 3.5%, and 1.6%, respectively. Oil and natural-gas prices jumped during the day, driven by Hamas’ attack on Israel and Israel’s ensuing battle against the Hamas militants, leading to concerns about the region’s oil supply.
The Nikkei is an abbreviation for the Nikkei 225 Stock Average, Japan’s leading and most respected stock index. It is a price-weighted index comprised of the top 225 blue-chip companies in Japan that are traded on the Tokyo Stock Exchange. We provide fundamental financial data on multiple markets around the world and offer unique stock index specific data subscriptions, including historical index constituents & weightings. Rio Tinto (RIO) declined by 0.88%, with Newcrest Mining (NCM) falling by 0.74% on retreating gold prices.
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Nikkei retains all intellectual property rights to the Nikkei Stock Average and other Nikkei Indexes. Halliburton was the biggest energy winner, with the stock popping 6.8%, followed by Marathon Oil Corp and ConocoPhillips. development request for proposal rfp for software CNBC Pro asked fund managers and analysts which energy names they would focus on. Guzman y Gomez currently operates in Australia, Japan and Singapore and is pushing to expand further in the U.S.
Guide to make better use of the Nikkei Indexes
This is in contrast to the 0.5% year-on-year rise expected by economists polled by Reuters, but a softer fall compared with the 0.52% decline seen in August. Hong Kong’s Hang Seng index fell 1% in the final hour of trading, while China’s benchmark CSI 300 index ended 1% lower at 3,626.60. The People’s Bank of China left its one-year medium-term lending facility rate unchanged at 2.50%, as expected.
Brent crude oil is trading over $90 per barrel this morning, up from $85 per barrel on 6th October, the day before Hamas’s attack. Fears that the Israel-Hamas war will develop into a regional conflict have pushed up energy prices over the last week. Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The current price is updated on an hourly basis with today’s latest value. The current price of the Nikkei 225 Index as of October 13, 2023 is 32,315.99. Using this review cycle analytics for traders information as a benchmark, Investec analysts believe that there is significant growth potential for a London-listed stock that the market may be underestimating.
The wholesale price index tracks prices of goods traded between corporations. Meanwhile, consumer discretionary continued its decline, making it the worst-performing sector in the S&P 500. Hong Kong experienced a shortened trading day of just two hours in the previous session due to a typhoon warning. Hong Kong experienced a shortened trading day of just two hours Monday after the city canceled its morning session due to a typhoon warning. Japan’s Nikkei 225 jumped over 2.4%, leading gains in the region as the country comes back from a public holiday, with the Topix also gaining 2.09%.
Hong Kong’s Hang Seng Index fell more than 2%, dragged by the consumer cyclicals sector. Additionally, the Nikkei 225 is a capitalisation-weighted index, which means that each stock’s weight is proportional to its market capitalisation. This means that larger companies have more influence on the overall index value compared to smaller companies. Oil stocks Woodside Energy Group (WDS) and Santos Ltd (STO) rose by 1.28% and 0.52%, respectively. Easing fear of a more widespread Middle East conflict added to the appetite for riskier assets.
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“Our sense is that the FOMC will need to see core inflation break below 4% and believe it will continue to trend downward to pause and remain on hold for a prolonged period,” Senyek wrote to clients. The reading came in below expectations of a 5.5% increase by economists polled by Reuters, and still remains above central bank’s target of 4%. On a quarter-on-quarter seasonally a guide to forex day trading strategies adjusted basis, Singapore’s GDP grew 1%, faster than the previous quarter’s 0.1% expansion. Its weak performance was owed to output declines across all manufacturing clusters, with the exception of the transport engineering cluster. Core inflation in the Southeast Asian city-state came in at 3.4% year-on-year for the month of August, easing from July’s figures.