Asian markets mostly up as dealers await Fed, sterling flat

News Image

By MG News | July 24, 2019 at 09:20 AM GMT+05:00

0:00

July 24, 2019: Most Asian markets enjoyed another day of gains Wednesday, with support coming from more healthy earnings results and renewed hopes for a resolution of the China-US trade war.

The pound was barely moved after Tuesday's brief rally in reaction to Boris Johnson's election to replace Theresa May as British prime minister, with investors keen to see whether the leading Brexiter pushes ahead with a no-deal divorce from the EU.

While Federal Reserve officials are blocked from speaking on policy ahead of a crucial meeting next week, their decision on how far to cut interest rates is the big question on trading floors.

However, investors are still keeping an eye on the corporate reporting season, which has been broadly positive.

The latest big-name firms to post positive results were Coca-Cola, toymaker Hasbro and Harley-Davidson, helping all three main indexes on Wall Street end with sharp gains.

Adding to the upbeat mood were reports that Donald Trump's Trade Representative Robert Lighthizer will lead a delegation to China next week to resume trade talks.

The meeting would be the first head-to-head since negotiations were cut short in May by Trump's surprise decision to hit China with more tariffs for what he called Beijing's backsliding.

Since then he has met China's Xi Jinping on the sidelines of the G20 in Japan, where they agreed to get both sides back around the table.

AFP/APP

Related News

Name Price/Vol %Chg/NChg
KSE100 122,143.57
238.19M
-1.57%
-1949.56
ALLSHR 76,055.22
966.52M
-1.36%
-1051.07
KSE30 36,883.30
115.66M
-1.74%
-653.39
KMI30 180,397.18
129.11M
-2.16%
-3973.50
KMIALLSHR 52,092.45
393.86M
-1.73%
-918.69
BKTi 29,957.41
15.86M
-1.36%
-411.82
OGTi 27,188.26
11.39M
-1.70%
-471.10
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,715.00 106,630.00
103,010.00
-1380.00
-1.29%
BRENT CRUDE 75.18 78.50
70.41
5.82
8.39%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-2.00
-2.22%
ROTTERDAM COAL MONTHLY 103.60 103.60
103.50
1.00
0.97%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 73.18 77.62
68.49
5.14
7.55%
SUGAR #11 WORLD 16.08 16.50
16.07
-0.19
-1.17%

Chart of the Day


Latest News
June 13, 2025 at 11:59 PM GMT+05:00

SBP revises export declaration format in PSW system


June 13, 2025 at 11:52 PM GMT+05:00

PMEX appoints Nadeem Karamat as new chairman


June 13, 2025 at 09:34 PM GMT+05:00

Silver to rise toward $48–$50 as rally gains strength


June 13, 2025 at 05:34 PM GMT+05:00

Gold price in Pakistan rises Rs4,600 per tola


June 13, 2025 at 05:03 PM GMT+05:00

PSX Closing Bell: A Hard Day’s Fall



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg