Hong Kong Shares Dip, But Recovery in Mainland Market Calms Jitters

Hong Kong stocks dipped on Monday, with investor sentiment soothed after mainland markets ended a volatile session in positive territory.

The Hang Seng index fell 0.3 percent, to 21,996.42, while the China Enterprises Index lost 0.7 percent, to 9,790.64 points.

For the month, the Hang Seng declined 2.8 percent.

Last week, Hong Kong stocks posted their biggest weekly drop in two months, partly hit by a Friday tumble in mainland shares. But fears eased on Monday as China’s benchmark indexes managed to recoup earlier losses by the close.

Some analysts, however, say Hong Kong stocks are getting less and less attractive to investors due to the city’s economic troubles and further financial deregulation in China.

Most sectors were down, but IT and consumer stocks strengthened.

Source : Reuters

Sumber : bpfnews.com

U.S. Stocks Are Little Changed Before Pending Home Sales Report

U.S. stocks were little changed, following the Standard & Poor’s 500 Index’s smallest weekly move since July, as investors awaited a slew of economic data this week and prepared for policy decisions from central banks.

The S&P 500 gained 0.2 percent to 2,093.53 at 9:33 a.m. in New York, after rising less than 0.05 percent last week. The gauge is on track for a second monthly advance.

The lull in the stock market is continuing after light trading amid the Thanksgiving holiday. Reports this week include pending home sales today to manufacturing data tomorrow and the monthly Labor Department jobs update on Friday. Federal Reserve Chair Janet Yellen will speak to Congress on Thursday and the European Central Bank will hold its last policy meeting of the year.

The S&P 500 has rebounded 12 percent through Friday from its low in August as concern eased that a Chinese slowdown would spread. Fed policy makers have signaled the economy is strong enough to withstand the first U.S. interest-rate increase since 2006, and traders are pricing in a 76 percent chance that the central bank will act in December.

The U.S. benchmark stock index closed on Friday within 2 percent of its record reached in May while alternating between between gains and losses over the last nine sessions, the longest such streak since 2013. Meanwhile, the Russell 2000 Index of small-cap shares is in the midst of its longest rally since March and reached a three-month high on Friday, bolstered by gains in health-care companies. The gauge is on pace for a 3.5 percent increase this month after rebounding 5.6 percent in October.

Source : Bloomberg

Sumber : bpfnews.com

U.S. Index Futures Erase Drops; S&P 500 Heads for Monthly Gain

U.S. index futures reversed earlier declines and were little changed.

Standard & Poor’s 500 Index E-mini futures expiring next month rose less than 0.1 percent, after sliding as much as 0.4 percent, following a rebound in European equities. Contracts on the Dow Jones Industrial Average added 16 points.

The S&P 500 was little changed each day of last week as the Thanksgiving holiday damped trading. The index is heading for a second monthly gain, up 0.5 percent.

Source: Bloomberg

Sumber : bpfnews.com

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