Hong Kong’s Hang Seng index rose 0.7% in its final hour, reversing losses from Tuesday, while the mainland CSI 300 index also inched up 0.21% to close at 3,700.5. Israeli Prime Minister vowed on Saturday to respond in kind to an attack from Palestinian militants, and said Hamas “will pay a price it has never known before.” However, according to simple trading strategies one strategist, a different market has much better valuations right now. Hong Kong earlier issued a Typhoon Signal 8 warning late on Sunday due to Typhoon Koinu, prompting the morning session on Monday to be canceled. The last factor Moe sees is that the fastest part of the rate of increase for interest rates “seems to be toward the tail end.”
A trader will then need to determine what time frames are most active for their preferred trading pair. The Asian markets have already been closed for a number of hours by the time the North American session comes online, but the day is only halfway through for European traders. The Western session is dominated by activity in the U.S., with contributions from Canada, Mexico, and countries in South America.
Traders will be watching the market reaction however, after Palestinian militants launched an unprecedented surprise attack on Israel over the weekend. “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. 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. Morgan Stanley analysts downgraded JD.com to equal-weight from overweight, while Jeffries slashed its price target for JD.com’s Nasdaq listing from $97 to $80 per share.
Hong Kong stocks rise for fifth session as Nikkei 225 rises
One of the world’s leading financial market exchanges is located in Sydney, Australia. Along with the Australian Securities Exchange, the New Zealand Stock Exchange is another notable market in the Australia/Oceania region. The London Stock Exchange (LSE) has a two-minute break at noon. The mini-break is designed to protect institutional traders from high-frequency traders, whose split-second transactions can skew prices. The largest exchange in South America is in São Paulo, Brazil. The exchange trades two hours ahead of the NYSE, so much of the action follows that of the NYSE.
The second-largest stock exchange also belongs to this region i.e. the Nasdaq despite being founded only in 1971. Yields had already been on the rise in the morning following a report that showed inflation at the consumer level was a touch higher last month than economists expected. That raises worries about the Federal Reserve keeping its main interest rate high for a long time, as it tries to drive down inflation. With just days left in the trading month and quarter, both West Texas Intermediate and Brent crude are on pace for their first straight month of price gains. That means, if it holds, both will have climbed in price every month of the third quarter.
AllianceBernstein revealed some of its favorite stocks in the country, including two new names on its radar. The analysts expect the South Asian country to give “one of the highest returns among key markets throughout the world for the next several years.” Just last week, the Reserve Bank of India kept interest rates steady at 6.5%. JD.com shares tumbled to its lowest in a year, hit by a series of broker downgrades and target price revisions on the prospect of weaker retail growth for the Chinese e-commerce giant. Tepid prices underscore what China’s top leaders labeled as a “tortuous” economic recovery after the country emerged from its draconian zero Covid curbs toward the end of last year. Other stocks dragging down the index include China Merchants Bank which fell 1.27%, while Ping An Insurance lost 1.67%.
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- It’s important to note that many of the exchanges in Asia close for lunch every day.
- The exchanges post their annual calendars well in advance.
- China’s consumer price index for September came in flat, lower than a 0.2% climb which analysts polled by Reuters expected.
Australia’s weighted inflation rate climbed 5.2% year on year in August, in line with expectations from economists polled by Reuters, while headline inflation came in at 5.5%. Global benchmark Brent crude climbed nearly 4% to $87.49, while U.S. Oil prices jumped 4% as the Israel-Hamas conflict extended into its third day following a surprise attack on Israel by Palestinian militant group Hamas. China’s ministry of commerce reported a 9% year-on-year rise in retail sales of major retail and catering enterprises, but Citi said that this includes the positive impact of two festivals in the week. He thinks that the “higher for longer environment” has been priced in significantly to the markets, and as such, will help markets moving forward.
Trade Brains is a Stock market analytics, financial & business news service provider and education platform in India with a mission to simplify stock market investing and trading. The third-largest stock exchange in the world is the Shanghai stock exchange. Followed by the Hong Kong Stock Exchange and the Japan Stock Exchange.
The figure below shows the uptick in the hourly ranges in various currency pairs at 7 a.m. Sign up for TradingHours.com’s Weekly Digest – a comprehensive summary of upcoming holidays impacting financial markets this week – delivered straight to your inbox every Monday at 6am ET. TradingHours.com is trusted by world-leading financial institutions, investors, hedge funds, and fintech companies. All of our data is rigorously researched and verified by our team. We have full coverage of over 977 unique markets and trading venues including global equity markets, bonds, forex, and derivative markets including CME, CBOE, COMEX, ICE, NYMEX, EUREX, and more. You can learn all the details about the working hours of the European, Asian and American stock markets, which are the largest share markets on a global basis.
The S&P/ASX 200 in Australia traded 0.56% lower to close at 7,051. Both publish annual calendars of their holidays and half days. The Sydney-based Australian Securities Exchange (ASX) is roughly the same size as the South African exchange. Stocks, commodities, and options all are traded on the São Paulo exchange. Market Cap is based on data from the World Federation of Exchanges
and was last updated on Monday, October 2, 2023. Each segment may have a different trading calendar and hours of operation.
Trading Hours of the World’s Major Stock Exchanges
Their indices have a significant impact on our domestic bourses. Having a good idea of global market timings and when markets around the world are open and how they are performing also helps traders and investors assess the global effects on our domestic markets. Japan’s central bank board was split over when should the Bank of Japan should start to raise interest rates, according to minutes spectre.ai blockchain-based platform review from its monetary policy meeting in July. Asia-Pacific markets reversed losses to trade mostly higher on Wednesday as investors assessed China’s industrial data and Australia’s August inflation figures. Jamie Cox, financial planner at Harris Financial Group, believes international stocks will outperform U.S. stocks in the coming decade as rising rates and inflation change market dynamics.
ASIA STOCKS
Following the reports, the 10-year Treasury yield rose to 4.70% from 4.56% late Wednesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, climbed to 5.07% from 4.99%. Another report said slightly fewer U.S. workers applied for unemployment benefits last week than expected. That indicates a job market with few layoffs and a stronger economy. Comments made by JPMorgan Chase CEO Jamie Dimon anticipating additional room for rates to rise also pushed stocks down earlier this morning. The outbreak of war between Israel and Palestine on Saturday will likely add yet another factor to traders already navigating a difficult market.
G20 chair India says Middle East conflict raises fuel price concerns
Session overlap, where volatility is still elevated, even though Japanese markets are offline. For long-term or fundamental traders, trying to establish a position during a pair’s most active hours could lead to a poor entry price, a missed entry, or a trade that counters the strategy’s rules. In contrast, volatility is vital for short-term traders who do not hold a position overnight. There are many other notable countries that are present during this period, however, including China, Australia, New Zealand, and Russia.
CNBC Pro: Stocks to bet on China’s economic future after the real estate pain ends
This means it is a parent entity that operates one or more subsidiary markets or trading platforms, which are called “Segment MICs.” † Indicates the market is closed in observance of the holiday on a different date than when the holiday officially nord fx forex broker review occurs. This is typically the case when a holiday falls on a non-business day. You can now get the latest updates in the stock market on Trade Brains News and you can also use our Trade Brains Stock Screener to find the best stocks.
Weak results announced on Thursday for an auction of 30-year Treasury bonds sent yields higher on all kinds of Treasurys. Delta Air Lines fell 2.3% lower despite reporting stronger profit for the summer than analysts expected. It also said it’s seeing encouraging trends for bookings going into the holiday season. The term refers to the low growth that Japan faced after an asset bubble burst in the early 1990s, leading to about two decades of sluggish activity, deflation, asset price declines and financial stress. Japan and South Korea’s markets are closed Monday for a holiday.
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The Singapore central bank manages monetary policy through exchange rate settings, rather than interest rates. China’s consumer price index for September came in flat, lower than a 0.2% climb which analysts polled by Reuters expected. China also reported a 2.5% decline for its producer price index, compared to Reuters’ estimates of a 2.4% drop. While the New York Stock Exchange (NYSE) and the Nasdaq are two of the most well-known stock exchanges, there are others for investors to consider in Canada and Mexico. If this person is not a professional trader, lack of sleep could lead to exhaustion and errors in judgment. An alternative may be trading during the hours that comprise the European/U.S.