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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Asian markets rally as investors see positive in US gridlock EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Asian markets rally as investors see positive in US gridlock EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Asian markets rally as investors see positive in US gridlock EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Asian markets rally as investors see positive in US gridlock EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Asian markets rally as investors see positive in US gridlock EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Asian markets rally as investors see positive in US gridlock EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Asian markets rally as investors see positive in US gridlock EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Asian markets rally as investors see positive in US gridlock EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Asian markets rally as investors see positive in US gridlock EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Asian markets rally as investors see positive in US gridlock EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Asian markets rally as investors see positive in US gridlock EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Asian markets rally as investors see positive in US gridlock EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Asian markets rally as investors see positive in US gridlock EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Asian markets rally as investors see positive in US gridlock EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Asian markets rally as investors see positive in US gridlock EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Asian markets rally as investors see positive in US gridlock EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Asian markets rally as investors see positive in US gridlock EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Asian markets rally as investors see positive in US gridlock EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

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Asian markets rally as investors see positive in US gridlock EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Asian markets rally as investors see positive in US gridlock EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
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» GLAS.N0000 (Piramal Glass Ceylon PLC)
Asian markets rally as investors see positive in US gridlock EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Asian markets rally as investors see positive in US gridlock EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Asian markets rally as investors see positive in US gridlock EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Asian markets rally as investors see positive in US gridlock EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Asian markets rally as investors see positive in US gridlock EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Asian markets rally as investors see positive in US gridlock EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Asian markets rally as investors see positive in US gridlock EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Asian markets rally as investors see positive in US gridlock EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Asian markets rally as investors see positive in US gridlock EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Asian markets rally as investors see positive in US gridlock EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Asian markets rally as investors see positive in US gridlock EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Asian markets rally as investors see positive in US gridlock EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Asian markets rally as investors see positive in US gridlock EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Asian markets rally as investors see positive in US gridlock EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Asian markets rally as investors see positive in US gridlock EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Asian markets rally as investors see positive in US gridlock EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Asian markets rally as investors see positive in US gridlock EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Asian markets rally as investors see positive in US gridlock EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Asian markets rally as investors see positive in US gridlock EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Asian markets rally as investors see positive in US gridlock EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Asian markets rally as investors see positive in US gridlock EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Asian markets rally as investors see positive in US gridlock EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Asian markets rally as investors see positive in US gridlock EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Asian markets rally as investors see positive in US gridlock EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Asian markets rally as investors see positive in US gridlock EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Asian markets rally as investors see positive in US gridlock EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Asian markets rally as investors see positive in US gridlock EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Asian markets rally as investors see positive in US gridlock EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Asian markets rally as investors see positive in US gridlock EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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3 posters

    Asian markets rally as investors see positive in US gridlock

    The Invisible
    The Invisible


    Posts : 3116
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    Age : 44

    Asian markets rally as investors see positive in US gridlock Empty Asian markets rally as investors see positive in US gridlock

    Post by The Invisible Thu Nov 08, 2018 11:12 am

    AFP - Asian markets climbed Thursday, building on a global rally as investors bet that gridlock in Washington will clip Donald Trump's wings, preventing him from driving through measures that would likely push up US interest rates.

    Attention now turns to the end of the Federal Reserve's policy meeting later in the day, with its plans for hiking borrowing costs closely watched.

    Bets the central bank would lift rates again next month and continue to do so through 2019 have been a major cause of worry on trading this year but with the chances of more Trump tax cuts greatly reduced, expectations have been tempered.

    However, analysts do not expect the Fed to alter its most recent outlook for the economy, with Ian Shepherdson of Pantheon Macroeconomics, saying: "The economic picture hasn't changed meaningfully since the September meeting, despite the gyrations in the stock market."

    But with Democrats now controlling the House and ready to hold the president to account, observers expect them to push back against a number of his measures, though work with him on others such as infrastructure spending leading into the 2020 vote.

    "With trade tensions to the fore over recent months and risk currencies in the spotlight, the US midterms were being seen through the prism of whether the outcome might embolden the president to go harder on trade or in effect if the elections would clip his wings," said National Australia Bank economist David de Garis.

    "With the Democrats gaining control over the House, the latter scenario now might be a little more likely."

    However, Stephen Innes, head of Asia-Pacific trading at OANDA added the result "has left analysts debating what this will mean for policy going forward".

    All three main Wall Street indexes ended more than two percent higher. And the positive mood was reflected in Asia, where Tokyo went into the break almost two percent up.

    Hong Kong added 0.8 percent, Shanghai gained 0.4 percent and Seoul jumped 1.4 percent, while Sydney rose 0.5 percent.

    Wellington and Taipei put on 0.4 percent each and Jakarta edged up 0.2 percent.

    - Dollar edges back -

    Eyes will be on developments in Washington after Trump fired Attorney General Jeff Sessions, who had come under fire from the president over his decision to step aside from a probe into Russian interference in the 2016 election.

    He was replaced by a loyalist, casting into doubt the ability of Special Counsel Robert Mueller -- who had until now been insulated from White House interference -- to complete the investigation.

    The dollar clawed back slightly after Wednesday's sell-off, which came on the back of lower expectations of more tax cuts.

    The greenback edged up against its major peers, with the pound continuing to gain support from hopes London and Brussels can hammer out a post-Brexit agreement as a deadline looms.

    Oil prices remained subdued after data showing a surge in US stockpiles but they have been given support from reports OPEC will reduce output again next year.

    The cartel had started opening the taps again this year after a long-running cap agreement with Russia, which had boosted prices, ended.

    But with production now rising globally again -- and the Iran sanctions seemingly having little impact owing to US waivers -- Bloomberg News said ministers meeting in Abu Dhabi this weekend were considering the reduction.

    "Saudi Arabia and Russia have increased production, and prices have come down $15 a barrel," Hossein Kazempour Ardebili, Iran’s representative to OPEC, said. "They have over-balanced the market" and have no choice but to cut about 1 million barrels a day.

    - Key figures around 0230 GMT -

    Tokyo - Nikkei 225: UP 1.9 percent at 22,509.10 (break)

    Hong Kong - Hang Seng: UP 0.8 percent at 26,357.56

    Shanghai - Composite: UP 0.4 percent at 2,652.33

    Euro/dollar: DOWN at $1.1432 from $1.1434 at 2200 GMT

    Pound/dollar: DOWN at $1.3125 from $1.3130

    Dollar/yen: UP at 113.66 yen from 113.53 yen

    Oil - West Texas Intermediate: UP 10 cents at $61.77

    Oil - Brent Crude: UP six cents at $72.98 per barrel

    New York - Dow: UP 2.1 percent at 26,180.30 (close)

    London - FTSE 100: UP 1.1 percent at 7,117.28 (close)
    PANTOMATH
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    Asian markets rally as investors see positive in US gridlock Empty Re: Asian markets rally as investors see positive in US gridlock

    Post by PANTOMATH Thu Nov 08, 2018 11:33 pm

    CSE is not in the Asia
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    serene
    Top contributor
    Top contributor


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    Asian markets rally as investors see positive in US gridlock Empty Re: Asian markets rally as investors see positive in US gridlock

    Post by serene Fri Nov 09, 2018 8:02 am

    PANTOMATH wrote:CSE is not in the Asia
    It is the wonder of the asia. Very Happy

      Current date/time is Tue Jun 25, 2024 11:41 pm