China's equites rallied on stimulus hopes

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Chinese equities rallied on Thursday amid hopes for easing measures in the US and China. On Wednesday, the Fed hinted that QE3 is highly possible in the nearest term as recovery of the US economy is slowing. At the same time, China's government is expected to announce easing measures as manufacturing activity may have shrunk further in August. The Hang Seng Index skyrocketed 1.23% to close at 20,132.24. All sectors included in the index surged. The biggest jump posted consumer goods and telecommunications. Want Want China Holdings and Li & Fung soared 4.06% and 1.10% while China Mobile and China Unicom Hong Kong climbed 1.51% and 4.00%. Lenders also followed bullish trend, with Bank of China and Bank of Communications rising 1.36% and 1.56%. Meanwhile, Bank of China reported a 5.1% increase in Q2 profits whereas PetroChina posted a 21% slump in quarterly earnings after the bell.

 

Back to articles

Actual Topics

Thu, 23 Aug 2012 12:19:53 GMT

Germany preliminary PMI Manufacturing rises in August

Germany's PMI Manufacturing preliminary reading posted a 45.1 increase in August, after 43.0 point reading in previous month, Markit reported on Thursday. Analysts forecast a rise to 43.5. PMI Services dropped to 48.3 points, after 50.3 points in July and below estimates of a decline to 50.0 points.

Thu, 23 Aug 2012 15:08:34 GMT

Inflation in South Africa decelerated strongly in July

The inflation in South Africa slowed more-than-expected in July, and speculations grew that nation's policy makers may cut the benchmark interest rate already for a second time in this year. The South African inflation rate reached a fourteen-month low, at a 4.9 per cent level, down from 5.5 per cent in the previous month.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.