Thu 7 Dec 2017


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  • Today at the stock market Opinion
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  • flag_japan Japan Update
  • flag_china China Update
  • Today at the stock market

    bull/bearWall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica also worked up a sweat.

    • The S&P 500 index rose 0.29% to 2,636.98.
    • The Dow Jones Industrial Average rose 0.29% to 24,211.48
    • The Nasdaq Composite index rose 0.54% to 6,812.84
    • Nine of the 11 major S&P 500 sectors were higher, with industrial and materials indexes leading the gainers.
    • Advancing issues outnumbered declining ones on the NYSE by a 1.70-to-1 ratio; on Nasdaq, a 1.75-to-1 ratio favored advancers.
    • About 6.4 billion shares changed hands on U.S. exchanges, below the 6.6 billion daily average for the past 20 trading days, according to Thomson Reuters data.

    Tax Bill and Debt Limit

    Strong earnings and expectations of corporate tax cuts promised by President Donald Trump have pushed stocks up to record levels this year.

    The Senate Republicans on Wednesday agreed to talks with the House of Representatives on the tax bill amid early signs that lawmakers could agree on a final bill ahead of a self-imposed 22 Dec 2017 deadline.

    Thursday’s stock gains suggested investors were not overly worried about a deadline on Friday night faced by Trump and Congress to pass fresh spending legislation. If they cannot agree on the terms, parts of the federal government could shut down.

    “Market participants are looking past the government shutdown. It’s a risk-on mood through the last trading session. That will continue into the weekend,” said Chad Morganlander, portfolio manager at Washington Crossing Advisors in Florham Park, New Jersey.

    Technology

    Facebook rose 2.31%, while Google parent-company Alphabet added 1.23%, helping the S&P 500 end higher after the index lost ground for 4 straight sessions.

    “Technology once again is leading the way here,” said Peter Cardillo, chief market economist at First Standard Financial in New York. The top-performing sector this year, the S&P 500 information technology index had fallen nearly 3% since 28 Nov 207, with some investors cautious about high earnings multiples.

    Other sectors

    Lululemon rose 6.43% after the Canadian apparel maker reported a higher-than-expected profit and gave an upbeat holiday season forecast.

    General Electric increased about 0.3% after the industrial conglomerate said it was cutting 12,000 jobs at its global power business.Reuters

    NASDAQ Report

    Thursday’s session closed with the NASDAQ Composite Index at 6,812.84. The total shares traded for the NASDAQ was over 2.01 billion.

    Advancers stocks led declining by 1.74 to 1 ratio. There were 1,892 advancers and 1,088 decliners for the day. On the NASDAQ Stock Exchange 40 stocks reached a 52 week high and 23 reached 52 week lows.NASDAQ Most Active Stocks

    Market indices

    Index Ticker Today Change 31 Dec 16 YTD
    S&P 500 SPX (INX) 2,636.98 +0.29% 2,238.83 +17.78%
    DJIA INDU 24,211.48 +0.29% 19,762.60 +22.51%
    NASDAQ IXIC 6,812.84 +0.53% 5,383.12 +26.55%

    Portfolio Indices

    USD and AUD denominated indices over the past 52 weeks (Chart: Bunting)
    ^ USD and AUD denominated indices over the past 52 weeks Chart: Bunting

    Index values

    Index Currency Today Change 31 Dec 16 YTD
    USD-denominated Index USD 3.059 +0.50% 2.105 +45.32%
    Valuation Rate USD/AUD 0.75635 -0.66% 0.72663 +4.09%
    AUD-denominated Index AUD 4.045 +1.15% 2.895 +39.70%

    Portfolio stock prices

    Stock Ticker Today Change 31 Dec 16 YTD
    Alphabet A GOOGL $1,044.57 +1.14% $792.45 +31.81%
    Alphabet C GOOG $1,030.93 +1.23% $771.82 +33.57%
    Apple AAPL $169.32 +0.18% $115.82 +46.19%
    Amazon AMZN $1,159.79 +0.64% $749.87 +54.66%
    Ebay EBAY $36.85 +0.05% $29.69 +24.11%
    Facebook FB $180.14 +2.31% $115.05 +56.57%
    PayPal PYPL $73.69 +0.75% $39.47 +86.69%
    Twitter TWTR $21.01 -0.38% $16.30 +28.89%
    Visa V $111.40 +1.51% $78.02 +42.78%
    VMware VMW $117.22 +0.47% $78.73 +48.88%

    FX: USD/AUD

    USD

    DXY movements
    ^ Bloomberg Dollar Spot Index (DXY) movements today (mouseover for 12 month view) Chart: Bloomberg

    The Bloomberg Dollar Spot Index (DXY) rose 0.3% to the highest in more than 2 weeks.
    The EUR fell 0.2% to $1.1776
    Britain’s GBP rose 0.7% to $1.3481.
    Japan’s JPY decreased 0.7% to 113.07/USD.
    Bloomberg

    AUD

    AUD movements
    ^ AUD movements against the USD today (mouseover for 12 month view) Chart: xe.com

    Oil and Gas Futures

    Futures prices

    Prices are as at 15:48 ET

    • NYMEX West Texas Intermediate (WTI): $56.62/barrel +1.18% Chart
    • ICE (London) Brent North Sea Crude: $64.12/barrel +1.47% Chart
    • NYMEX Natural gas futures: $2.76/MMBTU -5.54% Chart

    flag_australia AU: International Trade in Goods and Services, Australia. Oct 2017

    shipinfog

    Press Release Extract [ser_45]

    Balance on Goods and Services

    In trend terms, the balance on goods and services was a surplus of $644m in October 2017, a decrease of $112m on the surplus in September 2017.

    In seasonally adjusted terms, the balance on goods and services was a surplus of $105m in October 2017, a decrease of $1,499m on the surplus in September 2017.

    Credits (Exports of Goods and Services)

    In seasonally adjusted terms, goods and services credits fell $903m (3%) to $31,871m. Non-rural goods fell $1,074m (5%) and rural goods fell $85m (2%). Non-monetary gold rose $362m (24%) and net exports of goods under merchanting rose $12m (25%). Services credits fell $118m (2%).

    Debits (Imports of Goods and Services)

    In seasonally adjusted terms, goods and services debits rose $596m (2%) to $31,766m. Intermediate and other merchandise goods rose $385m (4%), consumption goods rose $197m (2%) and non-monetary gold rose $16m (4%). Capital goods fell $120m (2%). Services debits rose $119m (2%).

    Aug 2017 Sep 2017 Oct 2017 Change
    EXPORTS of goods and services (Credits)
    Trend estimates $32,225m $32,122m $32,073m -0%
    Seasonally adjusted $31,916m $32,774m $31,871m -3%
    IMPORTS of goods and services (Debits)
    Trend estimates $31,325m $31,366m $31,429m +0%
    Seasonally adjusted $31,106m $31,170m $31,766m +2%
    BALANCE on goods and services
    Trend estimates +$901m +$756m +$644m -15%
    Seasonally adjusted +$810m +$1,604m +$105m -93%

    Australian Bureau of Statistics, “5368.0 – International Trade in Goods and Services, Australia, Oct 2017“, 7 Dec 2017 More

    flag_europe EU: GDP. Q3/2017

    Press Release Extract [ser_eu_gdp]

    Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, compared with the previous quarter. In the second quarter of 2017, GDP grew by 0.7% in both areas.

    Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.6% in both the euro area and the EU28 in the third quarter of 2017, after +2.4% in both zones in the second quarter of 2017.

    During the third quarter of 2017, GDP in the United States increased by 0.8% compared with the previous quarter (after also +0.8% in the second quarter of 2017). Compared with the same quarter of the previous year, GDP grew by 2.3% (after +2.2% in the second quarter of 2017).

    eu_gdp_20171207

    GDP growth by Member State

    Among Member States for which data are available for the third quarter of 2017, Romania (+2.6%), Malta (+1.9%), Latvia (+1.5%) and Poland (+1.2%) recorded the highest growth compared with the previous quarter, while GDP decreased in Denmark (-0.6%) and remained almost stable in Lithuania (+0.1%).

    eu_gdp_states_20171207

    GDP components and contributions to growth

    During the third quarter of 2017, household final consumption expenditure rose by 0.3% in the euro area and by 0.5% in the EU28 (after +0.5% in both zones in the previous quarter). Gross fixed capital formation increased by 1.1% in both zones (after +2.2% in the euro area and +2.0% in the EU28). Exports rose by 1.2% in the euro area and by 0.9% in the EU28 (after +1.0% and +1.1%). Imports increased by 1.1% in the euro area and by 1.0% in the EU28 (after +1.7% and +1.4%).

    Household final consumption expenditure had a positive contribution to GDP growth in both the euro area and the EU28 (+0.2 and +0.3 percentage points – pp, respectively) as had gross fixed capital formation (+0.2 pp in both zones). The contribution of the external balance to GDP growth was slightly positive for the euro area and neutral for the EU28. The contribution of changes in inventories was positive for both zones.“

    Eurostat, “GDP and main aggregates estimate for the third quarter of 2017: GDP up by 0.6% in both the euro area and the EU28, +2.6% in both zones compared with the third quarter of 2016“, 7 Dec 2017 More

    flag_europe EU: Tax/GDP 2016

    Press Release Extract [ser_eu_tax]

    The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of GDP, stood at 40.0% in the European Union (EU) in 2016, an increase compared with 2015 (39.7%). In the euro area, tax revenue accounted for 41.3% of GDP in 2016, slightly up from 41.2% in 2015. The tax-to-GDP ratio is therefore on the increase again in both zones after a slight decline recorded in the previous year.

    eu_tax_20171207

    Highest tax-to-GDP ratio in France, Denmark and Belgium

    The tax-to-GDP ratio varies significantly between Member States, with the highest share of taxes and social contributions in percentage of GDP in 2016 being recorded in France (47.6%), Denmark (47.3%) as well as Belgium (46.8%), followed by Sweden (44.6%), Finland (44.3%), Austria and Italy (both 42.9%) as well as Greece (42.1%). At the opposite end of the scale, Ireland (23.8%) and Romania (26.0%), ahead of Bulgaria (29.0%), Lithuania (30.2%), Latvia (31.6%) and Slovakia (32.4%) registered the lowest ratios.

    eu_tax_states_20171207

    Largest growth of tax-to-GDP ratio in Greece, largest decrease in Romania

    Compared with 2015, the tax-to-GDP ratio increased in a majority of Member States in 2016, with the largest rise being observed in Greece (from 39.8% in 2015 to 42.1% in 2016), ahead of the Netherlands (from 37.8% to 39.3%) and Luxembourg (from 38.4% to 39.6%). In contrast, decreases were recorded in nine Member States, notably in Romania (from 28.0% in 2015 to 26.0% in 2016), Austria (from 43.8% to 42.9%) and Belgium (from 47.6% to 46.8%).

    Highest ratio of taxes on production and imports in Sweden, of taxes on income and wealth in Denmark and of net social contributions in France

    Looking at the main tax categories, a clear diversity prevails across the EU Member States. In 2016, the share of taxes on production and imports was highest in Sweden (where they accounted for 22.6% of GDP), Croatia (19.6%) and Hungary (18.3%), while they were lowest in Ireland (8.7%), Slovakia (10.8%) and Germany (10.9%).

    eu_tax_growth_states_20171207

    For taxes related to income and wealth, the highest share by far was registered in Denmark (30.0% of GDP), ahead of Sweden (18.8%), Finland (16.5%) and Belgium (16.3%). In contrast, Bulgaria (5.4%), Lithuania (5.7%), Romania (6.5%) and Croatia (6.6%) recorded the lowest taxes on income and wealth as a percentage of GDP. Net social contributions accounted for a significant proportion of GDP in France (18.8%), Germany (16.7%) and Belgium (16.1%), while the lowest shares were observed in Denmark (1.0% of GDP) and Sweden (3.3%).

    In 2016, taxes on production and imports made up the largest part of tax revenue in the EU (accounting for 13.6% of GDP), closely followed by net social contributions (13.3%) and taxes on income and wealth (13.0%). The ordering of tax categories was slightly different in the euro area. The largest part of tax revenue came from net social contributions (15.3%), ahead of taxes on production and imports (13.2%) and taxes on income and wealth (12.6%).

    Eurostat, “Taxation in 2016: The tax-to-GDP ratio slightly up in both the EU and the euro area: A one-to-two ratio across Member States“, 7 Dec 2017 More

    flag_usa US: Unemployment Insurance Weekly Claims

    Press Release Extract [ser_4]

    Seasonally Adjusted Data

    insurance

    In the week ending December 2, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 2,000 from the previous week’s unrevised level of 238,000. The 4-week moving average was 241,500, a decrease of 750 from the previous week’s unrevised average of 242,250.

    Claims taking procedures continue to be disrupted in the Virgin Islands. Claims taking process in Puerto Rico has still not returned to normal.

    unemployment

    The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending November 25, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 25 was 1,908,000, a decrease of 52,000 from the previous week’s revised level. The previous week’s level was revised up 3,000 from 1,957,000 to 1,960,000. The 4-week moving average was 1,912,750, an increase of 1,000 from the previous week’s revised average. The previous week’s average was revised up by 750 from 1,911,000 to 1,911,750.

    Unadjusted Data

    The advance number of actual initial claims under state programs, unadjusted, totaled 325,762 in the week ending December 2, an increase of 100,883 (or 44.9 percent) from the previous week. The seasonal factors had expected an increase of 103,974 (or 46.2 percent) from the previous week. There were 351,580 initial claims in the comparable week in 2016.

    The advance unadjusted insured unemployment rate was 1.4 percent during the week ending November 25, an increase of 0.3 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,948,316, an increase of 333,380 (or 20.6 percent) from the preceding week. The seasonal factors had expected an increase of 386,095 (or 23.9 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 2,070,694.

    The total number of people claiming benefits in all programs for the week ending November 18 was 1,647,426, a decrease of 113,775 from the previous week. There were 1,785,900 persons claiming benefits in all programs in the comparable week in 2016.

    Extended benefits were available in Alaska during the week ending November 18.

    Initial claims for UI benefits filed by former Federal civilian employees totaled 1,005 in the week ending November 25, a decrease of 687 from the prior week. There were 451 initial claims filed by newly discharged veterans, a decrease of 272 from the preceding week.

    There were 11,522 former Federal civilian employees claiming UI benefits for the week ending November 18, a decrease of 2,322 from the previous week. Newly discharged veterans claiming benefits totaled 8,145, a decrease of 954 from the prior week.

    The highest insured unemployment rates in the week ending November 18 were in Alaska (3.4), Puerto Rico (3.2), the Virgin Islands (2.6), New Jersey (2.1), Connecticut (1.8), Montana (1.8), Massachusetts (1.7), Pennsylvania (1.7), Nevada (1.6), and Washington (1.6).

    The largest increases in initial claims for the week ending November 25 were in Wisconsin (+3,098), Massachusetts (+1,857), Vermont (+530), Idaho (+382), and Nebraska (+371), while the largest decreases were in California (-15,058), Texas (-5,089), Missouri (-3,966), Puerto Rico (-3,866), and New York (-3,660).

    Employment and Training Administration, “Unemployment Insurance Weekly Claims Report“, 7 Dec 2017 (08:30) More

    flag_usa US: Quarterly Services Survey. Q3/2017

    Press Release Extract [ser_us_services]

    Selected Services Total

    U.S. selected services total revenue for the third quarter of 2017, not adjusted for seasonal variation or price changes, was $3,717.6 billion, an increase of 1.1 percent (± 0.2 percent) from the second quarter of 2017 and up 5.2 percent (± 3.2 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of 1.2 percent (± 0.4 percent).

    Information

    U.S. information sector revenue for the third quarter of 2017, adjusted for seasonal variation but not for price changes, was $391.2 billion, an increase of 1.8 percent (± 0.6 percent) from the second quarter of 2017 and up 5.8 percent (± 3.8 percent) from the third quarter of 2016. The first quarter of 2017 to second quarter of 2017 percentage change was revised from 1.4 percent (± 0.6 percent) to 1.2 percent (± 0.6 percent).

    Professional, scientific, and technical services

    U.S. professional, scientific, and technical services revenue for the third quarter of 2017, adjusted for seasonal variation but not for price changes, was $442.1 billion, virtually unchanged (± 1.1 percent) from the second quarter of 2017 and up 1.4 percent (± 5.9 percent) from the third quarter of 2016. The first quarter of 2017 to second quarter of 2017 percentage change was revised from 0.5 percent (± 1.3 percent) to -0.1 percent (± 1.1 percent).

    Administrative and support and waste management and remediation services

    U.S. administrative and support and waste management and remediation services revenue for the third quarter of 2017, adjusted for seasonal variation but not for price changes, was $238.9 billion, an increase of 1.2 percent (± 1.1 percent) from the second quarter of 2017 and up 8.5 percent (± 6.4 percent) from the third quarter of 2016. The first quarter of 2017 to second quarter of 2017 percentage change was revised from 1.5 percent (± 0.9 percent) to 2.1 percent (± 1.5 percent).

    Utilities

    U.S. utilities revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $156.4 billion, an increase of 14.2 percent (± 3.8 percent) from the second quarter of 2017 and up 1.3 percent (± 9.7 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of 13.9 percent (± 3.8 percent).

    Transportation and warehousing

    U.S. transportation and warehousing revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $233.0 billion, an increase of 0.3 percent (± 0.9 percent)* from the second quarter of 2017 and up 3.1 percent (± 7.2 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of 0.2 percent (± 1.1 percent).

    Finance and insurance

    U.S. finance and insurance revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $1,147.9 billion, an increase of 1.1 percent (± 0.4 percent) from the second quarter of 2017 and up 6.1 percent (± 9.5 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of 1.4 percent (± 0.4 percent).

    Real estate and rental and leasing

    U.S. real estate and rental and leasing revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $178.0 billion, an increase of 1.3 percent (± 1.1 percent) from the second quarter of 2017 and up 6.5 percent (± 10.4 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of 1.2 percent (± 1.3 percent).

    Educational services

    U.S. educational services revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $17.6 billion, a decrease of 1.9 percent (± 3.8 percent) from the second quarter of 2017 and up 9.0 percent (± 8.5 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of -1.7 percent (± 3.2 percent).

    Health care and social assistance

    U.S. health care and social assistance revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $632.0 billion, a decrease of 0.3 percent (± 0.4 percent) from the second quarter of 2017 and up 4.6 percent (± 3.2 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of -0.4 percent (± 0.6 percent).

    Arts, entertainment, and recreation

    U.S. arts, entertainment, and recreation revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $73.2 billion, an increase of 7.8 percent (± 1.7 percent) from the second quarter of 2017 and up 9.6 percent (± 7.8 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of 8.7 percent (± 2.1 percent).

    Accommodation

    U.S. accommodation revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $66.5 billion, an increase of 0.4 percent (± 1.1 percent) from the second quarter of 2017 and up 3.0 percent (± 8.1 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of -0.4 percent (± 0.9 percent).

    Other services (except public administration)

    U.S. other services (except public administration) revenue for the third quarter of 2017, not adjusted for seasonal variation, or price changes, was $149.0 billion, an increase of 1.0 percent (± 4.7 percent) from the second quarter of 2017 and up 11.5 percent (± 7.2 percent) from the third quarter of 2016. The second quarter of 2017 to third quarter of 2017 percentage change was revised from the advance estimate of 0.4 percent (± 5.3 percent).

    US Census Bureau, “Quarterly Selected Services Estimates, Third Quarter 2017“, 7 Dec 2017 (10:00) More

    flag_usa US: Job Cuts. Nov 2017

    Press Release Extract [ser_us_jobcuts]

    U.S.-based employers announced 35,038 job cuts in November, up 30 percent from the same month last year, when 26,936 job cuts were announced. Employers have announced 17 percent more cuts than in October 2017, when 29,831 cuts were announced, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

    So far this year, 386,347 job cuts have been announced, 22 percent fewer than the 493,288 cuts announced through November 2016. This is the highest monthly total since April, when 36,602 cuts were announced. November caps the lowest year-to-date total since 376,057 cuts were announced through November 1997.

    “While job-cut announcements have remained low all year, major M&A activity, such as the CVS/Aetna deal and the possibility of Amazon buying generic pharmaceutical manufacturers, could lead to a spate of large-scale job-cut announcements to open 2018, especially at Pharmaceutical, Retail, and Health Care companies,” said John Challenger, Chief Executive Officer of Challenger, Gray & Christmas, Inc.

    In fact, companies in the Pharmaceutical sector have announced 13,254 job cuts so far this year, 48 percent more than the 8,981 cuts announced in the same period last year. Meanwhile, Retail continues to lead all industries in job cuts, with 74,665 cuts announced through November, a 28.8 percent increase from 2016, when the number of cuts reported through the same month was 57,969.

    Likewise, the Health Care sector announced 7,011 job cuts in November, bringing the year-to-date total to 38,145, a 123.9 percent increase from the 17,030 cuts announced through November 2016.

    The Services sector has announced the third highest number of cuts behind Retail and Health Care this year, with 32,836, 3,920 of which occurred in November. That is 243 percent more cuts than the 9,584 announced in the same period last year.

    Industrial manufacturing has announced 19,986 cuts in 2017, 37 percent fewer than the 31,656 cuts announced through November last year. Consumer Products companies announced 59.2 percent more job cuts since last year, with a total of 15,985 payroll cuts announced this year, compared to 10,035 recorded through November last year.

    Meanwhile, holiday hiring announcements are slightly behind last year’s totals. Companies have announced 608,129 seasonal hires so far this year, 2 percent fewer than the 620,700 announced last year, according to Challenger tracking.

    However, total hiring announcements reached 1,092,436, the highest number on record.
    “Employers have reported a lack of skilled workers to fill demand in many industries. In this tight labor market, those with the requisite skills and training have a leg up over the competition,” said Challenger.

    “Opportunities exist for job seekers. It remains to be seen whether the recent tax reform bill will have a significant impact on job growth or announced cuts. It may make it easier for companies to combine, which generally leads to eliminating redundancies,” added Challenger.

    Challenger, Gray & Christmas, Inc, “2017 November Job Cut Report: Cuts Jump 17 Percent“, 7 Dec 2017 More

    flag_japan Japan update

    Currency: USD/JPY

    JPY movements
    ^ JPY movements against the USD over the past month (mouseover for inverse) Chart: xe.com

    Stockmarket: Nikkei 225

    N225 movements
    ^ Nikkei N225 movements over the past week Chart: Google Finance

    flag_china China update

    Currency: USD/CNY

    CNY movements
    ^ CNY movements against the USD over the past month (mouseover for inverse) Chart: xe.com

    Stockmarket: CSI300

    CSI300 movements
    ^ Shanghai CSI300 movements over the past week Chart: Google Finance