Japanese Stocks Rise Amid Signs China Stabilizing Ahead of Fed

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Japanese stocks rose for the first time in four days after signs of stability in Chinese markets triggered a rebound in global equities as investors await a Federal Reserve update on U.S. monetary policy.
The Topix index climbed 0.5 percent to 1,637.23 as of 9:01 a.m. in Tokyo, with all but four of its 33 industry groups rising. The Nikkei 225 Stock Average added 0.4 percent to 20,408.54. The MSCI All Country World Index snapped a five-day losing streak on Tuesday.
Futures on the Standard & Poor’s 500 Index rose less than 0.1 percent. The underlying U.S. measure increased 1.2 percent on Tuesday after the Shanghai Composite Index pared losses of as much as 5.1 percent to close 1.7 percent lower. Strong earnings from Pfizer Inc. to Ford Motor Co. also pushed U.S. shares higher. Strength in equity markets helped crude oil rebound from a four-month low.
The Topix traded at 15.6 times estimated earnings on Tuesday, compared with a multiple of 17.7 for the S&P 500.
Japanese retail sales fell 0.8 percent in June from May, less than economists’ forecasts for a 0.9 percent drop, a government report showed Wednesday.
Source: Bloomberg

Saham Asia Naik Untuk Pertama Kalinya di Enam Hari Terakhir

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Saham Asia naik untuk pertama kalinya dalam enam hari terakhir, setelah naiknya saham AS dan Eropa, karena investor menunggu data terbaru terkait kebijakan moneter dari Federal Reserve.

Indeks MSCI Asia Pacific Index naik 0,4% menjadi 140,85 pada 09:02 pagi di Tokyo. Laba yang lebih baik dari estimasi pada Pfizer Co Ford Motor Co serta akksi merger antara perusahaan-perusahaan Eropa memicu reli di luar Asia pada Selasa, dengan indeks saham global menghentikan penurunan lima hari nya. Pedagang akan mengkaji pernyataan pasca pertemuan The Fed pada Rabu, karena para otoritas menilai kekuatan pertumbuhan ekonomi di tengah jatuhnya harga komoditas dan gejolak keuangan-pasar China.

Indeks Topix Jepang naik 0,5%. Fanuc Corp merosot 0,8% di Tokyo setelah menurunkan perkiraan keuntungan setahun penuh karena permintaan penurunan pada industri teknologi informasi.

Indeks S & P / ASX 200 Australia menguat 0,4% dan Indeks Kospi Korea Selatan naik 0,8%. Indeks NZX 50 Selandia Baru sedikit berubah.(yds)

Sumber: Bloomberg

U.S. Stocks Halt Worst Slide Since January on Earnings, China

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U.S. stocks rose, ending their longest losing streak since January, amid better-than-forecast earnings and as Chinese equities pulled back from a selloff.

The Standard & Poor’s 500 Index increased 1.2 percent to 2,093.26 at 4 p.m. in New York, as the gauge climbed to its average price during the past 100 days.

Chinese equities lost 1.7 percent today, after sinking as much as 5.1 percent. Shares tumbled 8.5 percent Monday amid weaker-than-expected economic data and concern that a three-week rally sparked by unprecedented government intervention is unsustainable.

The S&P 500 fell 2.9 percent in the previous five sessions as a Chinese stock rout spurred concern about the nation’s economic growth and some corporate earnings disappointed. The index has declined for four of the last five weeks and is up 1.5 percent this month, after nearly erasing its July gain yesterday.

Source: Bloomberg

Dollar Retreats From Four-Month High Before Feds Announcement

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The dollar retreated following its longest weekly rally of 2015 as a selloff in stocks and commodities fueled concern global growth will sag as the U.S. considers raising interest rates.

The U.S. currency weakened against most major peers amid renewed questions about whether the U.S. faces enough inflation pressure to warrant an increase in borrowing costs. The Federal Reserve meets this week to consider when to tighten monetary policy for the first time since 2006.

The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, declined 0.4 percent to 1,204.57 at 5 p.m. in New York, after rising to 1,212.78 on Friday, the highest since March 19. The gauge gained for the past five weeks, the longest stretch this year.

The dollar weakened 1 percent versus the euro to $1.1088. It earlier reached $1.1129 per euro, its weakest since July 13. The U.S. currency fell 0.5 percent to 123.25 yen.

Source: Bloomberg