Asia stocks up as China PMI, U.S. data cheer markets worried over coronavirus surge

TOKYO/NEW YORK - Asian shares rose on Tuesday after data showed China’s manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis.

Sentiment in the region, which got a boost from overnight gains on Wall Street thanks to strong housing data, got a further lift from a survey in China showing a quickening in activity in its vast factory sector. “Overnight moves in markets were not large but one does get the distinct impression that markets have got it both ways – with equities rallying on rebounding data and bonds rallying on dismal COVID-19 news,” said ANZ Research analyst Rahul Khare.

China’s official purchasing managers’ index released Tuesday showed factory activity in the world’s second-largest economy grew for a fourth straight month in June. China’s services sector PMI also expanded at a faster pace compared to the previous month.

ken and karen st louis | McCloskey St. Louis Couple Pull Guns on Protesters

Markets now backward looking again and ignoring forward impacts of shutdowns, got it!

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stocks in Asia Pacific set to rise ahead of China manufacturing data releaseStocks in Asia Pacific were set to open higher on Tuesday as investors await the release of China's official manufacturing Purchasing Manager's Index.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Asia stocks slip as coronavirus cases surgeAsian share markets got off to a shaky start on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the U.S. dollar. Not only stocks, democracy and and justice slip in Asia- India stopwitchhuntingstudents stoptargetingmuslims
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

Asia stocks wary as coronavirus threatens economic reopeningAsian share markets began the week with a cautious tone on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the U.S. dollar. The virus is done and poses no real threat at this point! Get over it and start living life! Looks like divesting in gold is the answer at the moment
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »