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Asian stocks began the week on a positive note, after the US economy overcame fears of a slowdown early in the year and Chinese industrial profits rebounded.
China's CSI 300 rose 0.3% after posting its biggest weekly drop in six months last week, down 5.6%. The figures released this weekend show that Chinese industrial profits resumed their growth in March, up 13.9% year on year, after four consecutive months of decline. The official Purchasing Managers Index for the manufacturing sector will provide further clues about the impact of China's stimulus packages.
Hong Kong's Hang Seng Index rose 0.5% and the Kospi 0.7% in Seoul. Japanese markets are closed for the Golden Week holiday.
The Australian S & P / ASX 200 lost 0.6%, while the oil stock retreated 0.9%, with Brent falling below US $ 72 a barrel after Donald Trump asked Opec to lower its prices.
Wall Street closed at a record high on Friday with the S & P 500 ending up 0.5% after the US gross domestic product rose 3.2% from one year on the other to during the first three months of 2019.
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- Consumer confidence in the euro area
- Turkey economic confidence
- United Kingdom houses in the United Kingdom
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Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.
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