World shares go weak as dollar extends power surge
World shares ground to a halt on Thursday as the dollar scored its longest winning streak since a hot run in early October that helped set off a wave of global ‘bear’ markets. Some poor earnings and weak data out of Germany ensured Europe’s main bourses started lower and kept MSCI’s main index of world stocks heading for only its second two-day run of falls of the year so far. The extent of the current slowdown in the global economy was highlighted as India unexpectedly cut its interest rates and the euro got hit to $1.1346 by Germany’s fourth consecutive drop industrial output. Read More @ https://www.reuters.com/article/us-global-markets/world-shares-go-weak-as-dollar-extends-power-surge-idUSKCN1PW02P?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
Asian markets jump higher as oil prices gain
Asia-Pacific stocks mostly rose Thursday, supported by gains in energy companies and Chinese markets. Hong Kong’s China Enterprises Index HSCEI, -0.25% , made up of Chinese-based firms with listings in Hong Kong, climbed 2.1%, while the benchmark Hang Seng Index HSI, +0.21% rose 1.4%. Oil-related stocks helped fuel gains, as PetroChina 601857, +0.41% jumped 5.7% and peer Cnooc gained 4.4%. Australian energy stocks XEJ, +1.15% rose a further 0.7%, putting the month’s advance at 8.2%, on pace for the biggest monthly gain since 2011. Read More @ https://www.marketwatch.com/story/asian-markets-jump-higher-as-oil-prices-gain-2018-04-18
PSEI – Philippiens Stocks as predicted – has cleared the 8100 today; be ready for a pullback before any new rise.
We believe the market will consolidate tomorrow before any new rally is expected, however we are still very optimistic of PSEi – which purely based in fundamentals – the government spending and increased infrastructure projects all contributes to worst performing stock market in 2018 to a best market the next 5 years.
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