Sunday, December 6, 2015

OVERNIGHT

 Reuters's reports that Asian share markets bounced on Monday after Wall Street welcomed an upbeat U.S. jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade.

Oil prices were near their lowest since 2009 in the wake of the Organization of the Petroleum Exporting Countries' decision to keep production high despite depressed demand.

Equity investors in Asia were also wary ahead of a bevy of Chinese data which are expected to show a still sluggish economy. Trade figures are due on Tuesday, followed by inflation on Wednesday and industrial output and retail sales on Saturday.

Japan's Nikkei .N225 led the way with a 1.2 percent gain, while Australian stocks managed only 0.1 percent. The CSI300 index .CSI300 of the largest listed companies in Shanghai and 

Shenzhen started soft before inching up 0.2 percent.

The WSJ is reporting Investors are taking positions ahead of gauges of Chinese inflation, trade, retail sales and industrial production within the next week.

After a shaky start, Chinese markets advanced later in the morning, with the Shanghai 

Composite up 0.4% and the smaller Shenzhen market jumping 1.2%.

The Hang Seng China Enterprises Index, which tracks Chinese companies with offshore listings, was last up 0.3% after briefly turning negative in the morning.

Reuters' is reporting these results fron Sunday's Venezuelan elections.

Venezuela's opposition won control of the legislature from the ruling Socialists for the first time in 16 years on Sunday, giving them a long-sought platform to challenge President Nicolas Maduro.Election board head Tibisay Lucena said the opposition Democratic Unity coalition won 99 seats to the Socialists' 46 in the 167-national National Assembly with some districts still to be counted.When she finished speaking, fireworks went off in pro-opposition districts of Caracas.
Maduro, 53, quickly acknowledged the defeat, the worst for the ruling "Chavismo" movement since its founder Hugo Chavez took power in the South American OPEC nation in 1999.
















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