Picture used for illustrative purpose. File
Gulf Today Report
Asian stocks mixed on Tuesday following a rally in Wall Street that indicated optimism for the economic recovery.
Japan's benchmark Nikkei 225 lost early gains and fell 1.3% to finish at 29,696.63.
Australia's S&P/ASX 200 was up 0.8% at 6,885.90. South Korea's Kospi edged up 0.2% to 3,126.72. The Shanghai Composite inched up less than 0.1% to 3,486.22. Hong Kong trading was closed for Easter.
In Japan, Yoshimasa Maruyama, chief market economist at SMBC Nikko, said there has been a gradual recovery in the Japanese economy recently.
He said a rebound was marked in electronics because of households consuming electronics goods, as the pandemic had squelched people's spending on services.
Meanwhile, Japanese medical experts are warning the public to get ready for a “fourth wave” of COVID-19.
European stocks surge on Tuesday after the long Easter holiday weekend.
London's benchmark FTSE 100 index rallied 1.1 per cent to 6,810.47 points, Frankfurt's DAX 30 index won 0.8 per cent to 15,223.24 points and the Paris CAC 40 advanced 0.4 per cent to 6,129.53, compared with last Thursday's closing levels.
Investor analyst Richard Hunter said, "today is the first chance for European markets to react to this fresh wave of optimism after an extended weekend, and indeed to the possibility that global economies will be lifted by a recovery which is expected to be led by the US in the first instance."
The pan-European STOXX 600 fell 0.7% by 08:10 GMT, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%, on Wall Street, the Dow slumped 1.16%.
Tokyo is leading the Asian market with gains jumping 1.7 per cent while Sydney piled on 0.9 per cent. Euro Stoxx 50 futures fell 0.9% at 06:56 GMT, while German DAX futures shed 0.7% and UK's FTSE futures lost 0.5%.
Japan's Nikkei 225 surged 1.9% to 24,794.44. Australia's S&P/ASX 200 added 1.6% to 6,291.10. In Europe, Stoxx 50 futures were up 1.5% by 06:40 GMT, while German DAX futures and London's FTSE futures gained 1.6% and 1.3%, respectively.
Arabian Travel Market (ATM) has announced that the final preparation of their 2021 edition annual showcase are underway, with the event set to take place in-person at the Dubai World Trade Centre (DWTC) on 16th May and conclude on 19th May, 2021, as
Goldman Sachs Group Inc on Wednesday easily beat Wall Street expectations for first-quarter profit, as the US investment bank capitalized on record levels of global dealmaking activity and a coronavirus-driven boom in stock market trading.
British workers’ average hourly output rose by 0.4 per cent last year, despite a fall of nearly 10 per cent in total production due to the coronavirus pandemic, as lower-paid jobs bore the brunt of COVID lockdown measures. Britain’s Office for National Statistics