Asian stocks swung between gains and losses as the region’s benchmark equity index headed toward its biggest quarterly gain since 2010. Japanese manufacturers slid after the nation’s industrial production unexpectedly fell and investors waited for U.S. data on income and spending.
Industrial & Commercial Bank of China Ltd., the world’s most profitable lender, climbed 1.6 percent after posting earnings that exceeded estimates. Fanuc Corp. (6954), Japan’s biggest maker of factory robots, fell 2.3 percent. Sun Hung Kai Properties Ltd. (16), the world No. 2 real estate company, plunged 12 percent in Hong Kong after the firm’s co-chairmen were arrested in a corruption probe.
Gold price opens higher in Hong Kong
The gold price in Hong Kong went up 60 HK dollars to open at 11,130 HK dollars per tael on Monday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent to 1,2
AUD/USD – Struggling To Get Back Above 0.8650
Throughout most of last week the Australian dollar dropped sharply back through the support level at 0.8650 and 0.86 before finishing the week rallying higher and creeping back above the 0.8650 level
Saudi business optimism improves on strong GDP
Saudi business optimism in both the hydrocarbon and non-hydrocarbon sectors have brightened up in the fourth quarter of 2014 from the previous quarter, fueled, among others, by expectations that the