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Overnight Markets: US stocks gain on upbeat ISM data
by Himanshu Singh on May 06, 2014 at 04:35
But shares of B/E Aerospace (BEAV.O) jumped 9.3% after German aircraft seating maker Recaro said it was studying the possibility of buying B/E Aerospace assets after the US company announced a surprise review.
In Asia, shares gained on Tuesday in morning trade with trading volume curbed by holidays in Japan, Hong Kong and South Korea.
The MSCI Asia Pacific excluding Japan Index advanced 0.1% to 475 at 11:31 a.m. in Sydney. Australia’s S&P/ASX 200 Index added 0.3% today ahead of a central-bank decision on interest rates. China’s Shanghai Composite lost 0.2% and Taiwan’s Taiex index slipped 0.1%. Singapore’s Straits Times Index added 0.1% and New Zealand’s NZX 50 Index slid 0.4%.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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On the road
by Dylan Lobo on Jul 28, 2014 at 08:03