MarketWatch - 29 minutes ago
China's manufacturing activity is contracting in May after months of slowing growth, preliminary HSBC data show, with the result slamming stocks.
MarketWatch - 9:57 PM ET
LOS ANGELES (MarketWatch) -- China's manufacturing activity was contracting in May, according to preliminary data released Thursday, as HSBC's "flash" Purchasing Managers' Index fell to a seven-month low of 49.6 from April's final reading of 50.4. A result below 50 signals contraction. Both the new orders and new export orders sub-indexes registered decreases in the preliminary survey, which generally includes 85%-90% of the total survey responses used for the final reading. Hong Kong's Hang Seng Index traded 1% lower, while the Australian dollar fell to 96.34 U.S. cents from 96.62 U.S. cents ahead of the data.
MarketWatch - 9:38 PM ET
HONG KONG (MarketWatch) -- Hong Kong stocks dropped early Thursday as concerns that the Federal Reserve was considering winding down its bond purchases weighed on sentiment, with investors also cautious ahead of a preliminary reading on Chinese manufacturing activity in May. The Hang Seng Index lost 0.9% to 23,051.27 and the Hang Seng China Enterprises Index gave up 0.9% to 10,952.08. Financial stocks paced the drop, with heavyweights HSBC Holdings PLC , China Construction Bank Corp. and AIA Group Ltd. shedding 0.8%, 1.2% and 1.3%, respectively. Among other notable decliners, food-product makers Tingyi Cayman Islands Holding Corp. and Want Want China Holdings Ltd. fell 2.3% and 2.2%, respectively. China's Shanghai Composite eased 0.4%, ahead of the HSBC flash Purchasing Managers' Index for May, which is expected to show a mild and steady improvement in activity during the month.
MarketWatch - 9:30 PM ET
Australian and South Korean stocks drop on worries the Federal Reserve could downscale its bond purchases, while Japanese shares march to fresh multiyear highs as several exporters get a lift from the weakened yen.
MarketWatch - 9:14 PM ET
A little light reading to distract you from the cracks in your ceiling.
MarketWatch - 8:32 PM ET
LOS ANGELES (MarketWatch) - Stocks in Australia slipped Thursday, with miners and banks lower as investors awaited monthly data about manufacturing-sector activity in China, Australia's largest trading partner. The S&P/ASX 200 lost 0.4%, pressured by a decline of 2.8% in shares of gold producer Newcrest Mining Ltd. and a fall of 1.1% in shares of Fortescue Metals Group Ltd. . Shares of BHP Billiton Ltd. swung between minor losses and gains. Among major banks, stock in Australia & New Zealand Banking Group fell 1.7%, heading for its fourth consecutive decline, and Commonwealth Bank of Australia gave up 1.5%. But shares of James Hardie Industries PLC were up 2% after the home siding maker of 24 U.S. cents a share, and said it foresees sustainable recovery in U.S. housing.
MarketWatch - 8:23 PM ET
HONG KONG (MarketWatch) -- Japanese stocks on Thursday sidestepped concerns that the U.S. Federal Reserve may downscale its monetary stimulus to rise further toward multiyear highs, with a weakened yen giving several exporters a lift and offsetting losses in banks. The Nikkei Stock Average rose 0.7% after ending at a fresh high since December 2007 in each of the last four trading days, while the broader Topix was up a more modest 0.2%. Canon Inc. jumped 3.4%, Fast Retailing Co. gained 2.9% and Fanuc Corp. added 1% as the dollar traded above ¥103. Those gains outweighed a 1.4% drop for Sumitomo Mitsui Trust Holdings Inc. and a 1.9% fall for Shinsei bank Ltd. after a lower finish on Wall Street overnight. Toyota Motor Corp. rose 0.6% after the Nikkei reported it has decided to raise its production goal in the fiscal first half ending Sept. 30. Komatsu Ltd. climbed 0.9% after a separate Nikkei report said it plans to raise its capital levels by boosting profits and repaying debt.
MarketWatch - 6:53 PM ET
H-P exceeds earnings expectations even though the tech giant posted a drop in profit and sales. Shares rally more than 13%, though CEO Meg Whitman said '"we still have a long way to go" in turnaround.
Briefing.com - 6:36 PM ET
Co announced the pricing of the previously announced public offering of 15,000,000 shares of common stock by affiliates of The Carlyle Group (CG), at a price to the public of $16.00 per share. Upon completion of the offering, Carlyle will beneficially own approximately 41.0% of the outstanding common stock of Wesco Aircraft. The offering is expected to close and settle on May 29, 2013. Carlyle and...
MarketWatch - 6:25 PM ET
A May 22 First Take by MarketWatch misstated the fiscal quarter for Hewlett-Packard. The story has been corrected.