Asia ex China gained, while China dropped, with investor sentiment bolstered by the positive cues overnight from Wall Street for a third straight session as upbeat corporate earnings results and U.S. economic data helped offset worries about U.S.-China trade tensions.
Global Markets: Asian Stock Markets : Nikkei down 0.79%, Shanghai Composite up 0.40%, Hang Seng down 0.05%, ASX up 0.47% Commodities : Gold at $1297.45 (-0.03%), Silver at $14.79 (-0.15%), Brent Oil at $72.08 (+0.43%), WTI Oil at $62.34 (+0.52%) Rates : US 10-year yield at 2.366, UK 10-year yield at 1.060, Germany 10-year yield … Continue reading Thursday 16th May: Asian markets mixed as trade situation continues to deteriorate
The US dollar, according to the US dollar index, largely disregarded the weaker-than-expected April retail sales report Wednesday, though eventually yielded to selling pressure on news US President Trump would delay tariffs on EU automobiles.
Global Markets: Asian Stock Markets : Nikkei up 0.58%, Shanghai Composite up 2.09%, Hang Seng up 0.96%, ASX up 0.71% Commodities : Gold at $1295.15 (-0.09%), Silver at $14.81 (-0.03%), Brent Oil at $71.07 (-0.24%), WTI Oil at $61.37 (-0.66%) Rates : US 10-year yield at 2.417, UK 10-year yield at 1.106, Germany 10-year yield … Continue reading Wednesday 15th May: Asian markets on the path of recovery
With Brexit talks between the Conservatives and Labour gridlocked, as well as easing concerns over US/China trade dispute and a mixed employment report out of the UK, the British pound remained on the defensive.
