Heading into the later phase of Thursday’s segment the market observed a modest recovery take shape, bolstered on the back of commentary from US President Trump stating it was still possible for the US and China to reach a deal this week.
Global Markets: Asian Stock Markets : Nikkei down 0.88%, Shanghai Composite down 0.82%, Hang Seng down 1.91%, ASX up 0.49% Commodities : Gold at $1283.15 (+0.14%), Silver at $14.85 (-0.09%), Brent Oil at $69.91 (-0.65%), WTI Oil at $61.74 (-0.61%) Rates : US 10-year yield at 2.469, UK 10-year yield at 1.134, Germany 10-year yield … Continue reading Thursday 9th May: Asian markets near 6 week lows as Sino-US trade situation escalates
The DXY, or US dollar index, retained its bid tone yesterday, though remains struggling to overthrow a weekly resistance positioned at 97.72.
Global Markets: Asian Stock Markets : Nikkei down 1.43%, Shanghai Composite down 0.75%, Hang Seng down 1.09%, ASX down 0.42% Commodities : Gold at $1288.45 (+0.22%), Silver at $14.96 (+0.25%), Brent Oil at $70.22 (+0.49%), WTI Oil at $61.87 (+0.77%) Rates : US 10-year yield at 2.464, UK 10-year yield at 1.159, Germany 10-year yield … Continue reading Wednesday 8th May: Trade woes continue to drag down Asian markets
US equities declined sharply Tuesday, as financial markets contended with the risk of an all-out trade war between China and the United States. The S&P 500 ended the session down 1.65%.
