Turkey stocks head south at close of trade
On Friday, Turkey stocks headed south after the close due to the fact losses in the Tourism, Transport, and Real Estate Investments sectors led shares down…
American futures head south on resumed trade war worries
On Thursday, American futures declined because trade worries resumed and market participants awaited a bunch of revenue releases.
The S&P 500 futures headed south by 0.64% being worth 2,792.75. Dow futures slumped by 0.71% coming up with an outcome of 25,110.0. Simultaneously, tech heavy Nasdaq 100 futures went down by 0.76% reaching 7,222.0.
Trade uncertainty kept putting pressure on market participants’ minds after news that the White House intends to come up with 25% duty instead of the initial 10% on $200 billion of imported China’s products. The two major economies of the world have been in a fierce trade conflict for the last few months that has put pressure on financial markets.
China told that it wouldn’t respond if America keeps imposing fresh trade tariffs. As a matter of fact, the Chinese Yuan approached a one-year minimum because of trade war worries. The currency pair USD/CNH rallied by 0.45% being worth 6.8553.
Meanwhile, Tesla managed to ascend by 8.36% during pre-market trade having posted higher than anticipated profit and in the face of apologies from CEO Elon Musk for his previous misconduct.
At the same time, Ferrari added 3.88%, Logitech International SA jumped by 2.20%.
Besides this, Apple slumped by 0.84%. In addition to this, Microsoft declined by 1.11%, Boeing edged down by 0.64%.
Meanwhile, European equities generally slumped. The DAX headed south by 1.71% in Germany, France’s CAC 40 inched down by 0.79%. The FTSE 100 slumped by 1.31%. Additionally, the Euro Stoxx 50 edged down by approximately 1.25%. The IBEX 35 went down by 1.25%.
Moreover, gold futures inched down by 0.23% hitting $1,224.80 a troy ounce. At the same time, crude futures lost approximately 0.84% reaching $67.09 a barrel.
Assessing the US currency’s purchasing potential versus a group of its main counterparts, the USD index managed to gain 0.31% trading at 94.75.
Similar
Asian stocks drift away from nine-month maximum
On Thursday, Asian stocks went down after losses on Wall Street, although trade was subdued due to the fact that market participants waited for business polls in the European Union and were mostly on the sidelines ahead of the long Easter weekend holiday…
Wall Street is intact
On Wednesday, Wall Street's key indexes stood still because a Qualcomm-led soar in chipmakers was compensated by a dive in healthcare shares for the second straight trading marathon, although quarterly gains came in largely positive…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
