On Wednesday, a trio of Dow components backed the broader market following upbeat quarterly numbers…
Asia-Pacific shares head south
On Monday, stock indices of the Asia-Pacific region inched down after a negative result on Wall Street on Friday. Market participants are cautious, as they are monitoring the growth of the revenue of American bonds and also expect reports on revenues from several large companies this week.
The Australian market is growing notwithstanding weak references from Wall Street.
Shares of BHP Billiton tacked on by almost 1%, Rio Tinto acquired 1%, while Fortescue Metals gained 0,2%.
Among gold miners, the market value of Evolution Mining headed south by 0.6% after gold prices dipped on Friday.
Meanwhile, Newcrest Mining shares soared 2% after the gold miner told it had received approval to use the old Cadia Hill quarry as a storage facility.
Shares of Oil Search rallied by 0.2%, Woodside Petroleum gained by 0.3%, while Santos managed to grow by 1% against the background of rising oil prices on Friday.
In the banking sector ANZ Banking, National Australia Bank and Westpac – all of them traded with growth in the range 0.2%-0.7%. Additionally, the Commonwealth Bank reduced its capitalization by approximately 0.1%.
The Japanese market is moderately going down, despite the weaker yen amid a sag in geopolitical tensions in the world.
On Saturday, North Korea announced that it would immediately cease its nuclear and missile tests. The DPRK is also going to close the nuclear test site in the northern part of the country for the purpose of confirming its intention to freeze the tests.
Among the main exporters, shares of Mitsubishi Electric inched up by about 0.5%, while Sony and Panasonic diminished their capitalization by about 1% and 0.4% respectively.
As for the major car makers, Toyota dived 0.4%, Honda sank by 0.1%.
Meanwhile, in the banking sector, shares of Mitsubishi UFJ Financial as well as Sumitomo Mitsui Financial headed north more than 2%.
On Wednesday, Asian equities stood still due to the fact that worries over the outlook for global economic surge as well as the everlasting China-US trade clash kept market participants away from risky assets…
On Tuesday, Asian equities headed south along with crude prices due to the fact that downbeat mood about world surge drove traders away from risky assets…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…