S&P concludes down, tech equities dive
On Monday, the S&P 500 seesawed to a negative settlement due to the fact that a dive in technology equities led by Apple put pressure on market sentiment…
Asia-Pacific shares mostly ascend
On Tuesday, stock indexes of the Asia-Pacific region mostly gained and it can be explained by the fact that US President Donald Trump along with North Korean leader Kim Jong-un finally signed a promising document, which calls for working together to create a lasting and steady peace regime on the Korean Peninsula.
In addition to the meeting in Singapore, market participants also expected clues from three major financial institutions, which are expected to have meetings this week.
The US key bank will nearly 100% have its rates lifted again when it meets on Wednesday. Besides this, on Thursday the European Central Bank will report that by the end of this year it’s going to start disrupting its ambitious bond purchase program.
In addition to this, the BOJ will also have its two-day political gathering finished on Friday. Financial analysts don’t expect a change beyond the soft policy of the financial institution.
As for Chinese stock indexes, they concluded up, and the benchmark Shanghai Composite managed to ascend by up to 0.89%. In Hong Kong, the Hang Seng index went up by about 0.13% at the end of the trading session.
Additionally, Japanese stocks got to a three-week maximum after American President Trump told that he managed to develop a positive relationship with North Korean leader Kim Jong-no in Singapore.
Moreover, Australian stocks demonstrated moderate gains due to the historic meeting of North Korean dictator Kim Jong-un and American President Donald Trump.
As a matter of fact, the conglomerate Wesfarmers ramped up its capitalization by approximately 1.3% after it reported the completion of the sale of its UK business Homebas. As for healthcare as well as industrial reserves, they concluded mostly up, while CSL and Transurban Group stepped up their capitalization by respectively 1% and 1.5%.
Weaker prices for base metals and iron suppressed the value of equities in mining companies.
Similar
American futures head north, as traders closely watch bank earnings
On Friday, American futures managed to ascend because traders closely watched the beginning of the third quarter earnings season following a volatile trading week…
European shares rebound
On Friday, European equities rebounded firmly from a steep selloff right after Asian equities demonstrated a partial revival overnight…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
Deposit with your local payment systems
