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On Monday, stock indices of the Asia-Pacific region were traded in the green zone after the mixed start, notwithstanding the fact that on Wall Street negative signals were recorded. It’s because concerns about the trade war stepped up after US President Donald Trump said that he instructed his trade officials to consider extra duties on Chinese imports of $100 billion. Problems in trade relations persist after the official news agency of China Xinhua on Saturday reported that American "capricious" trade tariffs will end only with defeat.
Additionally, on Friday, the US Department of Labor reported that non-farm employment soared by 103,000 jobs in March after an updated leap of 326,000 jobs in February. Financial analysts had expected an ascend of about 193,000 jobs. The unemployment rate accounted for 4.1% per month, staying intact from the five previous months.
During Asia trade crude prices tacked on having dived more than 2% on Friday.
In Japan, the Nikkei index traded marginally higher in weak trade because as the Japanese yen is still robust against the evergreen buck after the release of the current account balance for February.
According to the Ministry of Finance, in February, Japan had a current account surplus of Y2,076 trillion after a surplus of Y0,607 trillion in January. However, the current account surplus turned to be lower than the economists' estimate of Y2,260 trillion.
The trade balance showed a surplus of Y188.7 billion, which is also lower than economists' expectations of Y249.7 billion after a deficit of -Y666.6 billion in the previous month. Exports increased by 0.9% compared to the same period last year and amounted to Y6,423 trillion, while imports grew by 17.8% to Y6.234 trillion.
The average value of Kospi in South Korea has increased. Technological companies are at the forefront of surge. Equities of Samsung Electronics tacked on by 1.3%, while Hyundai Motor and Posco lost 1-2%.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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