S&P and Dow demonstrate record maximums
On Friday, the S&P 500 along with the Dow demonstrated record maximums for the second straight day…
Asian equities are mixed
On Friday, Asian stock markets were generally mixed after China posted better-than-anticipated industrial output as well as retail sales, although investment headed south to a fresh minimum.
In August, China’s industrial output tacked on by 6.1% in contrast with the same period of 2017. Retail sales in this Asian country gained 9%, beating market expectations. At the same time, the fixed asset investment surge speeded down to 5.3% for the first eight months this year, which is below Reuter’s estimate of 6%.
The Chinese economy is gradually speeding down. However, it’s still good at this moment. The Chinese authorities aren’t going to have the direction of deleveraging changed. Instead, they intend to change its tempo due to the fact the country’s economy is firm enough.
The Shanghai Composite went down by 0.16% in China, while SZSE Component declined by 0.58%. As for the Hang Seng Index, it managed to add 0.84%.
Having met with French Foreign Minister Jean-Yves Le Drian, Wang Yi, China’s State Councilor told that the world trade system should be reformed.
China backs necessary reforms as well as perfection of the current system. Additionally, Chine expects the WTO to become more effective, fairer, and more rational.
Wang Yi stressed that the purpose of the reform should be to enable countries to enjoy the benefits of globalization more fairly, without extending the differences between the north and the south.
His remarks showed up right after the resumed trade negotiations in Washington to prevent the trade war jitters from escalating, and American leader writing on Tweeter that the US government wasn’t forced to make a deal with the Asian counterpart.
Japan’s Nikkei 225 managed to extend profits gains, leaping by 0.95%. In South Korea, the KOSPI index ascended by 1.26%. The S&P/ASX 200 rallied by 0.7% in Australia.
Similar
American futures tack on
On Thursday, American equities jumped a bit due to the fact that market participants set aside fears over the everlasting trade conflict between China and America and turned their focus to economic data as well as earnings out later in the trading…
EU equities conclude up
On Wednesday, EU key equities concluded up, recording their fourth straight winning marathon due to profits in the materials as well as chemicals sectors…
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
