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On Thursday, Asian equities were narrowly mixed, with mere movement with Hong Kong carrier Cathay Pacific in the spotlight.
The Nikkei 225 went down 0.07%, Australia's S&P/ASX 200 sank 0.07%, the Hong Kong index stood intact, and the Shanghai Composite soared 0.38%.
A first-half loss of HKD 2.05 billion – that’s what Cathay Pacific reported on Thursday. The company attributed its mediocre performance in the first half of 2017 to surging competition as well as higher fuel prices. The company’s equities stood still.
Overnight, American shares concluded higher, shaking off poor American housing data along with earlier dismal sentiment following Donald Trump's intention to have his manufacturing council disbanded amid a raft of CEO exits.
Then, traders shifted their attention to the minutes from the Fed’s July gathering later in the trading session that showed members were split on the path of rate lifts considering the slowdown in inflation.
On Wednesday, European equities surged due to the fact that Italian financial institutions rebounded on expectations that Rome could come to a compromise with Brussels over its budget plans…
On Wednesday, Asian equities kept rebounding following a steep dive on Wall Street overnight…
On Tuesday, American futures declined by 1% because a technology rout in the previous trading marathon provoked by fears over iPhone sales affected investors' appetite for high-surge companies…
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…
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