Wall Street starts higher
On Tuesday, Wall Street managed to rally due to the fact that market participants neglected news that China is going to respond to another pack of American levies…
Asian equities bounce back
On Tuesday, Asian equities managed to find their footing following some initial softness because Hong Kong’s benchmark is braced for setting a record closing maximum.
The Hang Seng HIS concluded morning trade 1.3% higher reaching 31751.60. The benchmark rebounded from a Monday afternoon selloff, which concluded the index’s record 14-day winning marathon.
Driving Monday’s pullback turned to be firm afternoon selling in China’s equities, in particular in Shenzhen 399106. Meanwhile, the ChiNext Price Index 399006, tracking new-economy equities there, went down 3% on Monday, demonstrating the worst performance since November. The index concluded Tuesday morning trade 0.1% higher. At the same time the Shanghai Composite that enjoyed 11 winning days, concluded Monday 0.2% higher.
The fast tempo of rule changes carried out by the China Securities Regulatory Commission to tame lending in China’s unruly shadow banking sector has affected investor confidence, as financial analysts told.
Similar
Asian equities jump
On Tuesday, Asian equities managed to surge due to the fact that market participants mostly neglected the latest round of American levies on $200 billion of China’s products set to come true next week…
European equities nearly neglect American trade war salvo
On Tuesday, European equities started nearly intact right after American leader dared to slap 10% levies on an extra $200 billion worth of China’s imports, and also warned of duties on more goods if the Asian country got down to retaliatory actions…
Popular
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
