On Thursday, European markets rallied, as investors watched the steep increase in financial as well as technological stocks…
Asian equities dive on trading war concerns
On Monday, Asian equities declined to near three-week minimums amid worries of a global trade conflict, while the common currency was fragile in the FX markets because of concerns that in Italy an anti-establishment coalition government could potentially spring up from elections.
On Sunday, Italian voters delivered a hung parliament, rushing to anti-establishment as well as far-right parties in huge numbers and bringing the euro zone's number three economy into a political trap, which could take much time to clear.
After such a beginning, the euro rebounded to $1.2323 from a two-week maximum of $1.2365 because the euroskeptic 5-Star Movement hoped its support soar would turn to be the largest single party, following projections built around early vote-counting.
The common currency was still gaining support after Germany's Social Democrat party underpinned the reunion with Angela Merkel's conservatives, enabling her to create a new government over five months since Germany’s inconclusive election.
The euro also gained support from safe-haven flows, with risk sentiment strengthening worries of a trade conflict after Donald Trump rolled out tariffs on imported aluminum and steel.
The evergreen buck dived for a fourth straight trading session hitting 105.49 yen, although it was a bit higher Friday's minimum of 105.23. The given mark hasn’t been observed since November 2016.
Traditionally gauging the greenback’s value versus a group of key rivals, the US dollar index stood still.
On Sunday, China told that it didn’t want a trade feud with America, but nevertheless it’s going to have its interests protected, warning that policies built around mistaken assumptions are going to damage bilateral relations.
Many market participants are afraid that today’s momentum in the world’s economy could slump if Trump dears to start a trade feud.
MSCI's broadest benchmark of Asia-Pacific equities beyond Japan dived 0.8%.
Japan's Nikkei as well as South Korea's KOSPI declined 0.7%.
On Wednesday, American stock indices dived due to a new round of geopolitical as well as foreign trade risks…
On Wednesday, European stock indexes went down amid uncertainty with the Italian government as well as worsening market sentiment about the everlasting trade talks between the two largest economies of the world…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…