American futures inch down on fears of decelerating global growth
On Friday, American futures went down because traders worry about decelerating economic surge in China and in other countries…
Asian equities edge up on Powell’s remark
On Wednesday, Asian stocks managed to rally due to the fact that Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his congressional testimony.
The Dow ascended by 55.53 points overnight being worth 25,119.89. Additionally, the S&P 500 went up by approximately 0.4%, the Nasdaq reached a record maximum. As for Netflix as well as tech stocks, they rebounded.
Fed Chair stressed that the US major bank is about to gradually lift interest rates, although he warned that protectionism can affect economic surge.
Meanwhile, in Asia, the Shanghai Composite tacked on by 0.5% in China. The Shenzhen Component edged up about 0.1%. The Hang Seng Index went up by 0.3% in Hong Kong.
Financial markets are currently shifting their focus to how the Chinese government would react to soften the effects of the recent trade clash with America, after Monday’s data disclosed that output in the second quarter speeded down and factory activity decelerated more than anticipated.
Additionally, Japan and the European Union came to an agreement on Tuesday. The pact suggests greater movement of services and products between the two mighty economies. It’s because they are both concerned with working out effective countermeasures against the American protectionism. It’s believed that the Economic Partnership Agreement would help Japan’s car makers and EU farmers to sell their goods. The Nikkei 225 tacked on by 0.6% reacting to the news.
In South Korea, the KOSPI index managed to rally about 0.3%. As a matter of fact, the Bank of Korea had the country’s economic surge forecast for this year cut in its bi-annual economic policy report, citing a dismal labor market revival as well as global trade tension as the reason for this cut.
Aside from shipments of semiconductors, exports surge ceased and investment shrank between these two countries. That’s why both countries put a lot of value on this agreement.
Similar
Asian equities slip on dismal Chinese data
On Friday, Asian equities declined because China came up with a set of poor data, thus driving fresh worries of a deceleration in the world's number two economy and also leaving traders fretting over the wider effect of a yet unresolved China-US trade…
US equities inch down
On Thursday, American equities decreased in volatile trade because optimism provoked by progress in US-China trade negotiations faded away, with market participants preferring defensive sectors, including utilities and real estate…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
