Online Forex broker
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.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
