Online Forex broker
On Thursday, Asian equities went down, while government bonds managed to gain safe-haven demand in the face of strengthening investor worries that soaring trade tensions will affect the world’s economy.
Spreadbetters actually expected European shares to show better results at the start, with Britain's FTSE starting intact, Germany's DAX earning 0.3% and also France's CAC leaping 0.25%.
MSCI's index of Asia-Pacific equities inched down 0.13%.
The Asian markets were influenced by Wall Street equities that dived for the third straight trading session overnight right after Donald Trump was eager to impose fresh duties on China, thus driving worries a trade war.
Boeing Co, considered to be especially vulnerable to retaliation from American trade partners, headed south 2.5%, thus becoming the leading loser on the Dow.
Shanghai inched down 0.3%, Hong Kong's Hang Seng was intact, while Australian stocks dived 0.25%. Japan's Nikkei N225 managed to erased earlier losses, gaining 0.12%.
Besides this, the benchmark 10-year Treasury yield sank to 2.806%, demonstrating a fourth day of dives in the face of soaring diplomatic tension between Russia and the UK.
The probability of a trade conflict also spurred demand for European debt. The German 10-year bund yield hit 0.594% having dived to a 1-1/2-month minimum of 0.583%. Revenues on UK gilts as well as French government bonds headed south too.
Meanwhile, in the currency market, the evergreen buck was pressured having demonstrated a moderate bounce overnight after three days of losses.
The common currency soared 0.05% being worth $1.2373 having being pulled back from a six-day maximum of $1.2413 when on Wednesday, European Central Bank Governor Mario Draghi demonstrated rather a dovish tone on monetary policy.
As for the Japanese yen, it soared versus a variety of counterparts.
Versus the yen, the common currency dived 0.4% hitting 131.045 yen.
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.
|
