Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Asian equities go down
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.
Similar
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Latest news
Increased Volatility is Coming
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
Market Crash Incoming?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
