On Friday, Turkey stocks headed south after the close due to the fact losses in the Tourism, Transport, and Real Estate Investments sectors led shares down…
Asian equities go down from 6-month peak ahead of Fed policy verdict
On Wednesday, Asian stocks dived because investors took profits ahead of a policy decision by the Fed, anticipated to tell more about its interest rate plans for the rest of 2019.
As for EU equities, they were anticipated to start lower. Germany’s DAX, France’s CAC, and Britain’s FTSE slumped 0.5%-0.7% early in the morning.
MSCI's index of Asia-Pacific stocks went down by 0.2%, suppressed by South Korea and Australia.
Additionally, Japan's Nikkei rallied by 0.2%. Mainland Chinese blue-chip stocks stood still.
As for Wall Street stocks, they demonstrated mixed performance, with the S&P 500 inching down by 0.01% and the Nasdaq soaring by 0.12%.
Some market traders told that selling was provoked by a report of American worries that China is actually pushing back against US demands in trade negotiations.
In general, many traders hope there will be a trade deal between the two leading countries, as statesmen from both sides are still locked in talks.
Next week American Trade Representative Robert Lighthizer along with Treasury Secretary Steven Mnuchin will go to China for another round of trade negotiations with China’s Vice Premier Liu He.
Confidence among Asian businesses was still near three-year minimums for the first quarter because the US-China trade conflict resumed, pulling down the world’s economy, which is already diving.
Expectations of a more cautious major US bank have suppressed the evergreen buck, already pressured in 2019 after Powell indicated a pause to the monetary tightening cycle.
The common currency stood still, showing $1.1347, which is close to Tuesday's two-week peak of $1.1362.
Meanwhile, the Australian dollar slumped by 0.1% concluding the trading session at $0.7080.
On Thursday, Asian stocks went down after losses on Wall Street, although trade was subdued due to the fact that market participants waited for business polls in the European Union and were mostly on the sidelines ahead of the long Easter weekend holiday…
On Wednesday, Wall Street's key indexes stood still because a Qualcomm-led soar in chipmakers was compensated by a dive in healthcare shares for the second straight trading marathon, although quarterly gains came in largely positive…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
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'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…