Asian equities dive
On Tuesday, Asian equities headed south along with crude prices due to the fact that downbeat mood about world surge drove traders away from risky assets…
Asian equities go up, greenback extends its revival
On Wednesday, Asian equities managed to grow, while the evergreen buck soared because market participants shifted their focus to the minutes of the Fed’s last policy gathering for clues on the future tempo of American monetary tightening.
However, spreadbetters expected European equities to follow Wall Street's example and start lower too, with Britain's FTSE diving 0.3%, and Germany's DAX along with France's CAC both diving 0.6%.
MSCI's index of Asia-Pacific equities tacked on 0.7% having dived following the American market drops that snapped a six-session winning marathon.
Some market participants in Asia are getting back from the Lunar New Year break. They’re naturally attempting to catch up having noticed the American share markets had been gaining during their absence.
On Thursday, trading in China’s financial markets is going to resume after being unavailable for the last week due to the Lunar New Year.
Japan's Nikkei pared earlier revenues, although held on to conclude the trading day with a 0.2% leap.
Australian equities stood still, South Korea's KOSPI managed to grow 0.55%. The Hang Seng added 1.2% in Hong Kong.
American Treasury revenues rallied because the bond market is set for this week's $258 billion rise of fresh government debt. By the way, the two-year bill revenue hit 2.282%, demonstrating the most impressive outcome since September 2008.
Soaring government borrowing has put pressure on Treasury revenues. The Treasury Department has rolled out more debt hoping for a higher deficit from the previous year's key tax overhaul as well as a budget deal, which is going to step up federal spending for the next two years.
The US currency derived benefits from the higher revenues, with its index versus a group of six leading currencies soaring to a one-week maximum of 89.904.
The Australian dollar dived 0.4% being worth $0.7852, the New Zealand dollar sank 0.2% reaching $0.7333.
Similar
FTSE 100 heads north on China data
On Monday, London markets managed to gain due to the fact that traders weighed up the latest China surge data and also waited for UK Prime Minister Theresa May to outline her fresh Brexit proposal to the country’s parliament…
EU equities tumble from six-week maximums on Chinese GDP data
On Monday, European equities dived from six-week maximums after China's fourth-quarter surge figures confirmed a deceleration in the world's number two economy with the previous year its worst year since 1990…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
