On Wednesday, European equities surged due to the fact that Italian financial institutions rebounded on expectations that Rome could come to a compromise with Brussels over its budget plans…
Asian equities inch down in the face of Wall Street sell-off
On Tuesday, Asian equities headed south in the face of strengthening trade tensions as well as concerns as for the worsening outlook for global tech giants. However, market participants paid attention to prospects of stronger world surge.
MSCI's index of Asia-Pacific equities demonstrated a 0.4% dive, versus losses of over 2% on each of the three American indices overnight.
The major American currency managed to stabilize versus the safe haven Japanese yen having dived for three straight days, while gold, often considered to be a universal store of value in times of political as well as financial uncertainty, headed south.
American Treasuries faced a bit of selling as well, with revenues on 10-year notes rebounding from two-month minimums.
Besides this, E-Mini futures for the S&P 500 tacked on 0.4%, while Dow futures rallied 0.2%.
Nikkei slumped 0.9% in Japan, having dived 1.6% at the start. Besides this, the Shanghai Composite index tumbled 0.4% in China, while the blue-chip CSI300 lost 0.7%.
On Monday, technology equities were heavily affected after Donald Trump had Amazon.com strictly criticized over the pricing of its deliveries across America.
So called FANG equities, including Google, Amazon, , Netflix and Facebook have been solely responsible for a multi-year uptrend in equities worldwide. However, the threat of government regulation has drastically spurred concerns as for their outlook.
As a matter of fact, China's so-called tit-for-tat duties painfully affected the major US currency. However, on Tuesday it faced some buying in early Asia trade to conclude at 105.88 yen, sliding from a three-week maximum of 107.01.
In addition to this, the US dollar index turned to be a bit softer versus a pack of leading currencies.
On Monday, crude prices ascended having dived over 3.7%. However, surging Russian output along with the strengthening US-China trade dispute were still putting pressure.
On Wednesday, Asian equities kept rebounding following a steep dive on Wall Street overnight…
On Tuesday, American futures declined by 1% because a technology rout in the previous trading marathon provoked by fears over iPhone sales affected investors' appetite for high-surge companies…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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…