Disney's "Mulan" was released yesterday. And there is a lot of publicity about it...
Asian equities mostly slump with HK bucking trend
On Wednesday, Asian equities mostly dived in light regional trade, although Hong Kong managed to gain because interest in property stocks was obvious.
Japan's Nikkei 225 went down 0.02%, the S&P/ASX 200 sank 0.07%. Besides this, in Australia, the wage price index for the second quarter tacked on 0.5% exactly as expected.
Additionally, Australian biopharma CSL lost 3.96% notwithstanding a full-year underlying net revenue after tax up 24% versus 2016.
The Shanghai Composite sagged 0.18%, while Hong Kong’s Heng Seng index demonstrated a 0.58% surge because property stocks gained favor.
Overnight, American stocks closed intact because better-than-expected retail sales data compensated a tumble in retail as well as telecom stocks, while US-North Korea tensions relieved, spurring demand for risker assets.
Retail equities capped revenues on the broader market because outlook on the sector became negative, reacting to a dip in stocks of Home Depot as well as Dick’s Sporting Goods.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.
Nvidia and Alibaba report their Q2 results this week. Grab the levels and prepare to step in!
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!