On Friday, American futures went down because traders worry about decelerating economic surge in China and in other countries…
Asian equities show mixed performance
On Monday, Asian equities demonstrated mixed performance in the morning. Brexit Deal was still closely watched by market participants after on Sunday EU leaders came up with their official endorsement of British Prime Minister Theresa May’s Brexit withdrawal, and also warned UK statesmen that it appeared to be the best deal possible for the United Kingdom because there’s no an alternative plan.
Apparently, May requires gaining Parliamentary approval for the pact in Westminster in order to proceed with Brexit. Respectively, failure could result in leaving the European bloc without a deal.
Asian-traded energy equities underperformed due to the fact crude prices dived to their lowest value for more than a year the previous week.
As a matter of fact, Santos Ltd went down by 4.7%. As for PetroChina Co Ltd Class H dipped by 0.7%, while Woodside Petroleum Ltd decreased by 2.3%. Crude faced a seven-week-sell-off. On the contrary, crude futures found themselves in bear market territory in the face of soaring worries of an oversupply.
The ASX 200 went down by 0.8% in Australia.
As for key miners, they headed south in the face of fears over poor demand from China, which appears to be the number one consumer of metals.
Additionally, Rio Tinto Ltd sank by 3%, Fortescue Metals Group Ltd dived by 1.5%. As for BHP Billiton Ltd, it declined by 3%.
The Shanghai Composite and the Shenzhen Component slumped by respectively 0.4% and 0.6% in China. Financial analysts and investors put much value on the scheduled gathering of Donald Trump and his Chinese rival Xi Jinping at the G-20 summit.
Moreover, the Hang Seng Index rallied by 1.4% in Hong Kong.
Japan’s Nikkei 225 soared by 0.8%.
In addition to this, the KOSPI index managed to tack on by 1.2% in South Korea.
On Friday, Asian equities declined because China came up with a set of poor data, thus driving fresh worries of a deceleration in the world's number two economy and also leaving traders fretting over the wider effect of a yet unresolved China-US trade…
On Thursday, American equities decreased in volatile trade because optimism provoked by progress in US-China trade negotiations faded away, with market participants preferring defensive sectors, including utilities and real estate…
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…