This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
Asian equities show mixed performance
On Wednesday, Asian shares demonstrated mixed performance.
Shanghai rallied, but Shenzhen slumped in mainland China. As for Hong Kong, it was intact, although staying in positive territory. Meanwhile, Australian stocks managed to ascend, while Korean ones found themselves in the red, and the same can be said about Japanese stocks.
Overnight in America, most key indices went down, although the losses were relatively moderate. So, the S&P 500 concluded the trading session down 0.11%. As for the Dow 30, it slumped by 0.05%, while the tech-heavy Nasdaq stood still having lost 0.02%.
In Asia, with no crucial news on the trade talks between China and America and the Chinese cabinet focused on the gathering of the National People’s Congress losses and profits were quite constrained.
As for the Shanghai Composite Index, it surged by 0.05% hitting 3,055. As for the Shenzhen Component, it decreased by 0.45% trading at 9,553.
The Hang Seng Index rallied by up 0.19% in Hong Kong at mid-morning ending up with 29,019.
In Japan, Nikkei 225 slumped by 0.71% demonstrating an outcome of 21,571. As for South Korea’s Kospi, it decreased by 0.36% trading at 2,175.
The S&P/ASX 200 surged by 0.49% in Australia hitting 6,229.
In addition to this, trade talks between China and America are progressing and an agreement could be reached already this month. Moreover, U.S. Secretary of State Mike Pompeo came up with a statement that the trade clash between the two leading economies could be tackled soon.
Pompeo told that they’re doing their best to get it resolved as soon as possible. He hopes that soon all those levies as well as barriers between the countries will be removed.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!