Asian equities shrug off Wall Street dip after Trump's comments

Asian equities shrug off Wall Street dip after Trump's comments

On Thursday, Asian stocks soared, shaking off the risk aversion, which hold financial markets tight overnight right after Donald Trump's threat to shut down the US government. Nevertheless, the evergreen buck was still sluggish.

As a matter of fact, MSCI's broadest index of Asia-Pacific equities jumped 0.15%.

Japan's Nikkei N225 retreated 0.25% following a stronger yen.

Overnight, American stock indexes concluded in the range 0.3%-0.4% lower.

On Wednesday, Fitch Ratings informed that an inability to lift the federal debt ceiling in a timely manner would assist it to review the American sovereign rating with quite negative implications.

While on Wednesday the evergreen buck managed to restrict losses in Asia trade, reacting to Trump's comments, the US currency resumed its dives during the US day and turned unable to recover on Thursday.

The greenback was nearly intact, showing 108.98 yen, having decreased 0.5% overnight.

Similar

Latest news

How to trade ahead and after BOC report?
How to trade ahead and after BOC report?

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

US earnings in January 2021: what you need to know
US earnings in January 2021: what you need to know

We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera