Facebook crashed
Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
Asian equities tack on
On Monday, Asian equities gained after Chinese and American leaders brokered a truce in their trade clash. It appears to be a relief for the world’s economic outlook as well as a tonic for emerging markets and crude.
Trade-exposed currencies managed to lead the early profits, with the Australian dollar boasting a four-month maximum, while the evergreen buck sank to a one-month minimum versus the Chinese Yuan.
E-Mini futures for the S&P 500 managed to rally by up to 1.9%. Moreover, MSCI's index of Asia-Pacific equities ascended by up to 1.8%.
The Chinese CSI300 index of Shanghai as well as Shenzhen equities CSI300 tacked on by up to 2.6%. The Japanese Nikkei index soared by 1.3% hitting a six-week maximum.
China and America agreed to cease extra levies in a deal, which keeps their trade conflict from escalating because the two sides once again try to bridge their differences with new negotiations aimed at reaching an agreement within 90 days.
On Saturday, the White House told that US leader informed his Chinese rival during high-stakes negotiations in Argentina that he wouldn’t raise levies on $200 billion of China’s products to 25% on January 1 as previously uncovered.
Indeed, a lot of market players doubt the two leading economies are capable of bridging their differences, covering a wide array of issues, within three months.
The evergreen buck went down versus a group of its major rivals hitting 96.993, although strengthened against the Japanese yen reaching 113.52. The common currency gained 0.3% showing $1.1345.
As for the Mexican peso, it managed to grow over 1% ending up with 20.185, backed by reports that newly elected Mexican leader Andres Manuel Lopez Obrador might reverse his earlier initiative to cancel construction of a new airport in the City of Mexico.
Similar
Nike stock: a gap down is in focus
Lower-than-expected earnings may pull the stock down
One stock to buy right now
The last chance to catch good prices. Here’s 3 reasons why.
Latest news
All eyes on AUD
The RBA will make a rate statement on August 4 at 7:30 MT time.
Main market movements on July 31
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
Main market movements on July 30
The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.
Deposit with your local payment systems
