This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
Asian shares are mixed on lingering trade worries
On Wednesday, Asian equities turned out to be mixed in morning trade because worries over a looming trade conflict between China and the United States kept lingering.
The Dow headed south by 287.26 points, erasing all of it revenue for the year. As for the S&P 500, it went down by 0.4%, the Nasdaq decreased by 0.3%.
Goldman Sachs CEO Lloyd Blankfein’s statement appeared to be shocking because the statesman told that he’s not concerned over the recent global trade clashes between the two leading economies.
In China, the Shanghai Composite index as well as the Shanghai Component started 0.07% and 0.02% lower. As a matter of fact, the Hang Seng Index managed to grow by 0.2% in Hong Kong.
Governor of the People’s Bank of China, Yi Gang told in an interview with the Shanghai Securities News that policymakers are ready for outside shocks. Moreover, he asked investors to be calm. China’s major financial institution is ready to take adequate measures to respond to the standoff and stabilize the country’s stock markets.
The Chinese statesman told that China’s authorities are going to be forward-looking in the situation. The Chinese government will come up with relevant policies and certainly utilize all kinds of monetary policy solutions. He added that stock market turbulence is mostly powered by market sentiment. In addition, he pointed out that his country has enough room to adequately respond to any trade hostile move.
Besides this, this week China’s leader Jinping and North Korea’s leader Kim Jong Un had a meeting in Beijing. The both leaders came to a deep understanding on a variety of issues, including denuclearization of the Korean peninsula, as North Korea’s state media informed.
Kim’s two-day visit to China’s capital that followed his Singapore summit the previous week, is expected to finish a bit later today.
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.
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!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!