Asian shares rebound from eight-month maximums

Asian shares rebound from eight-month maximums

On Wednesday, Asian stocks went down from eight-month peaks because the International Monetary Fund lowered its global surge outlook and America and the EU locked horns over levies in another escalation of trade tensions.

Eventually, European stocks were poised to start lower, with the UK’s FTSE futures slumping by 0.1% and Germany's DAX stocks diving by 0.02%.

MSCI's index of Asia-Pacific stocks headed south by 0.1%, just a day after it reached its highest value since August 1.

As for the Shanghai Composite Index, it inched down by 0.4%, while Japan’s Nikkei declined by 0.7%.

Meanwhile, on Wall Street, the S&P 500 went down by 0.61%, while the Nasdaq Composite decreased by 0.56% on Tuesday.

Overnight, American data contributed to the cautious mood, with job openings slumping to an 11-month minimum in February and driving doubts as for the strength of the American labor market that has been one of the few bright spots in the US economy.

Meanwhile, American leader threatened to slap duties on $11 billion worth of EU products, thus powering tensions over a long-running transatlantic aircraft subsidy conflict.

Global debt yields generally stood still, with the 10-year American Treasury yield being worth 2.49%, which is off its 15-month minimum of 2.340% recorded late last month.

Key currencies were little affected with an immediate focus on the EU leaders' summit as well as the ECB’s policy gathering.

EU leaders will most probably grant UK Prime Minister Theresa May another delay to Brexit, although they could demand Theresa accepts a much longer extension due to the fact that France pushed for conditions to restrict the UK’s ability to undermine the EU.

The UK pound was nearly intact, sticking with $1.3059.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

Turkey has Decreased Interest Rates, But is it a Buy?
Turkey has Decreased Interest Rates, But is it a Buy?

Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.

Deposit with your local payment systems

Be on top of your game

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.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

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