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On Monday, Asian stocks traded mixed after an initial spurt higher regionally, following the French election, which went widely as expected, pitting far-right leader Marine Le Pen and centrist Emmanuel Macron in a May 7 runoff. Meanwhile, tension on the Korean peninsula also applied pressure on market sentiment later.
On Sunday, during the first round of the election centrist candidate Emmanuel Macron managed to win 23.7% of the votes. As for National Front leader Marine Le Pen, she grasped 21.7%, as latest estimates state.
Japan's benchmark Nikkei 225 index rallied 1.2% on the back of the French surveys, while the Kospi inched up 0.22%. As for the S&P/ASX 200, this benchmark soared 0.26%.
In China, the Hang Seng Index reversed revenue and dropped 0.27%, while the Shanghai Composite went down 1.56%. American share futures kept pointing higher.
The previous week, American shares closed lower on Friday notwithstanding the publication of bullish economic data as well as an update from President Donald Trump on his tax reform initiative.
On Tuesday, American futures declined by 1% because a technology rout in the previous trading marathon provoked by fears over iPhone sales affected investors' appetite for high-surge companies…
On Tuesday, European equities went down, with financial institutions weighing a lot on fears about decelerating economic surge, Italy’s budget, receding earnings momentum, to say nothing of a lower probability of rate lifts in the EU in 2019…
On Tuesday, Asian equities declined, extending steep losses on Wall Street because technology companies bore the brunt of fears about decreasing demand, while the evergreen buck dipped after poor American data further affected confidence in the US dollar…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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