Asian stocks are under pressure on soft American data

Asian stocks are under pressure on soft American data

On Monday, Asian stocks sagged, while American bond yields tumbled to five-month minimums after soft American economic data affected investor sentiment already frayed by concerns over North Korea as well as coming French elections.

It dwarfed any relief for market participants after the American Treasury department didn’t label China as a currency manipulator, thus avoiding an all-out confrontation on currencies between the two largest economies in the world.

S&P 500 mini futures edged down 0.15%, hitting 2,324, edging close to a six-week minimum of 2,317.75 hit in late March, reacting to Trump's defeat on healthcare reform.

Outside Japan MSCI's broadest index of Asia-Pacific stocks dipped 0.1% in holiday-thinned trade. As for Japanese Nikkei, it sagged as much as 0.6%, hitting a five-month minimum before soaring 0.1%.

The vast majority of European share markets are going to be closed for Easter holidays.

Similar

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

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

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