The start of the US trading session has been positive for traders of Tesla and Microsoft.
China's stock market concludes up
On Thursday, China's stock market concluded up due to strengthening sectors of oil and gas equipment, insurance as well as gas and water supply.
At the close on the Shanghai Stock Exchange, the Shanghai Composite rose 0.85%, the SZSE Component index tacked on 1.02%.
Among leaders of growth in the components of the Shanghai Composite Index one should mention shares of Aluminum Corp of China Ltd, which rallied by 10.11%, concluding at 5.120. Quotes of Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd leapt by 10.02%, concluding the auction at 30.200. Paper Shanghai LongYun Advertising & Media Co Ltd went up by 10.01% ending up with 61.35.
The leaders of the fall were the shares of Shanghai U9 Game Co Ltd, whose price fell by 7.45% concluding at 6.460. Shares of Harbin Air Conditioning Co Ltd climbed by 7.35% closing at 6.680, while Hainan Haiqi Transportation Group Co declined by 6, 83% coming up with 11,450.
As for the components of the SZSE Component, Nationz Technologies Inc rallied 10.04% reaching 10.41, Shenwu Environmental Tech that ascended 10.03 %, closing at 12.94. Yunnan Aluminum Co Ltd tacked on by 9.98%, concluding the trading session at 8.93.
Leaders of the dive were the shares of Zhejiang Jinke Peroxides Co Ltd, which dived by 7.05%, ending up with 10.55. Shares of Shenzhen Ysstech Info-Tech Co Ltd lost 6.00% and closed the trading session at the level of about 15.81. Besides this, equities of Beijing Sinnet Technology Co Ltd slumped by 5.24% hitting 15.90.
On the Shanghai Stock Exchange, the number of more expensive securities (770) managed to surpass the number of closed shares in the red (508), while up to 88 equities didn’t change.
Zhejiang Jinke Peroxides Co Ltd dived to a 52-week minimum, having declined by 7.05% and concluding the trading session at 10.55.
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
More tariffs were introduced
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.