During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Taiwan’s share market concludes up
On Monday, Taiwan's stock market concluded the trading session up due to strengthening sectors of optoelectronics, glass production as well as transportation.
At the close of the Taiwan Stock Exchange, Taiwan Weighted managed to edge up 0.99%.
As for the growth leaders of the components of the Taiwan Weighted Index, one should point to shares of CSBC Corp Taiwan, which tacked on 10.00%, concluding at 24.20. Besides this, equities of HTC Corp also ascended 10.00%, concluding the auction at 60.50. Paper Chuwa Wool Industry Co Ltd soared 9.94%, concluding at 49.75.
Leaders of the dive were represented by shares of Cub Elecparts Inc – they went down 10.00%, concluding the trading session at 382.50. Shares of Chin-Poon Industrial Co Ltd rallied 10.00% ending up with an outcome of 39.15, Kingcan Holdings Ltd dived 7.42%, completing trading at 19.35.
On the Taiwan Stock Exchange, the number of more expensive securities (617) beat the number of closed shares in the red (213). At the same time quotes of 84 shares didn’t change.
Shares of Chin-Poon Industrial Co Ltd headed south to a 52-week minimum, losing 10.00% and concluding the trading session at 39.15. Shares of Chuwa Wool Industry Co Ltd ascended to a historic maximums, adding 9.94%, being worth 49.75. Quotes of Kingcan Holdings Ltd dived to a 52-week minimum, diving 7.42%, ending up with 19.35.
June delivery WTI futures edged down 0.40% hitting $67.83 a barrel. As for other products, July delivery Brent futures headed south by 0.50%, hitting $73.42 a barrel. In addition to this, June delivery gold futures dived 0.30% ending up with $1.319.40 a troy ounce.
Meanwhile, in the Forex market, the currency pair USD/TWD inched up by 0.19% hitting 29,610, while the pair TWD/CNY was intact, hitting 0.2149.
Futures on the USD index inched up by 0.04% ending up with 91.35.
More tariffs were introduced
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We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.