Mixed trading day in Asia as shares were mixed overnight and early gains on many markets were eroded and replaced with losses. A late rally on the Hang Seng though saw a firmer close as the market ended 94 points
Asian markets have extended Friday’s rally with the Nikkei225 adding 82 points and the Hang Seng currently 570 points to the good. These numbers are dwarfed by the Chinese markets that have surged by as much as 4.5% overnight.
Global trade worries are still the major topic of concern for the stock markets. Whilst strong economic data out of China last week suggested that there was no need to worry, a longer examination of those numbers would suggest that
Japanese markets are closed this morning as mainland Chinese markets return from a week long holiday. At the opening bell, Chinese markets were already 2% lower and slipped further during the day to end up over 3% lower.
Stock markets around the globe are bouncing back this morning after taking losses in the latter part of last week. The Nikkei 225 has risen by 125 points this morning as the dollar hits an 11 month high against the
There is a busy week ahead as a number of Central Banks have meetings, two in relation to interest rates as well as 140 companies from the S+P500 reporting their results and updates on inflation and payroll.
As a consequence,
The dollar takes a break and is currently trading at a two week low on the back of Donald Trump’s comments last Friday about his unease with the dollar at these levels, the Federal Reserve and their monetary policy.
Retaliatory trade tariffs between China and the United States passed off with little more than a whimper last week as positive jobs data out of the U.S. cajoled the markets into some positive thinking.
This has followed through into Asia
Trade tensions continue to unnerve all the financial markets and pretty much every market is starting this week with a softer bias. The Nikkei225 traded 178 points lower overnight whilst the Hang Seng is nearly 400 points lighter as I
After the Dow Jones industrial Average fell 84 points on Friday, the Asian markets have followed suit with the Nikkei225 and Hang Seng currently showing losses of 171 and 130 points respectively.
Speculation of an economic slowdown in China