Forex News 24
  • RSS

news

Asian equities stall

Asian equities stall
админ
13/03/2018
asianshares 300x185 - Asian equities stall

On Tuesday, Asian equities stalled because American stocks lost steam. Meanwhile, the evergreen buck headed south in the face of dropping American yields.

Market participants were focused on American inflation data due later in the day just to get prompts on the pace of Fed interest rate hikes in 2018.

MSCI’s index of Asia-Pacific equities was nearly intact by mid-morning.

On Monday, the index had edged up 1.5% reacting to Friday’s sturdy American jobs numbers, while low wage surge relieved worries as for inflation as well as faster major bank rate lifts.

However, mixed performance by American equities overnight tamed investor risk enthusiasm in Asia.

On Monday, the S&P 500 along with the Dow headed south because the American duties signed into law the previous week put pressure on industrials and revenues in tech equities brought the Nasdaq to a fresh record maximum.

Japan’s Nikkei lost 0.2%, with equities in steelmakers as well as car makers still influenced by worries as for American duties on imported aluminum and steel.

Some investors point out that a political scandal, which engulfs Japan’s government headed by Prime Minister Shinzo Abe is actually raising doubts as for his capability of pursuing economic reform, which undermines stock market sentiment.

Additionally, Australian equities AXJO headed south 0.7%, while Shanghai went down 0.1%.

In South Korea KOSPI stood still, faring better because key tech equities, including SK Hynix and Samsung Electronics inched up reacting to revenues of their American peers.

Against a pack of six key currencies, the US dollar index stood still showing 89.891, having dived about 0.2%.

The common currency managed to ascend to $1.2337, thus contributing to overnight revenues of 0.25%.

As for the evergreen buck, it slumped 0.05% being worth 106.350 yen because the renewed political scandal in Japan made it rebound from the previous week’s maximum of 107.00.

Source

Related ItemsamericanAmerican inflationAmerican inflation dataAsiaAsian equitiescurrencydollar indexeconomicequitiesFedinflationinterest rateinvestorJapanlostmarketmaximumrateriskShanghaiShinzo AbeSouth Koreastock marketUSUS dollar

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
13/03/2018
админ
Related ItemsamericanAmerican inflationAmerican inflation dataAsiaAsian equitiescurrencydollar indexeconomicequitiesFedinflationinterest rateinvestorJapanlostmarketmaximumrateriskShanghaiShinzo AbeSouth Koreastock marketUSUS dollar

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

European Economics Preview: UK Spring Statement Due
Daily News: Tuesday, March 13