FXHIGHWAY

 Breaking News

Asian and European indexes retreat on Tuesday as traders reap profits.

News Date: 6/10/2015 03:49:50
Update Date: 6/10/2015 04:05:18
 

Asian and European shares were sold on Tuesday after a week-long bull run as traders close positions to take profits.

 

The Japanese Nikkei 225 index is down 1.32% at 18110 as of 7:03 GMT, the Bank of Japan is holding its two day policy meeting and is expected not to ease the policy further, hoping that consolidating jobs market would push wages and inflation higher on its own.

 

Australian index S&P\ASX 200 is down 0.88% at 5178, Australia's central bank kept rates on hold in its last meeting.

 

It was announced earlier that a free trade agreement between 12 countries on the Pacific Rim was reached, it will cover 40 % of the world's economy including most east Asia's major economies excluding China, it's not possible to measure the effects of the deal till it takes hold, traders are taking the news positively, viewing the deal as a way to rekindle Asian trade growth after a China-led contraction in recent months.

 

Chinese markets are closed for a holiday, the Chinese trade ministry announced that it welcomes the deal and hopes it leads to more growth in Asia, the Malaysian delegate said the deal is open to other countries in the future , including China.

 

European indexes opened lower on Tuesday, with the British FTSE100 down 0.85%, at 6284, the German DAX index down 1.10% at 9760, the French CAC40 down 0.77% at 4616.

 

The German factory orders report came out earlier with a disappointing 1.8% contraction m\m in the orders, against a forecast of 0.5% growth, enhancing worries about sputtering German exports that were intensified after the Volkswagen scandal earlier in the month, last months report also showed a contraction of 2.2%.

 

For Britain, Halifax bank of Scotland's report about home prices (HPI) also came out, showing month-on-month deflation of 0.9%, against a forecast of 0.1% inflation, raising more concerns about deflationary pressures in U.K. and pushing bets on the timing of a Bank of England rate rise further away.

Latest news

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as
07-2020 03 00:34:55

Beginning with the latest developments in commodities, the gold futures contracts started this morning with a rise of 0.70%, to be traded at 1784.56 dollars an ounce, after opening at 1771.61 dollar
07-2020 01 03:47:05

Oil prices continued to lose their losses after the recovery in demand decreased, due to the high number of injuries they suffer, and Brent crude fell by the same percentage 2%, which in turn pays to
06-2020 29 05:49:33

The US dollar concluded its research for the week, sticking to its gains, which means that the demand remains on the latter, and this is due to it being a safe haven in light of fears and concerns ab
06-2020 26 06:34:32

The US stock indexes on Wall Street ended their trading high, thanks to the support of the economic data that led them to the rise, which showed that the contraction of the economy in the manufacturi
06-2020 24 00:45:21

More News

Logs

Advertisements