FXHIGHWAY

 Breaking News

China's shares slump as tensions rise with U.S.

News Date: 27/10/2015 01:24:01
 

 Asian stocks fell on Tuesday, with China's shares falling the most as geopolitical tensions intensify with America. China's Shanghai index fell 1.82%. CSI 300 index fell a similar 1.87%. Traders cite reports of U.S. navy patrolling Spartly Islands in the South China Sea, defying China's exclusive claims to the islands and its surrounding waters.

 

Japan's Nikkei fell 0.94%. Australia's S&P\ASX 200 fell 0.12%. Korea's KOSPI fell 0.49%. India's Nifty lost 0.32%.

 

U.S. indexes ended Monday with little movement. Dow Jones fell 0.13% to 17,623. S&P 500 lost 0.19% to 2,071. NASDAQ rose 0.06% to 5,034.

 

Yen kept up its strong performance as prospects of a BOJ easing dwindled, it rose for the second day against the dollar to 120.57. Against Euro it more than erased its Monday's losses, trading at 133.38. It rose to a five-day high against sterling at 185.11.

 

Dollar index lost 0.11% to 96.80. Dollar fell 0.06% against Euro to 1.1064. It eased back against Sterling for the second day, trading at 1.5353.

 

Crude oil was in a further downward pressure, with Brent futures for December falling 11 cents, or 0.23% to $47.32 a barrel. U.S. crude futures lost 46 cents, or 1.03% to $43.53 a barrel.

 

Spot gold lost $1.70, or 0.15% to $1,164.50 an ounce. Silver fell 6 cents, or 0.41% to $15.84 an ounce.

 

Investors will be waiting for Apple's results later today, crucial for determining the direction of global stocks this week. A survey for private loans in the Euro zone will also be released today, expected to have grown 1.1% in September y\y. missing the forecast would be bearish for Euro.

 

A preliminary GDP calculation of third quarter for Britain is expected to put it at a positive 0.6% q\q. Vital for sterling trading, coming at or beating forecasts will reassure investors of the state of the British economy.

 

From the U.S., Manufacturing orders for September are forecast to have stabilized m\m, opposed to falling 0.2% in August. Also from the U.S., A survey of consumer confidence is slated for today, forecast to come at 102.5 for the current month, easing down from 103 for September. Missing forecasts for both of these surveys will have negative impact on the dollar as it might force the Fed to delay hiking interest rates.     

Latest news

Corona virus infection in the United States of America reached its maximum, reaching two million, 840 thousand and 906 cases, according to the Centers for Disease Control yesterday, after it recorded
07-2020 06 00:36:17

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

More News

Logs

Advertisements