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

Crude oil futures declined. According to the New York Stock Exchange, crude oil futures were traded in November at a price of 86.12 dollars a barrel, ie, it decreased by 0.46%. And in light of OPEC
10-2022 05 04:16:02

The US dollar fell to its lowest level in two weeks at the beginning of trading on Tuesday, due to the high risk sentiment, while the sterling pound maintained its recent gains after the British gove
10-2022 04 07:12:28

Japanese stocks opened today’s trading on a positive note, dragging its indices to the upside, especially chips and energy stocks. So, the Nikkei index rose by 1.07% to reach 26,215.79 points,
10-2022 03 03:36:24

Wall Street closed yesterday evening sharply lower, because of some economic concerns related to inflation, which could reflect negatively on the US economy, not also this, but also the investor's c
09-2022 30 03:07:57

The futures contracts for oil witnessed an increase, as it rose by 0.16%. According to the New York Mercantile Exchange, the futures contracts for crude oil were traded in November at 82.02 dollars p
09-2022 29 02:42:06

More News