With Brexit talks between the Conservatives and Labour gridlocked, as well as easing concerns over US/China trade dispute and a mixed employment report out of the UK, the British pound remained on the defensive.
Global Markets: Asian Stock Markets : Nikkei down 0.47%, Shanghai Composite down 0.16%, Hang Seng down 1.60%, ASX down 0.88% Commodities : Gold at $1299.55 (-0.17%), Silver at $14.80 (+0.14%), Brent Oil at $70.47 (+0.34%), WTI Oil at $61.17 (+0.21%) Rates : US 10-year yield at 2.417, UK 10-year yield at 1.092, Germany 10-year yield … Continue reading Tuesday 14th May: Asian markets at three-and-a-half month lows
China broadcasted its decision to hike tariffs on $60 billion worth of American imports despite US President Trump’s warnings, consequently escalating trade tension and weighing on the market sentiment.
Global Markets: Asian Stock Markets : Nikkei down 0.76%, Shanghai Composite down 1.48%, Hang Seng up 0.84%, ASX down 0.21% Commodities : Gold at $1284.35 (-0.24%), Silver at $14.69 (-0.69%), Brent Oil at $71.03 (+0.58%), WTI Oil at $61.76 (+0.16%) Rates : US 10-year yield at 2.435, UK 10-year yield at 1.128, Germany 10-year yield … Continue reading Monday 13th May: Asian markets continue to fall on trade woes
The Australian dollar weakened further against the US dollar over the course of last week, extending losses beneath the 2019 yearly opening level at 0.7042.
