The US dollar, according to the US dollar index, largely disregarded the weaker-than-expected April retail sales report Wednesday, though eventually yielded to selling pressure on news US President Trump would delay tariffs on EU automobiles.
Global Markets: Asian Stock Markets : Nikkei up 0.58%, Shanghai Composite up 2.09%, Hang Seng up 0.96%, ASX up 0.71% Commodities : Gold at $1295.15 (-0.09%), Silver at $14.81 (-0.03%), Brent Oil at $71.07 (-0.24%), WTI Oil at $61.37 (-0.66%) Rates : US 10-year yield at 2.417, UK 10-year yield at 1.106, Germany 10-year yield … Continue reading Wednesday 15th May: Asian markets on the path of recovery
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.
