Today’s Market News |
Key developments to markets on Monday: |
|
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower |
44,303.40 | -444.23 | 0.99%Negative |
|
trading lower .IXIC |
19,523.40 | -268.59 | 1.36%Negative |
|
trading lower .SPX |
6,025.99 | -57.58 | 0.95%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower .N225 |
38,735.93 | -51.09 | 0.13%Negative |
|
unchanged .HSI |
21,133.54 | — | — |
|
trading lower .BSESN |
77,860.19 | -197.97 | 0.25%Negative |
Fixed income
US 10-year notes were at 4.495%, from last week’s low of 4.400%.
|
If inflationary pressures in the United States are bubbling up, they are pointing in the opposite direction in China – figures on Sunday showed that the battle against deflation is far from over. in Japan, where bond yields and the currency are rising. The two-year government bond yield is the highest since 2008, and the yen has appreciated 5% in a month. |
Equities
Asian markets set for a rocky open on Monday following Wall Street’s selloff on Friday, as U.S. inflation concerns bubble up and global trade war fears intensify.
Trump’s comments mark an escalation of his ‘America First’ offensive to reshape global trade relationships. There may be a reprieve, like there was with the Mexico and Canada tariffs recently, but if not, many Asian economies are vulnerable.
Forex
DXY firm at 108.26. EUR dipped 0.1% to $1.0313 , while AUD fell 0.2% to $0.6260.
Commodities
XAU steady at $2,860 per ounce early Monday.
For more news visit Reuters.com
