|Day's Range||21,223.97 - 21,384.86|
|52 Week Range||18,224.68 - 24,129.34|
World shares fell on Wednesday and the U.S. dollar eased off three-week highs as market participants awaited a likely increase in U.S. interest rates and guidance on how many more to expect for this year. Investors were also spooked by signs of a brewing global trade war after the Wall Street Journal reported that China was planning counter-measures against U.S. trade tariffs. U.S. stocks, which were roiled by a hefty selloff in technology shares this week, were down in early trading.
It’s all about the FED today and, while the markets are expecting a rate hike, how many rate hikes will be projected for the year will be key. Across the Pond, UK unemployment and wage growth figures will also be in the spotlight ahead of tomorrow’s BoE monetary policy decision.
Investing.com – Asian equities traded higher in morning trade on Wednesday as investors await the Federal Reserve’s decision on U.S. rate hikes this year.
U.S. stocks ended higher on Tuesday, led by strong gains in the energy sector as the overall market attempted to reclaim some ground lost the previous day when tech shares fell sharply.
A rise in oil prices to three-week highs helped lift equity markets worldwide on Tuesday, while the U.S. dollar jumped ahead of a meeting of Federal Reserve policymakers, who are expected to go ahead with the first of at least three U.S. rate hikes this year. U.S. technology stocks lagged broader markets, continuing a sell-off sparked by reports of large-scale misuse of Facebook user data. Facebook Inc (:FB.O) shares lost 2.5 percent, continuing a slide that took nearly 7 percent off their price on Monday.
Asian stocks fell Tuesday, though paring earlier losses after tech shares fell sharply in the U.S. overnight due to concerns about whether Facebook Inc. did enough to stop improper access and handling ...
Investing.com – Asian stocks were lower in morning trade on Tuesday, with technology shares leading the drop amid reports of a Facebook data breach.
The U.S Dollar was on the move this morning as focus continues to shift to tomorrow’s FOMC, with FED Chair Powell having raised the prospects of penciling in 4 rate hikes for the year. For the Pound, this morning’ inflation figures will be key, while ECB members also talk of a shift in policy in interest rates.
U.S. stocks joined a broad decline in global equity markets on Monday as traders turned cautious ahead of the Federal Reserve's policy meeting this week and amid continuing concerns about the threat of a global trade war. At the same time, shares of Facebook Inc (NasdaqGS:FB - News) shed nearly 7 percent after reports that a political consultancy that worked on U.S. President Donald Trump's 2016 campaign gained inappropriate access to data on 50 million of the social network's users.
The G20 meetings will take center stage for investors in the coming hours as trade and politics intertwine. The growing scandal in Japan is causing an uproar and risk adverse trading. The Yen has been strong, but the Euro and Pound have been relatively weak against the U.S Dollar.
The theme of the early trade is being driven by concerns over a potential trade war and turmoil within the U.S. administration. Stocks in Asia and Europe posted losses during their respective trading sessions, mostly on concerns surrounding a possible trade war.
Investing.com – Asian equities were mixed in afternoon trade on Monday. Personnel changes in China’s government and the People’s Bank of China (PBOC) gathered attention as Yi Gang, a vice governor of the PBOC, has been nominated to replace Zhou Xiaochuan as the head of the Chinese central bank, according to parliament delegates. Investors’ focus now turns to Jerome Powell’s first meeting as chairman at the Federal Reserve on Wednesday.
Investing.com – Asian equities were mixed in morning trade on Monday. Personnel changes in China’s government and the People’s Bank of China (PBOC) gathered attention as Yi Gang, a vice governor of the PBOC, has been nominated to replace Zhou Xiaochuan as the head of the Chinese central bank, according to parliament delegates. Investors’ focus now turns to Jerome Powell’s first meeting as chairman at the Federal Reserve on Wednesday.
Capitol Hill and sentiment towards this week’s FED interest rate decision and outlook on rates will be key, with a quiet day on the data front giving the markets time to consider what lies ahead, with the BoE and Euro Summit also in focus.
Haruhiko Kuroda, confirmed for a new five-year term as Bank of Japan governor, faces pressure to end his experiment with radical monetary easing even though he says the nation isn’t ready yet.
With the economy growing for eight straight quarters and unemployment near a 25-year low, choosing Japan mutual funds is the way to go.