EUR/USD 1.07990
0.056%
Gold 3122.86
0.279%
Oil 70.784
-0.121%
USD/JPY 149.293
-0.209%
GBP/USD 1.29395
0.136%
GBP/JPY 193.182
-0.054%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the European Mediterranean Seismological Center, a 4.7-magnitude earthquake occurred 118 kilometers south of Mandalay, Myanmar, at 17:15 local time on April 2, with a focal depth of 10 kilometers. The epicenter was located at 20.910 degrees north latitude and 96.076 degrees east longitude.On April 2, Royal Bank of Canada Global Asset Management Group expects that in addition to the measures already announced, US President Trump will announce a comprehensive increase in tariffs. Andrzej Skiba, head of the US fixed income department of asset management group BlueBay, said that other countries may follow with a wave of retaliatory measures. Even if individual steps can be reversed later through concessions, we believe that most steps will remain unchanged. The asset management companys baseline scenario envisions an average tariff rate of 10%, with some countries and industries bearing much higher burdens.ECB Executive Board Member Schnabel: The role of the United States is very important, and what happens in the United States may affect our decision-making.April 2: The trading volume of building materials was 120,300 tons, a decrease of 21.48% from the previous trading day. April 1: The trading volume of building materials was 153,200 tons, an increase of 46.74% from the previous trading day. March 31: The trading volume of building materials was 104,400 tons, an increase of 0.29% from the previous trading day. March 28: The trading volume of building materials was 104,100 tons, an increase of 5.58% from the previous trading day. March 27: The trading volume of building materials was 98,600 tons, a decrease of 3.99% from the previous trading day. March 26: The trading volume of building materials was 102,700 tons, a decrease of 19.64% from the previous trading day. Last weeks average: The trading volume of building materials was 115,020 tons.British Prime Minister Starmer: We are preparing for all possibilities of US tariffs.

Hang Seng Index, ASX200, Nikkei 225: Markets Find Brief Relief

Jimmy Khan

Feb 28, 2023 15:37


Industry Snapshot

Tuesday's early trading period for the Hang Seng Index and the larger Asian markets was positive. This morning, the Asian markets followed the Dow and the NASDAQ Composite Index into the green.


Riskier assets received support from US economic data on Monday, as the crucial Goods Orders Non-Defense Ex Aviation increased by 0.8% in January, correcting a 0.3% decline from December.


The recent decline in crude oil prices has given rise to expectations that US inflation will experience a brief hiccup in January. However, with the US jobless rate at 3.4% and high US inflation, the Fed's conservatives will have a strong influence in the upcoming sessions. Anxiety of making a mistake would prefer an over-tightening and a gentle landing over abandoning the fight against inflation, which would support a more aggressive direction for interest rates.


Growing global conflict between the US and China has dampened expectations for a strong first quarter for the Hang Seng Index based on the China reopening narrative. Russia-China relations over Ukraine continue to be of worry.


Mixed regional economic data this morning limited the gains due to persistent challenges in the global stock markets. Consumer purchasing pleased, continuing a pattern seen in Europe and the US, while industrial sector statistics showed warning.


The NASDAQ Composite Index increased by 0.63% on Monday, while the Dow Jones and S&P 500 both saw increases of 0.22% and 0.31%, respectively. The US Futures provided assistance this morning. The NASDAQ mini increased by 41 points while the DJI mini gained 50 points.



Suggestion