Breaking News

China's shares slump as tensions rise with U.S.

News Date: 27/10/2015 01:24:01

 Asian stocks fell on Tuesday, with China's shares falling the most as geopolitical tensions intensify with America. China's Shanghai index fell 1.82%. CSI 300 index fell a similar 1.87%. Traders cite reports of U.S. navy patrolling Spartly Islands in the South China Sea, defying China's exclusive claims to the islands and its surrounding waters.


Japan's Nikkei fell 0.94%. Australia's S&P\ASX 200 fell 0.12%. Korea's KOSPI fell 0.49%. India's Nifty lost 0.32%.


U.S. indexes ended Monday with little movement. Dow Jones fell 0.13% to 17,623. S&P 500 lost 0.19% to 2,071. NASDAQ rose 0.06% to 5,034.


Yen kept up its strong performance as prospects of a BOJ easing dwindled, it rose for the second day against the dollar to 120.57. Against Euro it more than erased its Monday's losses, trading at 133.38. It rose to a five-day high against sterling at 185.11.


Dollar index lost 0.11% to 96.80. Dollar fell 0.06% against Euro to 1.1064. It eased back against Sterling for the second day, trading at 1.5353.


Crude oil was in a further downward pressure, with Brent futures for December falling 11 cents, or 0.23% to $47.32 a barrel. U.S. crude futures lost 46 cents, or 1.03% to $43.53 a barrel.


Spot gold lost $1.70, or 0.15% to $1,164.50 an ounce. Silver fell 6 cents, or 0.41% to $15.84 an ounce.


Investors will be waiting for Apple's results later today, crucial for determining the direction of global stocks this week. A survey for private loans in the Euro zone will also be released today, expected to have grown 1.1% in September y\y. missing the forecast would be bearish for Euro.


A preliminary GDP calculation of third quarter for Britain is expected to put it at a positive 0.6% q\q. Vital for sterling trading, coming at or beating forecasts will reassure investors of the state of the British economy.


From the U.S., Manufacturing orders for September are forecast to have stabilized m\m, opposed to falling 0.2% in August. Also from the U.S., A survey of consumer confidence is slated for today, forecast to come at 102.5 for the current month, easing down from 103 for September. Missing forecasts for both of these surveys will have negative impact on the dollar as it might force the Fed to delay hiking interest rates.     

Latest news

Gold futures rose for December delivery according to the Asian session on Friday. As it increased by 0.47%, to be traded at the price of 1959.00 dollars per ounce, and it was previously traded at a
09-2020 18 06:02:31

Oil prices rose this morning, due to the halt in oil and gas production due to a hurricane in the United States of America, as the price of crude oil increased by approximately 1.5%, reaching 41.13 d
09-2020 16 06:30:20

We open the trading week with a rise in gold prices today, after it witnessed a decline in the last days of last week, as it is a safe haven for investors, especially when crises that negatively affe
09-2020 14 06:22:57

Gold prices experienced a remarkable decline at the beginning of the week after it concluded its Asian trading at a high, affected by the great rush of investors, if this morning the gold futures con
08-2020 31 08:11:31

We start today's events, Tuesday, by the rise in oil prices affected by the easing of precautionary measures to combat turquoise corona in the world. US West Texas crude futures are expected to decre
08-2020 26 04:51:45

More News