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8月7日《International Market Focus》technology sector led the rise, US stocks technical rebound

US: The US stock market rebounded technically, and the technology sector led the gains. The index rose by more than 1%. The US stock market Dow Jones index rose 311.78 points, or 1.21%, to close at 26,029.52 points. The Nasdaq index rose 107.22 points, or 1.39%, to close at 7,833.27 points. The S&P 500 index rose 37.03 points, or 1.30%, to close at 2,881.77 points.

 

US: White House economic adviser Larry Kudlow said that President Trump is still open to agreement and has a flexible tariff on China.

 

Australia: The Reserve Bank of Australia decided to keep the cash rate unchanged at 1%, in line with market expectations, and the tension between China and the US trade war has raised the Australian dollar to its lowest level in 10 years.

 

Europe: European stock markets fell sharply on Monday, and Sino-US trade tensions rose rapidly, continuing to scare global investors. The pan-European Stoxx 600 index fell 8.72 points, or 2.31%, to close at 369.43 points. .

 

Southeast Asia: Sino-US trade war escalated, Southeast Asia stock market fell, Vietnam stock market fell 0.88%, Philippines stock market fell 1.56%.

 

Commodities: US-China trade is fierce, threatening global economic growth, safe-haven buying triggered gold gains, and gold rose $1.72, or 0.5%, to $1,470.91 an ounce.

 

Commodities: As the market remains concerned about global energy demand and the uncertainty of the US´s major trading partnerships. Crude oil futures fell $1.06 or 1.9% to close at $53.63 a barrel.

 

Currency: After falling for three consecutive days, the US dollar index rebounded moderately by 0.09% and rebounded to 97.6.

 

Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable. However, we do not verify such information. We do not guarantee its accuracy or completeness, nor do we take responsibility for any loss occasioned by reliance placed upon the contents hereof. Any statements nonfactual in nature constitute only current opinions, which are subject to change.  PC Securities Ltd (or one of its affiliates) or their officers, directors, analysts, or employees may have positions in securities or commodities referred to herein, and may, as principal or agent, buy and sell such securities or commodities.  Neither the information nor opinion expressed in this report shall constitute a solicitation to buy or sell any securities.

 

2019-08-07   Back