|28 Aug《International Market Focus》US-China trade situation is unclear, US stocks fell|
US: The US-China trade situation is unclear. After the news of digesting trade and bullishness in the early trading, the US bond yield curve has intensified, and the US stock index has reversed the market and closed down. The S&P 500 index fell 9.22 points, or 0.32%, to close at 2,869.16 points. The Nasdaq index fell 26.79 points, or 0.34%, to close at 7,826.95 points. The US stock market Dow Jones index fell 120.93 points, or 0.47%, to close at 25,777.90 points.
Europe: The US-China trade situation is unclear. The pan-European Stoxx 600 index rose 2.34 points, or 0.63%, to close at 373.62 points.
Europe: Germany´s overall economic situation is not very optimistic, GDP growth in the second quarter was -0.1%, in line with earlier market expectations, net trade also contracted by 0.5%, offsetting personal consumption and government spending growth.
South Korea: South Korea´s central bank (BOK) today (27th) issued a statement that the consumer confidence index fell to 92.5 in August from 95.9 in the previous month, hitting a new low in January 2017, indicating that consumers´ concerns about the economic outlook have deepened.
Southeast Asia: Southeast Asian stock markets are intricate, Indonesia´s stock market rose by 0.74%, and the Philippines stock market fell by 1.62%.
Commodities: The data showed that major producers fell sharply in July, and US crude oil inventories were expected to decline last week. WTI crude oil futures for October delivery rose $1.29, or 2.4%, to $54.93 a barrel.
Commodities: The possibility of US-China trade negotiations may be sharply reduced, investors´ demand for safe-haven commodities will be deepened, and US stocks will plummet. US bond yields will fall, stimulating both silver and gold. Gold rose $15.35, or 1%, and gold price was $1,552.55 per ounce.
Currency: The market´s worries about the US recession have re-emerged, causing the US dollar to fall 0.07% to 97.925 after the shock.
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