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10 Sep《International Market Focus》market news is intricate, US stocks are almost flat

The United States: The United States and China finalized the mutual impact of poor face-to-face negotiations in Washington and non-agricultural employment in the United States in October, the main index of the US stock market was almost flat. US stocks Dow Jones rose 38.05 points, or 0.14%, to close at 26,835.51 points. The Nasdaq index fell 15.64 points, or 0.19%, to close at 8,087.44 points. The S&P 500 index fell 0.28 points, or 0.01%, to close at 2,978.43 points.

 

US: Since US President Trump’s withdrawal from Iran’s nuclear agreement last year, the US team Iran restarted sanctions, resulting in Iran’s crude oil exports have now been reduced by more than 80%. A US official said on Sunday (8th) that the United States will continue to impose sanctions on those who purchase Iranian oil or do business with the Iranian Revolutionary Guard, and will not re-grant immunity.

 

Europe: Under the influence of the US-China trade war and global economic growth, the pan-European Stoxx 600 index fell 1.08 points, or 0.28%, to close at 386.06 points.

 

South Korea: The Cabinet Office of Japan issued a revised gross domestic product (GDP) for Q2 in 2019. The real GDP after removing the impact of price changes increased by 0.3% compared with the same period of last year, and increased to 1.3% after conversion to the annual rate.

 

Southeast Asia: Southeast Asian stock markets are intricate, Indonesia´s stock market rose by 0.16%, and Malaysia´s stock market fell by 0.62%.

 

Commodities: Last week´s US employment report showed that the labor market continued to strengthen, easing investors´ concerns about the economic slowdown, and gold hit its lowest level in two weeks. Gold fell by $0.2, or 0.01%, and the price of gold was at $1,506.86 per ounce, closing at a two-week low.

 

Commodities: The Minister of New Energy of Saudi Arabia has indicated that it will continue to reduce production. Crude oil futures rose $1.33, or 2.4%, to close at $57.85 a barrel.

 

Currency: On Friday, the chairman of the Federal Reserve, Bauer, said that he would take appropriate action depending on the economic situation. The market expects the Fed to cut interest rates by one yard this month. The US dollar index was relatively modest, with a correction of 0.06% to 98.3.

 

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.

 

2019-09-10   Back