In Asian Equity Markets indices were higher on Tuesday. Hong Kong’s Hang Seng index gained 0.94 percent in early trade, while the Shanghai composite over on the mainland advanced by 0.88 percent. In Japan, the Nikkei 225 advanced by 0.65 percent in the morning, while the Topix index also saw gains of 0.43 percent. Shares of Softbank rebounded in the morning, bouncing by 3.22 percent following yesterday’s decline. The ASX 200 traded higher by 0.54 percent in the morning, with most sectors trending higher.

 

In Currency Markets the U.S. dollar was on the defensive on Tuesday after weak retail sales data, with the safe-haven yen and Swiss franc benefiting from tensions between the West and Saudi Arabia and amid a standoff on Brexit talks over Britain’s plan to exit the EU. The Japanese yen was changing hands at 111.84 on the dollar, near its one-month high of 111.61 hit on Monday. The Swiss Franc traded relatively unchanged versus the dollar at 0.9868, after tacking on 0.45 percent overnight.

 

In Commodities Markets oil prices rose on Tuesday on signs of falling Iran oil exports ahead of U.S. sanctions against Tehran in November, while geopolitical tensions remain over a missing Saudi journalist. International benchmark Brent crude for December delivery rose 9 cents, or 0.1 percent, to $80.87 per barrel. U.S. West Texas Intermediate crude for November delivery was up 5 cents at $71.83 a barrel. The API’s data is due for publication at 4:30 p.m. EDT on Tuesday, and the EIA report is due at 10:30 a.m. EDT on Wednesday.

 

In US Equity Markets stocks ended lower in a choppy trading session on Monday, dragged down by technology stocks amid worries over interest rates and corporate earnings. The S&P 500 lost 0.59 percent, to 2,750.79, and the Nasdaq Composite fell 0.88 percent, to 7,430.74. Apple Inc (AAPL.O) shares fell 2.1 percent after Goldman Sachs said there were multiple signs of rapidly slowing consumer demand in China, which could affect demand for iPhones this fall. The top gainers on the S&P were L3 Technologies Inc, which jumped 12.8 percent, and Harris Corp, which climbed 11.9 percent.

 

In Bond Markets U.S. Treasury yields rose on Monday despite stock market volatility stemming from rising borrowing costs and geopolitical risks, while the outlook for U.S. economic growth was tempered by weaker-than-expected data on domestic retail sales. The yield on 10-year Treasury notes was up 1.5 basis points at 3.156 percent, while the 30-year yield climbed by the same increment to 3.332 percent.

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