In Asian Equity Markets indices were mixed on Friday morning, as China released worse-than-expected gross domestic product figures as its protracted trade conflict with the U.S. continuing to take its toll on growth. Mainland Chinese markets were muted after the release of the data. Australia’s S&P/ASX 200 fell 0.70% in the morning. Over in Japan, the Nikkei 225 rose 0.51%, while South Korea’s Kospi was up 0.33%.

 

In Currency Markets the British pound traded near a five-month high against the dollar and the euro after British Prime Minister Boris Johnson and European Union leaders agreed a new deal for Britain to exit the bloc. Sterling’s gains on the dollar helped push the greenback to a five-month low versus the euro and a three-week low against the Swiss franc. The yuan held steady against the dollar in offshore trade before the release of China’s GDP data.

 

In Commodities Markets oil prices were stable on Friday ahead of data that analysts say could show China, the world’s largest oil consumer, just recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. Global benchmark Brent crude oil futures fell by 9 cents, 0.2%, to $59.82 a barrel. U.S. West Texas Intermediate (WTI) crude futures were up by 4 cents, or 0.07%, to $53.97 per barrel.

 

In US Equity Markets indices advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments. The S&P 500 gained 0.28%, to 2,997.97 and the Nasdaq Composite rose 0.4%, to 8,156.85. In other earnings news, shares of International Business Machines Corp were the biggest drag on the blue-chip Dow, sinking 5.5% after missing quarterly revenue estimates.

 

In Bond Markets U.S. Treasuries reversed earlier price weakness on Thursday as concerns grew that Britain’s parliament may not pass a deal designed to avoid a disorderly exit from the European Union. Britain secured a deal to leave the EU on Thursday after years of divisive and frequently acrimonious discussions, including successive days of late-night talks this week. Benchmark 10-year note yields were little changed on the day at 1.743%, after earlier rising as high as 1.799%.

User Auto Log Out 3 Hours Register |