Morning wrap

6:20 AM November 13, 2019
  • US indices finished yesterday’s session slightly higher with NASDAQ rising 0.3% and SP500 rising 0.2%, Dow Jones closed flat

  • Falls have prevailed across Asian markets so far with Hang Seng losing as much as 1.8% and losses elsewhere ranging from 0.3% to 0.9%

  • Donald Trump said the US will increase tariffs on China substantially if a broader agreement is not reached

  • RBNZ held rates unchanged sending the kiwi much higher as the consensus had pointed to another 25 bps cut, the decision was unanimous - the NZD is gaining 1.1% against the USD this morning

  • Japanese PPI for October fell 0.4% YoY, the estimate had called for a 0.3% YoY decline

  • South Korean unemployment rate ticked up to 3.5% from 3.4% in October

  • Fed’s Kashkari said he is a little more optimistic on the US economy then he was a few months ago

  • Hong Kong announced suspension of all schools on Thursday (it may be an additional drag on Hang Seng)

Chinese CHNComp under renewed selling pressure as unrest in Hong Kong keeps spreading. Source: xStation5
Share:
Back

Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for everyone, so please ensure you fully understand all of the risks.

Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Losses can exceed deposits

×