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Additional Upside Seen For South Korea Stock Market
The South Korea stock market bounced higher again on Monday, one session after ending the four-day winning streak in which it had rallied more than 130 points or 4.1 percent. Now at a four-year closing high, the KOSPI sits just above the 3,200-point plateau and it may tick higher again on Tuesday.
The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
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China GDP Data Due On Tuesday
China will release a batch of data on Tuesday, highlighting a busy day for Asia-Pacific economic activity. On tap are Q2 numbers for gross domestic product and June figures for industrial production, retail sales, fixed asset investment and unemployment.
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Canadian Dollar Strengthens Amid Risk Appetite
The Canadian dollar advanced against its most major counterparts in the New York session on Monday, as investors shrugged off tariff threats from President Donald Trump over the weekend.
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Swiss Market Settles Slightly Up After Lackluster Session
The Switzerland market, which remained in the red save for a brief while at the fag end of the day's session, settled with a small gain on Monday.
The mood in the market was very cautious as trade war fears escalated after U.S. President Donald Trump announced over the weekend that he would impose a 30% tariff on EU imports from August 1.
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European Stocks Close Mostly Lower
Despite staging a recovery in late afternoon trades, European markets mostly ended on a weak note on Monday as worries about global trade escalated after U.S. President Donald Trump announced over the weekend that he would levy a 50% tariff on EU imports from August 1.
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Bay Street Likely To Open On Mixed Note
Canadian shares may open on a mixed note Monday morning, tracking a weak lead from European markets and firm commodity prices.
The mood is likely to be cautious as investors await Canadian inflation data for the month of June on Tuesday.
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Pound Falls As Traders Speculate BoE Rate Cut Decision
The British pound weakened against other major currencies in the European session on Monday, as traders speculate that the Bank of England (BoE) is likely to reduce its interest rate in the next month's monetary policy decision.
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Berita lainnya
FTSE 100 Modestly Higher
The U.K. market is up in positive territory on Monday, even as other major markets in Europe are languishing in negative territory amid rising concerns about trade war following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.
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Dollar Rebounds As Trade War Escalates
A steep escalation in the trade related tensions between the U.S. and its trade partners boosted the dollar and the Dollar Index during the week ended July 11.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Monday.
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CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment
French stocks are down in negative territory on Monday, weighed down by trade war concerns following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.
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DAX Notably Lower As Trade War Worries Mount
German stocks are notably lower on Monday as trade war worries escalated after U.S. President Donald Trump threatened over the weekend that he would impose a 30% tariff on EU imports from August 1.
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Sensex, Nifty Decline As Trade Tensions Weigh
Indian shares ended Monday's session lower as U.S. President Donald Trump escalated his trade offensive, leading to increased volatility in global markets and prompting investors to seek refuge in safe-haven assets.
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