ASIA STOCKS RECOVERED FROM LOWS TODAY
Asian stocks follows the global stocks on Wednesday. The sentiments were smoothen at least for the near term after Washington delayed tariffs on some Chinese imports . However there has been disappointing Industrial production China data for July. Thee MSCI’s broadest index of Asia-Pacific shares outside Japan MIAPJ0000PUS rose by 0.9%. Despite the fact Hong Kong political turmoil continue to haunt the investors.
BANK OF JAPAN ON HIGH MOMENTUM TO EASE MONETARY POLICY- KEEPS YEN STRONGER AGAINST DOLLAR
Japan economy expanded at an annual pace of 1.8% in Q2 . The consumer spending has been strong however business investment struggled. The major concerns remained stronger yen and escalating U.S.-China trade war. As per the latest Reuters survey the BOJ’s next move will be to ease which it has already signaled .The central bank last month committed to expand stimulus if a global slowdown derails the economic recovery
OIL PRICES LOOK FORWARD TO US INVENTORIES
Oil prices although manages to stay above $56 is still trading with negative bias in Asia as expectation of rise in stock piles hurting the sentiments.
EUROPEAN STOCK MARKET TOOK BREATHER ON TUESDAY
European stocks took the clues from the speculative news that US might delayed the additional tariffs on Chinese imports which being confirmed later on Tuesday. The pan-European Stoxx 600 closed higher by 0.6%.
UK ON STRONG PATH AMID RECORD HIGH EMPLOYMENT FIGURES SAYS BRITAIN CHANCELLOR
Sajid Javid UK Chancellor is being confident about the state of the economy as despite being the uncertainties of global trade jitters and Brexit concerns the economy going strong on the employment front. The recent figures suggest a a record high growth while wages also grew.
US EQUITY CLOSED WITH SOLID GAINS
U.S. stocks closed in positive territory after Trump’s decision to delay US tariffs on certain consumer goods until December 15. The S&P index closed up 43.24 points or 1.50% at 2926.33, the Nasdaq index rose 152.94 points or 1.95% at 8016.36 and the Dow rose 382.20 points or 1.48% at 26279.91.
US AND BRITAIN ARE IN PROCESS OF TRADE DEAL
The White House national security advisor John Bolton visited the UK yesterday and discussed many things including future trading relations. Where he is working on a partial trade agreement that could take effect on November 1. He added, President Trump and himself are likely to sign a roadmap declaration toward eight trade deal at G7 the summit in France.
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