News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • 🇿🇦 Balance of Trade (OCT) Actual: ZAR36.13B Previous: ZAR33.51B https://www.dailyfx.com/economic-calendar#2020-11-30
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.25%, while traders in Germany 30 are at opposite extremes with 77.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dYXU7ukRwn
  • Heads Up:🇿🇦 Balance of Trade (OCT) due at 12:00 GMT (15min) Previous: ZAR33.51B https://www.dailyfx.com/economic-calendar#2020-11-30
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.57% Gold: -0.85% Silver: -1.92% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/sqkI5pXajb
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.31% 🇨🇦CAD: 0.28% 🇬🇧GBP: 0.18% 🇯🇵JPY: 0.10% 🇨🇭CHF: 0.10% 🇦🇺AUD: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JtkOOLrtBz
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-30
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.20% FTSE 100: 0.11% France 40: -0.39% US 500: -0.45% Wall Street: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Z8IqQDxEvC
  • Dividend investing is the practice of investing in dividend-paying stocks. Why should you invest in dividend stocks? Find out: https://t.co/v8jRlj0OvP https://t.co/84CzBgWQLg
  • Heads Up:💶 ECB President Lagarde Speech due at 10:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-30
  • 🇮🇹 Inflation Rate YoY Prel (NOV) Actual: -0.2% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-11-30
Asian Stocks Weaken On Wall St Lead Despite US-China Trade Deal

Asian Stocks Weaken On Wall St Lead Despite US-China Trade Deal

2017-05-12 07:34:00
David Cottle, Analyst
Share:

Talking Points:

  • Asian stocks wilted thanks to Wall Streets’ weak lead
  • Local data was completely absent, leaving markets to chew over older themes
  • The US Dollar slipped a little against the Yen, but remains up for the week

What will drive Asian Markets into 2017’s second half? Check out the DailyFX Quarterly Forecasts

Asian markets were broadly weaker Friday following a weak US lead and worries about retailers as US giant Macey’s posted woeful results.

News of a trade deal between China and the US failed to lift the mood much. The Nikkei slipped by 0.4%, with Australia’s ASX down 0.7%. The Kospi shed 0.5%. Chinese stocks were more mixed, with Shanghai and Hong Kong indexes higher and Shenzhen down by a whisker.

Unusualy there wasn't any first-tier Asian data for markets to ge their teeth into. German growth came in exactly as expected for the year's first quarter however.

The US Dollar eased back from eight-week highs against the Japanese Yen, but remains well up for the week, and is doing even better for the last four. However, markets are now looking forward to US data to see the extent to which they support the idea that one more interest rate rise will come, assuming that investors’ near certainty that rates will rise in June bears fruit.

Crude oil prices were steady with international benchmark Brent still above $50/barrel, reportedly as traders now expect production cuts to extend beyond the middle of this year.

Gold prices inched up as the US Dollar tracked lower. Investors are reportedly eyeing the US and possible fallout of President Donald Trump’s dismissal of Federal Bureau of Investigation Director James Comey this week.

The rest of Friday’s global session offers US consumer price data and advance retail sales, along with the University of Michigan’s consumer confidence snapshot and the Baker Hughes oil rig count. Eurozone industrial production is also on tap.

There is sure to be some focus on Bari, Italy, where finance ministers and central bankers from the Group of Seven major industrial democracies are meeting.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter: @DavidCottleFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES