most of The Asian exchanges see the red on Friday.
After recovery in the early trade, turned the arrows down for that optimism among innkjøpssjefene in chinese manufacturing fell more than expected in January.
Innkjøpssjefsindeksen (PMI) Caixin fell from 51,9 in December (the highest listing at 47 months) to 51,0 in January. This was something just short of Reuters ‘ consensus on 51,2.
the rise in interest rates in China
at the same time surprised China’s central bank to raise its short-term lending rates. The so-called repo interest rates were raised by ten basis points to 2,35 per cent.
- the central Bank has moved away from key rates as their renteverktøy. But this does not mean the start of a innstramning, writes senior economist Iris Pang at Natixis, according to CNBC in a note on Friday.
After a week-long celebration of the chinese new year re-opening of the Shanghai stock exchange with a 0.5 per cent decline for the Composite index, while large cap index CSI 300 also falling 0.5 per cent.
In the Hong Kong’s Hang Seng unchanged.
Sony-rally after the numbers
“Down under” ended the Sydney stock exchange down 0.4 per cent, weighed down by energy and materials.
In Japan ended with the Nikkei up a marginal 0.02 percent to 18.918,20, while the broader Topix index came in at 1.514,99 after a rise of 0.3 per cent. Sony was among the winners, and popping up over five percent after having added up the numbers for their accounting 3. quarter.
In South Korea’s rose Kospi 200 index 0.1 per cent, according to figures from the central bank showed that the country’s surplus on the trade balance rose to 8,57 billion dollars in December, the highest in six months.
Asia-the overview here.
Trump concerns
the Market worry that Wall Street yesterday for president Donald Trump’s debate with countries like Mexico, Iran and Australia.
I think the markets were scared of Trumps travel restrictions, and there have not been many positive news that might lift them up again to a rising trend, ” says deputy commissioner of trading and derivatives at Charles Schwab, Randy Frederick, to CNBC.
Trump has warned Mexico’s president Enrique Pena Nieto that the united STATES is ready to send forces into the country to stop the “bad hombres down there” if not the country itself do more to control them, according to an excerpt of a printing AP must have been of the call.
Furthermore, Trump administration put Iran “on notice” after the implementation of a ballistic missiltest.
Iran-turmoil for oil prices?
the Washington Post shows then to a conversation Trump had with the Australian prime minister Malcolm Turnbull last Saturday. Advocates for the american authorities have told the newspaper that Trump informed the former Goldman Sachs employees Turnbull about that he had talked with other political leaders the same day, and “this was the worst call so far”.
the Market recognizes that someone in a very influential position, as president, is unorthodox. People will still keep on to learn how to relate to him, ” says chief strategist Jeremy Klein in FBN Securities to CNBC.
chief analyst Naeem Aslam at Think Markets in London think of the Iran-messages can contribute to more volatility in oil prices.
- If the U.S. reintroduces the sanctions against Iran, it can create several problems for the EU partners, ” he says to the CNBC.
the united STATES-the comment here.
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