Friday, 26 January 2018

Asian equity indexes mixed; Trump and US Q4 GDP in focus

Posted by FortFS at 09:48 Labels: , ,

Asian markets were mixed on Friday as market players digested confusing remarks from President Trump, while keeping an eye on the US economic agenda.

The Dow Jones industrial average once again ended the previous session at a record high on after Caterpillar and 3M reported better-than-expected quarterly earnings.

However, gains were capped by remarks from President Donald Trump, who said under his administration the greenback will get "stronger and stronger".

The S&P 500 ended 0.1 percent to the upside at 2,839.25, while the Nasdaq composite finished with a similar variation lower at 7,411.16.

Market participants will be focusing on the Davos forum, where President Donald Trump is expected to speak later in the day. Attention will be mainly on the dollar and its dynamic.

Trump is likely to emphasize the importance of his “America First” policies, including the withdrawal from the North American free-trade agreement (NAFTA) and or the Paris’ Global Climate Change agreement.

Speeches by Bank of England Governor Mark Carney and Bank of Japan Governor Kuroda are set as of 14:00 GMT. These two speakers will be carefully examined over policy issues.

<<< Asian Stock Indexes at 07:40 GMT >>>

Australia ASX S&P                -4.10               -0.07%            6,164.70
Shanghai Composite             +9.82              +0.28%           3,558.13
Hong Kong Hang Seng          +391.10          +1.20%           33,045.55
Japan Nikkei 225                   -37.61             -0.16%            23,631.88
Taiwan TSEC 50 Index          -18.85             -0.17%            11,147.10

<<< Next in Europe >>>

No relevant economic data is due today.

<<< Next in the United States >>>


Ahead in the day, traders will be focusing mainly at the release of the US fourth-quarter gross domestic product as of 13:30 GMT, with an estimated growth rate of 3.0 percent. At the same time, durable goods orders will be for December will be out.

1 comment :

  1. beanter813 August 2020 at 08:05

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    ReplyDelete

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