[ad_1]
Asian equities faltered early Friday in trade, struggling to rid itself of yesterday's global market turmoil, after weak results from tech giants Alphabet Inc. and Amazon.com, raising serious concerns over trade growth and economic growth.
The regional stock markets have arrived despite Wall Street's overnight rebound, spurred by the search for bargains and earnings from Microsoft Corp.
However, these gains have been put into perspective, as the shares of Amazon.com Inc. and Alphabet Inc have fallen sharply
As one could expect, the futures on the Nasdaq have declined by 0.9% and S & P E-mini futures fell 0.6%, highlighting general concerns about US corporate profits and the outlook for the economy, which sparked a Wall Street Wednesday and the world markets in freefall.
In Asia, the broadest index of the Asia-Pacific equities (MSCI) market outside Japan remained unchanged after a slight downward trend.
The index was bruised by a strong sell in recent days, tumbling more than 3% this week.
South Korea's Kospi also lost 0.6% and Australian equities rallied to modest gains of 0.2%. Japan's Nikkei stock index was the biggest gain, up 0.5%, even though it only partially cleared Thursday's 3.7% drop.
Financial markets have been swept away in recent sessions on global growth concerns as investors feared trade frictions between mixed US corporate profits, Federal Reserve rate hikes and budget problems Italian. The slowdown in China has been particularly worrying for policymakers and investors as it has hit the currency and commodity badet markets.
Capital Economics badysts issued a cautionary note, suggesting that Thursday's rebound in the S & P 500 index was only temporary. while investors are worried about worsening economic outlook.
"The first and most important (concern) is that the tightening and loosening of fiscal stimulus will result in a deterioration of the US economy … Analysts said in a note addressed to their customers.
"As we have been saying for some time, these concerns are likely to worsen over the next twelve months."
Investors »Government to Release GDP Data for Third Quarter
ANZ badysts pointed out that US durable goods data was weak, suggesting that" investment was taking off not even with the apparent consequences of tax cuts and the repatriation of the USD. "
" This indicates that the fiscal stimulus generated by the fiscal stimulus could be quite transitory, "the badysts said.
On the foreign exchange markets, the euro fell slightly, The President of the Bank European Central, Mario Draghi, said that the program of badet purchase of 2.6 trillion euros (2.96 billion dollars) will complete this year and that the rates of Interest could increase after next summer, despite fears about the economic and political future of the monetary union.
the single currency was 0.04% lower at 1, 1370 USD.
The dollar lost 0.1% against the yen at 112.29 The dollar index, which tracks the greenback versus a basket of six major rivals, was also 96 % at 96,594
The yield on 10-year Treasuries has risen to 3.1073% from 3.126% on Thursday
Oil prices have fallen on the heels of the rise previously made by the Saudi energy minister that actions may be needed to reduce oil stocks.
US crude dipped 0.85% to 66.76 dollars a barrel. Brent crude fell 0.6% to $ 76.43 a barrel.
Spot gold remained unchanged at $ 1,231.75 an ounce.
[ad_2]
Source link
