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July 2 (Reuters) – The Asian title loses ground in the wake of SHANGHAI, while in Mexico, the peso is stable after the victory of the left dandelion Andres Manuel Lopez Obrador.
The election result eliminates a source of uncertainty though, with Obrador at the presidency, one Expects a more nationalistic and intensified tension between Mexico and the United States, say the dealers.
The dollar is trading at 19.9510 pesos, not far from the low of 19.5580 hit last week.
Crude oil affects the increase in production in Saudi Arabia, announced via Twitter by US President Donald Trump. BRENT futures are worth about $ 1 to $ 78.22 per barrel; NYMEX derivatives fell 68 cents to 73.46 dollars per barrel.
SHANGHAI loses 2% and weighs negatively on the whole region. The MSCI index, which does not include the Japanese Nikkei, is selling at 0.7% after losing 2% last week.
TOKYO left nearly 2.2% on the ground, driven by the confidence of major manufacturing firms that deteriorated for a second consecutive quarter between April and June, according to the Tankan survey. In contrast, the manufacturing PMI was slightly accelerated in June. The last reading is established at 53.0 against 52.8 in May against 53.1.
SINGAPORE loses 0.7% against financial and industrial securities, with the Oversea-Chinese Banking Corporation (-1.1%) leading the discount.
Naturally, the intensification of trade tensions with the United States also weighs naturally. The first Chinese import duties will begin on July 6th.
On the website www.reuters.com other Reuters news in Italian. The best news also on www.twitter.com/reuters_italia
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