Investor mistrust plunges global markets

Global markets were once again affected by a number of factors that had a negative impact on investor sentiment, including concerns about the stability of the Italian government and the political turmoil caused by investor turmoil. by the sudden contraction of the British economy, which put pressure on the European markets. US stocks fell, led by a decline in the technology sector due to the trade war. The Dow Jones Industrial Average fell 41.10 points, or 0.16%, to 26,337.09. The Standard & Poor's 500 index is down 7.58 points, or 0.26%, to 2,930.51. The Nasdaq Composite Index was down 41.97 points, or 0.52%, to 7,997.17.

European retreat

European equities also fell and suffered losses for the second week in a row. The Stoxx 600 lost 0.2% after posting its best daily performance in nearly two months on Thursday, following China's positive trade data and the stability of its currency. The health care sector helped to limit losses in the benchmark, supported by Novo Nordisk, whose quarterly operating profit exceeded expectations and after the company raised its sales forecast for 2019.

Japanese uphill

Japanese equities closed higher as the Nikkei squeezed out of the seven-month low as investors were encouraged by the Wall Street rebound on Monday. The Nikkei <.N225> was up 0.44% to 20,684.82.

The index fell to 21,110.76 on Tuesday, its lowest level since Jan. 10.

Inpex Corp, the developer of oil and natural gas fields, grew 2.6%, after operating profit up 40.7% in the three months between April and June.

Shiseido's cosmetics maker grew 8.1 percent after the company announced an increase in sales over the January to June period due to factors such as sustained demand in the Chinese market.

Fujifilm Holdings fell 6%, as the company's net profit dropped 48.2% between April and June, as sales of its cameras dropped. The broader Topix index gained 0.35% to 1503.84 points. The problems in progress have exceeded the shifters 1209 to 837.

High Gold

Gold has surpbaded the $ 1,500 mark for the best weekly performance since April 2016, while the yellow metal is witnessing a new trend of buying, constituting a safe haven badet due to the escalation trade disputes between China and the United States.

Spot gold rose 0.5% to $ 1,077.22 an ounce. Earlier this week, gold prices broke the $ 1,500 mark for the first time since April 2013.

The precious metal has increased 4.6% since the beginning of this week and is heading towards the best weekly performance in more than three years. Futures on US gold rose 0.6% to $ 1,519 an ounce.

Gold has risen more than 17% since the beginning of the year and more than 100 dollars last week, reflecting trade tensions and the move of central banks to easing monetary policy, fearing a slowdown in growth.

For other precious metals, silver jumped 1.2% to 17.11 dollars an ounce and is heading towards a weekly gain of more than 5%. Platinum gained 0.55% to $ 865.08 and is heading for the best weekly performance in four weeks.

Sterling Falls

The pound continued to drop yesterday to its lowest level in more than two years after an unexpected contraction in the UK economy in the second quarter of the year alarmed investors worried about Brexit without agreement falling to 1.2056 USD.