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Asian Shares Exceed 6 Months Limit Against Fed Political Decisions



© Reuters. Man walks through an electronic stock exchange that is not a Tokyo brokerage firm

Hideyuki Sano

TOKYO (Reuters) – Asian stocks fell from six months on Wednesday when investors earned before the US political decision Federal Reserve, which is expected , MSC's largest Asia-Pacific stock index outside Japan declined by 0.4 percent, driven by losses in Australia and South Korea

.

Japan has not changed much, and Chinese mainland stocks have fallen by 0.5 percent.

Wall Street shares were narrowly mixed on Tuesday, and lost 0.01

percent, while Nasdaq was 0.12 percent. ()

Some market participants said sales were driven by US concerns about China's turning to American needs in trade negotiations

However, in general, many market participants expected a trade deal. between Washington and Beijing as officials on both sides were blocked in negotiations

Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are planning to travel to China next week for another round of trade talks with Chinese vice president Liu, a short-term administration official said Tuesday.

"China Wants to Arrange Not to worry about meeting, many things will be resolved," said Wang Shenshen, strategist at Tokai Tokyo Research Center.

The confidence of Asian companies in the first quarter remained almost three years in the US and China's trade dispute continued, reducing the global economy, which is already falling, according to a Thomson Reuters / INSEAD survey. [ASIATOPCO/]

The surveyed companies described the World Trade War as a core business with rising interest rates and a slowing Chinese economy

It is likely that the Federal Securities Markets will remain stable in the future, so the main market will focus on its policy-makers' forecasts for the coming years. [1]. 9659015] Since the beginning of the year, Fed Chairman Jerome Powell said the central bank would be patient – interpreted as a code word to secure interest rate increases – due to slowing economic growth in the United States and many parts of the world.

Financial market prices have fallen even further this year. Fed fund futures suggest that by the end of the year it will fall by about 30 percent.

It is also expected that the Fed plans to break its $ 4 trillion balance or so-called quantitative tightening. Many policy makers have suggested that the Fed will complete the process by the end of this year and stabilize its bond assets.

"I think the market consensus is the same as the end of September, but we expect the Fed to finish its balance sheet in June, about $ 3.85 trillion, based on our estimates of excess reserves, the Fed will need," said Shuji. Shirota, Tokyo's HSBC Securities Macroeconomic Strategy Guide

. The US dollar, which was already hit by Powell this year, but showed that a tighter cycle was halted at the previous meeting

The dollar index against the basket of six major currencies hit 2 1/2 weeks ago. 96,288 on Tuesday and last on 96,465.

The euro has changed little – $ 1.1354, next to Tuesday's two-week high – $ 1.1362.

The dollar brought 111.61 yen, slightly increased on the day, but below Friday's nine-day high – 111.90.

The Australian dollar is approaching 0.2 percent. to US $ 0.7071, as country bond yields have increased their downturn to the lowest level in many years due to expectations of lowering interest rates in Australia.

6% Vale SA will start working again in its largest iron ore mine in Minas Gerais

The British pound remained hostage on the Brexit headline.

It is expected that Prime Minister Theresa May will ask the European Union to postpone Brexit for at least three months after its plan to hold its third vote on its deal was offended by an unexpected intervention by a parliamentary speaker

. May. Parliament warned that if it did not ratify its deal, it would ask for the postponement of Brexit after 30 June, which Brexit advocates fear to endanger the entire divorce.

On the other hand, EU Chief Negotiator Michel Barnier said that an extension would only be meaningful if the possibility of ratifying the May deal in the UK House of Housing was increased.

Sterling was $ 1,3265 for the last time and $ 1,3380 for a nine-month peak. 19659004] Oil prices close to a four-month high, expectations that OPEC continued to cut production by the end of the year and after receiving data from the American Petroleum Institute (API), have surprised the stocks of raw materials

. West Texas Intermediate (WTI) futures were $ 59.02 per barrel after November.


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