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GLOBAL MARKETS REND

Yatheendradas C.k. at 10:23 PM - Aug 05, 2019 ( ) Views: 215

European shares joined a China-driven global sell-off on Monday, dragged down heavily by commodity-linked stocks as anxiety over trade frictions with the United States sent the country’s yuan below 7 per dollar for the first time in a decade. The pan-European STOXX 600 index fall 2.31%. The DAX is down 1.80% while London's FTSE 100 is off 2.47% and France's CAC 40 is lower by 2.19%.

22:22 IST


From: yatheendradas c.k. at 10:30 PM - Aug 05, 2019( )


Markets fall sharply amid fears of full-scale US-China currency war. Financial markets around the world have fallen sharply amid growing fears that the US-China trade dispute could escalate into a full-scale currency war, with damaging consequences for the world economy. The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs.

22:38 IST


From: yatheendradas c.k. at 10:37 PM - Aug 05, 2019( )


The Dow tumbled more than 700 points and global stocks were in disarray on Monday after China escalated the trade war with the United States.Stocks were pummeled by selling , pushing indexes from New York to Shanghai lower, as the yuan reeled and fresh trade threats between Beijing and Washington raised fears of an economic slowdown.The Dow Jones Industrial Average fell 707.50 points, or 2.67%, on track to notch its biggest decline since the start of the year. The S&P 500 shed 82.23 points or  2.81% and the Nasdaq Composite declined 268.78 points or 3.36%.

22:36  IST

 



From: yatheendradas c.k. at 06:04 AM - Aug 06, 2019( )


U.S. stocks fell the most since December on Monday after China allowed its currency to weaken beyond a key threshold, signaling dimmer prospects for a de-escalation in U.S.-China trade tensions.The Dow Jones Industrial Average fell 767.27 points, or 2.90%, to 25717.74, notching its biggest one-day percentage drop since December. The S&P 500 shed 87.31 points or 2.98% to 2844.74 and the Nasdaq Composite declined  278.03 points or 3.47% to 7726.04. All three major U.S. indexes are now virtually even with where they were a year ago.

06:03 IST

 


From: yatheendradas c.k. at 06:09 AM - Aug 06, 2019( )


Waves of selling battered stock indexes from New York to Shanghai on Monday as fresh trade threats between Beijing and Washington raised fears of an economic slowdown. President Trump's trade war has now become a currency war, which raises the potential economic harm to another level.That was the ugly message Monday in financial markets, which sold off world-wide after China devalued the yuan following Mr. Trump’s threat of 10% tariffs on $300 billion in Chinese goods. Emerging-market currencies plunged, equity markets dropped 3%.

06:09 IST

 

 

From: yatheendradas c.k. at 06:14 AM - Aug 06, 2019( )


Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.  Brent crude  fell $2.08, or 3.36%, to settle at $59.81 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 97 cents, or 1.74%, to settle at $54.69 a barrel.

06:13 IST


From: yatheendradas c.k. at 06:20 AM - Aug 06, 2019( )


Asia markets traded lower today early morning as the U.S.-China trade war intensified. In Japan, the  Nikkei 225 plunged 2.72% in early trade. Over in South Korea, the Kospi dropped 1.60%. Australia’s  ASZ 200slipped 2.64%.  The stock markets in Hong Kong and Shanghai are closed at this time.

06:19  IST


From: yatheendradas c.k. at 08:59 AM - Aug 06, 2019( )


The major Asian stock markets hve a negative day today. The markets are lower in the morning. The Shanghai Composite is off 2.58% while the Hang Seng is down 2.15%. The Nikkei 225 is off 2.03%. Teh Kospi is off 0.61%. The ASX 200 lose 2.50%.

08:58 IST


From: yatheendradas c.k. at 09:01 AM - Aug 06, 2019( )


SGX Nifty futures in Singapore Exchange is trading in red 52.00 points or 0.48% at 10,817.50

 

09:01 IST


From: yatheendradas c.k. at 09:06 AM - Aug 06, 2019( )


Our Markes are expected to have a weak atart  on today following Asian and Global markets.


09:05 IST


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