Traders’ favorite trade tensions are not going anywhere and moreover they are continuing their pace throughout emerging markets and Asia gets a lot of damage from it ever since tariffs first appeared on the horizon. Asian markets are getting the hits today as well. European stocks also weren’t as lucky this time.
Topix lost 0.7 percent.
Hang Seng declined 1.7 percent.
S&P 500 futures fell 0.3 percent.
Shanghai Composite decreased 0.9 percent.
MSCI Asia Pacific lost 1.3 percent – index reached the lowest point in three weeks.
Stoxx Europe 600 lost 0.3 percent.
MSCI Emerging Market lost 1.5 percent – lowest point in almost a month.
Equities were looking better this trading morning as greenback was in the loss and other could grow, but now the situation has changed and euro along with pound are declining.
Dollar added 0.1 percent and reached the highest point in three weeks.
Euro lost 0.1 percent - $1.1566.
Pound declined 0.2 percent - $1.2832.
Lira decreased 0.4 percent – 6.7006 per dollar.
Commodities led by oil are mostly in the red zone right now.
WTI oil lost 1.19 percent - $69.04 per barrel.
Brent lost 0.78 percent - $77.56.
Natural gas declined 0.39 percent - $2.81 per MMBtu.
Heating oil shed 0.51 percent - $224.32 per gallon.
Gold lost 0.02 percent - $1.198.90 per ounce.
Silver is still at $14.18 per ounce point.
Platinum lost 0.67 percent - $773.26 per ounce.