Markets are losing today with no gains in either Asian nor European segments. Panic is caused by new possible attacks of the United States in Asia with new tariffs as well as turbulence in commodities sector of the market.
Hang Seng declined 0.9 percent.
Kospi lost 0.4 percent.
Shanghai Composite is down by 3.3 percent.
S&P 500 futures declined 0.3 percent.
Nikkei Stock Average 225 dropped 0.8 percent.
MSCI Asia Pacific decreased 0.5 percent.
Stoxx Europe 600 lost 0.9 percent.
MSCI Emerging Marker lost 1 percent.
Currencies are down especially in Europe. After the news broke that controversial budget that was taken on by Italy will not be disposed of in favor of a better plan, Euro took it pretty bad on now we have a currency lower than it was in the recent 2 months.
Dollar is up today with 0.1 percent gain against the basket of six major currencies.
Euro lost 0.5 percent against Italian news and is now at the weakest point in almost 2 months - $1.1478.
Pound declined 0.7 percent – $1.3034.
Yen adds 0.3 percent – 113.35 per dollar.
Oil slips with US declaring that they might make loopholes in their Iranian sanctions concerning those countries that already obey the restrictions even though they are not effective yet. Other commodities are down as well.
WTI crude slipped 1.39 percent - $73.31 per barrel.
Brent lost 1.44 percent - $82.95.
Natural gas is up 2.35 percent - $3.22 per MMBtu.
Heating oil per-gallon price is down 0.93 percent - $237.
Gold lost 0.66 percent - $1197.70 per ounce.
Silver declined 0.98 percent - $14.51 per ounce.
Platinum lost 0.27 percent - $820.33 per ounce.