With American Treasuries yields hitting a 7-year high it was expected that Asian and European markets were going to go very much in the red zone for the time-being. We are now looking at a very mixed performance by the Asian and European stocks and indices.
Hang Seng declined 0.4 percent.
Kospi lost 0.8 percent.
Topix decreased 0.5 percent.
S&P 500 futures fell 0.4 percent.
Shanghai Composite lost 2.1 percent.
MSCI Asia Pacific shed 0.6 percent.
Nikkei Stock Average 225 lost 0.8 percent.
Stoxx Europe 600 grew 0.2 percent.
FTSE lost 0.1 percent.
DAX surged 0.1 percent.
MSCI Emerging Markets sank 0.6 percent.
Greenback has changed its position from being in the green zone towards going into the slight losses with traders’ attention being aimed at the commodities and especially on oil today.
Dollar lost less than 0.05 percent against the basket of six major currencies.
Euro added 0.2 percent - $1.1519.
Pound rose 0.1 percent - $1.3125.
Bad day for oil. reports from the Unites States surfaced and it seems that with hurricane Michael approaching American cost and oil-digging stations was the reason for the stockpiles of the US to grow. This has taken a toll on the oil prices. Sinking is obvious.
WTI oil has fallen by 1.16 percent - $68.73.
Brent lost 1.64 percent - $78.74 per barrel.
Natural gas lost 1.33 percent - $3.28 per MMBtu.
Heating oil fell 1.03 percent - $228.72.
Gold gained 0.032 percent - $1.227.8 per ounce.
Silber lost 0.67 percent - $14.57 per ounce.
Ounce of platinum lost 0.23 percent - $830.63.