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Global stock exchanges were mixed on Tuesday– Morning Talk – Wednesday, May 08

Global stock exchanges were mixed on Tuesday. When China had said that despite the threat of US President Donald Trump raising his tariff war. His economy would go to Washington for negotiating Caesar’s business.

China’s main stock index climbed 0.7% and most other Asian markets also gained. While Europe’s shares declined and Wall Street was open at the lower level.

The Chinese government said that Vice Premier Liu will go to Washington despite the fear. Because Trump can cancel Beijing after threatening to raise its ambitions on technology ambitions. This can help to maintain living hopes that this fight. Which threatens to pull on global economic growth, can be resolved earlier this week.

Edward Moya of Onda said in a report, “The base matter is still there. We see that a framework agreement has been reached, but the market is still at risk.”

Global Indices

In the afternoon trade in Europe, London’s FTSE was below 100% 1% to 7303 and France’s CAC decreased by 40 0.7% to 5,442. Germany’s DAX was not very good, 0.6% decreased to 12,212.

At Wall Street, the Standard & Poor’s 500 index and the Dow Jones Industrial Average declined by about 0.6% in futures.

After the week’s break, Tokyo’s Nikkei 225 slipped 1.5% to 21,923.72. Shanghai Composite Index at 2,926.39 and Hong Kong’s Hang Seng climbed 0.5% to 29,363.02. Sydney’s S & P-ASX 200 increased 0.2% to 6,295.70 and improved the benchmark in New Zealand, Taiwan and Singapore.

The Sensex of the country closed 26 points down at 38,580.44.

On Sunday, Trump threatened to revive that it was largely put to rest with the statements of both parties that negotiations were progressing. The US President accused Beijing of stepping back on the commitments made in the Rapid-Fire talks.

Trump threatens to increase tariff on Chinese goods effective from 10% to $ 200 billion on Friday. He said that he would increase the imports of additional $ 325 million, which China sells to the United States.

In a report, Mizuho Bank’s Vishnu Varathan said, “Beijing is not a big fan of hostage situations.” “The tight deadlines with the risk of widening the tariff nets can not play favorably for the possibilities of an adjacent deal.”

Energy: Benchmark American crude oil fell 62 cents to $ 61.63 a barrel in electronic trading at the New York Mercantile Exchange. The contract closed 31 cents on Monday at 62.25 dollars. Brent Crude, which is used for the price of international oils, is $ 89 cents in London at $ 70.35 a barrel. This rose 39 cents from last session to $ 71.24.

Currency: Dollar went down from 110.72 yen to 110.63 yen on Monday. Euro 1.1200 had a little changed.

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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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