Brexit Plan B Archives - The Industry Spread

Pound targets 1.33 on Brexit Optimism

February 27, 2019

Asian stocks markets finished slightly higher after the testimony from Federal Reserve Chairman Jerome Powell during the US trading session. In Hong Kong the Hang Seng ended flat at 28,759 while the Shanghai Composite index added 0.42 percent to 2,953, the Nikkei 225 in Tokyo rose 0.50 percent to 21,556, while Australian equities have recovered some of yesterday’s losses with the ASX 200 adding 22 points or 0.36 percent to 6150.

Asian Stocks Ended the day Bearish

January 29, 2019

Asian stocks finished the day lower as U.S. Justice Department yesterday brought charges against Huawei Technologies Co. alleging that it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran. Caterpillar and Nvidia both reported forecasts for 2019 that disappointed analysts expectations.

Major Markets on Subdued Action over Investor Caution

January 29, 2019

Market turned dovish despite positive opening as investors turned cautious ahead of key political and economic events scheduled across the week which in erasing a significant part of gains made last Friday.