Italy budget Archives - The Industry Spread

EURUSD breaks below 1.13, Bitcoin holds the 8,000 mark

June 13, 2019

Asian indices finished lower for the second day in a row as trade worries resurface and Hong Kong protests regarding the China extradition bill weighs on traders sentiment. The Nikkei225 finished 0.46 percent lower to 21,032; the Hang Seng benchmark in Hong Kong, finished 0.05 percent lower at 27,294. The Shanghai Composite finished 0.04 percent higher to 2,910, while in Singapore, the FTSE Straits Times index finished 0.05 percent lower to 3,207.

Relief Rally Continues, Gold under Pressure  

June 11, 2019

Asian indices continue higher for the second day as investor digesting the news that President Donald Trump suspended plans to impose tariffs on Mexico but the market’s going to remain sensitive to trade news flow for some time particularly as we head into the G20. The Nikkei225 finished 0.33 percent higher to 21,204 the Hang Seng benchmark in Hong Kong, finished 0.81 percent higher at 27,796.

Mexican Peso Rallies on Immigration Deal News

June 10, 2019

Asian indices started the week higher as investors are digesting the news that President Donald Trump suspended plans to impose tariffs on Mexico. The Nikkei225 finished 1.20 percent higher to 21,134 the Hang Seng benchmark in Hong Kong, finished 2.31 percent higher at 27,584. The Shanghai Composite finished 0.86 percent higher to 2,852, while in Singapore the FTSE Straits Times index finished 0.69 percent higher to 3,188. Australian equities are closed today.

ECB Decision is the Key for Today

June 6, 2019

Asian indices finished lower today as investor sentiment improves amid upcoming rate cuts from major Central Banks but concerns increase as the US –Mexican negotiations fail. The Nikkei225 finished 0.01 percent lower to 20,774 the Hang Seng benchmark in Hong Kong finished 0.13 percent lower at 26,862. The Shanghai Composite finished 0.94 percent higher to 2,834, while in Singapore the FTSE Straits Times index finished 0.47 percent lower to 3,128.

RBA Delivers the Cut, AUD slightly Higher

June 4, 2019

Asian indices finished mostly lower today as investor sentiment remains fragile amid trade war and the upcoming rate cuts from major Central Banks. The Nikkei225 finished 0.01 percent lower to 20,408 below its 100-day moving average; the Hang Seng benchmark in Hong Kong finished 0.70 percent lower at 26,702. The Shanghai Composite finished 0.96 percent lower to 2,862 also below the 100-day MA, while in Singapore, the FTSE Straits Times index finished 0.20 percent higher to 3,130.

ECB’s Forward Guidance Rattles FX and Stock Markets

March 8, 2019

The ECB surprised markets, unveiling a new round of loans for the Eurozone Banks and pushing back its forward guidance, something that stock markets apparently hated. The US indices recorded a fourth straight session of losses, its longest slump so far in 2019 and Asian stocks took a hit on the chin. In Japan, the Nikkei225 main index lost 2.01 percent to 21,025 and the Hang Seng benchmark in Hong Kong lost 1.91 percent at 28,228.

EURUSD gains momentum on Positive Italian Crisis Headlines

December 19, 2018

Italy is on the spot today, as the European Commission vice president, Valdis Dombrovskis, addressing the press conference on Italy budget talks, confirmed that the Commission has reached a deal with Italian government on budget.