RBNZ monetary policy Archives - The Industry Spread

Pound breaches 1.28 as the no deal Brexit scenario is back on the table

Asian markets finished mixed today as China responded with a firm message that it does not want to sit down to negotiate so long as the US remains ‘insincere’ in trade talks. The Nikkei225 was the outperformer adding 0.89 percent to 21,250 the Hang Seng benchmark in Hong Kong finished 1.19 percent lower at 27,941.

Asian Equities Down, USDJPY Trades Below 110.00

Asian markets were under selling pressure for one more day following negative signs on Wall Street overnight after comments by the US President Trump on trade, citing that “China broke the deal” on the trade talks that sparked worries about a breakdown of trade talks between China and the US.

Kiwi Tumbles below 0.66 as RBNZ Cut Interest Rates

Asian markets were under selling pressure today following a sell-off on Wall Street overnight sparked by ongoing worries about a breakdown of trade talks between China and the US. The Nikkei225 opened with a gap lower today and lost 1.46 percent to 21,602, and the Hang Seng benchmark in Hong Kong finished 0.93 percent lower at 29,091. The Shanghai Composite lost 0.64 percent to 2,906, while in Singapore, the FTSE Straits Times index finished 0.97 percent lower at 3,280.

Stock Markets Rebound, AUDUSD Outperforms

Asian markets rebound today after yesterday’s plunge as traders keep an eye around the US-China trade developments after US President Trump threatened to more than double tariffs on US$200bn in Chinese imports from 10 percent to 25 percent. The Nikkei225 lost 1.51 percent to 21,923 as it reopens after the 10-day break.

EUR and GBP Breaks Higher on Better Eurozone Figures

With most Asian markets closed on Wednesday, New Zealand equities fell, and Australian equities rebounded from a two-session slump, kicking off May in positive territory. The benchmark ASX200 Index was boosted by a rally in the financial sector, while the energy and mining stocks reclaimed some recent losses.

Post-FOMC Bearish Pressure Surrounds US Dollar

In Japan the Nikkei225 main index added 0.09 percent to 21627, the Hang Seng benchmark in Hong Kong finished 0.25 percent lower at 28,989. The Shanghai Composite finished 0.01 percent higher at 3,101 and in Singapore, the FTSE Straits Times index gained 0.02 percent at 3,213. The Aussie stock market managed to make a solid gain today, capping off what’s been a week of choppy and lackluster trade. The ASX 200 rose 28 points or 0.5% to 6,195 – helped by gains in financial, energy, retail, healthcare, IT and utility stocks. The index gained 0.3% for the week.