15

Weekly news summary for Dec 21 to Dec 27

Friday, Dec 21: Stocks Fall, Nikkei Hits Lowest since Sept. 2017

Global stock markets extended a sharp selloff on Friday, with Japan’s Nikkei hitting its lowest since mid-September 2017, as worries over global economic growth and imminent shutdown of the US government continued to affect risk appetite.

Dow futures were down 0.42%, while S&P 500 futures fell 0.44% and the Nasdaq 100 futures slipped 0.51%. European shares were also in the red.

Monday, Dec 24: Dollar Down on US Political Uncertainty

The dollar edged lower at the start of the week as sentiment in financial markets remained weak on growing concerns over political uncertainty in the US.

The US dollar index stood at $96.20, dropping 0.25% against a basket of six major currencies.

Tuesday, Dec 25: 10-year JGB Yield Falls to Zero for the First time

Japanese government bond yields plunged to multi-month lows on Tuesday as US political instability hit global financial markets, resulting in the worst day for Tokyo stock prices in more than two years.

As risk-off dominates, the benchmark 10-year JGB yield dropped to zero percent for the first time since September 2017, before recovering later in the session to trade down at 0.010%.

Wednesday, Dec 26: US Treasury Yields at Their Lowest on Growth Fears

US Treasury yields continued to descend on Wednesday as developments in Washington further raised investors’ worry over a slowing global economy.

The 10-year note stood at 2.73% to mark its lowest since early February, while the 2-year bond yield hit a five-month low of 2.58%.

Thursday, Dec 27: China’s Industrial Profits Mark First Decline

China’s industrial profits marked its first decline since December 2015, as weakening external and domestic demand left businesses with more pressure to deal with by next year in a sign of growing risks to the world’s second biggest economy.

Earnings at the China’s industrial firms dropped 1.8% in November from 2017 to 594.8 billion yuan or $86.33 billion, the National Bureau of Statistics reported on Thursday.

 

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. Subscribe now and receive FREE updates on the market today!

Comments are closed.

Subscribe to Our Newsletters

Have the best of Finance Brokerage News delivered directly to your mailbox. Subscribe now to receive the latest market news.

Welcome to Email Subscribers Group Selector

Name *

Email *

DESFRUTE DO SEU POTENCIAL
DE NEGOCIAÇÃO COM A METATRADER 5

Acesso confiável à vários ativos Forex
Vários modos de execução de ordem
80 indicadores técnicos e ferramentas de análises
Número ilimitado de gráficos