Asian equity indexes mixed

21 December, 2017

Asian equity indexes mixed

Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress.

House Republicans were able to pass a long-awaited tax bill, which now will pass to President Donald Trump’s desk for final approval.

The bill includes tax cuts for corporations from 35 to 21 percent to be implemented in 2018. Individuals will also pay less as their seven-brackets system will be simplified.

The Dow Jones industrial average was down 28.10 points to end at 24,726.65. The S&P 500 took a 0.1 percent hit to finish at 2,679.25 points. The Nasdaq composite was flat at 6,960.96 as some FAANG stocks like Apple, Facebook and Alphabet settled in negative territory.

Investors kept an eye on stocks sensitive to rising geopolitical tensions between China and South Korea, with tourist visas remaining a key issue for both sides.

Earlier in today’s session, the Bank of Japan announced it is keeping its monetary configuration unchanged, leaving its interest rate at minus 0.1 percent.

No relevant economic data is scheduled in Asia or Europe.

The US dollar index, which measures the greenback against six major currencies, was trading 0.10 percent higher at 92.98 by the time of this writing.

Attention will be directed to a revision of the third-quarter gross domestic product and initial jobless claims as of 13:30 GMT.


Source link  
Mixed sentiment takes on in Asia

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while...

Euro is firm at current levels

The preliminary estimate of the consumer price index in November rose to 1.5% from 1.4%. The data turned out to be less than expected...

Gold reversed some losses

The softer tone in the US Dollar allowed gold prices to reverse some losses. Buyers broke the upper limit of the selling channel and almost...


Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...

Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...

  


Share: