FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
Markets.com information and reviews
FxPro information and reviews

Asia-Pacific markets fall as investors keep an eye on Brexit talks

10 December 2020

Asia-Pacific markets mostly declined Thursday as investors kept an eye on Brexit trade talks as well as ongoing negotiations in the U.S. for a coronavirus relief package. The Nikkei 225 in Japan fell 0.39% after market open while the Topix index dropped 0.18%. South Korea’s Kospi index erased earlier losses of more than 1% to trade fractionally lower.

In Australia, the benchmark ASX 200 fell 0.6%, with most sectors in the red. The energy subindex retraced some of its losses but still traded down 0.72% as oil stocks struggled for gains. Hong Kong’s Hang Seng index declined 0.49%. Chinese mainland markets also struggled for gains as the Shanghai comoposite and the Shenzhen composite were near flat while the Shenzhen component lost 0.15%.

The session in Asia-Pacific follows overnight declines on Wall Street. U.S. stock futures were little changed after market close. A three-hour meeting between U.K. and European Union leaders on Wednesday evening failed to break an impasse in Brexit trade talks. British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed that a firm decision should be made by Sunday about the future of the talks, media reports said citing a senior Downing Street source.

The U.K. left the EU in January but agreed to keep the same standards and regulations until the end of the year. That was intended for both sides to have time to develop new trading arrangements. The transition period is due to end in three weeks and there are growing concerns that a new agreement may not be ready by then.

The British pound fell 0.22% to $1.3366 on Thursday during Asian trading hours while the euro was flat at $1.2081. Across the pond, negotiations for a coronavirus relief bill continued in the U.S. as the Covid-19 crisis worsens in the country. Still, investor sentiment in recent days has improved on the back of Pfizer’s vaccine rollout in the U.K.

The U.S. dollar index, which measures the greenback against a basket of its peers, traded near flat at 91.081. The Japanese yen changed hands at 104.35 per dollar, weakening from an earlier level around 104.18. Elsewhere, the Australian dollar strengthened 0.19% to $0.7459. Oil prices rose on Thursday during Asian trading hours. U.S. crude was up 0.55% at $45.77 a barrel. Global benchmark Brent gained 0.49% to $49.10.



US Markets lost major support, Asian Indices are melting
US Markets lost major support, Asian Indices are melting

Global markets closed last week on the back foot, and no significant positive factors emerged in Asian trading, increasing the flight to safety. The Hang Seng lost...

20 Sep 2021

US Retail sales and other data has supported Dollar
US Retail sales and other data has supported Dollar

The US Retail sales notably exceeded expectations, adding 0.7% in August vs an expected 0.7% decline. The increase to August last year is an impressive 14.9%...

17 Sep 2021

Geopolitics Fire Up Up and Cryptos Are Booming
Geopolitics Fire Up Up and Cryptos Are Booming

Futures in the United States and Europe are trading lower today as investors are worried about the new security agreement between the U.S., the U.K. and Australia...

16 Sep 2021

UK inflation surges, stocks struggle
UK inflation surges, stocks struggle

European markets flat at the open this morning as UK inflation surged to a record high in August and Chinese economic data was soft. China’s retail sales fell to...

15 Sep 2021

Gold is anxiously waiting for the US inflation data
Gold is anxiously waiting for the US inflation data

Gold, hovering around $1790 since last Thursday, might take an even harder hit. The bears are waiting for a good signal to launch an attack. It is now holding it below significant levels...

14 Sep 2021

Here Is Why Stock Futures Are Trading Lower
Here Is Why Stock Futures Are Trading Lower

Despite a week of doom and gloom in the stock markets, futures in the United States are still trading lower. Since February, the S&P 500 has been on its longest...

13 Sep 2021

Editors' Picks

OctaFX information and reviews
HotForex information and reviews
XM information and reviews
FXCM information and reviews
Vantage FX information and reviews
Vantage FX
Moneta Markets information and reviews
Moneta Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.