Economic outlook around the world seems very bleak today as everyone waits for the final decision of OPEC on the future of oil prices as well as for Iran-US conflict to be left behind us. There is no saying whether we are already passed the danger or are we still looking it right in the eye but the fact remains – traders still are not feeling safe.
That shows in the outflow of traders from Asian segment of the market and into the commodities – especially gold which indicates that dollar is going lower as a result of not having enough of traders’ trust.
Currencies market is more or less stable.
Here are the economic data from around the world for today:
Topix dropped 0.5 percent.
Kospi decreased 0.45 percent.
Shanghai Composite dropped 1.5 percent.
Hang Seng from Hong Kong was lighter by 1.3 percent.
MSCI Asia Pacific fell 0.3 percent.
S&P 500 futures dipped 0.2 percent.
Stoxx Europe 600 declined 0.25 percent.
FTSE 100 grew 0.1 percent.
Dollar dropped 0.1 percent against the six major rivals.
Euro was barely changed - $1.1401.
Pound is also still - $1.2746.
Yen advanced 0.3 percent – 106.98.
WTI declined 0.2 percent - $57.78.
Brent decreased 0.3 percent - $64.67 per barrel.
Gold grew 1 percent - $1432.2 per ounce.
Silver rose 0.2 percent - $15.49.