There are a lot of changes in the markets today and unfortunately not all of them are good. We see that ahead of the possible American-Chinese talks traders behave cautiously around both – USD and Asian markets as a whole. And as the threat is real we can’t say that this caution is not needed.
In other segment of the market prices for oil are only going up after all-day meeting of the OPEC. It is likely that we are going to see oil output cut in the nearest time thus picking up the prices for the crude.
Precious metals are losing as the greenback is more or less table today.
Here are the main shifts on price for today:
Topix dropped 0.7 percent.
Kospi decreased 0.1 percent.
Shanghai Composite dropped 0.2 percent.
Hang Seng from Hong Kong added 0.1 percent.
S&P 500 futures rose 0.1 percent.
Stoxx Europe 600 declined 0.1 percent.
FTSE 100 grew 0.1 percent.
Dollar was stable against the six major rivals – a calm before a major report that can change the future outlook on the greenback.
Euro was barely changed - $1.1361.
Pound dropped 0.1 percent - $1.2673.
Yen dropped 0.2 percent – 107.37.
WTI grew 2.1 percent - $59.07.
Brent grew 1.7 percent - $66.18 per barrel.
Gold lost 0.4 percent - $1412.4 per ounce.
Silver decreased 0.5 percent - $15.3.