Global Financial Market Overview

Global Financial Market Overview as of August 9, 2018

Dow Jones on August 9, 2018 still closed lower from the tension of trade war between the U.S. and China that kept growing day by day. As always, the stock market in the industrial sections went down as well as energy sections that sank after the oil price also fell lower. The banks sections were also plunged as U.S. bond fell.

Dow Jones Industrial Average closed at 25,509.23, fell 74.52 (-0.29%)

S&P Index closed at 2,853.58, fell 4.12 (-0.14%)

Nasdaq Composite closed at 7,891.78, up 3.46 (+0.04%)

European stock markets closed slightly higher as investors still paying close attention on the trade war, while Germany’s DAX jumped higher from Adidas’ announcing profit financial statement.

Stoxx Europe 600 closed at 390.05 up 0.1%

Germany’s DAX Performance Index closed at 12,676.11, up 42.57 (+0.34%)

France’s CAC 40 Index closed at 5,502.25, up 0.35 (+0.01%)

London’s FTSE 100 closed at 7,41.77, fell 34.88 (-0.45%)

 

Asia markets traded mostly higher on Thursday with Chinese mainland indexes rising more than 1%. Market in Japan had choppy trading as a strong yen hurt investor risk appetite, while the auto sector saw a sell-off on news that some automakers improperly conducted vehicle inspections in the domestic market.

The Shanghai composite rose 50.64, or 1.85%, to 2,794.71

The Shenzhen composite added 38.93, or 2.66%, to 1,505.63

In Australia, the ASX 200 rose 29.2, or 0.47%, to 6,297.7

Japan’s Nikkei 225 dropped 45.92, or 0.2%, to 22,598.39

South Korea’s Kospi rose 2.26, or 0.1%, to 2,303.71

Hong Kong’s Hang Seng index was up 0.88% or 248.16 to close at 28607.30

Singapore’s Straits Times Index (STI) is closed for a public holiday on Thursday. Trading will resume on Friday

 

New York Gold Future fell from the strengthen dollars, while the ups and downs of U.S. economy caused investors to invest in gold future as safe assets.

COMEX fell 1.1 USD or 0.22% for December delivery to close at 1,219.90 USD/ounce

Platinum for October increased 4.6 USD or 0.55% to close at 834.10 USD/ounce

Palladium for September jumped 12.00 USD or 1.4% to close at 898.40 USD/ounce

WTI crude slightly fell from the worries Iran’s Sanction

West Texas Intermediate (WTI) crude for September delivery fell by 13 cent or 0.2% to close at 66.81 USD/bbl

Brent crude for October delivery fell 21 cent or 0.3% to close at 72.07 USD/bbl

 

United States Dollars was strengthen when compared to other currencies in New York Foreign Exchange Market after the outlook of U.S. economy was positive, while the ratio of fringe benefits for unemployed were decreased.

USD was strengthen against JPY from 110.97JPY to trade at 111.02 JPY, and also strong against Swiss Franc from 0.9929 SFR to 0.9930 SFR.

Euro was weaken to trade at 1.1541 USD from 1.1618 USD.

Pound fell to trade at 1.2845 USD from 1.2892 USD, while AUD also fell to close at 0.7384 USD from 0.7438 USD.