Australia’s central bank decided today to keep the interest rates at a record low of 1.5%.
The bank’s decision was expected in light of the economic downturn and amid concerns the country’s real estate bubble burst led to a rise in prices in many cities.
Political uncertainty is the main factor for the price declines in Asian markets this morning, leading investors to seek refuge in relatively safe investment channels such as the gold.
Tokyo fell by 0.35%, Hong Kong weakened by 0.1%, Shanghai lost 0.1%, Seoul fell by 0.1%.
The trading on Wall Street ended with a slight declines yesterday.
The Dow Jones was down by 0.1%, the S&P 500 lost 0.2% and the Nasdaq retreated by 0.05%.
At the same time of the decline in world markets since noon, the price of gold climbed by 0.8%, and an ounce sold at 1230.70 dollars.
Wall Street expected to open with declines.
The futures contracts show that the Dow Jones Industrial Average falling by 0.15%, the S&P 500 also lost 0.15% and the Nasdaq retreated by 0.2%.
German factory orders surged 5.2% in December.
That’s the most since July 2014 and is completely defeats the economists who had a forecast of only 0.5%.
The European stock markets this morning are of a mixed trend.
The FTSE is unchanged, the DAX lost 0.7%, the CAC decreasing by 0.1%.
China’s services sector grew at a rate slightly lower than in January, according to data released this morning.
The Purchasing Managers Index of China’s service sector in January was 53.1 points.
The Asian stock markets are rising at the backdrop of rising prices gains on Wall Street on Friday, following Trump’s announcement that he will reduce the regulation of banks.
Tokyo rose 0.3%, Hong Kong grew by 0.9%, Seoul rose 0.2%, Shanghai and Singapore added 0.5%
Data released in the UK today may indicate the first signs weaken the most important sector in the economy of the kingdom – the service sector.
The purchasing managers index of UK services sector reached 54.5 points in January, compared to 56.2 points in December.
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