Daily market review – July 6th 2017

 

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The trading on Asian stock exchanges is being led by price declines in the shadow of escalating tensions between the US and North Korea and fears of military confrontation.

Tokyo is down by 0.5%, Shanghai and Hong Kong are losing 0.3% each, Singapore is down by 0.3%, Seoul is down by 0.2%, Sydney is losing 0.1%.
The Japanese yen weakened by 0.2% to 113.0 yen.against the US dollar.

Wall Street’s stock markets closed in a positive direction yesterday led by chip and defence industries, and in light of the publication of the protocol of the Fed’s latest interest rate meeting.
The NASDAQ Composite Index rose by 0.7% on its way to its first positive day in four trading days, while the S&P 500 Index rose by 0.2%.
The Dow Jones Industrial Average closed almost unchanged.

The decision to raise the interest rate in the US last month was made with the support of almost all Federal Reserve officials, but there is disagreement among central bankers about the appropriate long-term policy.

The protocol of a meeting of the Federal Open Market Committee (FOMC) last month, in which central bank officials decided to raise interest rates in the United States for the third time in six months, revealed details of their plan to begin gradually reducing more than 4.5 trillion dollar of assets in the balance sheets of the central bank.

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