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The Asian stock markets trade today is conducted mainly by rising prices at the background of weakening the Japanese yen against the US dollar, after inflation data in China were better than the economists’ expectations and managed to allay the concerns of investors regarding the performance of the world’s second largest economy.
Serious disappointment in China:
The exports from the country fell in September by 10% (compared to September last year), versus economists forecast a decline of 3.2% only, and after a falling of 2.8% in August.
This is the sixth consecutive month of decline in exports of China.
The imports to China in September recorded a decline of 1.9%, versus a forecast of a rise of 1% and an increase of 1.5% in August.
The trade balance surplus in September was of 41.99 billion versus a forecast of 52.30 billion and a surplus of 52.05 billion dollars in August.
The crash of Twitter shares exacerbated – the share is going down now by 13% in early trading.
The European stock markets trade has been declining , after its gains at the start of the trading day.
The FTSE falls by 0.2%, the DAX decreasing by 0.2% and the CAC is also decreasing by 0.2%.
The pound weakened 0.3% against the US dollar to 1.240 dollars to the pound.
The European stock markets are rising this morning, as the Deutsche Banks shares jumps by 3%.
The DAX and the CAC index rising by 1%.
The futures contracts on leading indices on Wall Street traded at this time with gains of 0.3%.
The trading in the Europe and Asia markets opens today with a price declines.
The European investors await to data purchasing managers’ indexes in the manufacturing and services in the euro area last month.
At the same time, the WTI oil was down by 0.8% and is trading around $ 46 a barrel.
Positive opening of the European trading day.
The DAX and CAC going up by 1%, the FTSE rises by 0.5%.
The Asian markets rose this morning, continuing the strong positive trend recorded in Wall street yesterday following the Fed’s decision to leave rates unchanged. Shanghai Composite Index was up by 0.8%, Hang Seng rose by 1.1%.
The Stock Exchange in Tokyo was closed on the occasion of the Mid-Autumn Day holiday.
The Japanese bank left interest rates unchanged:
The bank kept the interest rates unchanged,at minus 0.1%, but said it would aim to keep the yields on 10-year government bonds at around current levels of zero percent.
The Bank of Japan has made changes to its stimulus programme, in its latest attempt to spur economic growth.
The bank, the Bank of Japan, said on Wednesday that it intended to “overshoot” its previous target of 2 percent year-over-year inflation growth. Its preferred measure of inflation stood most recently at minus 0.5 percent.
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