On Tuesday, the shares of Chinese e-commerce giant Alibaba increased by nearly 7% in its Hong Kong debut. Shares of Alibaba rose by nearly 7% to 187.60 Hong Kong dollars ($23.97) during the first day of trading. It is worth mentioning that the company raised around $11.3 billion in its secondary listing. Alibaba’s Chairman Daniel …
Spot gold price inches up in today’s trading after the news from the trade war revive gold bulls. In the past sessions, the lack of sureness about the direction of the controversial dispute was confusing traders in sessions. Just in, Chinese state-owned media published that Chinese and US diplomats held another phone call. According to …
Spot Gold Price Hikes After Trade War News | Wibest Read More »
Oil and petroleum prices go up in today’s trading as traders focus more on trade war news. Oil bulls kickstart the week with a positive tone as they take advantage of the latest news about an agreement. West Texas Intermediate or WTI crude contract went up by 0.36% or 0.21 points this Monday. WTI crude …
Trade War Buoys Oil and Petroleum Prices Today | Wibest Read More »
On Friday, problems connected with the U.S-China trade war affected the stocks in Asia. Last week stock markets across the Asia-Pacific region experienced problems as investors tried to digest the information regarding the trade war. On November 21, according to the media outlet, Chinese Vice Premier Liu He invited U.S. officials to China. The purpose …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDHKD The pair is trading lower near a support line below the 50-day and 200-day moving averages. Prices have struggled to close higher although highs have been reached intraday. For Hong Kong, pro-democracy candidates …
Daily Market Charts and Analysis November 25, 2019 Read More »
On November 22, stocks in Asia were mixed as uncertainty regarding the U.S-China trade war created additional pressure on the stock markets. Mainland Chinese stocks declined on Friday. The Shanghai composite declined by 0.63% to about 2,885.29. The Shenzhen Composite fell by 1.454% to around 1,607.51. Meanwhile, the Shenzhen component declined by 1.51% to 9,626.90. …
The FX market moved cautiously, even anxiously, yesterday after news broke out that China was sulky over a US bill that aimed to support Hong Kong protesters. US President Donald Trump might sign the bill, according to reports, and China didn’t like this. China’s foreign ministry said that “negative consequences” were coming. It noted that …
FX Market Anxious Over Trade News | WibestBroker Read More »
U.S and China reached an agreement regarding the “Phase One” deal in more than a month ago. However, until this day, it is unknown when U.S. President Donald Trump and China’s President Xi Jinping will sign this deal. The trade war between the two largest economies started in 2018. However, due to numerous disagreements, the …
Analysts from investment bank Morgan Stanley predict that the eurozone will rally in 2020. They cited the pickup in European economic growth, which could start outperforming the US. Strategist Hans Redeker said the euro-to-dollar would rally with the rebound in European equity inflows. There would also be a more benign EU political backdrop to boost …
The South African rand is pinned down by the US dollar as the buck raises against drying trade war news. This week’s data from the country that were released today also weighed on the rand despite Monday and Tuesday’s gains. The USD to ZAR trading pair rose by 0.57% or 0.0847 points this Wednesday’s trading …
The Buck Takes the South African Rand Down | Wibest Read More »
The trade between the U.S. and China started more than a year ago. This dispute affected the markets as tariffs on Chinese and U.S. goods created problems for the economy. In the last couple of days, investors, as well as analysts, are trying to learn more before deciding how to deal with the current situation. …
Concerns regarding the future of trade talks continue to dominate the stock markets around the world. On Monday, the media reported that Beijing was pessimistic about the possible trade deal with the U.S. This news had a negative impact on the stocks. It is not surprising that investors are cautious due to the lack of …
Ongoing demonstrations in Hong Kong once more underlined that security is deteriorating in the city. In this situation, it makes sense that investors are cautious when it comes to investing in Hong Kong. This situation is also harmful to the stock markets. It is worth mentioning that Hong Kong is one of the most important …
Stocks: Demonstrations in Hong Kong and Hang Seng Index Read More »
Ongoing demonstrations in Hong Kong continue to influence the stock markets. The protests, which started several months ago affected the local economy. Hong Kong is one of the most important financial hubs in the world. However, violent protests and tensions in the city raised fears about the state of affairs in Hong Kong. Last week …
On November 15, stocks in Japan strengthened their positions. the Nikkei 225 gained 0.7% and was close to 23,303.32. Another major Japanese index Topix increased by 0.73% and at the end of the trading day reached 1,696.67. In Hong Kong, the Hang Seng index was flat at 26,326.66. On Friday, as all major stock indexes …
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