Current Situation in Global Markets

Current Situation in Global Markets

Asian markets fell after some investors gave up taking risks amid concerns over China's weak economic data flow and the delay in the US financial support package. The MSCI index .MIAPJ0000PUS, which follows the Asia-Pacific stock markets outside of Japan, fell 0.24%. Japan's Nikkei index .N225 increased 0.07%. The South Korean exchange .KS11 fell 1.27% after officials reported the most coronavirus cases since March. The Chinese stock markets .CSI300 fell 0.1%, replacing earnings from initial transactions, as a slower-than-thought rise in industrial output and an unexpected decline in retail sales put pressure on investors' risk appetite.

Foreign currency

The dollar is starting to break the seven-week loss streak, boosted by rising global safe-haven demand due to uneasiness over the recovery trend in the coronavirus and the decline in US unemployment wage claims. Weak retail and manufacturing data from China led the risk-sensitive Australian and New Zealand dollar to fall. The Australian dollar AUD = D3 fell 0.2% to 0.7138. New Zealand currency kiwi NZD = D3 continued to be suppressed at 0.6537, as the country faced a new coronavirus outbreak, and after news of the central bank to stretch its monetary policy this week.

Oil

Oil prices have increased as confidence that fuel demand has begun to increase despite the coronavirus epidemic, and it looks like it will end the second week with gain. Brent crude oil's closest futures barrel price, LCOc1, rose 0.3% to $ 45.10 and is preparing to end this week 1.6% higher. US light crude oil CLc1 rose 0.3% to $ 42.36. The US light crude oil is preparing to close the week with almost 3% gain.

Gold

Gold is preparing to experience its first weekly decline since the beginning of June, as the increase in US treasury bond yields prompted investors to reevaluate their positions. The spot price of ounce gold fell by XAU = 0.1% to $ 1,952.01.