• Thu. Jun 27th, 2024

Diverse Trends in Asia; US Set to Announce Interest Rate Decision Today

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Jun 12, 2024

The trade review provides information on current reports, trends, indices, stock prices, bonds, foreign exchange, commodities, and analyst recommendations. In the Shanghai and Shenzhen stock exchanges, there is a 0.2% increase, while the Nikkei sees a 0.5% decrease and the Hang Seng weakens by 1.2%. The South Korean Kospi is up by 0.7%. In Japan, Nintendo’s stock falls by 1.5%, Sony by 2%, and Nikon by 0.9%.

Trading in Asia follows a mixed trend with the Nikkei weakening by 0.6%, the Hang Seng index falling by 1.6%, the Shenzhen index rising by 0.1%, and the South Korean Kospi strengthening by 0.5%. The Shanghai index remains essentially unchanged. There are upcoming events such as interest rate drops in the US, publication of consumer price index, and the approval of a salary package for Tesla’s CEO Elon Musk.

In China, the annual inflation rate in May remains at 0.3%, unchanged from April. Futures contracts on Wall Street show increases of up to 0.1%. Trading in US stock markets closed with the Dow Jones falling by 0.3%, the S&P 500 rising by 0.3%, and the Nasdaq rising by 0.88%, with the latter two breaking their records again.

In the US bond sector, the 10-year bond yield rises to 4.41%, and the two-year bond yield increases by a percentage point to 4.84%. The dollar strengthens by about 0.4% against the shekel, with its value now at 3.72 shekels.

Overall, the trade review provides a comprehensive overview of various market movements and events happening globally in the financial sector.

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