iFund- Daily Market Commentary

2019-03-19 10:43
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14/1/2019

The British Parliament will vote on the Brexit agreement on Tuesday, and the possibility of adoption is ambiguous, paying attention to the trend of the pound. The US government has been in a partial lockout for 24 days, and Trump rejected the proposal of the Republican allies to temporarily resume the operation of the government.  Clarida, the Fed Vice Chairman hinted that the rate hike may not be as good as expected this year.

  • The Dow Jones Industrial Average closed at 23,909.84 points, decreased by 86.11 points or 0.36%. The Standard & Poor’s 500 Index closed at 2,582.61 points, decreased by 13.65 points or 0.53%. The Nasdaq index closed at 6,905.92 points, decreased by 65.56 points or 0.94%.
  • Fed Vice Chairman Clarida said policymakers will consider each option at each meeting and the Fed will not hesitate to adjust the policy.
  • Republican member and Trump’s ally Lindsey Graham suggested that Trump temporarily resume government operations in an effort to reach an agreement on the border wall financing plan, which was rejected by Trump.

  • The UK’s FTSE 100 index closed at 6,855.02 points, decreased by 63.16 points or 0.91%. The Frankfurt DAX index closed at 10,855.91 points, decreased by 31.55 points or 0.29%. The French CAC40 index closed at 4,762.75 points, decreased by 18.59 points or 0.39%.
  • The British Parliament will vote on the March 29th Brexit project on Tuesday. According to Bloomberg’s investigation of 11 banks, the probability of a successful Brexit agreement is only 15%.
  • British Prime Minister Theresa May is said to be considering setting an expiration date for the Irish border reserve plan to win a parliamentary vote for the Brexit agreement.
  • Japan’s Nikkei 225 index closed at 20,359.70 points, increased by 0.00 points or 0.00%. The yen closed at 108.160 against the US dollar, increased by 0.111%.
  • According to a survey conducted by the Cabinet Office of Japan, Japan’s service industry index unexpectedly re-emerged in pessimism in December last year, from a previous value of 51 to a sharp drop of 48, which is at the lowest level in five months, The market originally expected to only fall back to 50.7.
  • The Shanghai Composite Index closed at 2,535.77 points, decreased by 18.07 points or 0.71%. The Shanghai and Shenzhen 300 Index closed at 3,067.78 points, decreased by 27.00 points or 0.87%. The RMB closed at 6.767 against 1 US dollar, decreased by 0.393%.
  • The economic situation in China is worsening, and industry experts expect that the real estate policy will gradually ease.
  • The People’s Bank of China is expected to release credit data for December today. It is expected that both the social expansion and new RMB loans will be lower than the level of November.


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