iFund- Daily Market Commentary

2019-03-19 10:35
Share
  • Share

12/3/2019

Sino-US trade negotiations come to the final stage, and the United States retains the right to  re-impose tariff . The British parliament vetoed the latest Brexit agreement, and all Brexit options were being considered again. The parliament will vote on the Hard Brexit on Wednesday. More regions around the world, including the European Union, announced the grounding of the Boeing 737 Max, but the US Federal Aviation Administration still insists that there is no evidence for grounding so far.

  • The Dow Jones Industrial Average closed at 25,554.66 points, decreased by 96.22 points or 0.38%. The Standard & Poor’s 500 Index closed at 2,791.52 points, increased by 8.22 points or 0.30%. The Nasdaq index closed at 7,591.03 points, increased by 32.97 points or 0.44%.
  • Sino-US trade negotiations come to the final stage, and the US trade negotiator said that the United States must retain the right to  re-impose tariff, ensuring China will keep its commitment.
  • Affected by the price of automobiles and drugs, the US core inflation index slowed down unexpectedly in February, giving the Fed more room to maintain its patience with interest rate hikes.
    • The UK’s FTSE 100 index closed at 7,151.15 points, increased by 20.53 points or 0.29%. The Frankfurt DAX index closed at 11,524.17 points, decreased by 19.31 points or 0.17%. The French CAC40 index closed at 5,270.25 points, increased by 4.29 points or 0.08%.
    • The British Parliament vetoed the Brexit agreement of Prime Minister Theresa May. May confirmed that the parliament will vote on the Hard Brexit on Wednesday. If the parliament veto the Hard Brexit option, the option of postponing leave the European Union will be voted on Thursday.
    • More regions around the world, including the European Union, have announced the suspension of Boeing’s 737 Max aircraft. However, the US Federal Aviation Administration still insists that there is no evidence for grounding so far.
    • Japan’s Nikkei 225 index closed at 21,503.69 points, increased by 378.60 points or 1.79%. The yen closed at 111.340 against the US dollar, decreased by 0.081%.
    • According to the data from Conference Board, after the seasonal adjustment, Japan’s leading economic indicator (LEI) fell by 0.5% to 94.8 in January this year.

    • The Shanghai Composite Index closed at 3,060.31 points, increased by 33.31 points or 1.10%. The Shanghai and Shenzhen 300 Index closed at 3,755.35 points, increased by 25.40 points or 0.68%. The RMB closed at 6.711 against 1 US dollar, increased by 0.189%.
    • The debt problem of Chinese private enterprises is still exiting, and the official promotion tool that used to support private enterprise bond financing, Credit Risk Mitigation Warrant (CRMW), is at risk of being shelved.
    • Both the European Parliament and Western countries expressed their concern about the security threats that bring by the Chinese telecommunication companies, such as Huawei and ZTE.







Related Articles

Manage your asset round-the-clock

Hotline

852
3896 3896

1501, 15/F, 101 King's Road,
North Point, Hong Kong

Mon - Fri (excluding public holidays)
09:00 - 18:00

Copyright © 2019 Noble Apex Advisors Limited. All Rights Reserved.