iFund- Daily Market Commentary

2019-03-27 01:20
Share
  • Share

26/3/2019

The US and China are about to start a new round of trade negotiations. Trade representatives Wright Heze and Treasury Secretary Nunuin are scheduled to visit Beijing on Thursday and Friday. Trump’s goal is to reach an excellent agreement. The British Parliament will vote on a number of alternatives to the Brexit agreement on Wednesday, and Prime Minister Theresa May is still trying to support her Brexit agreement.

  • The Dow Jones Industrial Average closed at 25,657.73 points, increased by 140.90 points or 0.55%. The Standard & Poor’s 500 Index closed at 2,818.46 points, increased by 20.10 points or 0.72%. The Nasdaq index closed at 7,691.52 points, increased by 53.98 points or 0.71%.
  • The US and China are about to start a new round of trade negotiations. Trade representatives Wright Heze and Treasury Secretary Nunuin are scheduled to visit Beijing on Thursday and Friday. Trump’s goal is to reach an excellent agreement.
  • Trump’s border emergency is well and the House of Representatives failed to overturn the presidential order because it did not reach a two-thirds majority.
    • The UK’s FTSE 100 index closed at 7,196.29 points, increased by 18.71 points or 0.26%. The Frankfurt DAX index closed at 11,419.48 points, increased by 72.83 points or 0.64%. The French CAC40 index closed at 5,307.38 points, increased by 46.74 points or 0.89%.
    • The British Parliament will vote on a number of alternatives to the Brexit agreement on Wednesday, and Prime Minister Theresa May is still trying to support her Brexit agreement.
    • French lawmakers believed that the bill on 5G network security does not seek to ban Huawei’s equipment. The bill only focuses on technical and issues of cyber security, which will affects all telecommunications network providers.
    • Japan’s Nikkei 225 index closed at 21,428.39 points, increased by 451.28 points or 2.15%. The yen closed at 110.370 against the US dollar, decreased by 0.190%.
    • According to data from the Bank of Japan, Japan’s corporate service price index increased slightly to 1.1% in February this year, which is consistent with market expectations.

  • The Shanghai Composite Index closed at 2,997.10 points, decreased by 45.94 points or 1.51%. The Shanghai and Shenzhen 300 Index closed at 3,700.44 points, decreased by 42.38 points or 1.13%. The RMB closed at 6.713 against 1 US dollar, increased by 0.006%.
  • China will announce the profits of industrial enterprises today, and China Life and China Construction Bank will also release results.
  • Bloomberg’s latest survey showed that the market’s expectations for continued RRR reduction during the year are more consistent. It is expected that the quarterly decline will be only 50 basis points in the next three quarters, a significant slowdown from the previous four quarters by 350 basis points.



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.