iFund – Daily Market Commentary

2019-10-04 06:53
Share
  • Share

25/9/2019

It is reported that the US may impose tariffs on nearly $8 billion of EU goods, while the EU considers tariffs on more than $4 billion of US goods.

    • The Dow Jones Industrial Average closed at 26,970.71 points, up 162.9 points or +0.61 %. The Standard & Poor’s 500 Index closed at 2,984.87 points, up 18.27 points or +0.62 %. The Nasdaq index closed at 8,077.38 points, up 83.76 points or +1.05 %.
    • Trump said that the US-China trade agreement may come earlier than expected.
    • Phone record shows that Trump had asked the Ukrainian President to cooperate on investigating Biden, Wall Street did not showed much hype over Trump’s impeachment.

    • The UK’s FTSE 100 index closed at 7,291.43 points, down 34.65 points or -0.47 %. The Frankfurt DAX index closed at 12,307.15 points, down 35.18 points or -0.29 %. The French CAC40 index closed at 5,628.33 points, down 2.43 points or -0.04 %.
    • It is reported that the US may impose tariffs on nearly $8 billion of EU goods, while the EU considers tariffs on more than $4 billion of US goods.
    • British Prime Minister Johnson proposed to allow a vote of no confidence of the Government. The Prime Minister’s Office said that even if Johnson lost in the voting, he will not resign.

    • Japan’s Nikkei 225 index closed at 22,098.84 points, rose 19.75 points or 0.09 %. The yen closed at 107.690 against the US dollar, down 0.214%.
    • The United States and Japan reached a limited trade agreement. According to the terms of the agreement issued by the White House, Japan will immediately eliminate tariffs on more than $1.3 billion of US agricultural products. Also, through stages, there will be reduction in tariffs on fresh and frozen beef, fresh and frozen pork, etc.

    • The Shanghai Composite Index closed at 2,985.34 points, rose 8.26 points or 0.28 %. The Shanghai and Shenzhen 300 Index closed at 3,901.08 points, rose 10.42 points or 0.27 %. The RMB closed at 7.107 against 1 US dollar, rose 0.281 %.
    • China’s Q4 GDP growth rate may be less than 6%, the Chinese Central Bank’s loosening policy may not be able to keep up with the Federal Reserve’s pace.
    • Chinese USD debt will usher in a risky year next year, and the current redemption crisis may just be the beginning.



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.