iFund – Daily Market Commentary

2019-09-27 04:31
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26/9/2019

FTSE Russell announced that it will not include China’s bonds for the time being, putting China’s efforts in liberating its financial market into jeopardy.

    • The Dow Jones Industrial Average closed at 26,891.12 points, down 79.59 points or -0.30 %. The Standard & Poor’s 500 Index closed at 2,977.62 points, down 7.25 points or -0.24 %. The Nasdaq index closed at 8,030.66 points, down 46.72 points or -0.58 %.
    • The US House impeachment investigation continues, and the report letter showed that the White House had tried to block the call records of Trump and the Ukrainian President.
    • The US is unlikely to extend the temporary exemption to allow US companies to supply to Huawei, but does not rule out the possibility of imposing additional penalties on Huawei’s allies.

    • The UK’s FTSE 100 index closed at 7,351.08 points, up 61.09 points or +0.84 %. The Frankfurt DAX index closed at 12,288.54 points, up 54.36 points or +0.44 %. The French CAC40 index closed at 5,620.57 points, up 36.77 points or +0.66 %.
    • The EU lost confidence in the ability of British Prime Minister Johnson to get a Brexit deal. It is reported that the possibility of reaching an agreement in October is highly unlikely.
    • FTSE Russell announced that it will not include China’s bonds for the time being.

    • Japan’s Nikkei 225 index closed at 22,048.24 points, rose 28.09 points or +0.13 %. The yen closed at 107.570 against the US dollar, down 0.232%.
    • US fashion retailer Forever 21 is leaving Japan.

    • 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 will cancel coal-fired electricity linkage price mechanism from January 1 2020.
    • Chinese Foreign Minister Wang Yi said China is willing to buy more American products.



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