Global Markets:
- Asian stock markets: Nikkei fell 0.05 %, Shanghai Composite down 1.52 %, Hang Seng dropped 1.70 %, ASX 200 fell 1.32 %
- Commodities: Gold at $1291.82 (+0.13 %), Silver at $17.06 (-0.01 % %), WTI Oil at $48.16 (-0.88 %), Brent Oil at $51.43 (-0.91 % %)
- Rates: US 10-year yield at 2.20, UK 10-year yield at 1.08, German 10-year yield at 0.40
News & Data:
- GBP Manufacturing Production m/m 0.0 % vs 0.0 % expected
- GBP Goods Trade Balance -12.7 B vs -11.0 B expected
- USD PPI m/m -0.1 % vs 0.1 % expected
- USD unemployment claims 244 K vs 240 K expected
- USD Core PPI m/m -0.1 % vs 0.2 % expected
- Fed buys $5.2 billion of mortgage bonds, sells none- RTRS
- Wall Street stock rally could be derailed by U.S.-North Korea war of words – RTRS
Markets Update:
Asian equity markets continued their tumble yet again on Friday as risk concerns were reignited in the markets following the Comments from US President Trump on North Korea in the US afternoon
USD/JPY has dropped more than 125 pips advancing to the strongest in eight weeks and closing below 108.90 in the Asian session in spite of a weak session overnight, being a Japanese holiday today, this move has been attributed to North Korea jitters
EUR/USD was little changed seen trading at $1.1776 after climbing 0.1 percent in the previous session. The US Dollar index was steady against a basket of six major currencies at 93.385 after falling 0.2 percent on Thursday.
Aussie was seen trading relatively steadily, but finally gave away 30-odd points losing 0.4 % in value and falling to lows below 0.7840 against the US Dollar. NZD/USD slipped a little with the AUD but recovered immediately and seen currently trading above 0.7270.
Upcoming Events:
- JPY Bank Holiday
- 12:30 GMT – (USD) CPI m/m
- 12:30 GMT – (USD) Core CPI m/m
- 13:40 GMT – FOMC Member Kaplan Speaks
- 15:30 GMT – FOMC Member Kashkari Speaks
