{"id":2211,"date":"2019-09-03T08:13:53","date_gmt":"2019-09-03T08:13:53","guid":{"rendered":"http:\/\/umang.pk\/2019\/09\/asia-stocks-dented-by-trade-war-brexit-showdown-paralyses-pound\/"},"modified":"2019-09-03T08:13:53","modified_gmt":"2019-09-03T08:13:53","slug":"asia-stocks-dented-by-trade-war-brexit-showdown-paralyses-pound","status":"publish","type":"post","link":"https:\/\/umang.pk\/en_us\/2019\/09\/03\/asia-stocks-dented-by-trade-war-brexit-showdown-paralyses-pound\/","title":{"rendered":"Asia stocks dented by trade war, Brexit showdown paralyses pound"},"content":{"rendered":"
\n
\n

The sharp fall in August led to a slight rise in US bonds while the European market fell slightly. Meanwhile, pound sterling falls just below $ 1.2, the lowest level since January 2017.<\/h3>\n<\/p><\/div>\n
\n \"Currency
\n

Currency dealers monitor exchange rates in front of the screen showing Korean benchmark stock index (L) and Korean Won \/ Dollar exchange rate (R) on the exchanges of Seoul KEB Hana Bank on March 25, 2019.
\n(AFP Archive)
\n <\/figcaption><\/figure>\n

Tuesday global stocks fell
\nWounded by US-China trade friction while the British pound fell
\nTo the lowest level since January 2017 due to political uncertainty
\nPrime Minister Boris Johnson tried to disrupt the efforts of lawmakers
\nStop Brexit without a deal.<\/p>\n

MSCI's most extensive index among Asia Pacific stocks outside Japan
\n0.7{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} shed. India closed on Monday led to losses
\n1{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} drop in benchmark
\nEconomic growth data worse than expected on Friday.<\/p>\n

Mainland Chinese shares fell slightly, while the Japanese Nikkei rose 0.1 percent.<\/p>\n

European Stocks Expect to Fall on Pan-European Euros
\nStoxx 50 futures fell 0.09{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.<\/p>\n

Korea-China trade war<\/strong><\/p>\n

As the trade wars expanded, the United States
\n15{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} tariff imposed on various Chinese goods on Sunday
\nChina has begun to impose new obligations on US oil.<\/p>\n

President Donald Trump has two sides
\nI will still meet for the conversation later this month.
\nSmall sign of weakening.<\/p>\n

China has filed a complaint about Monday
\nUS of the World Trade Organization through US imports
\nIn violation of the latest customs measures
\nThe agreement between China and the US leaders
\nMeeting in Osaka.<\/p>\n

"We have a lot of problems around the world.
\nUS-China trade war and Brexit. But investors
\nDirector Ueno Hiroyuki
\nStrategist at Mitsui Sumitomo Trust Asset Management.<\/p>\n

"Nobody in Washington and Beijing
\nProblem. But as long as the US economy continues,
\nThe price will be limited to fall. \u201d<\/p>\n

United performance<\/strong><\/p>\n

US Manufacturing Survey of Supply Institute
\nManagement (ISM), scheduled for 1400 GMT on Tuesday,
\ninvestor.<\/p>\n

US manufacturing activity has slowed
\nIn recent months, the ISM's index has remained above 50.
\nThis sector is pointing to growth.<\/p>\n

US bond yields have had a significant impact on post-market profits
\nVacation in the US on Monday.<\/p>\n

10-year Treasury yield on the US rose 2.5 basis points
\n1.532{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}, down 1.443{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} in three years
\nweek. <\/p>\n

Last month's yield dropped 51.5 basis points.
\nThe biggest monthly decline since August 2011.<\/p>\n

Brexit effect<\/strong><\/p>\n

In the currency market, sterling fell 0.58{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.
\n$ 1.1993, expanding to its lowest level since January 2017
\nMonday fell 0.85{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.<\/p>\n

Johnson tacitly warned lawmakers on Monday.
\nIf they tie their hands, they will demand an election on October 14.
\nFrom Brexit
\nUK departs from European Union<\/p>\n

On Tuesday, lawmakers decide whether to move the UK
\nOne step closer to snap elections when they vote for the first election
\nPlanning steps to block Johnson from trading
\nBreck sheet.<\/p>\n

"According to the development of British politics
\nIn the next few weeks, you could see a drastic movement. We think it
\nSumino Kamei is
\nSenior Currency Strategist at MUFG Bank.<\/p>\n

Uncertainty about Brexit has already affected the UK economy.
\nIHS Markit \/ CIPS survey showing UK manufacturing
\nLast month we signed the contract at the fastest rate in seven years.<\/p>\n

Pictures are not so good in Europe.
\nCentral banks are widely expected to cut interest rates further
\nAlleviate the blow to a negative level next week
\nEuro.<\/p>\n

The average currency fell 0.25 percent, to a two-year low of $ 1.0939. <\/p>\n

German government bond yields over two years
\nRecorded an all-time low at minus 0.964{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}, recorded at the beginning of 2017 with minus 0.919{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} on Monday<\/p>\n

On Tuesday, the Chinese dollar fell offshore Chinese yuan to about 7.2 per dollar, while the Australian dollar
\nDown 0.15 percent to $ 0.6705
\nThe Reserve Bank of Australia maintained interest rates.<\/p>\n

Still, Australia stayed within a toss of stones from
\n10-year low price of $ 0.66775 last month.<\/p>\n

Argentine bond prices are Monday and
\nOfficial and black market pesos have swept the country
\nBy imposing capital control on the bid
\nIncrease the risk of default.<\/p>\n

Peso officially closed down 0.88{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}
\n0.79{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} down to 63.5{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} on the black market
\ndollar.<\/p>\n

Oil prices also worsened due to concerns over trade wars.
\nUS West Texas Intermediate Crude Oil Falls 0.47{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}
\n$ 54.84 per barrel <\/p>\n

International Benchmark Brent Gift
\n$ 58.63, a 0.05{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} decrease per barrel.<\/p>\n

Source: Reuters<\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>\n

Source Link : https:\/\/www.trtworld.com\/business\/asia-stocks-dented-by-trade-war-brexit-showdown-paralyses-pound-29484?utm_source=other&utm_medium=rss<\/p>","protected":false},"excerpt":{"rendered":"

The sharp fall in August led to a slight rise in US bonds while the European market fell slightly. Meanwhile, pound sterling falls just below $ 1.2, the lowest level since January 2017. Currency dealers monitor exchange rates in front of the screen showing Korean benchmark stock index (L) and Korean Won \/ Dollar exchange […]<\/p>\n","protected":false},"author":1,"featured_media":2212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/2211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/comments?post=2211"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/2211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/media?parent=2211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/categories?post=2211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/tags?post=2211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}