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Asian shares ease trade talks, Fed test from Reuters



© Reuters. DAX index of the Frankfurt stock exchange

By Ritvik Carvalho

LONDON (Reuters) – World stocks declined on Monday and the dollar hit a two-month high against a basket of currencies, as markets counted this week will probably cut interest rates in United States, with much more effort to get Federal Reserve signals to do even more.

After initially opening lower, European stocks moved into positive territory by making deals and rallying in defense sectors. The rise of the pan-European index

which measures green money against a basket of colleagues, was 0.1

% higher and 31 May highest.

A US GDP report stronger than expected on Friday gave the wings of the dollar as it has made some investors doubt whether the Fed will continue to calm this year after its meeting on Wednesday

Interest rate futures are entirely month interest rate, but only a small chance The more important thing will be what the central bank signals for the future, given that the market implies 100 basis points for relief in the coming year.

MSCI's All Country World stock index down 0.2% on the day, erasing some trading losses by 0.05% lower.

"The week is mixed, which is not surprising considering how many investors have to follow in what is usually Peacetime of the Year," said Craig Eralam, senior market analyst at OANDA.

"There is no summer lull, as the Fed will begin to ease the cycle, BoE (Bank of England) offers its first assessment as Boris Johnson became prime minister, one third of the companies and one quarter of the companies reported the second quarter of its profits, and US jobs have been published, and trade talks re-start between the US and China, as always, for almost four days, so today may be the calm before the storm. "

and the Chinese Trade Negotiations in Shanghai this week for its first private talks after the G-20 last month, but

Weekend data showed that the profits accumulated by Chinese industrial firms were contracted in June, fueling fears that the trade war will to keep up with economic growth. for a narrow deal that addresses important trade-related issues such as US demand for increased exports, "said analysts at Barclays (LON 🙂 in a note

" That said, we are skeptical about the prospects for a wider agreement that includes more challenging security issues.

In Asia, MSCI's largest Asia-Pacific stock index was half a percent lower, Japan fell by 0.2 percent and Shanghai by 0.1 percent. ] The Eurozone bo First profits fell as US investors pondered more about US-Chinese trade talks and waited for the US Federal Reserve to drop their interest rate after disappointing signals from the European Central Bank last week

t from 1 basis point to -0.3910%, not far from the record-low of -0.422%, touched last week. In other currencies, the sterling dropped to the lowest 27-month levels around $ 1.2325 amid Prime Minister Boris Johnson's government. was preparing the ground for Brexit "without a bargain". The euro is 0.1% lower than 1.111 dollars. Oil prices fell when investors worried about the prospect of global economic growth, while negotiations between Iran and the big powers over the weekend ended with a positive finding suggesting relief of tensions in the Middle East. East.

futures declined by 0.74% to $ 62.99, while they lost 0.34% to $ 56.01 a barrel.


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