Due to the military conflict between Iran and the United States in the last few days, prices soared high on the Asian stock market after plunging low. On Wednesday, Asian stocks went up. It was after the United States President Donald Trump assessed the situation in his speech, and tensions eased marginally. The Asian markets followed, additionally.
South Korean equities and Japan’s shares grew significantly. The same happened to Hong Kong’s shares. Even though the events after the rocket attack in Baghdad took the edge off the positive Wall Street session on Wednesday night, traders were worried about what was to come.
Moreover, Iran and the United States agreed to stop more profound aggression. The investors are very hopeful that military conflict could be averted. Thanks to the non0farm jobs report, we can further assess the United States economy later today. In December, China’s consumer inflation already steadied according to the data.
It should be noted that there are some exciting events this week, for example, the United States monthly non-farm employment report, which is due today.
Meanwhile, look over the updates in major markets:
Bonds
- – The yield on 10-year Treasuries declined with one basis point to 1.86%.
- – More than four basis points to 1.23%, Australia’s 10-year yield increased.
Commodities
- – After a 4.9% decline on Wednesday, West Texas Intermediate crude rose 0.7% to $60 a barrel.
- – At $1,556,2 an ounce, Gold changed a little.
Currencies
- – The Bloomberg Dollar index spot was flat.
- – The offshore yuan was at 6,926 per dollar by advancing 0.2%.
- – The yen was at 109.3 per dollar by declining 0.1%.
- – The euro bought $1.1113, by increasing 0.1%.
Stocks
- – Japan’s index of Topix climbed 1.6% at 3 pm, close to Tokyo.
- – Hong Kong’s Hang Send index advanced 1.3%.
- – South Korea’s Kospi index climbed by 1.2%.
- – Australia’s S&P/ASX 200 index added 0.8%.
- – Euro Stoxx 50 contracts grew by 0.6%.
