asian markets start week cautiously
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Asian markets start week cautiously

Arab Today, arab today

Arab Today, arab today Asian markets start week cautiously

European Central Bank President Mario Draghi
Hong Kong - AFP

Asian traders moved cautiously Monday with turmoil in the White House fuelling concerns about Donald Trump's economic agenda, as a central bankers' summit comes into view later in the week.

While tensions over North Korea have eased, the deadly terror attack in Barcelona on Thursday is keeping focus on geopolitical issues.

US dealers provided a negative lead for their Asian counterparts, with all three main New York indexes ending in the red as Trump's struggles continue.

There are fears his promises of tax reform and other pro-business measures will not see the light of day, with his support from corporate America damaged by his much-criticised response to a white supremacist rally in Virginia last weekend.

Hopes that his plans would fire the world's top economy had helped stoke a rally in global markets and the dollar at the start of the year but that has foundered in recent months.

The White House turmoil continued Friday after his top adviser Steve Bannon was dismissed -- marking the fifth high-profile casualty in Trump's inner circle in just six months.

There has also been talk that his economic adviser Gary Cohn would step down, further dragging confidence.

"Last week was a mess for the president, for the presidency, and for his agenda," Greg McKenna, chief market strategist at AxiTrader, said in a note. 

He added: "(Traders are) asking: 'Are we at the point where the recovery is over and a new wave of US dollar weakness is set to begin' or 'are we in the hiatus after the initial spurt before the US dollar rallies again'."

Tokyo stocks ended the morning session 0.4 percent lower as exporters are hurt by a stronger yen, while Hong Kong was up 0.5 percent and Shanghai added 0.2 percent.

Sydney eased 0.4 percent and Seoul was 0.2 percent off. Wellington and Taipei was slightly lower while Singapore edged up 0.1 percent.

Central bank heads from around the world will descend on Jackson Hole, Wyoming this week for an annual conference, which will be tracked for clues about future policy, with the eurozone's top banker Mario Draghi of interest as the bloc's economy picks up the pace.

Expectations of European Central Bank policy tightening have boosted the euro in recent months, and it is up more than 10 percent against the greenback since the start of the year.

 - Key figures around 0230 GMT -

Tokyo - Nikkei 225: DOWN 0.4 percent at 19,384.64 (break)

Hong Kong - Hang Seng: UP 0.5 percent at 27,185.02

Shanghai - Composite: UP 0.2 percent at 3,275.99

Euro/dollar: DOWN at $1.1758 from $1.1762 at 2100 GMT

Pound/dollar: DOWN at $1.2869 from $1.2885

Dollar/yen: UP at 109.26 yen from 109.22 yen

Oil - West Texas Intermediate: UP three cents at $48.54

Oil - Brent North Sea: FLAT at $52.72 per barrel

New York - Dow: DOWN 0.35 percent to 21,674.51 (close)

London - FTSE 100: DOWN 0.9 percent at 7,323.98 (close)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asian markets start week cautiously asian markets start week cautiously

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asian markets start week cautiously asian markets start week cautiously

 



GMT 12:47 2016 Thursday ,01 September

'La La Land' musical masterpiece dazzles Venice film fest

GMT 12:42 2017 Monday ,20 February

Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'

GMT 19:01 2017 Wednesday ,30 August

Oil prices down as US reels from Harvey

GMT 04:19 2017 Monday ,08 May

National forces attack mercenaries in Taiz

GMT 19:21 2017 Sunday ,07 May

Iranian Film Week opens in Baghdad

GMT 21:33 2017 Sunday ,30 July

Arab Quartet meeting kicks off in Bahrain

GMT 17:17 2016 Friday ,07 October

Aleppo bleeds as US and Russia spar

GMT 12:03 2015 Monday ,21 December

Nepal protester killed in constitutional crisis clash

GMT 09:47 2016 Thursday ,22 December

Trump vows to cut F-35 spending, as leaked memo

GMT 21:44 2017 Friday ,15 December

King establishes Hawar Development Committee

GMT 20:57 2017 Tuesday ,16 May

Naval Forces rescue 23 tourists in Hurghada

GMT 12:56 2017 Monday ,11 December

Lyon leave it late, Balotelli with Nice winner

GMT 06:18 2017 Thursday ,19 October

Russian delegation meets with Julphar chairman

GMT 21:20 2017 Monday ,23 October

Nasr, delegation of London Stock Exchange

GMT 14:40 2012 Saturday ,10 March

Magdy Al-Galad steps down

GMT 09:47 2017 Sunday ,12 March

Cat Camp in New York attracts cat lovers

GMT 14:57 2016 Friday ,09 September

Madonna, Ritchie settle child custody dispute

GMT 23:52 2017 Monday ,18 September

UAE economic growth boosting logistics sector
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday