OctaFX | OctaFX Forex Broker
Open trading account
Back

China's equities down on housing prices regulations, risk-off in Asia

Mainland China's Shanghai Composite fell -1.00% on reports that the city of Shenzhen has “banned developers from raising home prices”. Hong Kong's Hang Seng (-0.71%), India's Bombay Sensitive (-0.58%) and Japan's Nikkei Stock Average (-0.61%) followed the risk-off sentiment, like most equity indexes except for South Korea's Kospi (+0.32%).

Futures for the German DAX 30 (+0.12%) and the French CAC 40 (-0.01%) are signaling a mixed opening ahead of France CPI and EMU industrial production, “where markets are looking for -0.1% M/M, but German and French data points to further downside risks”, according to TD Securities analysts. “There is more activity with issuance, where Italy is issuing up to €5.5bn of 15s and 28s, in addition to 4y and 5y FRNs, announced around EST10:10am and Germany is issuing €5bn of 2y, with results around EST10:35am”, wrote analyst Alvin Pontoh.

Forex: EUR/USD up, around 1.3040

The single currency is extending the overnight up-move, trading in the area of 1.3035/40 ahead of the opening bell in London....
Read more Previous

Forex: GBP/USD hovering over weekly highs, around 1.4935/40

After dipping to levels last seen in mid 2010 in the area of 1.4830/35 on Tuesday, the sterling managed to pick up pace and climb to weekly highs overnight around 1.4950, leaving behind the miserable data from the UK industrial sector...
Read more Next
Start livechat