AC

ASIAN OPENING REPORT: THURSDAY – 3RD – MAY – 2018 May 02, 2018 at 10:30PM

gbp-eur

ASIAN OPENING REPORT: THURSDAY – 3RD – MAY – 2018

 

ASIAN OPENING REPORT

THURSDAY – 3RD – MAY – 2018

US cash equity markets closed yesterday in negative territory (DJIA -0.72%, S&P -0.72%, NASDAQ -0.42%). Technology stocks outperformed however, led by Apple shares which jumped after a strong second-quarter earnings
reports. Late in the session, we did see both US yields and the Dollar decline in response to the FOMC statement although both moves were later reversed to end the day ahead. Policymakers altered their language on inflation to note that they had moved close
to two-percent although did also drop language that acknowledged the recent strengthening in the economic outlook. Elsewhere, oil prices turned higher in late trade with US crude futures settling at $67.93 (+$0.68) despite the sizeable build in crude inventories
reported by the DoE.

Looking ahead, Japanese markets are closed today and will not reopen till Monday so volumes could be on the light side. On the data front, we await Australian trade data, building approvals and service industry
data.

 

Read More: ASIAN OPENING REPORT: THURSDAY – 3RD – MAY – 2018

gbpusd gbp-usd

Categories: AC, FC, SGM

Tagged as: