Morning Report

Tuesday 05 June 2018

Asian stocks dipped on Tuesday as the markets took a breather after the previous day’s rally, although tech-inspired Wall Street gains helped limit the losses, with investor focus moving away from trade concerns and back to benign economic fundamentals.

Friday’s better-than-expected May U.S. employment report has helped revive investor optimism for the world’s biggest economy, shifting the focus away from recent trade tensions.Italy’s anti-establishment parties formed a coalition government on Friday to end three months of deadlock and averting potentially destabilizing snap elections.

The 10-year U.S. Treasury note yield stood near an 11-day high of 2.946 percent.The dollar index against a basket of six major currencies was little changed at 94.040 after edging down 0.2 percent overnight. The People’s Bank of China (PBOC) set the Yuan reference rate at 6.4157 vs previous day’s fix of 6.4208.

In commodities, crude oil was on the defensive with expanding U.S. production and possible global supply growth weighing on prices. U.S. crude futures CLc1 were 0.3 percent higher at $64.96 a barrel after dropping 1.6 percent overnight and touching $64.57, the lowest since April 10.

Published by prashanti forex

Prashanti Forex is managed by a certified treasury professional with an experience of more than 15 years in Finance and Advisory Business. His expertise come from various organisations, where he has gained knowledge and deep understanding of financial environment. His Principle Objective is providing customised advise with excellent service, committing a relationship based on integrity, understanding, honesty and trust. We are glad to offer you a boutique of services which will enable your organisation to enhance the profitability and efficiently manage the business risks. Our Services are : Treasury & Risk Management Solutions Trade Finance Wealth Management

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: