RISK DISCLOSURE
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital, yet users willing to take the risk can make high profits from the trades performed. Trading leveraged products may not be suitable for all investors. Before using Reflecto, please take into consideration your level of experience, investment objectives, specialized knowledge or seek independent financial advice if necessary.
Reflecto is not liable for any losses incurred or profits made by the user as a result of subscription to a certain trading strategy. Please, choose the trader you wish to follow responsibly. Note that traders, whose strategies are presented at Reflecto, act at their discretion. Subscribing to traders, the user is solely responsible for all risks assessments and executed trades.
All profits made in the past do not guarantee the same profits in the future. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved.
Reflecto acts exclusively as responsible for the website in its capacity as provider of an information service, not being responsible for the contents that users may send or publish.
Reflecto will not be responsible for the quality of the service, the speed of access, the correct functioning, the availability and continuity of operation of the website.
Analytics
Following solid losses in Wall Street overnight, Asian equities were lower on Friday, extending steep losses amid the renewed rout in global bond markets after Powell indicated that an interest rate hike was still being considered this year, especially as recent data pointed to stickiness in inflation. The Nikkei 225 index sank 0.52%, losing more than 3% on a weekly basis after fresh data showed that Japanese inflation grew more than expected last month. In China, the Shanghai Composite index fell 0.74% to settle around a one-week low.
Asian equities slipped on Friday, driven down by the reemerged pressure from rising bond yields. The Shanghai Composite index fell 0.64% after fresh data showed that China’s consumer prices in September remained unchanged compared to the same period last year, suggesting domestic demand stays weak. A separate report showed another drop in China's exports and imports in September. The Hang Seng in Hong Kong slipped 2.35%, while Japan’s Nikkei 225 index fell 0.6%.
Following some gains on Wall Street, Asian stocks were mixed on Friday after solid losses this week, with holidays in China and South Korea keeping trading volumes muted ahead of the weekend. Hong Kong’s Hang Seng led the gains, rallying more than 2% as it rebounded from a multi-month low. The regional index is poised to post a quarterly loss of around 4%. Japan’s Nikkei 225 finished nearly unchanged on Friday after the data showed that inflation grew less than expected in September, while unemployment rose last month.
Following solid losses on Wall Street overnight, the overall tone in Asia improved somehow after the Bank of Japan BOJ stuck to an ultra-easy monetary policy and made no changes to its outlook.
Following some losses on Wall Street overnight, Asian equities declined on Friday after Japan reported its economy grew less than earlier estimated in the second quarter. The data showed that he world’s third largest economy grew at a 4.8% annual pace in April-June, below the earlier estimate of 6% growth. After the release, Tokyo’s Nikkei 225 index dropped 1.21%, while the Kospi in Seoul finished just below the flat line. The Shanghai Composite index pulled back 0.18%, while the S&/ASX 200 in Australia fell 0.2%.
Asian equities fell Thursday to hit nine-month lows after the Fed dented hopes interest rate hikes are finished. Persisting fears over China's sluggish economic recovery added to a more downbeat tone among investors. MSCI's broadest index of Asia-Pacific shares outside Japan was down more than 1%. The index gave up 8% so far this month and set for its worst monthly performance in nearly a year. Japan's Nikkei and Australia's S&P/ASX 200 indexes were down 1%, while the Hong Kong's Hang Seng Index fell 1.7% before bouncing.
Asian stocks were mixed in muted trading on Thursday, in part pressured by the news that the US government announced new restrictions on technology investments in China. Still, after an early dip, China’s Shanghai Composite index turned positive to finish 0.31% higher after three straight sessions of losses. Hong Kong’s Hang Seng index also finished 0.33% higher after a solid retreat earlier in the session. On the negative side, South Korea’s Kospi gave up 0.14% on losses in tech stocks.
Asian equity markets were mixed on Friday after Wall Street slipped for a third day in a row. The Shanghai Composite Index rose 0.1% after China’s central bank governor said real estate developers would be allowed to raise more money by selling bonds, further easing debt controls imposed three years ago. The Hang Seng in Hong Kong added 0.8% while the Nikkei 225 in Tokyo lost 0.1%. The Kospi in Seoul was nearly unchanged and Sydney’s S&P-ASX 200 gave up 0.2%.
Wall Street stocks slipped overnight, with the Dow running out of steam after thirteen sessions of gains in a row. The index fell 0.67% amid profit-taking following a prolonged winning streak. The S&P 500 gave up 0.64% after a brief rally above the 4,600 level for the first time in more than a year. The Nasdaq Composite closed 0.55% lower amid a slide in Apple and Microsoft shares. On the data front, the GDP reading showed a rise of 2.4% in the second quarter, better than the 2% increase expected.