Asian-Pacific Markets Go down Amid Failed Forecasts
10 August 06:36 AM
Today, on August 10th, Asian-Pacific stock markets started the trading session with a decline because of worse-than-expected reports. China’s external trade report as well as the quarterly income reports published by some Asian companies failed to come up to analysts’ expectations.
In the morning, MSCI Asia Pacific (composite index) declined by 0,9% down to 119,81. Nikkei 225 (Japan) lost 1,3%, Hang Seng (Hong Kong ) dropped 1%, S&P/ASX 200 (Australia) также lost 0,5% of its value, Shanghai Composite (China) devalued by 0,3%.
China’s export declined down to 1% in July against 11,3% seen in June. The import dropped from 6,3% down to 4,7%. China’s trade balance surplus shrank from $31,7 bn down to $25,1 bn. Economicst had anticipated an increase up to $35,2 bn. If the export declines further, thus will be bearish factor for the Chinese economy.
Li & Fung, a clothing manufacturer, saw its stock dropping as much as 21% while the stock of Neptune Orient Lines depreciated by 4,5%. Trend Micro Inc, an security software manufacturer, had to put up with a 9,6% decline. The major reason for the weakness is weak quarterly performance.
According to Masterforex-V Academy, Nikkei 225 has formed wave (5) of 3 or cm which is probably a shortened one. If the supposition is correct, the price will start forming wave 4. If this is the case, the index will complete the correctional wave next week.
GKFX: Updated “Market Depth” for MT4 – for Those who Want to Win
Go and conquer new dimensions of thinking. B. Werber
These days anyone may work at forex market. However, stable earning on a regular basis is only for those traders that are ready to “conquer new dimensions of thinking”, have adequate reaction to any changes at rapidly progressing markets, and remain cold-minded when taking informed decisions on the basis of thorough analysis.
It’s been almost 12 months since Facebook’s IPO. Most investors are still pondering whether they made a mistake by investing in Facebook’s stock. Some experts say that this was one of the most significant IPOs in the 21st century. However, many investors eventually suffered major losses since the IPO wasn’t successful.
Google and Microsoft are having disputes once again. This time it is all about the mobile version of YouTube. According to several internet sources, both the companies created mobile apps so that users could watch YouTube videos on Android-powered and Windows-powered smartphones.
Every trader strives for consistently profitable trade in most comfortable conditions. However, not every forex broker can satisfy trader’s needs. Only those companies that have a wealth of experience of work at financial markets possess considerable capital to support their clients’ investments and trade. They constantly innovate and improve trading conditions, thus being trusted by the community of traders and investors.
Barclays Capital experts say that the British Pound is about to see a period of weakness. They name 4 major factors that will contribute to the decline:
Firstly, the British Pound will be influenced by the pace of economic growth in the UK and the USA. They say that the current economic situation in Great Britain is even worse than overseas, simultaneously pointing out that the pace of the British economic recovery will yield to the US one.