Arab Today, arab today asian markets mostly down euro picks up
Last Updated : GMT 17:16:10
Arab Today, arab today
Arab Today, arab today

Asian markets mostly down, euro picks up

Arab Today, arab today

Arab Today, arab today Asian markets mostly down, euro picks up

Asian markets
Hong Kong - AFP

Most Asian markets edged down on Tuesday, with Shanghai and Hong Kong hit by another weak batch of indicators, but the euro was supported by upbeat German trade data.

Wall Street provided a negative lead as last week's strong jobs report fanned expectations that the Federal Reserve will increase borrowing rates soon.

Tokyo slipped 0.70 percent owing to a pickup in the yen, while Hong Kong lost 0.27 percent and Shanghai eased 0.12 percent, while Seoul was marginally lower. But Sydney gained 0.39 percent.

In the morning China's National Bureau of Statistics said the consumer price index, a country's main gauge of inflation, came in at 1.2 percent in May, down from April's 1.5 percent.

The figure is the latest showing signs of weakness in the world's second biggest economy and reignite worries about the country slipping into a painful spiral of deflation, which could further drag on any recovery.

Tuesday's data also come a day after a report showing a heavier-than-expected fall in imports, a seventh-straight drop, as Beijing struggles to get growth back on track.

In foreign exchange markets the dollar was at 124.64 yen early Tuesday, higher than 124.47 yen in US trade late Monday but still well below 125.52 yen in Tokyo earlier Monday owing to profit-taking.

The greenback also dipped Monday after media reports that US President Barack Obama had told Group of Seven leaders in Germany that the currency's recent strength "posed a problem".

But the White House denied that quickly, and Obama told reporters: "I did not say that. And I make a practice of not commenting on the daily fluctuations of the dollar or any other currency."

The euro was at $1.1295 and 140.71 yen Tuesday from $1.1293 and 140.57 yen on Monday in New York.

The single currency recovered most of its recent losses on the back of data showing a widening of Germany's trade surplus in April as exports grew 1.9 percent and imports fell 1.3 percent.

However, the euro remains fragile as traders watch stalled debt reform talks between Greece and its creditors, with the two unable to reach an agreement that will unlock much needed funds for Athens to avert a default and possible eurozone exit.

In New York the Dow lost 0.46 percent, the S&P 500 shed 0.65 percent and the Nasdaq fell 0.92 percent.

Toshihiko Matsuno, chief strategist at SMBC Friend Securities Co. in Tokyo, told Bloomberg News: "We still have concerns over US monetary policy and Greece hanging over our heads.

"If the US moves towards raising rates, bonds will be sold, and if that turns into a big move, there'll also be consequences for stocks."

Oil prices were higher. US benchmark West Texas Intermediate for July delivery rose 22 cents to $58.36 while Brent crude for July gained 20 cents to $62.89.

Gold fetched $1,176.01 compared with $1,174.47 late Monday.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian markets mostly down euro picks up Arab Today, arab today asian markets mostly down euro picks up

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar

GMT 13:40 2017 Thursday ,23 February

Muscat Securities Market loses 17 points

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday