- Summary:
- US indices futures point to weaker opening for the cash market after President Trump said that US hasn’t yet reached with China an agreement. Violent
US indices futures point to weaker opening for the cash market after President Trump said that US hasn’t yet reached with China an agreement. Violent protests in Hong Kong as per reports that police fired on protesters, killing at least one person and wounding others, also weigh on investors sentiment who dump risky assets during the Asian and European sessions. The bond market is closed today due to the Veterans’holiday. Eno has an “Dow Jones Futures Trade Lower On Hong Kong Protest Escalation.”
In forex markets, GBPUSD jumped higher after Nigel Farage remarks while the UK Gross Domestic Product (MoM) came in at -0.1% in line with forecasts for September, the quarterly reading came in at 0.3% below forecasts of 0.4%. The FTSE 100 is under heavy selling pressure giving up over 1.20% at 7,271, while Dax is 0.52% lower at 13,159 and CAC40 is 0.11% lower at 5,883.
Cryptocurrencies also started the week with losses, Bitcoin is 3.43% lower at 8,715, and Ethereum is 1.38% lower at 186,56.
In commodities, gold is trading higher as investors turn their attention to safe-haven assets amid conflicting reports on trade negotiations. Japanese yen is attracting also some bids; the USDJPY is 0.25% lower at 108.94. Crude oil price is trading 1.45% lower at $56.41.