Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
07:47
Asian stock markets are trading in sharp declines today, partly due to an increase in the level of tensions between the US and China and after the publication of inflation data in South Korea, where the consumer price index recorded a 6.3% increase in the last 12 months (through July). The figure was in line with economists’ expectations .
In Hong Kong, the index of the leading shares registered a decrease of 2.7% and the Nikkei index in Tokyo decreased by 1.5%.
In the trading of contracts on the indices of the US stock exchanges, slight decreases are recorded.
Last night, after a volatile trading day, trading on the New York stock exchanges closed with slight decreases. The Dow Jones fell 0.1%, the Nasdaq 0.2% and the S&P 500 0.3%. In the US government bond market, the yield on the 10-year note retreated to 2.58%.
Now the yield on the 10-year US government bond continues to fall to about 2.55% and the dollar trades stably against the euro and the pound and weakens about 0.5% against the Japanese yen.
In the commodity trading arena, oil contracts are down by about 0.7% after yesterday’s sharp declines and gold is registering a slight increase.
In the crypto market, Bitcoin is slightly weaker and is trading around $22,800 and Ethereum is down about 3% to around $1,580.
Efficiency also in Oracle
company oracle has begun to implement a plan to cut its expenses that also includes layoffs in several branches around the world, the technology news site The Information reported yesterday (Monday). According to the report, the company has already started laying off workers in its offices in Silicon Valley, and that it intends to cut about a billion dollars in its expenses, which will result in the dismissal of “thousands” of additional workers in the US, Canada, India and Europe during the coming weeks or months.