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US Dollar Consolidates and Equities Follow Asia Lower

From marctomarket.com

Escalating violence in Hong Kong and the continued fall in Chinese producer prices weighed on equities in Asia Pacific trading. The MSCI Asia Pacific Index has risen nearly 7% during the five-week rally and is off to a weak start this week. Hong Kong's Hang Seng fell around 2.6%, its biggest loss in three months, and China's CSI 300 was off 1.75%. Nearly all the local markets fell but Australia. European shares are also under pressure. The Dow Jones Stoxx 600 has also rallied for five consecutive weeks and is off about 0.25% through the morning. US equity markets will trade today, though the bond market is closed. In ... (full story)

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  • Category: Fundamental Analysis