Limited profits for Asia shares with anticipation on the results of companies
Asian stocks have recorded minor profits with investors awaiting a series of businesses and economic data this week, giving early indications of the effects of the customs war launched by President Donald Trump. The regional stock index rose 0.2%, supported by market gain in Hong Kong and Australia, while the ‘S&P 500’ futures ranged between limited profits and losses. The US dollar settled, while gold fell by 0.6%. Due to a public holiday in Tokyo, there was no trading on Asian Treasury effects, with the trade at the beginning of European session. This achievement comes with the face of the American Rise Wave, which runs five days, the highest profit series has registered since November, a decisive test this week with the release of employment, inflation and economic growth, as well as the results of the profits of major technology companies. Although the fluctuations in the market have decreased over the past week to unrest caused by Trump’s commercial policy, the state of anticipation remains in control with the continued fear of the global economy. Voltages are underway, Fouad Rizk Zadeh of “City Index” and “Forex.com” said: “Despite calm, commercial stress remains, the fear of recession and uncertainty about monetary policy.” Chris Larakin van E -tyan, Grurghan Stanley, explained that the continued rise in shares requires a clear shift from the White House to a more flexible policy with China, which is excluded in the current situation. Treasury Secretary Scott Besent has confirmed to the CNBC that the China’s file is not currently among Washington’s priorities, in light of the US administration’s focus on the conclusion of commercial agreements with about 17 other countries, considering that Beijing is responsible for reducing escalation. A hard -line Chinese position, in exchange for it, emphasized its position by an editors published by the newspaper “Al -shaab”, in which the United States a refuge of the imposition of fees. Chinese Foreign Minister Wang Yi also warned that silence and assignment to the pressure “Taman” would achieve extra profits. The Chinese Foreign Ministry has renewed its denial of conversations with Washington to reduce customs duties. Meanwhile, President Trump has moved to alleviate some of the effects of the Customs War of the US Motor Sector through new procedures related to cars manufactured abroad. The Federal Reserve data in Dallas showed a sharp decline in the Texas Manufacturing Activity Index, with corporate managers describing the conditions caused by fees in words such as “chaos” and “madness”. The profit season is awaiting advertising this week for the results of giant technology companies, including “Microsoft”, “Apple”, “Mita Platforms” and “Amazon”. “The seven -large profit season, commercial news headlines and a crowded economic data medule are all factors that keep investors in serious tension,” said Anthony Sajalpini of “Amerbraiz”. On the currency, the Canadian dollar fell with the approaching statement of the results of the national election. In the commodity markets, oil prices stabilized to a series of declines, while gold fell amid the markets that warned before the major economic data reached out.