Forex Marketz Daily Forex News – Fully Markets Update
Several events, mostly due to the benchmark 10 year Treasury yield hitting three percent saw stocks on Wall Street selling off overnight. The Dow Jones shed over 400 points. Asian and Pacific Rim stock bourses were also mostly lower Wednesday morning.
The Asian bourse, Japan’s Nikkei 225 was down 0.5 percent. The broader Topix index, in Tokyo, fell as well. It was last down 0.47 percent.
In corporate news, shares of Takeda Pharmaceutical were sharply lower. They traded down 5.73 percent. There are headlines that the company increased its buying price for London based drug maker Shire. They are now offering nearly £46 billion pounds or $64 billion.
In South Korea, the Kospi composite index was also lower. It was last down almost 0.72 percent.
Elsewhere in the Asian region, financial markets in Australia and New Zealand markets were closed. They are celebrating the Anzac day public holiday. This led to lower regional trade volumes.
Asian Traders also watch the Rising Dollar which Steadied this Morning
This morning, at 8:30 am HK time, the dollar index, which measures the U.S. currency against six other Forex majors, was steady. It was last trading at 90.813. The dollar has been recovering from levels below 90.00 see the previous trading week.
The benchmark USD/JPY Forex market was last fetching 108.93 yen. The benchmark EUR/USD Forex market was last trading at $1.2228.
In other headlines, crude oil prices fell during the North American trade hours. There are lessening concerns that the United States will reinstate sanctions against Iran.
President Donald Trump said that the U.S. could soon reach an agreement with France to reserve the 2015 Iran nuclear deal.
Trump made these remarks during a news conference with French President Emmanuel Macron. The French President is trying to persuade Trump from pulling out of the 2015 accord. Macron is saying that there is no plan B.
