Friday Overview of the Global Markets

Sera Akinci  |  March / 4. Week
Asian markets hold their breath today, after the delay of the US vote on a healthcare bill. The party leaders postponed the vote on the American Health Care because of a lack of support, leading investors to fear the possibility of Donald Trump pushing through his business friendly agenda. Although, the vote is expected to happen later on today, after the Asian markets have closed.
On Thursday, the Standard & Poor's 500 Index (S & P 500) slipped after the healthcare vote was postponed; raising concerns that it would face difficulties in implementing other policies of President Donald Trump. While Oil narrowed its weekly loss, gold returned some of its earnings this week.
Developing market assets have risen since the FEDs interest rate hikes last week, while the strong JPY this week put pressure on stocks in Tokyo.
- USD increased to 111.28 JPY from 110.93 JPY on late trading Thursday.
- JPY fell 0.3% against the USD after rising eight days to reach the level of 111.30 at 13:13 in Tokyo time. The Bloomberg Dollar Spot Index, which tracks the US currency against 10 major currencies, rose 0.1%.
- GBP was down 0.2% and the Australian and the New Zealand dollars were down 0.1%.
- Japan's benchmark Nikkei 225 index increaed 0.9% to 19,253.63 as buying picked up following recent losses.
- South Korea's KOSPI index fell 0.4% to 2,164.96.
- In Japan, the TOPIX index rose 0.8% and narrowed this week's loss to 1.5%. In Australia, the S & P / ASX 200 Index rose 0.8% and South Korea's KOSPI index fell 0.2%.
- In Hong Kong, the Hang Seng index dropped 0.1%, while Hang Seng China Enterprises index, which includes Hong Kong-traded Chinese shares, declined 0.2%.
- Standard & Poor's 500 (S & P 500) index futures contracts climbed 0.2%. The benchmark index fell 0.1% on Thursday, while the STOXX 600 Index rose 0.9%.
- The MSCI Emerging Markets Index fell 0.1%. The index has risen 9 times in the last 11 days.
- Australia's 10-year-term yields increased by 1% base points to 2.76%.
- US Treasury yields of 10-year maturity increased by 1 base points and reached to 2.43%.
- US crude oil features increased by 9 cents to $47.79 a barrel on the NYME.
- Gold fell 0.1% to 1,243.92 dollars per ounce and the weekly earnings dropped to 1.2%.
It is likely for the markets to remain on hold today as traders will wait on the US Congress to resolve the ''Obamacare' legislation''.

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