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A glance at overnight markets - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts offered a glance at the markets overnight.

    Key Quotes:

    "After rallying last week, oil prices are off 2%, base and precious metals lower

    No end to the political uncertainty in Spain, but Spanish 10-year bonds are matching regional performance.

    Equities have a heavier bias. Asian shares were mixed.

    The Nikkei rose 0.6% while the Shanghai Composite fell 2.6%. Reports suggest that the anticipation of the end of the sales ban on large investors and a new IPO regime, weighed on Chinese sentiment. This is the biggest decline in a month for Chinese shares. Weak industrial profits, especially among state-owned enterprises (-9.5%) also took a toll.

    "The US dollar is mixed. European currencies are a little firmer while the dollar-bloc is softer.

    Last week, the dollar eased against the Chinese yuan every day on a closing basis, but bounced back smartly today after the PBOC fixed it higher. The close (CNY6.4873) represents a new four-year high. "
    For more information, read our latest forex news.
     

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