Trump shifts from trade to currency war; Sterling in focus

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The strong performance of U.S. equities on Monday and better than expected Chinese GDP failed to inspire Asian markets today. Equity benchmarks in Tokyo were slightly lower along with China’s CSI and Kospi 200, while Australian ASX rose on support from the materials and consumer sector.

China’s GDP managed to beat expectations coming well above the government’s target of 6.5% and economists’ expectations of 6.7%. The economy grew 6.8% in the first quarter of 2018, supported by robust property investments and consumer consumption. However, there’s a lot of… Read More

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