GLOBAL MARKETS – Asian and European indices mixed ahead of BoE

Hilal Sarı / Istanbul, June 21 (DHA) – Asian and European indices mixed following a sharp decline recent days due to trade war concerns, ahead of interest rate and asset purchase desicion from Bank of England (BoE). 

EUROPE – European indices fell except FTSE. As UK Prime Minister continues negotiating the Brexit conditions, according to a report in the Guardian free market for goods likely to be at cost of UK concessions on freedom of movement.

Euro Zone Consumer Confidence Index and BoE interest rate desicion will be eyed by investors and determine the trend of indices later in the day.

Paralel to these improvements;

• DAX fell by 0.36 percent,
• CAC fell by 0.04 percent,
• FTSE MIB fell by 0.68 percent
• FTSE rose by 0.32 percent.

ASIA - As trade war concerns linger and markets focus on economic data from Euro Zone, Bank of England and US Federal Reserve Philadelpia, in Asian markets;

• Nikkei rose by 0.61,
• Shanghai fell by 1.38
• HSI fell by 1.35
• KOSPI fell by 1.10

MSCI - Argentine and Saudi Arabia also included in MSCI emerging market index. International investors’ expectations were that “the current privatization effort in Saudi Arabia will continue to grow the investable opportunity set available,” Sebastien Lieblich, MSCI managing director and global head of equity solutions, said in a statement.

Argentine was downgraded to frontier market status in 2009 after former popülist President Cristina Fernandez imposed capital controls.

-    DOLLAR INDEX settled above 95.00 in the day, increased by 0.19 percent up to 95.31 Index moved between 95.10 and 95.41 during the day.

 -    EURO/DOLLAR declined by 0.22 percent to 1.1547 as dollar strengthens; Euro/dollar reached 1.1581 highest and 1.1536 lowest intraday.

-    US bonds declined; 10 year US bond yield fell to 2.924 percent, yield for 30 year US-bond fell to 3.062 percent and 2 year US-bond yield fell to 2.558 percent.

-    DOLLAR/YEN, rose by 0.10 percent to 110.46 as dollar deppreciated against yen.

-    GBP/DOLLAR declined by 0.36 down to 1.3122

-    OIL prices sink ahead of OPEC and after China threathens US with import tariffs on US crude oil. WTI declined by 0.59 percent down to 65.12 dollars; Brent declined by 1.0 percent down to 73.74 dollars.