The Dow Jones and S&P 500 index posted declines of 0.29 and 0.20 Percent while the NASDAQ managed to post a 0.27 Percent gain.
The energy sub-categories dragged the former two indices, primarily the Oil & Gas Equipment & Services companies. The loss-makers included Halliburton and Baker Hughes Co.
The oil prices were also in a downswing yesterday, but the oil-dependent currencies – Norwegian Krone and Swedish Krona refused to play along. The comments from Nordic economists that the contraction in Sweden might not be as severe as earlier anticipated by them helped the Krona.
The euro gained after the US agreed to not impose tariffs on 7.5 billion dollars’ worth European goods; there is an ongoing legal battle between the US and EU regarding illegal subsidies to Airbus.
The Australian and New Zealand dollars were among the biggest losers, especially the NZD. The US dollar traded without much of a direction. The better numbers on the unemployment claims helped the dollar to rally in the early US session but couldn’t sustain the gains.
Friday’s Asia-Pacific Trading
A better than expected Chinese numbers in industrial and sales could help the AUD and NZD to make a comeback as well as in boosting the regional risk sentiments. But, the upcoming Sino-US trade talks might prevent traders from being wildly bullish, even with positive data from China. The conversations will not be peaceful as many geopolitical and economic issues will crop up during the discussions.
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