FLASH: Gold Dips, USD Little Changed, Crude Oil Off, Stocks Flat
- Asian shares mostly flat to unchanged
- Major currencies were little changed in early trade
- Crude Oil shares fall on potential limit on China investments
- Gold prices dip as fears of widening trade war ease
Gold: Gold prices dip as fears of widening trade war ease
Energy: Crude Oil prices and a gauge of global equity markets fell Friday on media reports that the administration of President Trump may limit US portfolio investments into China, a move that would mark an escalation of US-China trade tensions.
Equities: Asian stock markets, including China’s, were little changed Monday, shrugging off news that The Trump Administration is considering delisting Chinese companies from US stock exchanges.
MSCI’s broadest index of Asia-Pacific shares sans Japan was up 0.05% ,while China’s Shanghai stock index .SSEC slipped 0.2%, barely responding to any of the concerns around the latest US – China tensions that caused the NAS Comp index .IXIC to fall more than 1% Friday.
Worries such an escalation would hurt Japan the most however weighed on the Nikkei .N225, which shed 0.45%. US stock futures ESc1 gained 0.44%, paring most of Friday’s 0.53% fall in the index.
Commodities and Currency Pairs (quotes)
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Have a terrific week.