Tuesday, January 30, 2018 was a good day for dollar, that seems to recover from the multiple hits it has taken lately, and gained more weight. Asian stocks, on the other hand did not feel so good, just like the Treasury yields. Also, America posts the list of Russian oligarchs, who are close to the Russian government – will the markets react?
Tuesday, January 30, 2018 was a good day for dollar, that seems to recover from the multiple hits it has taken lately, and gained more weight. Asian stocks, on the other hand did not feel so good, just like the Treasury yields. Also, America posts the list of Russian oligarchs, who are close to the Russian government – will the markets react?
American Treasury published the list of Russian oligarchs close to Russian regime.
It was long ago that the USA announced about their intentions to publish the list of Russian oligarchs and those who are close to Putin. The list is a part of an investigation of Russian influence and possible interference with 2016 Presidential elections in America.
The list is not a threat but merely a number of people who are advised to be looked after. It consists of banks CEOs like German Gref, CEO of Gazprom – the biggest and until recently the most profitable company of Russia, Alexei Miller, co-owner of the second biggest in the world aluminum production company Rusal Oleg Deripaska, and many others.
There are also other people on the list like Oleg Abramovich, Dmitriy Medvedev (prime-minister), Alisher Usmanov and many others. A total of 200 Russian richest and most powerful are on the list. It includes politicians, businessmen, banks officials and in general those who are thought to be close to Kremlin.
NAFTA negotiations blocked by the US.
USA’s representative in NAFTA discussion Robert Lighthizer has blocked Canada’s offer for NAFTA modernization.
Donald Trump has often stated his wish for the USA to leave the North American Trade agreement, as he claims that it has brought the American jobs to flee to Mexico. He has agreed to review his words only is the agreement calls for the jobs to be brought back to America.
Lighthizer’s partners in discussion, the representatives of Canada and Mexico do not agree with American statements and seem to think that, on the contrary, the talks of NAFTA’s modernization are quite successful.
Asian stock fell from their peak as dollar gained more strength.
MSCI Asia-Pacific index, excluding Japan is down by 1.1% after having touched its all-time-high on Monday. But even with this loss it is still on the point of 6.5% monthly gain.
Honk Kong’s state bank’s stocks have slipped by almost 1% and Japan’s Nikkei fell by 1.4%.
The pressure from the falls seems to have moved to Europe as well, as Germany’s DAX and France’s CAC have lost 0.8 and 0.6 percent respectively.
US stocks have also reacted to instability in the market. In five months DOW and S&P were showing pretty standard growth until yesterday, when both of the stocks have hit 1% loss. Apple shares have also slid lower.
Although the greenback didn’t seem to feel the hits and its index against the basket of six major currencies is higher today by 0.15% against three-year lows it was displaying in the last weeks. Treasury note yield has reached to the point of its highest since April 2014.
Theresa May is struggling to find a proper way out of EU.
According to Bloomberg’s anonymous source, Theresa may is posing a real pain for the EU officials as she is desperately trying to find a good way out of EU for Great Britain.
According to the source it seems impossible for May to find a good solution that will suit both parts of her currently divided cabinet. So, she is turning for help to the EU government for them to offer her anything possible.
The main goal for the running GB cabinet now is to remain in good market and economic relationship with EU and to form a kind of relationship with the Union that would be very beneficial for the Kingdom. But that doesn’t seem to be the case as EU plans to use Brexit as a chance to demonstrate a firm hand.
Stocks, currencies and crude overview.
Nikkei 225 fell by 1.4% in the last 24 hours.
Futures on the S&P 500 slid by 0.7% on Monday and is extending its fall today – it is lower by 0.5%.
South Korean Kospi fell 1%.
Euro continues falling at is traded at the point of $1.2361.
Pound costs $1.4036.
Yen has lost its positions from last week and is traded at the mark of 108.72 yen for 1 dollar.
Silver costs $17.131 per ounce – $0.004 less than on Monday and gold costs $1.335.53 for the same amount.
WTI price fell by 1.2% - $64.79 for barrel.