Asian indices finished lower today as traders digest the results of the much anticipated G20 in Osaka, Japan. The Hang Seng gives up 0.34 percent lower at 28,773, the Shanghai composite slipped 0.90 percent to 3,016 and the Singapore Straits Times index finished 0.32 percent lower at 3,359. ASX 200 in Australia is 0.3 percent higher at 6672.3 after RBA cut interest rates for a second straight month to a record low 1 percent. In Japan the main benchmark, Nikkei 225 finished 0.53 percent lower at 21,638 amid threats from US of new tariffs on European imports. Earlier today the China’s Caixin services PMI for June came in at 52.0 worst than analyst’s expectations of 53.0, the previous figure was 52.7, the Composite Output Index dropped to 50.6 in June from 51.5 that was in May’s.
Yesterday in Wall Street, Dow Jones was 0.26% higher at 26,786.68, while the S&P 500 recorded new all time high at 2,973.02 and the Nasdaq Composite closed 0.22% higher at 8,109.09.
In Asian forex markets USDJPY trading 0.26 percent lower at 107.61, the Aussie dollar trading flat against greenback at 0.6993 at the daily high while NZDUSD is slightly higher at 0.6679 vs USD.
The Australia Trade Balance came in at 5745M, beating expectations of 5250M in May while Aussie Building Permits, Year over Year, was up to -19.6% in May from previous reading of -24.2%.Don’t miss a beat! Follow us on Twitter.