Equity Wolrd – Stocks closed mixed at the end of trading on Tuesday morning (10/01),

affected by the drop in crude oil prices and investor caution ahead of earnings reports issuer. The Dow fell 0.38 percent, to close at 19,887.38,

the highest decline in shares of ExxonMobil. The S & P 500 slipped 0.35 percent, to 2,268.90,

with the energy sector leading the eight sectors lower. The Nasdaq composite index rose 0.19 percent, to close at 5537.

Tonight will release some economic data that indicated a positive, if realized, it will strengthen Wall Street.

Asian stocks slumped opened this morning by the drop in crude oil and Wall Street berakir mostly lower.

Observed Nikkei index fell 0.40% at 19377.34 triggered penguatanYen. ASX 200 Index fell 0.98% at 5751.60 decline pushed energy shares. The Kospi index fell 0.30 percent at 2042.70.

 

Equity Wolrd | Oil Prices Drop

Of the commodity markets, US crude oil futures prices at the end of trading on Tuesday morning (10/01) tumbled 3.8 percent at 51.96 dollars per barrel, a record rise in concerns eroded Iraqi crude oil exports and rising US production will weaken OPEC efforts to curb global oversupply.

Crude oil prices may rise further with the weakening US dollar and bargain hunting. However, if the emerging optimism or news about the implementation of agreements OPEC and non-OPEC, will be able to lift prices.

LLG while spot gold price at the end of trading on Tuesday morning (10/01) ended up 0.93 percent at 1,183.61 dollars per troy ounce, triggered by the weakening US dollar and markets reassessing the US economic outlook by Donald Trump was sworn in as President at the end of this month. The price of gold for the next trade potentially weak influence of profit-taking after rallying overnight. However, if demand continues to increase in China and India may lift gold prices.

Equity Wolrd | Oil Prices Drop

Of the foreign exchange market, the US dollar weakened due to lack of major fundamental driver making it

vulnerable to the action of the safe-haven market. Since the European trading market is likely to take action to hunt down the safe haven yen

and the euro currency, and gold. This action was triggered by the political situation in Europe

after the statement of the British Prime Minister Theresa May who said they would lobby the back of trade cooperation with European countries

after the exit of the membership of the European Union.

EURUSD rose 0.41% at 1.0572.

GBPUSD fell 0.97% at 1.2160.

USDJPY fell 0.78 percent at 116.02.

Tonight will be released economic data from the NFIB Business Optimism Index in December,

November Jolts Job Openings, Wholesale Inventories MoM in November, all of whom indicated increased. If realized may reinforce the US dollar.

news by Equity World | ewf surabaya