How can strengthening Thai assets affect the Forex market? Asian currencies have experienced an enormous boost, ever since Donald Trump was elected as the newest President of the United States, including the Thai Baht.
Today’s highly volatile financials world makes it seem as though anything could happen this year. The thought of investors flocking to Thai assets isn’t as far-fetched as it may first appear.
One Bank of Thailand governor believes it’s happening, that many foreign
Markets in the U.S. have been trading modestly lower all morning and are heading into the lunch break trading just off their session lows as they look ready to snap a four-day winning streak.
At noon on Wall Street, the S&P 500 is trading lower by 0.29%, the Dow is off by 0.23%, the Nasdaq has fallen 0.24%, and the Russell 2000 is sporting a 0.91% loss.
Transportation shares in the airline and railroad space are
U.S. stock markets pulled back modestly from near record levels today as investors struggled to maintain the gaining mode as the USD extended the higher edge.
United States markets lost ground as traders and investors looked over a mixed bag of earnings from retailers. Health care stocks traded lower.
Shares of the retailers Gap, Abercrombie & Fitch and Williams-Sonoma dropped after the companies announced weak quarterly reports. The Dow Jones Industrial Average lost 35 points to
Volkswagen AG trades today at 130.70 euros per share on XETRA in Frankfurt, Germany, representing an increase of 1.60 euros or 1.24% from the previous close of 129.10.
The stock price of the automaker was far away from the peak mark of the last six months when VOW changed hands at 141.35 euros per unit.
The German giant managed to reach a vital agreement with workers to cut as many as 23,000 jobs and save 3.7
Japan’s Nikkei finished unchanged yesterday, but it is making up for lost ground today, trading near its session high with a gain of 0.84% heading into the lunch hour.
Japanese investors are reacting to the overnight strength on Wall Street combined with a much weaker Yen versus the U.S. dollar yesterday.
The morning’s gain has seen the Nikkei retake the 18,000 level, with major Japanese export companies leading the charge higher.
The USD/JPY traded at the
U.S. markets are back on the move higher, trading near their session highs as the lunch hour begins on Wall Street.
Currently, the S&P 500 is trading higher by 0.49%, with the Dow higher by 0.11% and the Nasdaq up by 0.70%.
The financial sector is back in the lead as investors remain excited about the prospects for banks and other financial institutions as the U.S. prepares for a Donald Trump administration.
The consumer discretionary space