yen dollar news-climbed for a fifth day at the start of a week

Stocks were mixed while the yen climbed for a fifth day at the start of a week packed with earnings results and a Federal Reserve interest-rate decision. Oil remained below $46 a barrel before an OPEC meeting.
The MSCI Asia Pacific Index was little changed after a 10-day rally, while European stocks were dragged lower again by a selloff in automakers. The dollar held losses after touching the lowest level since May 2016 on Friday. Crude dropped, extending last week’s 1.7 percent decline. Treasuries were little changed.
Earnings from industry bellwethers from Inc. to GlaxoSmithKline Plc and central bank policy discussions are providing the latest tests for the bull market that’s propelled the value of global equities to $78 trillion. Investors are also bracing for further surprises from Washington after President Donald Trump sought to impose order in his White House in the face of a widening Russia probe.
Senior adviser Jared Kushner will be interviewed by the Senate Intelligence Committee on Monday, and Donald Trump Jr. and former Trump campaign Chairman Paul Manafort will go before Senate committees on Wednesday.

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Here are some key events coming up this week:
China posts industrial profits for last month, with early indicators pointing upward. Japanese June data also due this week may show sluggish CPI, even amid a tightening labor market and increased household spending.
Fed chief Janet Yellen is in something of a bind: inflation remains muted and the job market robust. As a result, the central bank is expected to make no change to policy on Wednesday with investors and economists parsing the statement for clues on how officials plan to proceed in reducing their massive portfolio.
Alphabet Inc. and Facebook Inc. results are on the calendar this week, as are global banks Deutsche Bank AG, Nomura Holdings Inc., BNP Paribas SA and UBS Group AG. Pharma giants like Merck, Roche and Eli Lilly are also due along with McDonald’s, Caterpillar, GM, Ford, Boeing, Royal Dutch Shell, Total and Exxon.
These are the notable moves in markets:
The Stoxx Europe 600 Index fell 0.2 percent as of 8:33 a.m. in London, after dropping 1 percent on Friday. Automakers dropped 2.2 percent.
The MSCI Asia Pacific Index was flat after rallying over the past two weeks to the highest level in more than 10 years. Japan’s Topix index slid 0.5 percent, after dropping as much as 1 percent earlier in the day. Australia’s S&P/ASX 200 Index lost 0.6 percent.
The Shanghai Composite Index advanced 0.4 percent while Hong Kong’s Hang Seng was 0.5 percent higher. India’s Sensex climbed 0.6 percent to a record.
Futures on the S&P 500 Index fell 0.2 percent. The underlying gauge closed flat on Thursday and Friday last week.
The yen climbed 0.3 percent to 110.78 per dollar, the highest level since June 19.
The Bloomberg Dollar Spot Index retreated less than 0.1 percent, after dropping for two straight weeks. The euro fell 0.1 percent to $1.1648 while the British pound added 0.1 percent.
The Australian dollar rose 0.5 percent, trading above 79 U.S. cents ahead of a speech by Reserve Bank of Australia Governor Philip Lowe on Wednesday. Guy Debelle, the central bank’s No. 2, last week appeared to tone down the RBA’s more hawkish tone recently.
WTI crude fell 0.3 percent to $45.63 a barrel. Limiting oil output from Nigeria and Libya won’t be on the agenda when OPEC meets on Monday, with both African nations saying they’ll need to keep pumping at a higher level before they can join a global effort to stem a supply glut, according to two people familiar with the planned talks.
Gold slipped less than 0.1 percent to $1,254.48 an ounce, after climbing the past two weeks.
The yield on the 10-year Treasury note was flat at 2.24 percent.
Australian benchmark yields fell two basis points to 2.68 percent.
French and German 10-year yields were little changed, while U.K. gilts rose one basis point to 1.18 percent.



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