MARKET UPDATE 13-Apr-18

A quick update on the financial markets…….

US and Asian stocks were mainly higher as the Middle-East tensions are somewhat softening, after President Trump clarified in a tweet that a possible U.S. missile strike on Syria might not be imminent.…

The S&P 500 Index, closed 21.80 points higher, the Dow Jones Industrial Average gained 293.60 points while the Nasdaq Composite Index gained 71.22 points. Investors are now shifting their focus to earning season which starts tomorrow.

Meanwhile, looking at trade partner currencies, US initial jobless claims decreased by 9,000 to 233,000. New Zealand’s manufacturing activity eased in March measured by a decline in the production index which fell to a seasonally adjusted 52.2. While the European Central Bank minutes released last night, showed broad agreement that there was not enough evidence that inflation is sustained in the Euro area.

FX Rates 13.04.18

 

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