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Afternoon Briefing 16 Aug 2023: Oil Steady on Weak China's Data
Abstract：Asian stocks tumbled as bank stocks retreated on Wall Street.
Asian Markets
Asian stocks tumbled as bank stocks retreated on Wall Street.
European Markets
The European stock exchange is expected to open higher than expected because investors are assessing the UK inflation data.
US Pre-Open Markets
The US stock market tends to rise a bit as Wall Street looks beyond the session downturn.
Commodities
Oil prices held steady as markets weighed on weak Chinese data, tighter crude supplies.
U.S. Treasury Yield
Treasury yields tend to fall slightly due to unexpected economic data.
Major Currency Pairs
Yen tend to fall because there is still potential for an increase against the USD.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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