Stock Markets – Closing Note – 15 Aug

Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:

Asian stocks pared losses and Treasury yields ticked higher after China said its vice commerce minister will visit the U.S. for trade talks in late August. The dollar slipped along with the yen.

Equities from Tokyo to Sydney remained lower with technology and materials shares leading declines. Earlier, U.S. benchmarks fell led by the Nasdaq 100 Index. Crude oil rebounded after slipping below $65 a barrel following a report that American stockpiles rose the most since March 2017. The Australian dollar jumped as hopes on trade outweighed a decline in June employment. Emerging-market shares declined, with the intraday drop from their January high reaching 20 percent.

The Turkish lira fell in Asia after spiking as Turkey moved to deter short-selling of the currency while Qatar promised Wednesday to invest $15 billion in the Turkish economy to help the country avert a financial crisis.