Wall street going dip again, and Asia bourse expected open lower following the US market last night.
The projection that unemployment rate rise up these year thus US consume will decrease and economic growth become slower. The Fed signaled that they open mind to cut interest again.
Consumer good, industry, and transportation are strike by these projection and make investors put them sell especially when the oil price creeping to $ 134 per barrel.
Consumers will reduce their spend while energyu price are high, it would make company gain are lower where divide to stock holder are lowest.
Financial sector has damped bay US financial institution where their gain average are turn lower average 19% in near term. Profit taking are predicted happen to these sector today in Asia market. Real sector facing default by financial sector after US micro conditions are not favorable. Technology sector probably crushed by US negative sentiment where energy price are so high.
Yen appreciated to Dollar US and could push export shares are lower today. For Hangseng, these afternoon are data released for Hong Kong economy growth, market estimated are consolidated, and effected to the market probably tomorrow.
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