Mar­kets world­wide mixed

Malta Independent - - FINANCIAL - This ar­ti­cle was com­piled by BOV As­set Man­age­ment Lim­ited, a mem­ber of the BOV Group. BOV As­set Man­age­ment,TG Com­plex, Suite 2, Level 3, Brew­ery Str., Mriehel BKR 3000. Email: in­foas­set­man­age­ment@bov.com In­ter­net ad­dress: www.bo­vas­set­man­age­ment.com. BOV A

On Fri­day the pound led most ma­jor cur­ren­cies higher against the dol­lar, ex­tend­ing gains af­ter the Bank of Eng­land’s hawk­ish shift. Stocks across Asia and Europe were a mixed bag, while oil held steady near $50 a bar­rel.

The Stoxx Europe 600 In­dex edged lower as North Korea’s lat­est mis­sile launch raised geopo­lit­i­cal ten­sions, though de­clines in the yen, gold and bonds showed in­vestors are be­com­ing in­ured to the provo­ca­tion. Ster­ling surged to a post-Brexit high, jump­ing another step Fri­day af­ter BOE pol­icy maker Gert­jan Vlieghe said he may sup­port rais­ing in­ter­est rates in the near fu­ture. The dol­lar dipped and Trea­sury yields rose be­fore U.S. data on man­u­fac­tur­ing and re­tail sales.

Mar­kets are show­ing signs of be­com­ing con­di­tioned to ac­tions from North Korea, which has launched more than a dozen mis­siles this year and tested a nu­clear de­vice. Global eq­ui­ties climbed to a record high this week as earn­ings and con­fi­dence in eco­nomic growth over­shad­owed ten­sions on the Korean Penin­sula.

Bit­coin has slumped more than 20 per­cent so far this week. China no­ti­fied re­gional reg­u­la­tors that it aims to stop ex­change trad­ing of cryp­tocur­ren­cies by the end of Septem­ber, ac­cord­ing to peo­ple fa­mil­iar with the mat­ter.

The Stoxx Europe 600 In­dex fell 0.2 per­cent as of 10:54 a.m. London time, the big­gest fall in more than a week. Fu­tures on the S&P 500 In­dex de­creased 0.1 per­cent. The MSCI All-Coun­try World In­dex ad­vanced 0.1 per­cent. The MSCI Emerg­ing Mar­ket In­dex gained 0.2 per­cent. The U.K.’s FTSE 100 In­dex sank 0.4 per­cent to the low­est in al­most 19 weeks. The Topix in­dex rose 0.4 per­cent at the close in Tokyo to com­plete its best week since April.

Gold fell 0.4 per­cent to $1,323.88 an ounce. West Texas In­ter­me­di­ate crude climbed 0.1 per­cent to $49.95 a bar­rel, reach­ing the high­est in more than six weeks on its fifth con­sec­u­tive ad­vance.

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