Stocks Climb on Weaker Dollar and China Data: Inflation the Main Focus

The Japanese Yen is the best-performing currency due to the Bank of Japan fueling speculation of a rate alternation. Additionally, over the past week, the Japanese Yen’s performance has improved due to investors fearing the Japanese Federal Government may intervene again as the Yen declined. The Japanese Yen opened on a bullish market gap during this morning’s Asian session against all currencies. For example, the US Dollar opened on a price gap against the Yen measuring a whopping 0.55%.

In addition to the Yen, the global stock market performed well during this morning’s Asian and Futures session. The positive price action amongst stocks is due to the Dollar weakness and the positive Chinese Inflation. The Chinese Consumer Price Index is a relief for investors due to the high risk of deflation. Deflation is known to significantly damage economic growth and increase the risk of a recession. The CPI rose 0.1% in August, which is higher than -0.3% in July. The global stock market’s reaction has been positive as the CPI data lowers the risk of deflation but continues to show signs the government needs to push on with fiscal stimulus. Fiscal stimulus is again usually deemed as positive for the stock market. 

Futures Trading From Pakistan: A Guide to The PMEX 

Are you a Pakistani investor with dreams of investing in US Indices such as Nasdaq, S&P500, gold, currency pairs, and more? Well, the good news is that it’s possible, and the way to do it is through the Pakistan Mercantile Exchange (PMEX). In this blog, we’ll take you on a journey through the exciting world of international investment, explaining how you can trade on PMEX and why it’s worth considering.

The Pakistan Mercantile Exchange Limited (PMEX) is Pakistan’s first and only multi-commodity futures exchange. It is regulated by the Securities and Exchange Commission of Pakistan (SECP). PMEX offers a diverse range of futures contracts based on various commodities and financial instruments, including both cash-settled and deliverable futures contracts. Visit our global markets playlist to learn more.