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16.02 Asian markets are off as the Lunar New Year is here

Asian indexes are off the picture from today and until February 21 in the celebration of Lunar New year. With this, European markets and currencies are going up the ladder, pushing the greenback further down. More in the article.

Asian indexes are off the picture from today and until February 21 in the celebration of Lunar New year. With this, European markets and currencies are going up the ladder, pushing the greenback further down. More in the article.

Brexit Breaking: a lot of jobs will be lost.

vauxhall

Brexit is not only hitting in the political sector, but now it is actually breaking people’s lives, as a lot of jobs are lost in the UK right now.

Vauxhall Motors is cutting jobs as production tempo is going down and experts fear that this is not the end and the cuts will also come to other companied as well.

“People shouldn’t underestimate the dangers that Brexit’s bringing – John Cooper, a union representative who has been working in the car industry in Ellesmere Port for the last 50 years. “Why would Nissan continue to invest in the northeast when it’s got a plant in Spain where it can build the same car without a 10 percent tariff?”

This is the outcome of the ongoing Brexit trading negotiations and uncertain policy of the May’s office.

Crypto market is showing progress.

Crypto Market Update Bitcoin Back to 6000 as Altcoins Stabilize
Although right now most of the top-10 digital coins are in the red, there is an undeniable growth in price for most of them, that can be especially seen by the Bitcoin price.

Earlier in the week its cost was lurking around 7000 USD, but in the last 24 hours it has even breached a 10.000 USD point. XRP and Litecoin are both growing with such tempo that they are already ahead of Bitcoin, having gained about 30 percent of the price each during the week.

Seems that there is still hope for the crypto investors.

Stock, currencies and crude overview.

King World News What Is Happening In Gold Bonds And Crude Oil Is Truly Stunning compressor

With Asian markets closed for the holidays the are more news from European segment of the market.

For example, Euro is getting more expensive and reaches a three-year high.

Stoxx Europe 600 Index has grown 0.7 percent – the highest mark in a week.

DAX Index of Germany is up 0.5%.

FTSE 100 of UK - +0.6 percent.

Japanize yen is also benefiting from dollar’s slip, as it has been during the whole week. 105.98 yen per dollar is a good price for the currency.

Euro costs 1.2528 USD – also the highest in 3 years.

Silver is $16.939 per ounce. Gold is up 0.4 percent – 1.358.76 USD per ounce. 

Gains of WTI are a blessing for the investors after multiple scares last week: $61.72 per barrel.

 

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