The majority of Asian stocks managed to extend their gains due to the positive commodity prices today. Commodities managed to offset the possible debacle that North Korea can instill in the market with its continues geopolitical crisis with the US; the latest was the massive nuclear war threat that the deputy ambassador talked about with the United Nations.
On the other hand, the Global stocks were also experiencing massive high despite the geopolitical crisis; the gains were mainly because of the latest note from Janet Yellen which contained the massive threat of the fast-paced consumer inflation and with the weak Treasury Yield.
One of the prominent Asian Stock, the Nikkie, managed to extend its gains tallying a total of 0.3% increase today; while the ASX 200 also managed to pick up some positivity ending with a 0.7% from the massive mining craze. The extended gains that were reported were also due to the fact that the copper prices remained to peak today at the three-year highs, this keeps the investors optimistic on the coming Q3 performance from China.
Gold’s prices were also ahead today due to the North Korean debacle and the weaker dollar today, the crude oil remained to increase today despite the Iraq tension. The positive crude prices are still the lingering effect of the oil output cut extension and the fact that the geopolitical terrors from the possible nuclear war weigh the dollar terribly down.
All-in-all, the WTI crude managed to increase by a respectable 0.8% to $51.81 a barrel, while the gold stumbles just before closing by 0.7% to $1,294.40 an ounce.
The S&P 500 Index managed to increase by an incremental 0.2% in New York while the Stoxx Europe 600 Index was surging today, but eased just before the market closed and remained unchanged for today. One of the biggest winners today is the MSCI Emerging Market Index which managed to increase by 0.5%; this is the highest figures from over six years today. Spain’s IBEX Index took the denting blow today, decreasing by 0.8% on continued geopolitical terror.
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