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The Nikkei index falling to the lowest level in two months

2017-08-09 06:56 am | Resource: NEWS | No Views : 546

Nikkei index fell to its lowest level in two months, bringing the total to 19,645, down by 1.3% during the Asian trading day, after the escalation of geopolitical tensions coming from the Korean peninsula.
The statements and warnings from North Korea and the United States of America, those tensions have led investors to resort to the Japanese Yen currency as a safe haven, bringing the yen against the US dollar to the highest level in two months, recording Monday's 5 p.m. quotes.
On the level of China's data, it was the announcement of the annual producer prices, which came at a rate of 5.5%, while analysts' expectations were at the rate of 5.6%,
this in addition to the announcement of China's annual consumer prices data, which recorded a ratio of 1.4%, while analysts' expectations at 1.5%, comparative literacy was at 1.5%,
Consumer prices have witnessed a decrease, which will positively affect the Chinese inflation.

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