In the UK, the FTSE 100 index decreased by 0.06%. Germany's DAX 40 index lost 0.23%, CAC 40 index 0.42% in France, and Italy's FTSE MIB 30 index lost 0.35%. On the European side, the steps to be taken by the European Central Bank in the face of the ongoing Russia-Ukraine war, energy crisis, and high inflation remained at the center of the agenda.Īccording to analysts, the tense relations between the US and China could deteriorate with Pelosi's visit at a time when there were already concerns about the global economic recession.
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The US 10-year bond yield, on the other hand, followed an upward trend and rose to 2.7%. The dollar index rose by 0.47% to 105.8 as of 1600GMT while an ounce of gold also climbed to $1,793.80 with an increase of 0.35%.
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With the increasing tension between the US and China over Taiwan, the dollar index and gold rose. The New York stock market is also following a mixed course after the day started with a decline.Īt the opening, the Dow Jones index lost 0.33%, the S&P 500 index 0.35%, and the Nasdaq index 0.66%, while S&P 500 and Nasdaq indices showed upward movements after the opening. The dollar/yen parity increased by 0.53% to 132.3 as of 1600GMT. The Japanese yen, on the other hand, rose slightly against the dollar due to the safe-haven effect.
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Tensions between the US and China also increased the pressure on the currencies of China and Taiwan, with the Taiwan dollar at its lowest level since May 2020. In Taiwan, which is at the center of geopolitical discussions, the index also decreased by 1.56%. With these developments, Asian stock markets fell sharply, while the Shanghai Composite index was down 2.26%, the Nikkei 225 index 1.4% in Japan, the Kospi index 0.52% in South Korea, and the Hang Seng index 2.67% in Hong Kong. Beijing views Taiwan as a “breakaway province” and has vowed to reunify it with the mainland, including by force if necessary. After the plane carrying Pelosi and a five-member congress delegation arrived in Taiwan on Tuesday, harsh statements came from China.Ĭhina's Foreign Ministry said in a statement that the visit, despite Chinese opposition and protests, seriously violated the principle of "one China" and the commitments in the Three Joint Declarations that form the basis of China-US diplomatic relations. Pelosi's visit became the first one by a speaker of the US House of Representatives in 25 years. SUMMARIZECOLUMNS does not guarantee any sort order for the results.Ī column cannot be specified more than once in the groupBy_columnName parameter.US House Speaker Nancy Pelosi's visit to Taiwan, which is in a sovereignty conflict with China, has raised the perception of geopolitical risk in the markets, according to analysts. If all expressions evaluate to BLANK/NULL for a row, that row is not included in the table returned. Only rows for which at least one of the supplied expressions return a non-blank value are included in the table returned. The values present in the filter table are used to filter before cross-join/auto-exist is performed.Ī string representing the column name to use for the subsequent expression specified.Īny DAX expression that returns a single value (not a table).Ī table which includes the combinations of values from the supplied columns, based on the grouping specified.
![summarize dax summarize dax](https://i0.wp.com/sqlskull.com/wp-content/uploads/2020/07/sumtbl.png)
Each groupBy_columnName column isĪ table expression which is added to the filter context of all columns specified as groupBy_columnName arguments. SyntaxĪ fully qualified column reference (Table) to a base table for which the distinct values are included in the returned table. Returns a summary table over a set of groups.ĭAX SUMMARIZECOLUMNS function is new in Excel 2016.