- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 27.09.2017
Trading day in one post 27.09.2017
Rating:
Loading...Asian Stocks Market: Asian stock indices traded negatively on Wednesday. Nikkei declined by 0.35%, Kospi is trading almost unchanged. Australian ASX is down 0.32%. Chinese markets on the other hand showed a sign of life and rose. Shanghai composite added 0.06% to its value, and Shenzhen composite climbed 0.06%, Hang Seng climbed 0.32%.
Currency market: As tensions around North Korea dropped, the hedging instruments went back to the negative territory. The JPY weakened against its main competitors by returning to the levels before the North Korean Foreign Minister's statement. Probably the fall in the currency will continue in the upcoming sessions. USD We expect a rise in the dollar today. The scene is set to raise the US currency. The market is pricing the possibility of an increase in the interest rate in December to 68%. If economic data continues to be positive, there is no reason to believe that the rate hike will not happen.CAD Canadian dollar has suffered some losses in recent weeks. After the great performance of the currency, it looks like the bulls are tired. We are waiting for the BoC Gov statements today to determine the further fate of CAD.
Commodity market: OIL rises over Asian hours. Brent reached $ 58.58 a barrel and WTI traded at $ 52.10 a barrel. The hurricanes that hit the United States increased demand for oil and significantly reduced the country's stocks. Today we expect US oil inventories at 17:00. If we see lower than expected data, most likely the price of black gold will jump. GOLD, as well as other hedging instruments, quickly declined as geopolitical tension dropped. Currently, the metal price is below the psychological level of $ 1300. Break above these levels make the longs more likely.
European stock markets: European stock indices will open with small increases. The negativism accumulated around North Korea still has a negative impact on Europe. Another important reason is that Angela Merkel's victory was not as convincing as her previous candidacies. This time, the Chancellor of Germany will have to form a coalition government. It is likely to see a further drop in the UKX as the UK index is trading below its 200MA. DAX and CAC on the other hand are performing better than the UK benchmark.However, we should not forget that we can see a test of the breaking point, which will mean an initial, short-term decline.
US Stock Exchange Market: US stock indices were trading on a mixed mood Tuesday, closing at the same levels in the beginning of the session . DJIA dropped 12 points, S&P rose 0.18 points and Nasdaq rose 9.57 points. Market expectations for the forthcoming tax reform act positively on investors' sentiments. For the time being, only North Korea can cast a shadow over the positivism of the market, but what we saw on Monday ... this is happening and the impact of the market is a sharp sale. But every fast sale is immediately used for even faster purchases, which shows us that investors are confident and prefer risky assets.
Economic calendar for the European and American trade sessions 27.09.2017
11:00 Switzerland - ZEW expectations
11:00 EU - Private sector loans
11:30 UK - Current account
14:00 USA - Mortgage market index
15:30 USA - Core durable goods orders
17:00 USA - Pending home sales
17:30 USA - Crude oil inventories
18:45 Canada - BoC Gov Poloz speaks
19:55 Canada - BoC Gov Poloz speaks
20:30 USA - FOMC member Bullard speaks
21:00 USA - FOMC member Brainard speaks
US Equity Upgrades
ABN AMRO (ABMRF) UPGRADED TO BUY FROM HOLD AT DEUTSCHE BANK
ALSEA (ALSSF) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT BARCLAYS
AMERICAN OUTDOOR BRANDS (AOBC) UPGRADED TO OUTPERFORM FROM NEUTRAL AT WEDBUSH
AVALONBAY (AVB) UPGRADED TO OUTPERFORM FROM IN LINE AT EVERCORE ISI
BOX (BOX) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT RAYMOND JAMES
BUENAVENTURA (BVN) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT MORGAN STANLEY
COLGATE-PALMOLIVE (CL) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT MORGAN STANLEY
COMPASS MINERALS (CMP) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN
CORPORATE OFFICE PROPERTIES (OFC) UPGRADED TO BUY FROM HOLD AT JEFFERIES
DIAMOND OFFSHORE (DO) UPGRADED TO BUY FROM NEUTRAL AT UBS
ELDORADO GOLD (EGO) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT CREDIT SUISSE
ENSCO (ESV) UPGRADED TO BUY FROM NEUTRAL AT UBS
ESSEX PROPERTY TRUST (ESS) UPGRADED TO IN LINE FROM UNDERPERFORM AT EVERCORE ISI
GENERAL MOTORS (GM) UPGRADED TO BUY FROM HOLD AT DEUTSCHE BANK
HCP (HCP) UPGRADED TO IN LINE FROM UNDERPERFORM AT EVERCORE ISI
NEW ORIENTAL EDUCATION (EDU) UPGRADED TO BUY FROM NEUTRAL AT BOFA/MERRILL
NOBLE CORP. (NE) UPGRADED TO BUY FROM NEUTRAL AT UBS
PSEG (PEG) UPGRADED TO OUTPERFORM FROM IN LINE AT EVERCORE ISI
ROSS STORES (ROST) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN
ROWAN COMPANIES (RDC) UPGRADED TO BUY FROM NEUTRAL AT UBS
STAAR SURGICAL (STAA) UPGRADED TO BUY FROM HOLD AT CANACCORD
TRANSOCEAN (RIG) UPGRADED TO BUY FROM NEUTRAL AT UBS
UNDER ARMOUR (UAA) UPGRADED TO OVERWEIGHT FROM SECTOR WEIGHT AT KEYBANC
US Equity Downgrades
ABBVIE (ABBV) DOWNGRADED TO NEUTRAL FROM BUY AT UBS
ALBEMARLE (ALB) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT BAIRD
ANGLO AMERICAN (NGLOY) DOWNGRADED TO SELL FROM HOLD AT DEUTSCHE BANK
BUTTERFIELD (NTB) DOWNGRADED TO NEUTRAL FROM BUY AT CITI
CARMAX (KMX) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS
CONSUMER DISCRETIONARY SECTOR (XLY) DOWNGRADED TO UNDERWEIGHT AT MORGAN STANLEY
FRANCO-NEVADA (FNV) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT CREDIT SUISSE
LIFE STORAGE (LSI) DOWNGRADED TO UNDERPERFORM FROM NEUTRAL AT BOFA/MERRILL
PROLOGIS (PLD) DOWNGRADED TO IN LINE FROM OUTPERFORM AT EVERCORE ISI
QUEST DIAGNOSTICS (DGX) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT RAYMOND JAMES
UNDER ARMOUR (UAA) DOWNGRADED TO NEUTRAL FROM BUY AT GUGGENHEIM
VERSARTIS (VSAR) DOWNGRADED TO NEUTRAL FROM BUY AT CITI
VF CORP. (VFC) DOWNGRADED TO SECTOR WEIGHT FROM OVERWEIGHT AT KEYBANC
US Equity Initiations
AMERISAFE (AMSF) INITIATED WITH A NEUTRAL AT BOENNING & SCATTERGOOD
BAKER HUGHES (BHGE) INITIATED WITH AN UNDERPERFORM AT BOFA/MERRILL
BIG LOTS (BIG) INITIATED WITH AN OVERWEIGHT AT MORGAN STANLEY
BLUE APRON (APRN) INITIATED WITH A BUY AT GUGGENHEIM
CORESITE REALTY (COR) INITIATED WITH A NEUTRAL AT JPMORGAN
CHROMADEX (CDXC) INITIATED WITH A BUY AT LADENBURG
EAGLE POINT CREDIT (ECC) INITIATED WITH A BUY AT LADENBURG
ELDORADO RESORTS (ERI) INITIATED WITH A BUY AT DEUTSCHE BANK
EMERGE ENERGY (EMES) INITIATED WITH A NEUTRAL AT PIPER JAFFRAY
ESCALADE (ESCA) INITIATED WITH A BUY AT AEGIS
GRUBHUB (GRUB) ASSUMED WITH A BUY AT CRAIG-HALLUM
HI-CRUSH PARTNERS (HCLP) INITIATED WITH AN OVERWEIGHT AT PIPER JAFFRAY
HOSTESS BRANDS (TWNK) INITIATED WITH AN EQUAL WEIGHT AT MORGAN STANLEY
JANUS HENDERSON GROUP (JHG) INITIATED WITH A MARKET PERFORM AT WELLS FAR
JOHNSON & JOHNSON (JNJ) INITIATED WITH A NEUTRAL AT CITI
KCAP (KCAP) FINANCIAL INITIATED WITH A NEUTRAL AT LADENBURG
LEXINGTON REALTY (LXP) INITIATED WITH A NEUTRAL AT DA DAVIDSON
OLLIE'S BARGAIN OUTLET (OLLI) INITIATED WITH AN EQUAL WEIGHT AT MORGAN STANLEY
ONE LIBERTY PROPERTIES (OLP) INITIATED WITH A NEUTRAL AT DA DAVIDSON
STELLUS CAPITAL (SCM) INITIATED WITH A BUY AT LADENBURG
WABCO (WBC) INITIATED WITH A BUY AT BERENBERG
ZILLOW (ZG) INITIATED WITH A NEUTRAL AT MACQUARIE
Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
