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- Varchev Finance: Trading day in one post – 21.11.2017
Varchev Finance: Trading day in one post - 21.11.2017
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Loading...Asian Stock Market: Asian markets rose after reflecting the positive sentiment gained during the US session yesterday due to better economic data from the country and the likelihood that the US would accept the tax reform earlier than 2019. Australian ASX traded 0.27% higher thanks to the banking sector in the country. Japan's Nikkei 225 rose 1.14%, Topix by 0.96% and South Korea's Kospi 100 grew 0.34%. In China, markets also rose, with Shanghai composite rising 0.6%, Shenzhen by 0.60% and Hang Seng 0.89%.
FOREX: During the Asian session, the dollar rose, with the Dollar Index trading at 94.087, compared to 93,600 yesterday. The euro traded below $ 1.1731, compared to levels above $ 1.1760 in the previous week. The common currency declined after Monday made it clear that the efforts of German Chancellor Angela Merkel to create a coalition government have failed, and thus the political outlook for the largest European economy is uncertain. The main losers are AUD by 0.14% and NZD by 0.11%. With the gradual rise in oil prices, CAD is getting support, and with the steadily rising stock markets, the yen is losing power.
Commodity market: OIL - Oil rose slightly on Friday to $ 56.48 and Brent reached $ 62.29. Black gold continues to reflect the arrests in Saudi Arabia and lower production capacity of OPEC. Gold fell slightly against the backdrop of rising markets, but sentiment in the metal remained positive, as a large number of investors preferred to hedge their portfolios.
US Stock Market: US stocks close on the first day of the week with an increase after investors continue to hope for the tax reform. The Dow Jones industrial average rose 75 points, with IBM and Verizon being among the best-performing companies. The main index S & P 500 also finished 0.1% growth, with telecoms earning the most profits. The shares of Delphi Automotive and General Motors were at the top of the index, up 3.4% and 2.3%. Overall, the US stock market enjoys a good year. From the beginning to the present, the S & P 500 has risen by 15 percent.
European stock market - European markets indicate that they will reflect the accumulated positivism in the US and Asia. The German DAX30 will start the trading session with nearly 100 pips higher at a price of 13,058. The French CAC40 will start trading 3 points higher than yesterday, at a price of 5344, while the UK100 will open almost unchanged by one point, high on 7391. Today, during the European session, we have data on inflation in the UK at 12:00, which will have the most impact on the course.
Economic calendar for European and US trade sessions - 21.11.2017
11:05 Australia - Speech by Philip Lowe, Governor of RBA
12:00 UK - Inflation report in the country
13:00 UK - CBI Industrial Order Balance Sheet
15:30 Canada - Wholesale Sales
17:00 USA - Existing Homes sales
17:00 Eurozone - Speech by Benoit Coeuré, Member of the ECB.
23:00 United States - API Oil inventories
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