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- Trading day in one post 01.02.2017
Trading day in one post 01.02.2017
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Loading...Asian shares were mostly higher on Wednesday after China's manufacturing sector showed signs of expansion in January and as investors looked ahead to the first review of policy this year by the Fed.
Japan's Nikkei 225 recovered from earlier losses of more than 0.5 percent to trade up 0.27 percent.Australia's ASX 200 was up 0.48 percent, underpinned by its gold sub-index, which was up 1.12 percent.
Over in South Korea, the benchmark Kospi added 0.51 percent, after trade data showed that January exports jumped 11.2 percent from the previous year, at its fastest pace of growth since 2012.Hong Kong's Hang Seng resumed trade from the Lunar New Year holiday break, and fell 0.71 percent.
Gaming giant Nintendo dropped 3.27 percent after it cut its profit outlook by 10 billion yen ($88 million) due to weak console sales. It's latest console, the Switch, is expected to be released in March.
Stateside, the Dow Jones industrial average fell 0.54 percent to close at 19,864.09, while the S&P 500 slipped 0.09 percent to finish at 2,278.87, and the Nasdaq finished up 0.02 percent at 5,614.79.
On Tuesday during Asian hours, U.S. crude slipped 0.11 percent to $52.74 a barrel, as global benchmark Brent dipped 0.16 percent to $55.49.
The dollar index remained under pressure trading at 99.691 after the comments, compared to levels above 100 seen this week.
Economic calendar for European and American borse sessions
9:00 UK - House price index
10:30 Switzerland - SVME PMI
10:45 Italy - Manufacturing PMI
10:50 France - Manufacturing PMI
10:55 Germany - Manufacturing PMI
11:00 EU - Manufacturing PMI
11:30 UK - Manufacturing PMI
15;15 US - ADP Nonfarm employment change
16:45 US - Manufacturing PMI
17:00 US - ISM Manufacturing PMI
17:30 US - Crude oil inventories
21:00 US - FOMC statement
21:00 US - FED Interest rate decision
USD - Are we seeing a correction or turnaround of the sentiment ? In The last weeks USD took heavy losses against the other currencies. EUR/USD i above 1.08. Today we are expecting FOMC statement, from whom the investors are expecting to see that rate hike was't jibber jabber, otherwise we can see large sell of of the american currency . Also this week we are going to see the data about Non-farm Payrolls.
JPY - Yen is highly appreciated by the investors because of the global uncertainty started by Trump. Instead of fulfilling his promises for expanding infrastructure spending and decreasing of corporate taxes, the american president sight ban declaration for visitors of 7 muslim countries and denies USA participation in TPP. In this global environment JPY is being used as a safe jacket and is possible to see further increase of the currency.
CAD - The dependence between CAD and OIL is still on track. Until OIL is above 50 dollars for barrel, there is not reason to consider that the CAD will weakens.
EUR- This year will be pretty turbulent for the EUR. There are yet to come president election in France, election for a new cabinet in Italy and election for a new Chancellor in Germany. We wait to see if ECB will terminate or decrease or increase QU. For the moment the common currency remains stable, but until when?
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