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- Trading day in one post 01.06.2017
Trading day in one post 01.06.2017
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Loading...Shares in Asia were down on Thursday after Wall Street's lower closing session and worse data for Caixin PMI from China, which was 11-month-old bottom.
The Nikkei 225 jumped 0.83 percent, while Kospi lost earlier earnings and traded down 0.2 percent, while ASX 200 declined by 0.11 percent. Shanghai Composite dropped 0.48% and Shenzhen Composite declined down 0.61%
Oil prices rose after a 3% drop in the last session. Crude oil in the US jumped 0.83% to $48.72 a barrel.
Economic calendar:
08:45 Switzerland - GDP
09:00 UK - Nationwide Housing Price Index
10:15 Switzerland - Retail Sales
10:55 Germany - PMI Index in Production - Finals
11:00 Eurozone - PMI index in manufacturing - final
11:30 UK - PMI Index in Markit / CIPS Production
15:15 USA - ADP Non Farm Payrolls
15:30 US - Requests for unemployment benefits
EUR - The euro remains stable. Today we expect data on Europe's manufacturing PMI. If the data are better than expected, this may increase speculation that the economy of the union is in good shape and should not delay the abolition of QE, which will positively affect the EUR.
USD - The dollar remains stable and today we expect data on ADP Non Farm Payrolls at 15: 15h later. Better data could provide short-term support to the dollar, but investors mostly focused their attention on NFP data on Friday.
AUD - The Australian traded down during the Asian session after worse China data had a negative impact on risk appetite. We stay short of AUD towards its crosses.
GBP - The pound is traded in a negative territory after opening markets in Asia. The upcoming elections in the UK have created uncertainty for investors, which has a negative effect on the British pound. According to recent researches, Theresa May's chances of success are fading, which is negative for the GBP.
CAD - The Canadian dollar remains strong after oil stabilizes from the two-day drop, currently trading slightly. The correlation between black gold and the Canadian has a positive impact on the price of the Canadian currency.
Trader I. Ivanov
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