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- Trading day in one post 01.08.2017
Trading day in one post 01.08.2017
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Loading...Overview of the Asian market: The stocks climb higher in Asia, as the corporate financial results in Japan were higher than expected. Mitsubishi was trading higher, but Sony was lower by 1.93%. Nikkei 225 was higher by 0.61%. Kospi won 0.30%, supported by the industrial stocks. The S&P/ASX 200 fell by -0.34%, due to the weaker energy stocks and material sub-index. Hang Seng increased by 0.46%. Shanghai Composite climbed by 0.05%. The data from the Employment for 2Q from New Zealand were worst than expected by 0.2% and the currency lost 0.5%. Honda also came out with better results as its stock rose by 0.50%.
Overview of FX market: The dollar index notched slightly higher reaching 93.100, but it still close to its bottom. The Euro fell in the beginning of the session, but then it climbed higher to its previous high of $1.18260. The JPY was strong in the beginning but then it fell and EUR/JPY and GBP/JPY were higher the most. RBA left rates unchanged at 1.5% and the currency fell against the USD. From the bank that the retails sales are the weak link in the economy. The economic growth is expected to reach 3%. NZD fell against the USD after the worst than expected data from the Employment report for Q2 and most likely there will be no increase in 2018 and more likely in 2019.
Commodities Markets: The Crude Oil price left unchanged during the session around $48.67 per barrel. The commodity reached $50 per barrel but then it fell. The copper reached it highest point for the month, due to its demand in China. Gold fell along with Silver as the USD strengthened. Gold reached $1,264, and Silver $16.62. But they still kept most of its gains.
Overview of the European market: The European stocks will start the session slightly higher, following the positive results from the Asian session today. The DAX will open around 12,277, French CAC around 5,136, as the UKX will open around 7,437. The positive sentiment in the Euro zone remains, as the corporate financial results are better than expected and investors continue to expect that the ECB monetary policy may be tightened. Manufacturing PMI in the Euro zone reached its highest point for the last six years at 57.4 and this positive data is likely to be considered by the ECB during their next meeting.
Overview of the American market: The American indices closed higher today. DJIA again at record highs, close to the 22,000 points mark. In July we see again rise of the indices, after the corporate results are better than expected. Fundamentally the economy is growing slowly but steadily. Six out of 11 sectors in the S&P 500 have came out with better than expected results. Transportation sector is lower and some analyst take its reading as a barometer of the economy. There is the possibility that the semiconductor sector might show lower reading as well, but we still expect the financial results from the stocks there. Manufacturing PMI reached 53.3, as the Construction spending fell by -1.3%.
DJIA: 73.32 points/ 0.33% - 21,964.44
S&P: 6.01 points/ 0.24% - 2,476.31
NASDAQ: 14.81 points/ 0.23% - 6,362.94
RUSS 2000: 2.82 points/ 0.20% - 1,427.96
VIX: 10.03
For the S&P Financial and Utilities were higher.
In the Dow Jones index, the share of Goldman Sachs and Boeing were the biggest gainers.
Economic data and news for the European and American sessions:
08:45 - CHF - SECO Consumer Climate
10:15 - CHF - Retail Sales
11:30 - UK - Construction PMI (Jul)
12:00 - Euro zone - PPI (YoY) (Jun)
14:00 - USA - MBA 30-Year Mortgage Rate
14:00 - USA - Mortgage Refinance Index
15:15 - USA - ADP Nonfarm Employment Change (Jul)
17:30 - USA - Crude Oil Inventories
19:00 - USA - FOMC Member Mester Speaks
22:30 - USA - FOMC Member Williams Speaks
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