Asia markets traded mostly higher Thursday, tracking gains in the U.S. where the Dow Jones industrial average closed above 21,000 on the back of President Donald Trump's speech to lawmakers.
Nikkei 225 jumped 1.29 percent in morning trade while ASX 200 was up 1.14 percent in afternoon trade. Kospi gained 0.36 percent after South Korean markets were closed Wednesday for a public holiday. In Hong Kong, the Hang Seng index gained 0.25 percent.
Oil prices declined Thursday, with U.S. crude down 0.22 percent at $53.71 a barrel.
08:45 Switzerland - GDP
09:00 Germany - Import Price Index
10:15 Switzerland - Retail Sales
12:00 Europe - Core CPI
12:00 Europe - PPI
12:00 Europe - Unemployment Rate
15:30 USA - Initial Jobless Claims
15:30 Canada - GDP
16:45 USA - Bloomberg Consumer Confidence
17:30 USA - Natural Gas Storage
USD - Dollar is the strongest currency today after chances to increase interest rates in March reached 80%. We stay long on the dollar, and we can use any correction to supplement.
GBP - Sterling is again increasing after parliament rejected Britain's request Theresa May to activate the "Protocol 50" out of the country by the EU. Possible long positions in the cable.
CAD - Canadian weakened after the price of oil fell. The strong correlation between oil and Canadian currency had a negative impact on the Canadian dollar.
Indices - Sentiment in the indexes remained strongly positive after the DOW crossed 21,000 for the first time. Investors have a positive attitude in anticipation of the new tax reform President Trump. We remain long the indexes.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.