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- Trading day in one post 02.11.2017
Trading day in one post 02.11.2017
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Loading...Asian stock market: Asian shares were narrowly mixed on Thursday after Wall Street closed mostly higher in the last session. Investors also digested the Federal Reserve's decision to keep interest rates steady. The Nikkei 225 edged down 0.02 percent percent after hitting its highest levels since 1996 in the prior session. Across the Korean Strait, the Kospi slid 0.21 percent. Blue-chip tech stocks edged down after closing higher by more than 3 percent in the Wednesday session: Samsung Electronics was off 0.07 percent and SK Hynix lost 1.41 percent. Down Under, the S&P/ASX 200 was off 0.04 percent as gains in mining and energy stocks were offset by losses in financials. Miners climbed after iron prices rose on Wednesday: Rio Tinto was up 2.23 percent, Fortescue Metals climbed 4.27 percent and Atlas Iron jumped 6.25 percent.
Currency markets: Bloomberg Dollar Spot Index declined 0.3%. The yen advanced 0.2% to 113.90 per dollar after decreasing 0.5% Wednesday near the weakest level since July. The euro was up 0.3% to $1.1656. Australia's dollar climbed 0.5% to 77.12 U.S. cents, and the Kiwi rose 0.5% to 69.22 cents. Today we await Trump's decision regarding the next Fed chair. During the night a rumor came up, that he make up his mind and chose Jerome Powell, as the USD declined slightly against most of its peers.
Commodities market: Gold was up 0.4% at $1,280.17 an ounce. WTI crude was little changed at $54.28 a barrel. The U.S. is one step closer to becoming energy self-sufficient. Net imports of crude and oil products fell below 2 million barrels per day in the week ended Oct. 27, the lowest level on record, Energy Information Administration data released Wednesday showed. The slide comes amid rocketing U.S. crude and distillate exports, which reached record highs in the period.
European stock market: European markets are set for a negative start on Thursday. German DAX will open 21 points lower at 13,445; French CAC lost 2 points in negative territory to 5,512, and FTSE 100 shed 11 points to 7,458. Today investor's focus will fall on the BoE interest rate decision. The expectations are that the central bank will hike the rates for the first time in 10 years. As this is widely expected, the move is already price in, so market participants will keep a close eye at Mark Carney's speech, looking for hints for a possible future hikes.
U.S. stock market: U.S. equities closed mostly higher on Wednesday after the Federal Reserve kept interest rates unchanged. The S&P 500 finished 0.16 percent higher at 2,579.36, with energy leading advancers. Estee Lauder was the best-performing individual stock in the index, rising 9.2 percent. The company posted better-than-expected quarterly results. Envision Healthcare, meanwhile, was the biggest laggard, dropping 34.2 percent on weaker-than-expected earnings. The Dow Jones industrial average closed 57 points higher at 23,435.01 after rising 140 points at its session highs. The Nasdaq composite underperformed, sliding 0.2 percent to 6,716.53 with Apple declining more 1.3 percent. Facebook Inc. rose in late trading after the social-media network reported better-than-expected earnings and stronger monthly active users in the third quarter.
Economic calendar for the European and U.S. trading sessions:
10:55 Europe - German Manufacturing PMI
11:00 Europe - Manufacturing PMI
11:30 UK - Construction PMI
14:00 UK - BoE Interest Rate Decision
14:30 UK - BoE Gov Carney Speaks
15:45 USA - Bloomberg Consumer Confidence
18:20 USA - FOMC Member Dudley Speaks
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