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- Trading day in one post 04.09.2017
Trading day in one post 04.09.2017
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Loading...Overview of Asian Stock Markets: Asian markets started the week negatively. North Korea's latest hydrogen test on Sunday has dragged the world markets down. Japan's Nikkei fell 0.95 percent, Kospi by 0.85 percent. Australian ASX is down 0.52%. Hang Seng is down 0.51% in negative territory. Samsung is down 0.52% and Hyundai Motors dropped 1.4%.
Currency market: USD: After weaker data on NFP, unemployment rate and average hourly wage, the greenback will again experience investors hits. Since the beginning of the year, the USD has fallen by 11% against the euro and, as it seems, the EUR does not intend to give up a percentage of its rise. We remain negative to the dollar as we can look for short positions of the greenback at each correction. JPY: Yen is again in vogue. North Korea is testing a hydrogen bomb .. it's time to buy yen .. again. However, the hedging tool may be a 2-blade blade. Due to Japan's proximity to North Korea, JPY is both a hedging and risky instrument. CAD: The Canadian dollar is undoubtedly the strongest currency in the market. Monetary policy is tightening, economic data from Canada is positive, the currency is seen as heavily dependent on the price of oil, and oil is currently under $ 50, which makes it possible to raise CAD in an increase in OIL. We remain positive towards CAD.
Commodities markets: Oil futures indicate that black gold has fallen over the Asian Hours. Brent oil fell 0.4 percent to $ 52.54 a barrel and WTI dropped 0.27 percent to $ 47.42 a barrel. Gasoline has already begun to return profits accumulated in recent weeks. Today, the fuel drop was 2.41% to $ 1,7005. GOLD: Gold broke out when the New Zealand Stock Exchange opened. As safe haven tools, precious metal enjoys a great deal of investor demand in a period of instability. Breakthroughs and retention above $ 1300 give additional grounds for buying the metal.
European stock market: European stock markets will follow Asian markets and will open with declines. DAX is 56 points down, CAC 25 points down and UKX 17 points down. The negative start of the week for the EU does not surprise anyone in view of the geopolitical turmoil. After 3 weeks, we expect the Chancellor's election in Germany - for now Angela Merkel remains the favorite.
US Stock Market: US indices close with stable upgrades on Friday. DJIA rose 3.46 points, S & P by 4.9%, and Nasdaq 6.67. But the start of the new week will bring sick to investors. DJIA collapsed by 100 points on the New Zealand Stock Exchange. Although geopolitical risks have not changed or subsided, investors do not seem to care so much and stick to the motto "buy the dip".
Economic calendar for the European trade session 04.09.2017, the markets in USA and Canada will remain closed for the day ( Labor Day):
11:30 UK - Construction PMI
11:30 EU - Sentix investors confidence
12:00 EU - PPI
US Equity Upgrades
ABERCROMBIE & FITCH (ANF) UPGRADED TO SECTOR PERFORM FROM UNDERPERFORM AT RBC CAPITAL
ARCH COAL (ARCH) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN
CHANNELADVISOR (ECOM) UPGRADED TO OVERWEIGHT FROM EQUAL-WEIGHT AT FIRST ANALYSIS
DR. REDDY'S (RDY) UPGRADED TO OUTPERFORM FROM UNDERPERFORM AT CLSA
FMC CORPORATION (FMC) UPGRADED TO BUY FROM UNDERPERFORM AT BOFA/MERRILL
LGI HOMES (LGIH) UPGRADED TO OUTPERFORM FROM NEUTRAL AT WEDBUSH
OWENS CORNING (OC) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT WELLS FARGO
SPIRIT REALTY (SRC) UPGRADED TO BUY FROM NEUTRAL AT MIZUHO
STORE CAPITAL (STOR) UPGRADED TO BUY FROM NEUTRAL AT MIZUHO
US Equity Downgrades
BHP BILLITON (BHP) DOWNGRADED TO UNDERPERFORM FROM SECTOR PERFORM AT RBC CAPITAL
CALPINE (CPN) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT MACQUARIE
NEW SENIOR INVESTMENT (SNR) DOWNGRADED TO NEUTRAL FROM BUY AT COMPASS POINT
US Equity Initiations
ACI WORLDWIDE (ACIW) INITIATED WITH A BUY AT DA DAVIDSON
ACUSHNET HOLDINGS (GOLF) RESUMED WITH AN OVERWEIGHT AT KEYBANC
BAKER HUGHES (BHGE) INITIATED WITH AN OVERWEIGHT AT BARCLAYS
BRUNSWICK (BC) RESUMED WITH AN OVERWEIGHT AT KEYBANC
CALLAWAY GOLF (ELY) RESUMED WITH AN OVERWEIGHT AT KEYBANC
CAMPING WORLD (CWH) RESUMED WITH AN OVERWEIGHT FROM SECTOR WEIGHT AT KEYBANC
CEDAR FAIR (FUN) RESUMED WITH AN OVERWEIGHT AT KEYBANC
CLEMENTIA PHARMACEUTICALS (CMTA) INITIATED WITH A BUY AT BTIG
CORCEPT THERAPEUTICS (CORT) INITIATED WITH A BUY AT STIFEL
FLAGSTAR BANCORP (FBC) INITIATED WITH AN OUTPERFORM AT RAYMOND JAMES
GEMPHIRE THERAPEUTICS (GEMP) INITIATED WITH A BUY AT H.C. WAINWRIGHT
GENMARK (GNMK) COVERAGE ASSUMED WITH A BUY AT BTIG
HARLEY-DAVIDSON (HOG) RESUMED WITH A SECTOR WEIGHT AT KEYBANC
HASBRO (HAS) RESUMED WITH AN OVERWEIGHT FROM SECTOR WEIGHT AT KEYBANC
HEALTHSOUTH (HLS) INITIATED WITH AN OVERWEIGHT AT STEPHENS
HELMERICH & PAYNE (HP) INITIATED WITH A HOLD AT SOCIETE GENERALE
KALVISTA (KALV) INITIATED WITH A BUY AT BTIG
MALIBU BOATS (MBUU) RESUMED WITH AN OVERWEIGHT AT KEYBANC
MATTEL (MAT) RESUMED WITH A SECTOR WEIGHT AT KEYBANC
MCBC HOLDINGS (MCFT) RESUMED WITH A SECTOR WEIGHT FROM OVERWEIGHT AT KEYBANC
MESOBLAST (MESO) INITIATED WITH AN OUTPERFORM AT OPPENHEIMER
MOMO (MOMO) INITIATED WITH A BUY AT GOLDMAN SACHS
NABORS INDUSTRIES (NBR) INITIATED WITH A HOLD AT SOCIETE GENERALE
ORBOTECH (ORBK) INITIATED WITH A BUY AT STIFEL
PATTERSON-UTI (PTEN) INITIATED WITH A BUY AT SOCIETE GENERALE
POLARIS INDUSTRIES (PII) RESUMED WITH A SECTOR WEIGHT AT KEYBANC
QUOTIENT (QTNT) COVERAGE ASSUMED WITH A BUY AT BTIG
SAFETY, INCOME AND GROWTH (SAFE) INITIATED WITH A NEUTRAL AT MIZUHO
SAFETY, INCOME AND GROWTH (SAFE) INITIATED WITH A NEUTRAL AT MIZUHO
SEAWORLD (SEAS) RESUMED WITH A SECTOR WEIGHT FROM OVERWEIGHT AT KEYBANC
SIX FLAGS (SIX) RESUMED WITH AN OVERWEIGHT FROM SECTOR WEIGHT AT KEYBANC
SNAP (SNAP) INITIATED WITH A NEUTRAL AT WEDBUSH
VAIL RESORTS (MTN) RESUMED WITH AN OVERWEIGHT AT KEYBANC
VERACYTE (VCYT) COVERAGE ASSUMED WITH A BUY AT BTIG
VISTA OUTDOOR (VSTO)RESUMED WITH A SECTOR WEIGHT FROM OVERWEIGHT AT KEYBANC
YY (YY) INITIATED WITH A BUY AT GOLDMAN SACHS
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