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- Trading day in one post 05.09.2017
Trading day in one post 05.09.2017
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Loading...Overview of Asian Stock Markets: Asian markets were cautious on Tuesday after stocks stumbled and investors turned to safe haven assets in the previous session on the back of North Korea's recent nuclear test. The Nikkei 225 declined 0.26%, the Kospi Index changed slightly earlier, down 0.03% after closing down more than 1% in the previous session, ASX 200 declining 0.33%. Shanghai Composite gained 0.13 percent and the Shenzhen Composite inched higher by 0.126 percent.
Currency market: JPY is the strongest currency during the Asian session, backed by the uncertainty prevailing in the markets for the possibility of war with North Korea, remains long for the JPY. Second is the Australian dollar, which is supported by better data on the current national equivalent of the country, but at the same time RBA holds the interest rate unchanged at 1.50%. The dollar remains weak after disappointing NFP data on Friday, which has sparked investors uncertainty about a possible increase in 2017, the short is more likely. GBP is the second currency that loses positions today after the dollar. The decline in the pound is likely to be due to the resumption of the Brexit talks, which has a negative impact on the British pound.
Commodity Markets: Gold gets strong support because of the weak dollar and uncertainty in the markets that make investors redirect their capital to safe heavens. Silver and other precious metals are also supported by the gold surge. Copper gains momentum after hedge funds and other big speculators have increased their net position since 2006. here. Petroleum is traded unchanged, as the current movement remains short and the price is close to resistance.
The European Stock Market: European stock markets are traded on a mixed territory in the Pre-Market, with investors still not precluding the possibility of subsequent attacks. The French CAC is trading with a 3-point increase before the markets are opened, while the German DAX is 5 points higher and Britain's UKX is 6 points.
US stock market: US stocks closed for trading on Monday, but US indices picked up. The technology sector was up 25 percent from the opening price, the S&P500 rose by 7 points and the DJIA industrial index rose 34 points.
Economic calendar:
08:45 Switzerland - GDP
10:15 Switzerland - CPI
10:50 France - French Markit Composite PMI
10:55 Germany - Services PMI
11:00 Europe - Services PMI
11:30 UK - Services PMI
12:00 Europe - Retail Sales
15:00 USA - FOMC Member Brainard Speaks
17:00 USA - Factory orders
20:10 USA - FOMC Member Kashkari Speaks
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