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- Trading day in one post 06.04.2017
Trading day in one post 06.04.2017
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Loading...Japanese markets were in the doldrums due to the strength in the yen, with the Nikkei 225 dropping 1.40 percent and the Topix plunging by 1.47 percent.Japanese markets were in the doldrums due to the strength in the yen, with the Nikkei 225 dropping 1.40 percent and the Topix plunging by 1.47 percent.
In mainland Chinese markets, the Shanghai composite tracked higher by 0.15 percent, while the Shenzhen composite climbed 0.12 percent. Hong Kong's benchmark Hang Seng Index was lower by 0.48 percent.
During Asian trade, Brent futures traded lower by 0.57 percent to $54.05 a barrel while U.S. crude fell 0.63 percent to $50.83.
Economic calendar for European and American trade sessions 06.04.2017
9:00 Germany - Factory orders
10:00 EU - ECB's Gov. Draghi speaks
10:15 Switzerland - CPI
11:10 EU - Retail PMI
14;30 EU - Monetary policy meeting report
15:30 USA - Initial jobless claims
15:30 Canada - Building permits
16:45 USA - Bloomberg consumer confidence
USD - The dollar traded without major changes during the Asian hours. The green currency returned a few of it's losses in the past couple weeks also yesterday's data from US ADP's strengthened the dollar.Now investors are in a waiting mode for Non-farm payrolls in Friday. They remain skittish , because of the speculations that the tax reform will take longer than the healthcare reform.
EUR - The common currency remains under pressure , due to ECB's monetary policy. Still there's not exact date for the termination of the QE. Today we expect an announcement from M.Draghi. A higher than normal volatility is expected during the speech.
JPY - Yen remains a preferred instrument from investors amid global political instability. The upcoming elections in France and Germany creates environment for yen appreciation. In short-term period we remain positive toward JPY.
Indexes - Stocks began to lose their gains after FOMC minutes, which reported that many of the members believed that surge in stocks prices contributes for the easing of the financial condition. And some of them see the stocks "too high for the standard measures". The decline gained momentum , when FED's speaker Paul Ryan said that the tax cut could take more time than the healthcare reform.
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