- Home
- >
- Fundamental Analysis
- >
- Varchev Finance: Trading day in one post – 11.10.2017
Varchev Finance: Trading day in one post - 11.10.2017
Rating:
Loading...Asian trade session: Asian markets rose on Wednesday, showing signs of confidence in the US economy, while the postponement of Catalan independence has strengthened positivism in the markets. After an initial downturn, Japan's Nikkei 225 traded with +0.25%, and Japan's most losers were Toyota -0.53% and Mazda -1.82%. Kospi traded 0.67%, with Samsung contributing the most with +2.46%. ASX200 rose by 0.55%, with technology, banking and energy sectors are the main driver of growth. Positivism also shifted to China, with Hang Seng rising 0.37%, Shanghai composite by 0.11% and Shenzhen by 0.196%.
Currency market: The dollar stabilized after a four-day decline, with the dollar index trading at 93,234 and USD/JPY at around 112.42. The euro is booming after the Catalan leader confirms that the Catalans have gained their independence, but deferred entry into force for several weeks. The United currency is trading at levels around 1.1812. GBP traded with -0.01% lower, with investors expected to report positive UK entry rumors to NAFTA.
Commodity market: On the energy market, oil stabilized after yesterday saw strong growth. The rise came after comments from OPEC that it would extend the abstraction program. WTI appreciated by 0.33% and Brent by 0.18%. After an initial upward momentum, gold is currently trading unchanged, and we expect it to fall due to falling tensions in Catalonia and rising stock markets.
US Stock Market: Wall Street's leading indices undertake new peaks supported by corporate reports from one of the largest US companies. Walmart announced a $ 20 billion large-scale $ 20 billion redemption program and Honeywell plans to divide its business. As a result, Dow Jones closed at a record 22,830.68 points, or 0.31% growth. SP500 rose 0.23 percent and fell to a new record high to 2,550.64 points, and Nasdaq finished trading at a record 6,587.25 points or a 0.11%
European stock market: European markets are expected to open up, reflecting the positive sentiment of the US and Asia. On the other hand, uncertainty over Catalonia is abating, and this further supports the indices. The German DAX is expected to start the session up by 10 points, the French CAC without change, and the UK100 with a 3-point increase. Today, investors' focus will be on new jobs and US turnover from 17:00. We expect increased volatility in the dollar.
Economic Calendar for European and US Stock Sessions:
10:00 Spain - CPI Consumer Price Index
10:45 France - Non Farm Payrolls
17:00 USA - New Jobs and Jobs (JOLTS)
21:00 United States - Minutes of the FOMC Meeting
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
