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- Varchev Finance: Trading day in one post – 12.10.2017
Varchev Finance: Trading day in one post - 12.10.2017
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Loading...Asian Stock Market: Most Asian markets are traded on green territory after, reflecting strongly Wall Street's positive sentiment. Japan's Nikkei rose 0.45% above its peak yesterday, reaching levels since 1996. The main driver of growth in Japan was Softbank Group, whose shares jumped 3.96%. Kospi grew by only 0.11 percent after the shares of Samsung and Hyunday dropped 0.73 percent and 1.29 percent respectively. Despite their losses, companies in the manufacturing sector managed to bring the index to green territory. ASX200 has risen by 0.13%, but it is important to note that mining companies have experienced a sharp decline. Fortescue Metals declined by 1.41% and Rio Tinto by -1.51%. In China, the things are different. Hang Seng declined by 0.02%, Shanghai Composite by 0.22%, and Shenzhen Composite by -0.114%.
Currency market: Expectations to raise interest rates in December rose to 88%, but the dollar fell to a 14-day low as investors reflected FOMC concerns about US inflation. The dollar index declined by 0.20%, currently moving at levels around 92.84. JPY appreciated against the dollar by 0.12%, but the basket of currencies the yen traded with 0.10% growth. GBP marks a day of growth as it is currently trading at 0.27%. Traders trade the increased opportunity of Bank of England to raise interest rates in the near future. EUR marks a slight growth, currently trading at 0.16% higher.
Commodity market: Oil is trading down, reflecting the surge in US oil inventories. Today, the Energy Ministry is expected to publish official data on oil inventories and US exports. Expectations are both to be high and to negatively affect the price of black gold. Gold rose against the background of the declining dollar and is currently trading at 0.26%.
Stock Exchange Market: US stock markets ended the session on Wednesday on new highs after the report of the last Federal Reserve meeting was published earlier this day, showing that according to central bankers, the US economy could withstand another increase of interest rates. The Dow Jones industrial average index has grown by 40 points and finished at a record level, with Johnson & Johnson contributing the most to the promotion. The benchmark S & P 500 benchmark also recorded a record closing level after an increase of 0.2%. Real estate companies led the other sectors. Technological Nasdaq composite rose 0.25% and also finished at a record level.
European Stock Market: The European Stock Exchange will start with a downward trend, with the German DAX30 expected to start the session unchanged, while the French CAC40 will open at a glance of 3 points down. The UK100 is expected to start trading with 10 points down. Expectations are that the positive sentiment from Asia and the United States will shift over European indexes during the European Stock Exchange.
Economic Calendar for European and US Stock Sessions:
09:45 - France - CPI
13:00 - Europe - Industrial Production
15:30 - USA - Production Price Index
15:30 - USA - Requests for unemployment benefits
18:00 - USA - Stocks of crude oil
21:00 - USA - Balance of FED budget
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