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- Trading day in one post 13.06.2017
Trading day in one post 13.06.2017
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Loading...Markets were mixed in Tuesday trade after tech stocks extended their losses stateside.
In Japan, the Nikkei 225 dipped 0.07 percent while South Korea's benchmark Kospi index rose 0.5 percent.
Down Under, the S&P/ASX 200 surged 1.17 percent after markets re-opened following a public holiday. Markets were driven by broad-based strength, with the financials sub-index leading gains and trading higher by 1.88 percent.
Hong Kong's Hang Seng Index gained 0.52 percent. Markets on the mainland also traded higher, with the Shanghai Composite adding 0.36 percent and the Shenzhen Composite jumping 1.095 percent.
Moving forward, the two-day Federal Open Market Committee (FOMC) meeting is likely to be closely watched as investors await the Federal Reserve's decision on an interest rate hike. The decision is due Wednesday U.S. time.
In energy news, oil prices edged higher. Brent crude futures rose 0.46 percent to trade at $48.51 a barrel and U.S. crude was higher by 0.41 percent to trade at $46.27.
Economic calendar for the European and the American trading sessions 13.06.2017
11:30 – UK– CPI
12:00 Germany- German ZEW Economic Sentiment
12:00 – EU– ECB's Lautenschlaeger Speaks
15:30 – USA- PPI
CAD - The Canadian dollar is booming after the rise in the oil prices and reports that BoC may raise its interest rates for the first time since 7 years.. The correlation between the black gold and CAD helped the currency rise.
GBP - The pound moves down due to the uncertainty surrounding the country's policy. It trades at around $ 1.2647 against the dollar and 1.1300 against the euro, which is close to its lowest point since November. We remain cautious to the currency until we get more clarity about what Britain's Prime Minister, Theresa May, is about to do.
USD - The dollar did not make major moves during the Asian session, as investors remain cautious before the Fed's interest rate decision. They are expected to be raised from 1% to 1.25%, which is already played by investors. If there is no change in interest rates, we can expect a decline in the currency. We remain cautious.
Junior Trader Stefan Panteleev
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