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- Trading day in one post 13.9.2017
Trading day in one post 13.9.2017
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Loading...Asian session: Most Asian indices traded with Wall Street gains, backed by Hurricane Irma's quench, tensions with North Korea, and the introduction of Apple's new products, which are expected to lead to a new upsurge in the technology sector . The Nikkei 225 rose 0.54%, while the dollar retreated slightly against the yen. Korean Kospi added profits of 0.18%. ASX 200 rose by 0.02% and the Hang Seng index fell 0.29% in the meantime. Shanghai Composite posted a decline of 0.09%.
Foreign Exchange Market: For the third Asian session, the pound recorded the strongest growth against other currencies, currently trading at 0.20% higher than yesterday's closing, followed by the Canadian dollar with a 0.15% growth. GBP growth is due to rumors that BoE is likely to change tons of monetary policy towards tightening. The Australian dollar, together with the euro, traded with a gain of 0.12%, followed by the yen by 0.08%. Today we expect data on industrial production in the euro area, with a high volatility in the cross-country with the euro.
Commodities market: GOLD: Gold is trading downwards after Hurricane Irma fears are shrinking, speculation that North Korea is going to test combat missiles has faded over the weekend and indexes are marking new historic peaks. Oil is slightly down today, with investor attention centered on US oil inventories, which we expect at 17:30 today.
European stock market: European indices are expected to start the with declines . After the 8 September satellite imagery showed new activity near North Korea's core test area, the indices lost their momentum. We expect the European Session to start negative. The German DAX is going to start trading 10 points lower, while the French CAC and the British UKX with 8 points lower.
US Stock Markets: US markets recorded record highs on Tuesday, while Wall Street analyzes Finance Minister Steven Munchin's comments on tax reform. The Dow Jones Industrial Average rose 61.49 points, with Goldman Sachs contributing the most to growth, while DowDuPont was among the best-performing stocks in the index, with a 2.5% growth. The broader S&P 500 metric rose 0.3% after strong performance by financial companies and material producers. The Nasdaq tech index recorded a 0.3 percent gain, reaching a record high, although most of the session was traded without significant change. Part of the reasons for the positivism of the stock exchange is that the hurricane damage in the United States will not be as big as expected. At the same time, yields on 10-year US government bonds rose to 2.171%, the highest since September 1. Investors have also placed their focus on Washington after Finance Minister Stephen Munchin said he hopes the tax reform will be implemented by the end of the year. Meanwhile, Apple unveiled three new iPhone and Apple Watch models, but the company's shares closed down 0.4 percent after fluctuating between rises and declines for most of the session. Apple's stock price jumped nearly 40% a year.
Economic calendar for European and American trading sessions:
09:00 Germany - CPI Consumer Price Index
10:15 Switzerland - PPI Production and Import Price Index
11:30 UK - ILO Unemployment Rate
11:30 UK - Average Bonus Revenue
12:00 Eurozone - Industrial Production
15:30 USA - Producer Price Index
17:30 USA - Oil inventories
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