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- Varchev Finance: Trading day in one post 15.08.2017
Varchev Finance: Trading day in one post 15.08.2017
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Loading...Overview of the Asian markets: Asian equities extended gains and yen tumbled as the prospect of war between the U.S. and North Korea receded, buoying stocks from New York to Tokyo and diverting flows away from haven assets. Stocks from Tokyo to Hong Kong to Sydney climbed after the S&P 500 Index surged 1%.Japan's Nikkei 225 rose 1.34 percent as the greenback strengthened against the yen, after the index finished lower by close to 1 percent in the previous session. Down Under, the S&P/ASX 200 tacked on 0.62 percent, with the index driven by gains in the health care and Australian real estate investment trusts sub-indexes. The heavily-weighted financials sub-index gained 0.82 percent. Greater China markets also trended higher, with Hong Kong's Hang Seng Index up 0.45 percent and mainland markets holding onto gains made in the previous session. The Shanghai Composite climbed 0.30 percent while the Shenzhen Composite edged higher by 0.125 percent.
Overview of FX market: The yen fell 0.5% to 110.19 per dollar after losing 0.4% on Monday, when the Bloomberg Dollar Spot Index gained 0.3%. The dollar index was little changed. The euro traded at $1.1782. The Aussie rose 0.3% to 78.71 U.S. cents after the RBA minutes. The central bank chose to be may cautious about its language after investors misinterpreted the record of the July meeting as implying the RBA had begun considering raising rates, sending AUD soaring.
Commodities markets: WTI added 0.3% to $47.65 per barrel. U.S. government data is forecast to show crude stockpiles extended declines during a period of strong seasonal demand, trimming a glut. The contract plunged 2.5% on Monday, as fears of falling oil demand in China overshadowed news that Libya's crude supply was disrupted. Gold sank 0.5% to $1,275.70 an ounce, after losing 0.6% on Monday.
Overview of the European markets: The positive sentiment from Asia will spread over Europe. The easing tensions between the U.S. and North Korea cleared the path for new highs from the stocks. French CAC is expected to open with 19 points higher, DAX will gain 53 points and UKX will add 18. Today investors will monitor the German GDP data. This economic news could have an impact on the markets, as they will show the growth pace of the biggest economy in the zone.
Overview of the US Market: U.S. stocks closed sharply higher on Monday as traders saw geopolitical tensions easing. The S&P 500 gained 1 percent to close at 2,465.84, with information technology closing at a record high. The S&P also posted its best day since April 24, when it rose 1.08 percent.
The Dow Jones industrial average rose 135.39 points to end at 21,993.71, with Goldman Sachs, Apple and Boeing contributing the most gains. The Nasdaq composite outperformed, rising 1.34 percent to 6,340.23, as shares of Tesla, Amazon and Facebook all rose. Stocks were coming off their second-worst weekly performance of the year, with the S&P 500 falling 1.43 percent.
Economic calendar for the European and U.S. trading sessions
09:00 Europe - German GDP
10:15 Switzerland - PPI
11:30 UK - CPI
15:30 USA - Core Retail Sales
15:30 USA - Export and Import Price Index
15:30 USA - NY Empire State Manufacturing Index
15:55 USA - Redbook
17:00 USA - Business Inventories
18:30 USA - 4-Week Bill Auction
23:00 USA - Overall Net Capital Flow
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