- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 18.09.2017
Trading day in one post 18.09.2017
Rating:
Loading...Asian trade session: Asian shares gained on Monday as investors anticipated clues on the direction of monetary policy from central banks later in the week. South Korea's benchmark Kospi index rose 0.93 percent, with technology stocks driving broader gains on the index: Samsung Electronics was up 2.1 percent and SK Hynix rose 3.11 percent. Automakers and manufacturing names were mixed. Down Under, the S&P/ASX 200 tacked on 0.58 percent. The heavily-weighted financials sub-index was up 0.99 percent. The energy and industrials sub-indexes made moderate gains. Greater China markets were also positive. The Hang Seng Index rose 0.85 percent. On the mainland, the Shanghai Composite rose 0.25 percent and the Shenzhen Composite added 0.244 percent. Japan markets are closed for a public holiday.
Forex: The dollar index, which tracks the greenback against a basket of rival currencies, was mostly flat at 91.893. The U.S. currency firmed against the yen to trade at 111.19 — above the 110 handle seen for most of last week. Sterling traded at $1.3587 by 9:55 a.m. HK/SIN after spiking nearly 1.5 percent to trade above the $1.36 handle on Friday. The kiwi dollar has dropped whenever opinion polls show the main opposition Labour Party is ahead, while the currency jumped a full U.S. cent after a survey last week put the ruling National Party in the lead. The question is whether investors, including those offshore who hold 61 percent of New Zealand government bonds, simply dislike uncertainty or really think Labour’s policies would deliver poorer economic outcomes.
Commodities market: Gold fell 0.2% to $1,317.83 an ounce, extending Friday's 0.7% drop. Gold has been on a nice run of late, and one shouldn't expect it to end anytime soon. North Korea's actions, including a reportedly new missile launch on Friday, makes gold like a solid buy here. Another key factor, that Gold can benefit from is the crash of bitcoin. After the Chinese government forbid the cryptocurrency trade, a big part of the money flow will come back to the asset. WTI crude was steady at $49.91 a barrel. Prices rose more than 5% last week, buoyed by higher demand forecasts.
European stock market: The positive mood will transfer to the European stock exchanges. DAX is set to open 33 points higher, UKX is around 7,237, which is a gain of 25 points, and CAC will add 4 points. Today's focus will fall on the CPI data in the region, which is key for measuring the inflation. Higher than anticipated data will boost the EUR, while lower-than forecast expectations will lead to decline in the common currency. Higher than normal volatility is expected during the news.
US trade session: It’s lucky No. 3 for the S&P 500 Index. The stock benchmark breached 2,500for the first time on Friday to mark its third round-number milestone of 2017. The gauge ended last year at 2,238.83, and sailed past 2,300 on Feb. 9. It crossed 2,400 three months later. U.S. stocks have risen more in the past eight years than in almost any other post-World War II time of economic growth, as defined by the National Bureau of Economic Research. The S&P 500 Index jumped 172 percent from July 2009, when the current expansion started, through Wednesday. The biggest advance was about 300 percent and occurred from April 1991 to March 2001, when Internet-related stocks soared.
Economic calendar for the European and U.S. trading session:
10:00 UK - BoE Gov Carney Speaks
12:00 Europe - CPI
15:30 Canada - Foreign Securities Purchases
17:30 Europe - ECB's Lautenschlaeger Speaks
18:00 UK - BoE Gov Carney Speaks
19:30 USA - 6-Month Bill Auction
23:00 USA - US Foreign Buying, T-bonds
Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
