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Trading day in one post 19.07.2017

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Overview of Asian indices: Asia markets were mixed as dimmed prospects for U.S. health-care reform led to the dollar wallowing near 10-month lows.
The Nikkei 225 edged up 0.06 percent, while South Korea's benchmark Kospi index declined 0.13 percent, ASX 200 was up 0.69 percent, driven by strength in the heavily-weighted financials sub-index, which was up 2.56 percent. Markets in greater China traded sideways. The Hang Seng Index gained 0.18 percent, while mainland markets were mixed. The Shanghai Composite rose 0.07 percent, but the Shenzhen Composite was off by 0.212 percent.
The dollar was nearly flat after touching a 10-month low overnight. The dollar index, which measures the dollar against a basket of currencies, stood at 94.735.
U.S. West Texas Intermediate crude edged down 0.26 percent to trade at $46.28 per barrel.

 

FX overview: During the Asian session, there was no significant data, most notably the Australian and, at last place, the euro. The dollar remained stable despite investors' disappointment with the healthcare project. Overall, the dollar has reached levels of support against most currencies, and if the price breakthrough it , we will see even deeper levels in the greenback. AUD is the strongest currency in the market for the evening. The latest RBA report showed that the country's economy is in very good shape and continues to improve. The yen take third place  in the ranking, probably due to uncertainty about company reports on quarterly earnings coming up this week and Trump's frustration with the healthcare project.

 

Commodities Markets: Oil futures indicate that the black gold has risen over Asian hours. Brent crude traded with a slight increase on $ 46.33. The moods around the raw material remain negative. Petroleum is still in a bearish market, with the latest non-compliance with OPEC's deal negatively affecting the price. For now, it is more reasonable to look for short positions. Gold rose during early trading hours. Events in the US have a positive influence on the price of the metal. The technical analysis shows that the price is above SMA 200, which makes short-term positive moods.

 

Overview of the American indices and futures: US Stock Market Shares in the United States were trading mixed on Tuesday as investors analyzed their quarterly corporate reports. Nasdaq closed up by 0.4%, the S & P 500 traded just above the edge of support, driven by telecoms profits, while Dow Jones was down 60 points.

 

The economic data and news that will affect the markets today:

15:30 USA - Building Permits

15:30 USA - Housing Starts

15:30 Canada - Manufacturing Sales

17:30 USA - Crude Oil Inventories

US Equity Upgrades
BOTTOMLINE TECHNOLOGIES (EPAY) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT RAYMOND JAMES
CACI (CACI) UPGRADED TO BUY FROM HOLD AT JEFFERIES
CHUY'S (CHUY) UPGRADED TO OUTPERFORM DUE TO SHARE PULLBACK AT RAYMOND JAMES
CIT GROUP (CIT) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT STEPHENS
DIAMONDROCK (DRH) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT RAYMOND JAMES
DOLBY (DLB) UPGRADED TO BUY FROM NEUTRAL AT B. RILEY
FIFTH STREET FINANCE (FSC) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT JMP SECURITIES
GATX CORP. (GMT) UPGRADED TO HOLD FROM SELL AT STIFEL
GREENBRIER (GBX) UPGRADED TO BUY FROM HOLD AT STIFEL
HEALTHCARE TRUST (HTA) UPGRADED TO STRONG BUY FROM OUTPERFORM AT RAYMOND JAMES
MEDICAL PROPERTIES (MPW) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT JMP SECURITIES
NIC INC. (EGOV) UPGRADED TO OUTPERFORM FROM IN-LINE AT IMPERIAL CAPITAL
RICE MIDSTREAM (RMP) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT WELLS FARGO
TARGA RESOURCES (TRGP) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT WELLS FARGO
UNITED RENTALS (URI) UPGRADED TO OUTPERFORM FROM SECTOR PERFORM AT RBC CAPITAL

US Equity Downgrades
ALCENTRA CAPITAL (ABDC) DOWNGRADED TO OUTPERFORM FROM STRONG BUY AT RAYMOND JAMES
ALLY FINANCIAL (ALLY) DOWNGRADED TO UNDERWEIGHT FROM EQUAL WEIGHT AT STEPHENS
BOOZ ALLEN (BAH) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES
CEMEX (CX) DOWNGRADED TO SELL FROM NEUTRAL AT CITI
CRH MEDICAL (CRHM) DOWNGRADED TO NEUTRAL FROM OUTPERFORMER AT CIBC
FIRST CASH FINANCIAL (FCFS) DOWNGRADED TO NEUTRAL FROM BUY AT JANNEY CAPITAL
INSULET (PODD) DOWNGRADED TO NEUTRAL FROM BUY AT BTIG
NGL ENERGY PARTNERS (NGL) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT WELLS FARGO
NUSTAR ENERGY (NS) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT WELLS FARGO
NUSTAR GP HOLDINGS (NSH) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT WELLS FARGO
RYMAN HOSPITALITY (RHP) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT RAYMOND JAMES
SAIC (SAIC) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES
SEMGROUP (SEMG) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT WELLS FARGO
SUMMIT HOTEL PROPERTIES (INN) DOWNGRADED TO MARKET PERFORM FROM
OUTPERFORM AT RAYMOND JAMES
SUPERNUS (SNUS) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT PIPER JAFFRAY
WABTEC (WAB) DOWNGRADED TO HOLD FROM BUY AT STIFEL

US Equity Initiations
ALTICE USA (ATUS) INITIATED WITH A NEUTRAL AT BOFA/MERRILL
ALTICE USA (ATUS) INITIATED WITH A NEUTRAL AT GOLDMAN SACHS
ALTICE USA (ATUS) INITIATED WITH AN EQUAL WEIGHT AT BARCLAYS
ALTICE USA (ATUS) INITIATED WITH AN EQUAL WEIGHT AT MORGAN STANLEY
ALTICE USA (ATUS) INITIATED WITH AN OVERWEIGHT AT JPMORGAN
ANSYS (ANSS) INITIATED WITH A NEUTRAL AT GOLDMAN SACHS
BAKER HUGHES (BHGE) RESUMED WITH AN OVERWEIGHT AT MORGAN STANLEY
CARDIOME (CRME) ASSUMED WITH A BUY AT CANACCORD
DEVON ENERGY (DVN) ASSUMED WITH A NEUTRAL AT PIPER JAFFRAY
GENERAL ELECTRIC (GE) RESUMED WITH AN EQUAL WEIGHT AT MORGAN STANLEY
LANTHEUS (LNTH) INITIATED WITH AN OVERWEIGHT AT CANTOR
POST HOLDINGS (POST) INITIATED WITH A BUY AT GOLDMAN SACHS
PTC (PTC) INITIATED WITH A NEUTRAL AT GOLDMAN SACHS
RESOLUTE ENERGY (REN) INITIATED WITH A NEUTRAL AT GOLDMAN SACHS
RH (RH) REINSTATED WITH AN UNDERPERFORM AT BOFA/MERRILL
SAFETY, INCOME AND GROWTH (SAFE) INITIATED WITH A NEUTRAL AT JPMORGAN
SAFETY, INCOME AND GROWTH (SAFE) INITIATED WITH AN EQUAL WEIGHT AT BARCLAYS
SOLIGENIX (SNGX) INITIATED WITH A BUY AT H.C. WAINWRIGHT
TRILLIUM THERAPEUTICS (TRIL) INITIATED WITH A BUY AT H.C. WAINWRIGHT


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