- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 19.09.2017
Trading day in one post 19.09.2017
Rating:
Loading...Asian trade session: Asian markets are trading in mixed moods before the Fed meeting this week. The Japanese Nikkei 225 climbed 1.48% to 20204.68. Kospi posted a decline of 0.07% to 2416.48, while Samsung shares declined by 0.99%. In Australia, S & P / ASX200 rose 0.06% to 5724.10. On Chinese markets, the Hang Seng index declined by 0.06% to 28,142.56 and Shanghai composite dropped 0.29% to 3353.04.
Currency markets: AUD was trading with a raise before the report of the last RBA meeting. The release was not as optimistic as the Governor Philip Lowe's statement, which had a negative effect on the currency. At the moment, the AUD / USD is at levels around 0.7969. The pound was backed by Mark Carney saying that interest rates may need to be raised to keep rising prices under control. Currently GBP / USD is traded at levels around 1.3525. The dollar does not make big moves as investors are cautious before the FED meeting on Wednesday. Yesterday, the currency reached 8-week high, currently trading at levels around 111.57 vs the yen.
Commodities market: Oil prices remained stable, supported by a decline in crude oil exports from Saudi Arabia. Currently, WTI crude is traded at around $ 49.90. Gold has rebounded slightly since yesterday's decline, the reason for this being the caution of investors before the Fed meeting. Now the precious metal is traded at levels around .1307.74
European stock market: European markets are also expected to be cautious before the FED meeting. DAX will start trading on Tuesday with a 6 point drop, UKX with a drop of 11 points, and the French CAC will open 1 point lower.
US trade session: U.S. stocks closed higher on Monday as investors looked ahead to a key Federal Reserve meeting. Wall Street also cheered a big defense industry deal. The Dow Jones industrial average gained 65 points and posted its fifth straight record close. Boeing and Caterpillar contributed the most to the gains. The index finished the session at 22,331.35. The S&P 500 also closed at an all-time high of 2,503.87, rising 0.1 percent, as financials led advancers. The Nasdaq composite hit an intraday record before closing 0.1 percent higher at 6,454.64. The three major indexes also posted record highs last week, with the S&P breaking above 2,500 for the first time on Friday's closе. Market participants are largely expecting interest rates to remain unchanged. But Wall Street is expecting the Fed to announce the unwinding of its $4.5 trillion balance sheet. Тhe data is expected at Wednesday at 21:00 .
Economic calendar for the European and U.S. trading session:
12:00 Germany - ZEW current conditions
12:00 Germany - ZEW Economic sentiment
15:30 United States - Building permits
15:30 USA - Current Account Q2
15:30 US - Housing Starts
15:30 Canada - Manufacturing Sales
23:00 US - API Weekly Crude Oil Stock
European Equity Upgrades/Downgrades
GKN (GKN LN) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT EXANE
ADMIRAL GROUP (ADM LN) UPGRADED TO HOLD FROM SELL AT DEUTSCHE BANK
ALTICE (ATC NA) UPGRADED TO BUY FROM HOLD AT DEUTSCHE
BANKBPOST (BPOST BB) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES
TELIA COMPANY (TLSN SS) DOWNGRADED TO SELL FROM HOLD AT DEUTSCHE BANK
TELENOR (TEL NO) UPGRRADED TO HOLD FROM SELL AT DEUTSCHE BANK
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
