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- Trading day in one post 20.09.2017
Trading day in one post 20.09.2017
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Loading...Asian Stock Market: Asian indexes were trading mixed during the session and investor prudence was high, as signals for the future of central bank monetary policies are expected later in the week. Nikkei is trading unchanged, Shanghai composite is up 0.22%, Hang Seng is up 0.22%, and ASX 200 and Kospi are down 0.08% and 0.05% respectively.
Currency market: The dollar index, which tracks the change of the green currency against its competitors, remained without a significant change at 91.77. The dollar fell against its major competitors, with EUR / USD trading + 0.10%, GBP / USD + 0.13% and USD / JPY with -0.11%. After better data on New Zealand's current account, NZD / USD recorded short-term growth, then returned all profits and is currently trading at + 0.03%. Today we expect important economic data, first, UK retail, and then the Fed's decision on the key interest rate. We expect increased volatility across all pounds and the US dollar.
Commodities market: Gold marks a second consecutive positive growth day, against the backdrop of upcoming Fed and Bank Of Japan meetings. Currently, the safe-haven metal is trading with a + 0.41% increase, as our expectations are for the upward trend to continue until we hear what the Fed intends to do. Despite the better API data on oil reserves, WTI consolidated for the fifth consecutive day between $ 49.50 and $ 50.00. Today, we expect the official US Department of Energy data to make it clear how much the country's oil reserves have fallen.
European stock market: European indices are expected to open without any particular change, given the caution that the Asian markets have overtaken at the beginning of the session. DAX is expected to open about 5 points lower, at around 12,547. British UKX will start the session with a 2 point drop in price at 7278 and the French CAC40 at a price of 5230 or with a decrease of 1 point. Today, during the European stock market session, investors will focus their attention on retail sales from the UK, which will have a strong impact on the pound and the UK100.
US Stock Exchange Market: US stock indices rose on Tuesday amid the two-day Federal Reserve session. The blue chip index Dow Jones recorded its 41st record high for the year, rising by 40 points. Shares of Verizon and Goldman Sachs contributed most to growth, and the broad S&P500 index added 0.1 percent, and also recorded a record as the telecom and finance sectors advanced.The Nasdaq composite tech index rose 0.1 percent, making another record. Currently, interest rates are not expected to rise in the US, but many market participants believe the central bank will begin declining its $ 4.5 trillion portfolio. Today, at 21:00, the Fed will announce the US interest rate, and Janet Yelan will provide more information on the central bank's balance sheet cut. Traders and investors will closely follow the statement, expecting increased volatility at USD and US indices.
Economic calendar for European and US trade sessions - 20.9.2017
09:00 Germany - Producer Price Index
10:00 Eurozone - Protocol from the meeting of the European Central Bank
11:30 UK - Retail sales
11:30 UK - Retail sales without fuel
13:00 UK - CBI Industrial Order Balance Sheet
14:00 USA - MBA Mortgage Applications
16:00 Switzerland - Swiss National Bank Quarterly Report
17:00 US - Sales of Existing Homes
17:30 USA - Oil inventories
21:00 United States - Minutes of the FOMC Meeting
21:00 USA - FOMC Decision on Interest Rates
US Equity Upgrades
GAP (GPS) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT CREDIT SUISSE
MCKESSON (MCK) UPGRADED TO OUTPERFORM FROM NEUTRAL AT BAIRD
MELCO RESORTS & ENTERTAINMENT (MLCO) UPGRADED TO BUY FROM NEUTRAL AT NOMURA INSTINET
MICHAEL KORS (KORS) UPGRADED TO OUTPERFORM FROM PERFORM AT OPPENHEIMER
NETAPP (NTAP) UPGRADED TO BUY FROM NEUTRAL AT UBS
OLD NATIONAL BANCORP (ONB) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT RAYMOND JAMES
QUIDEL (QDEL) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT PIPER JAFFRAY
US Equity Downgrades
ACUITY BRANDS (AYI) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT BAIRD
CHEMICAL FINANCIAL (CHFC) DOWNGRADED TO UNDERPERFORM AT BOENNING & SCATTERGOOD
DIMENSION THERAPEUTICS (DMTX) DOWNGRADED TO SELL FROM NEUTRAL AT CITI
ITRON (ITRI) DOWNGRADED TO HOLD FROM BUY AT CANACCORD
KELLOGG (K) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT PIPER JAFFRAY
LENNAR (LEN) DOWNGRADED TO NEUTRAL FROM BUY AT MIZUHO
NIKE (NKE) DOWNGRADED TO NEUTRAL FROM POSITIVE AT SUSQUEHANNA
ORBITAL ATK (OA) DOWNGRADED TO NEUTRAL FROM BUY AT CL KING
SUPER MICRO COMPUTER (SMCI) DOWNGRADED TO NEUTRAL FROM POSITIVE AT SUSQUEHANNA
SUPERNUS (SUPN) DOWNGRADED TO HOLD FROM BUY AT STIFEL
TIME WARNER (TWX) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT CREDIT SUISSE
TSYS (TSS) DOWNGRADED TO HOLD FROM BUY AT STIFEL
UNDER ARMOUR (UAA) DOWNGRADED TO UNDERPERFORM FROM MARKET PERFORM AT WELLS FARGO
US Equity Initiations
ACACIA COMMUNICATIONS (ACIA) INITIATED WITH A BUY AT MKM PARTNERS
ALLSCRIPTS (MDRX) INITIATED WITH AN OUTPERFORM AT RBC CAPITAL
AMERISOURCEBERGEN (ABC) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
ATHENAHEALTH (ATHN) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
BADGER METER (BMI) INITIATED WITH A HOLD AT STIFEL
CARDINAL HEALTH (CAH) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
CERNER (CERN) INITIATED WITH A TOP PICK AT RBC CAPITAL
CHARLES RIVER (CRL) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
CHESAPEAKE INITIATED (CHK) WITH AN IN-LINE AT IMPERIAL CAPITAL
CIMAREX ENERGY (XEC) INITIATED WITH AN OUTPERFORM AT IMPERIAL CAPITAL
CONTINENTAL RESOURCES (CLR) INITIATED WITH AN IN-LINE AT IMPERIAL CAPITAL
CURTISS-WRIGHT (CW) INITIATED WITH A HOLD AT STIFEL
CVS HEALTH (CVS) INITIATED WITH AN OUTPERFORM AT RBC CAPITAL
ENSYNC (ESNC) INITIATED WITH A BUY AT ROTH CAPITAL
EXPRESS SCRIPTS (ESRX) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
FARMLAND PARTNERS (FPI) INITIATED WITH A MARKET PERFORM AT RAYMOND JAMES
GASTAR EXPLORATION (GST) INITIATED WITH AN IN-LINE AT IMPERIAL CAPITAL
GULFPORT ENERGY (GPOR) INITIATED WITH AN OUTPERFORM AT IMPERIAL CAPITAL
HENRY SCHEIN (HSIC) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
HUDSON PACIFIC (HPP) INITIATED WITH A BUY AT GOLDMAN SACHS
INTUIT (INTU) INITIATED WITH AN OUTPERFORM AT WILLIAM BLAIR
KILROY REALTY (KRC) INITIATED WITH A NEUTRAL AT GOLDMAN SACHS
MEDIDATA (MDSO) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
MIRATI THERAPEUTICS (MRTX) INITIATED WITH AN OUTPERFORM AT OPPENHEIMER
NEW RELIC (NEWR) RESUMED WITH AN OVERWEIGHT AT KEYBANC
PAMPA ENERGIA S.A. (PAM) INITIATED WITH AN EQUAL WEIGHT AT MORGAN STANLEY
PATTERSON COMPANIES (PDCO) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
QUALITY SYSTEMS (QSII) INITIATED WITH AN UNDERPERFORM AT RBC CAPITAL
QUINTILESIMS (Q) INITIATED WITH AN OUTPERFORM AT RBC CAPITAL
RITE AID (RAD) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL
RLJ LODGING TRUST (RLJ) INITIATED WITH A HOLD AT DEUTSCHE BANK
SEALED AIR (SEE) REINSTATED WITH AN EQUAL WEIGHT AT BARCLAYS
TESLA (TSLA) INITIATED WITH AN UNDERPERFORM AT JEFFERIES
TRANSPORTADORA DE GAS DEL SUR SA (TGS)INITIATED WITH AN OVERWEIGHT AT MORGAN STANLEY
TREEHOUSE (THS) REINSTATED WITH A NEUTRAL AT BOFA/MERRILL
WALGREENS BOOTS ALLIANCE (WBA) INITIATED WITH AN OUTPERFORM AT RBC CAPITAL
WATTS WATER (WTS) INITIATED WITH A BUY AT STIFEL
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