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- Trading day in one post 21.09.2017
Trading day in one post 21.09.2017
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Loading...Asian stock market: Major indexes in Asia were mostly lower on Thursday after the dollar and U.S. Treasury yields spiked following big news out of the Federal Reserve. Japan's Nikkei 225 rose 0.42 percent, as automakers and most financials notched gains. Oil stocks largely traded higher. Across the Korean Strait, the Kospi edged down 0.03 percent, but traded above session lows. Down Under, the S&P/ASX 200 lost 0.87 percent, with broad-based losses across most sub-indexes offsetting gains in energy stocks. Greater China markets were mostly flat. The Hang Seng Index reversed losses to climb 0.1 percent, while mainland markets were mixed. The Shanghai Composite rose 0.21 percent and the Shenzhen Composite inched lower by 0.215 percent.
Currency market: The yen declined and the dollar extended gains against major peers as the U.S. Federal Reserve and the Bank of Japan announced diverging monetary policies. Stocks in Tokyo advanced while they were mixed elsewhere in Asia. The Japanese currency fell to a two-month low as Bloomberg’s dollar index rose. The U.S. central bank set an October start for shrinking its balance sheet and maintained a forecast for another rate increase this year, while the BOJ kept its monetary stimulus unchanged on Thursday. Tokyo shares climbed as the yen weakness boosted exporters, while equities fell in Sydney. NZD lost 0.4% to 73.29 U.S. cents. The Kiwi has been sensitive to opinion polls ahead of an election this weekend, jumping on Wednesday when the latest survey showed the ruling National Party surging back into the lead over the main opposition Labour Party.
Commodities market: Gold lost 0.1% to $1,299.57 an ounce. WTI climbed 0.6% to $50.78 a barrel, following a 1.9% advance. U.S. oil industry snapped back from Hurricane Harvey-related disruptions, with overall crude and oil-product exports surging to 5.42 million barrels a day last week, according to data from the Energy Information Administration released Wednesday. Refinery runs increased the most since October 2008 as Gulf Coast plants delayed seasonal fall maintenance to meet market demand.
European stock market: European markets are set for a negative open. CAC is posed to lose 4 points to 5,267; DAX will shed 6 points to 12,630, UKX will open 16 points lower at 7,288. Todays focus will be on Mario Draghi's speech. Traders will watch closely, what he will have to say after yesterday's hawkish comments from Fed. Market players will look for a signs, signalling for the beginning of the Q/E exit.
US stock market: The S&P 500 hovered near a record high and bank stocks surged after the Federal Reserve indicated another rate hike this year was possible and that it would begin the unwinding of its balance sheet next month. The statement was a little more hawkish than traders anticipated, causing the 10-year Treasury yield to jump higher and in turn, boosting financial shares. The Dow Jones industrial average was down 1 point with 3M and Apple contributing the most to the losses. Earlier, the Dow ticked above 22,386.01 to trade at a new record high. The S&P 500 fell 0.12 percent, with utilities and consumer staples contributing the most to the losses. Earlier, the S&P 500 hit a new intraday record of 2508.85; industrials and materials shares both hit intraday all-time highs in today's session. Following the Fed's announcement, shares of major banks including PNC Financial Services, Bank of America and Citi were all up more than 1 percent. The Nasdaq composite fell 0.29 percent with Apple, Microsoft and Amazon all lower.
Economic calendar for the European and U.S. trading sessions:
09:00 Switzerland - Trade Balance
11:00 Europe - ECB Economic Bulletin
12:30 Europe - ECB's Praet Speaks
15:30 USA - Philadelphia Fed Manufacturing Index
15:30 Canada - Wholesale Sales
16:00 USA - House Price Index
16:30 Europe - ECB President Draghi Speak
16:45 USA - Bloomberg Consumer Confidence
17:00 Europe - Consumer Confidence
17:30 USA - Natural Gas Storage
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