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- Trading Day in One Post 22.04.2016
Trading Day in One Post 22.04.2016
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Loading...Most Asian markets traded in negative territory on the last day of the week, following declines from the US session.
Only the Japanese Nikkei 225 rose by 0.6%. Japanese Yen stays around current level 109.43 against dollar. Production sector data from Japan was mixed after two earthquakes, and it is facing a serious problem. There have been speculations for new incentives from the BOJ in order to stop the increasing tendency of appreciation of the yen.
Australian ASX 200 fell by 0.58%, led by declines in the energy, resource, and financial sectors. The Australian dollar rose against USD and was traded at 0.7754 level.
In China, despite the improvement in business mood, the Shanghai Composite fell by 0.47 percent, while Hong Kong's Hang Seng dropped by 0.8%.
Black gold was traded with a grow during Asian hours. The price for a barrel of oil reached $ 43.67, increased by 1.13%.
Gold remained at the levels above $ 1,250 an ounce, and was traded in a narrow range. </ P
Volvo's report for the first quarter showed growth in sales and profits, and surpass expectations, but there is a reduction in number of orders from Asia and North America, which gives a signal about the slowdown in the global economy.
Today the economic calendar is focused on PMI data in Europe and the Consumer Price Index in Canada:
10:00 France - PMI index in manufacturing - Preliminary
10:00 France - PMI index in the services sector - preliminary
10:00 Eurozone - A meeting of eurozone finance ministers
10:30 Germany - PMI index in manufacturing - Preliminary
10:30 Germany - PMI index in the services sector - preliminary
11:00 Eurozone - PMI index in manufacturing - Preliminary
11:00 Eurozone - PMI index in the services sector - preliminary
15:30 Canada - Retail Sales m / m
15:30 Canada - Consumer Price Index m / m
15:30 Canada - Consumer Price Index y / y
15:30 Canada - Main Index of Consumer Prices m / m
15:30 Canada - Main Index of Consumer Prices y / y
15:30 Canada - Retail sales excluding automobiles m / m
16:45 USA - PMI index in the production of Markit - Final
The increase in oil price during the Asian hours, will have a positive effect on the index in early trading sessions in Europe. We can also expect short-term support to commodity currencies like AUD, NZD and CAD.
Today, there is an upcoming meeting of Finance Ministers from the Eurozone. After the ECB left interest rates unchanged yesterday, but has hinted at possible new concessions in monetary policy, we are likely to see a short-term rise in the euro. We will monitor PMI data for France, Germany and the Eurozone, which may also affect the European currency. Expect an increase in PMI, it is important to see the volume of changes.
Yesterday, VW agreed to repurchase 480,000 cars because of scandal about exhaust emissions. Daimler has also launched an investigation with their cars. It is possible to see a decrease in the shares of the two German car manufacturers.
In the early sessions in Europe it is likely to see increasing risk appetite, increasing stock-index futures and commodity pairs, and decrease of JPY. However, this can only be an inertial movement during the past days, and after the opening of stock markets we will see prudence.
Today is Friday, and there may be profits from the weekly movements. The weekly movement of the indices was long, so we may see a correction in the afternoon and by the end of the trading session today.
Movements from now on may be short and inertial; it is better to wait for the opening of stock markets in Europe and 30 minutes after them.
Serious movements today are expected in CAD, because of the data on retail sales. We expect the appreciation of the pound in the next minute, but approaching 15:30 prudence.
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