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- Trading day in one post 22.09.2017
Trading day in one post 22.09.2017
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Loading...Asian stock market: Asian markets are trading with a decline. The Japanese Nikkei 225 is currently down by 0.34%. In Korea, Kospi declined by 0.73%, with Pesco lower by 4.42%. Australian ASX is the only one with an increase of 0.33%. Profits come from the telecommunications sector. Hang Seng is down 0.84% and Shanghai Composite is with a decline of 0.48%
Currency market: The Yen and the Swiss franc were the strongest currencies at night after North Korea's tensions recovered. This made investors look for safe-haven instruments. USD / JPY is currently traded around 111.81 and USD / CHF on 0.9677 The euro did not make big movements, as today we expect important economic data and speeches of ECB representatives later this day.
Commodities market: Gold rose at night, with tensions from North Korea coming back again. Earlier, North Korean Foreign Minister Ri Yong Ho said his country is thinking about a hydrogen bomb test in the Pacific, and Kim Jong Un said Donald Trump would "pay." He also describes the US president as "a cheater and a gangster who likes to play with fire." Currently, precious metal is traded at levels around $1297. Oil has not made major moves before the OPEC meeting in Vienna today. Investors are expecting information about the future of the oil supply cut program. Currently black gold is traded at levels around $50.60.
European stock market: European stock markets will follow the fall of Wall Street and Asian markets and will open on red territory. Currently in pre-market trade, the CAC40 is trading 10 points down, DAX is down 27 points and UKX marks a drop of 12 points
US stock market: U.S. stocks closed slightly lower on Thursday as investors feared the impact of another rate hike in December. The Dow Jones industrial average fell 53.36 points to close at 22,359.23, with Apple and Procter & Gamble contributing the most to the losses. Earlier, the index touched a record before turning negative. The S&P 500 dropped 0.3 percent with shares of major technology, telecommunications and consumer staples companies all weighing down the index. The Nasdaq composite fell 0.52 percent with shares of Microsoft, Amazon and Facebook all down. The Fed announced Wednesday it will begin rolling off its $4.5 trillion balance sheet starting in October. The central bank did not raise its benchmark interest rate from its current 1 percent to 1.25 percent target, however, its updated rate forecast showed that another hike this year is likely.
Economic calendar for the European and U.S. trading sessions:
09:45- France - GDP
10:15 - ECB's Coeure Speaks
10:30 - Germany - German Manufacturing PMI
10:30 - Germany - German Services PMI
11:00 - EU - ECB President Draghi Speaks
11:00 - EU - Manufacturing PMI
11:00 - EU - Services PMI
12:30 - EU - ECB President Draghi Speaks
14:15 - EU - ECB's Constancio Speaks
15:30 - Canada - CPI
15:30 - Canada - Retail Sales
16:30 - USA - Manufacturing PMI
16:30 - USA - Services PMI
20:00 - USA - U.S. Baker Hughes Oil Rig Count
20:30 - USA - FOMC Member Kaplan Speaks
22:00 - UK - U.K. Prime Minister May Speaks
European Equity Upgrades/Downgrades
ASHTEAD (AHT LN) RESUMED WITH A BUY RATING AT DEUTSCHE BANK
GERRESHEIMER (GXI GY) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT MAINFIRST
AURUBIS (NDA GY) DOWNGRADED TO UNDERPERFORM FROM NEUTRAL AT EXANE
DEUTSCHE BANK (DBK GY) UPGRADED TO HOLD FROM REDUCE AT HSBC
ESSILOR (EI FP) INITIATED WITH UNDERPERFORM AT RBC
ELIS (ELIS FP) UPGRADED TO OUTPERFORM FROM NEUTRAL AT CREDIT SUISSE
LUXOTTICA GROUP (LUX IM) CUT TO UNDERPERFORM FROM SECTOR PERFORM AT RBC
CARLSBERG (CARLB DC) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT EXANE
ERICSSON (ERICBS SS) DOWNGRADED TO SELL FROM HOLD AT CARNEGIE
MUNICH RE (MUV2 GY) UPGRADED TO BUY AT CITI
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