- Home
- >
- Fundamental Analysis
- >
- Trading day in one post 23.08.2017
Trading day in one post 23.08.2017
Rating:
Loading...Overview of Asian Markets: Asian stock markets rose, tracking gains registered on Wall Street, which were driven by declining political tensions, optimism about US tax reform, and the commitment of global central bankers to conduct an adequate monetary policy on current Economic conditions. The Nikkei 225 rose 0.59%, KOSPI rose 0.16%, ASX200 + 0.06%, Shanghai Composite + 0.24%. In Hong Kong, typhoon Hato continues to rage, and the city's exchange will remain closed for the day.
Currency Markets:
The yen is currently trading at a 0.07% rise, with the USD/JPY at 109.47. The dollar index managed to register growth of + 0.03%, dictated by the optimism in the White House and the good economic data of the country. AUD and NZD declined slightly with 0.6% for NZD and 0.2% for AUD respectively. The pound declined during trading yesterday, and today it remained virtually unchanged, but at a key level of resistance at GBP/USD. In light of the negatives that Brexit is experiencing, the economy is likely to experience a drop in the British currency. The sentiment for the pound remains negative. The euro is trading unchanged at this time, with investors expecting Mario Draghi's commentary on monetary policy in Jackson Hole to understand the intentions of the ECB.
Commodity Markets: Gold traded slightly after yesterday dropped with 0.57% because Wall Street's increased risk appetite. Oil is traded at around $47.71 a barrel after a significant decline on Monday. The black gold foundation remains negative as the summer season in which demand is intensifying is over, yields in the US continue to increase, Libya puts its largest field of activity into operation within hours, and OPEC can not cope with all this, To limit supply on the world market.
European stock market: European markets will open with declines. The German DAX will open about 10 points lower to 12,238. The French CAC will lose 11 points and will open at 5,128 while UKX is back by 10 points to 7,369. According to Mario Draghi, the strength of the euro could negatively affect the region's economy as well as the indices. Investors will remain cautious before the meeting of central bankers on Friday.
US Stock Market: The US session was on a rally on Tuesday after investors back their hopes for tax reform in the United States. SP500 rose by 0.99%, with information technology shares growing at 1.45%. The Dow Jones rose by about 195 points, with Boeing contributing the most to the index's rise. Today we expect sales of new homes that are expected to have a short-term impact on the market.
Economic Calendar for European and US trade Sessions:
10:00 France - PMI Index in Production and Services - Preliminary
10:30 Germany - PMI Index in Production and Services - Preliminary
11:00 Eurozone - PMI Index in Production and Services - Preliminary
16:45 USA - Index PMI in Markit Production and Services - Preliminary
17:00 USA - Sales of new homes
17:30 US - Oil inventories
US Equity Upgrades
ADVANCE AUTO PARTS (AAP) UPGRADED TO EQUAL WEIGHT FROM UNDERWEIGHT AT BARCLAYS
ESTEE LAUDER (EL) UPGRADED TO MARKET PERFORM FROM UNDERPERFORM AT BMO CAPITAL
HOWARD BANCORP (HBMD) UPGRADED TO STRONG BUY FROM OUTPERFORM AT RAYMOND JAMES
LULULEMON (LULU) UPGRADED TO BUY FROM NEUTRAL AT BOFA/MERRILL
PHYSICIANS REALTY TRUST (DOC) UPGRADED TO HOLD FROM UNDERPERFORM AT JEFFERIES
US Equity Downgrades
CALPINE (CPN) DOWNGRADED TO NEUTRAL FROM BUY AT GUGGENHEIM
CANADIAN SOLAR (CSIQ) DOWNGRADED TO UNDERWEIGHT FROM EQUAL WEIGHT AT BARCLAYS
ENI SPA (E) DOWNGRADED TO UNDERWEIGHT FROM EQUAL WEIGHT AT BARCLAYS
FLEXIBLE SOLUTIONS (FSI) DOWNGRADED TO SELL FROM HOLD AT GREENRIDGE
FOOT LOCKER (FL) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT BAIRD
FOOT LOCKER (FL) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT UBS
INFOSYS (INFY) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN
NIKE (NKE) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES
REPSOL (REPYY) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT BARCLAYS
SNAP-ON (SNA) DOWNGRADED ON WEAK CHECKS AT LONGBOW
SNAP-ON (SNA) DOWNGRADED TO NEUTRAL FROM BUY AT LONGBOW
STATOIL (STO) DOWNGRADED TO UNDERWEIGHT FROM EQUAL WEIGHT AT BARCLAYS
TOTAL (TOT) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT BARCLAYS
US Equity Initiations
AMERICAN OUTDOOR BRANDS (AOBC) INITIATED WITH A BUY AT AEGIS
AT HOME GROUP (HOME) INITIATED WITH AN OVERWEIGHT AT KEYBANC
PACIRA (PCRX) UPGRADED TO NEUTRAL FROM SELL AT JANNEY CAPITAL
SAFE BULKERS (SB) INITIATED WITH A BUY AT MAXIM
SEANERGY MARINE (SHIP) INITIATED WITH A BUY AT MAXIM
SIENNA BIOPHARMACEUTICALS (SNMA) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
