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- Trading day in one post – 25.9.2017
Trading day in one post - 25.9.2017
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Loading...Asian Stock Market: Major Asian indices traded mixed on Monday against a backdrop of not so good election results in New Zealand and Germany. The Japanese Nikkei 225 grew 0.49%, with the main contributors in the index being financial and automotive. On the Korean Peninsula, Kospi wiped out 0.33%, dropping for fifth consecutive session. ASX grew by 0.17%, with the health sector earning profits. The big Chinese indices traded downwards, with Hang Seng down 0.7%, Shanghai composite by 0.15%, and Shenzen down 0.13%.
Currency market: The euro and the New Zealander were in focus tonight, both currencies reflecting the negative mixed election results in both countries. The euro managed to stabilize at around $1.1930, after the initial slump in market opening. NZD managed to stay at levels around 0.7262 after falling from 0.7305. JPY is trading down against a background of rumors that Japan will go ahead to early elections. The pound is traded with a decline of more than 50 pips after Moody's downgrades Britain's credit rating to Aa2 from Aa1.
Commodity market: Oil fell after Friday's rise when oil makers announced they are likely to wait until next year to decide to extend OPEC's abstraction program. Against this background, WTI declined by 0.18% and is currently trading at about $ 50.57 a barrel. Gold is trading almost unchanged, despite growing geopolitical uncertainty around North Korea and Iran.
European stock market: European stock indices are expected to start a downward session, with the German DAX30 opening 20 points lower at 12,585, the French CAC40 with a 15 point price drop of about 5269 and UK UK100 5 points lower at a price of 7300.6. The fall in indexes comes from the weak performance of the ruling party in Germany, a news that worries most investors, as one of the largest economies in the eurozone will be without a government for some time.
US Stock Market: Friday's stock market ended session mainly with rises after the health sector recovered from its fall during the day. The main Dow index ended with growth for a second week in a row - from 0.4%. The health sector, one of the worst performers in the S & P 500, rose by more than half a percent. The movement in biotech and pharmaceutical operations was the result of Senator John McCain's statement that he "can not with good conscience" vote on the health reform proposal. The blue chip index Dow Jones was able to recover somewhat from its earlier decline, ending about 10 points down. Apple contributed most to the weekly decline, while UnitedHealth led the losers of the day.
The economic news that markets will move today:
11:00 Eurozone - Speech by Vitor Constantinio, Member of the ECB
11:00 Germany - Index of Economic Expectations
11:00 Germany - Business climate
15:30 USA - Speech by William Dudley, FOMC member
16:00 Eurozone - Speech by Mario Draghi, President of the ECB
17:45 Eurozone - Speech by Benoit Coeuré, Member of the ECB
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