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- Trading day in one post, 26.04.2017
Trading day in one post, 26.04.2017
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Loading...Asian markets were boosted by the positivism around the US stocks financial reports.
Japan's Nikkei climbed by 0.62% and Kospi gained 0.33%. The Chinese markets were trading higher during the night session. Hang Seng rose by 0.53%, Shanghai Composite rose by 0.02% and Shenzen Composite rose by 0.062%.
Oil prices were lower following a report on the build in U.S. crude inventories. Brent crude futures traded 0.12 percent lower at $52.04 a barrel while U.S. crude futures were down 0.2 percent at $49.46.
In the U.S., stocks soared as McDonald's and Caterpillar reported solid earnings, with the Nasdaq surpassing the 6,000 mark for the first time. The Dow Jones industrial average surged 1.12 percent or 232.23 points to close at 20,996.12.
Economic data during the European and US market sessions today:
04:30 Australia - CPI (QoQ) (Q1)
09:45 France - Consumer Confidence
11:00 Switzerland - ZEW Expectations
14:00 USA - MBA Mortgage Applications
15:30 Canada - Core Retail Sales
17:30 USA - Crude Oil Inventories
EUR - the euro remain positive tendency at Asian session. Emanuel Macron's lead in the first round of French elections, which strongly supported the single currency. We remain on euro, expecting to keep its positive direction.
JPY - The yen continued to weaken and remains one of the weakest currencies for the time being. The decline is probably due to positivism around the financial statements of US stocks, as they boost the indices and stocks upwards and investors direct their assets to them. However, the geopolitical risks and tensions around North Korea remain, as in any military action, we can see again the rise in the Japanese currency, as well as in gold and oil.
CAD - The Canadian dollar continued its downward movement, traded around the bottoms since December, against the US dollar. We are currently short for the Canadian currency.
Indexes - US indices futures have grown steadily for the second consecutive day. Positive financial reports and good performance of US stocks led to a rise in indexes and new record highs. Trump also promised today to report on the tax reform plan. Sentiment remain positive. Today we expect earnings reports from Procter & Gamble Company (The) (PG), Pepsico, Inc. (PEP), Amgen Inc. (AMGN), Boeing Company (The) (BA), GlaxoSmithKline PLC (GSK), United Technologies Corporation (UTX), PayPal Holdings, Inc. (PYPL) and others.
Junior Trader Ivan Ivanov
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