- Home
- >
- Fundamental Analysis
- >
- Trading day in one post – 26.9.2017
Trading day in one post - 26.9.2017
Rating:
Loading...Asian Stock Market: Asian markets were pressured in Tuesday trade, following declines on Wall Street overnight, as the war of words between North Korea and the U.S. escalated. Japan's Nikkei 225 sank 0.32 percent after the yen strengthened overnight as investors focused on North Korea. Across the Korean Strait, the Kospi declined 0.29 percent as geopolitical tensions weighed,. Down Under, the S&P/ASX 200 wobbled around the flat line. The index edged down 0.1 percent. Greater China markets were mixed. Hong Kong's Hang Seng Index was off 0.06 percent. On the mainland, the Shanghai Composite inched higher by 0.07 percent and the Shenzhen Composite was nearly unchanged, slipping 0.073 percent.
Currency market: The JPY is the strongest currency in the Asian session and the trend is expected to continue during the European and US sessions due to the increasing tensions between North Korea and the United States. Second place is for the British pound, with the expectations for interest rates in UK which strongly supporting the cheap currency. We can look for long positions on pounds. The Canadian dollar remains stable after oil growth yesterday, and the lowest performing currency is NZD, with negative data during the session in Asia putting pressure on the kiwi.
Commodity market: Oil is trading at an increase of 0.20% to 92.37 dollars a barrel. Black gold rose due to geopolitical uncertainty and the danger of war. The other commodity that grows is gold. The price of precious metal reached $ 1313 a barrel after investors redirected their capital to risk-off shelters.
European stock market: European stock indices are expected to start a mixed-sessions session, with the German DAX30 dropping 1 point to 12571.30, French CAC40 traded unchanged, and British UK100 2 points higher at 7299. The indices seem to remain stable at the moment no matter of declines during the US and Asian session due to the uncertainty of a possible war.
US Stock Market: U.S. stocks closed lower Monday as declines in technology stocks offset gains in energy stocks after North Korea's foreign minister said his country could shoot down US strategic warplanes in international airspace, fueling a rush to safety. Dow Jones industrial average closed 53.50 points lower, or 0.24 percent, at 22,296.09, the S&P 500, which declined 5.56 points to 2,496.66 and Nasdaq composite briefly fell more than 1 percent but closed 0.88 percent lower at 6,370.59 in its worst day since September 5.
The economic news that markets will move today:
9:00 Germany - Import Price Index
11:30 UK - BBA Mortgage Approvals
17:00 USA - CB Consumer Confidence
17:00 USA - New Home Sales
17:30 USA - FOMC Member Brainard Speaks
19:45 USA - Fed Chair Yellen Speaks
European Equity Upgrades/Downgrades
ANGLO AMERICAN (AAL LN) DOWNGRADED TO SELL FROM HOLD AT DEUTSCHE BANK
TULLOW OIL (TLW LN) UPGRADED TO HOLD FROM SELL AT STIFEL NICOLAUS
GLENCORE (GLEN LN) UPGRADED TO BUY FROM HOLD AT DEUTSCHE BANK
INDITEX (ITX SM) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT EXANE
ABN AMRO (ABN NA) UPGRADED TO BUY FROM HOLD AT DEUTSCHE BANK
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
