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- Trading day in one post 27.06.2017
Trading day in one post 27.06.2017
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Loading...Markets in Asia were mixed on Monday as traders watched for signals from central bankers' speeches.
The Nikkei 225 rose 0.34 percent, while South Korea's benchmark Kospi index reversed earlier losses to trade 0.17 percent higher.
The S&P/ASX 200 declined 0.25 percent, but traded off session lows.
Greater China markets were mixed. Hong Kong's Hang Seng Index edged higher by 0.13 percent. The Shanghai Composite traded lower by 0.09 percent.
In energy news, increasing crude production and oversupply worries continued to weigh on the market. Brent crude futures edged higher by 0.31 percent to trade at $45.97 a barrel and U.S. crude futures rose 0.18 percent to trade at $43.46.
U.S. equities closed mixed on Monday as a rise in the financials sector helped offset losses from large-cap technology stocks. Bank stocks rose after the Italian government said it reached a deal to wind up Popolare di Vicenza and Veneto Banca.
Economic Calendar for the European and the American Trading Sessions 27.06.2017
11:00 - EU - ECB President Draghi Speaks
11:05 - USA - FOMC Member Williams Speaks
11:30 - Australia -RBA Assist Gov Debelle Speaks
12:30 - United Kingdom - BoE Financial Stability Report
13:00 - United Kingdom - BoE Gov Carney Speaks
17:00 - USA - CB Consumer Confidence
18:15 - USA - FOMC Member Harker Speaks
20:00 - USA - Fed Chair Yellen Speaks
USD - The dollar rose after positive comments from Donald Trump's meeting with India's Prime Minister Narendra Modi. The USD index, which reflects USD's performance against the basket of currencies, is trading with an increase at 97,365. Compared to the yen, the dollar rose to a five-week high and is trading at around 111.85. Today we are expecting statements from FOMC representatives and then at 20:00 we will watch Janet Yellen's statement.
JPY - The yen is weakening, with the lack of risk factors on the markets which has a negative impact on the currency. Inflation in the country remains under BoJ's goal, which has made the bank to leave its stimulus policy unchanged.
GBP - The pound has been on the rise since the Brexit talks began. The positive tone has a beneficial effect on the currency. Theresa May presented details of the policy about the European citizens living in the UK, giving investors a clear picture of how the prime minister intends to act in future negotiations.
Gold - Yesterday, gold tumbled 1.5% in 1 minute, driven by 1.8m traded volume. Analysts say this is due to a "wrong pressed button". Increasing inflation in the US and the "hawkish" tone of the Fed contribute to the negative moods of gold.
Junior Trader Stefan Panteleev
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