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- Trading day in one post 28.06.2017
Trading day in one post 28.06.2017
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Loading...Asian indexes traded mostly lower on Wednesday after the softer lead from Wall Street, with the vote on a bill to replace Obamacare in the U.S. delayed.
The Nikkei 225 declined 0.05 percent and South Korea's Kospi was off by 0.12 percent.
In Australia, the S&P/ASX 200 reversed earlier losses to trade higher by 0.25 percent.
Markets in greater China trended lower. Hong Kong's Hang Seng Index was down by 0.15 percent. The Shanghai Composite declined 0.39 percent and the Shenzhen Composite was off by 0.374 percent in early trade.
In currencies, the dollar index, which tracks the dollar against a basket of rival currencies, tumbled to trade at 96.447, below the 97 handle seen for the last two weeks.
Oil prices gave up some gains after rising almost 2 percent overnight. Brent crude fell 0.43 percent to trade at $46.45 a barrel and U.S. crude traded lower by 0.66 percent at $43.95.
Economic calendar for the European and U.S. trading sessions
09:00 Europe - German Import Price Index
11:00 Europe - Private Sector Loans
14:00 USA - Mortgage Market Index
15:30 USA - Goods Trade Balance
16:30 UK - BoE Gov Carney Speaks
16:30 Canada - BoC Gov Poloz Speaks
16:30 Japan - BoJ Gov Kuroda Speaks
16:30 Europe - ECB Presitend Draghi Speaks
17:00 USA - Pending Home Sales
17:30 USA - Crude Oil Inventories
Indices - U.S. stocks closed lower on Wall Street following the Senate's decision to postpone voting on a new health-care bill. Technology stocks also fared poorly, with Alphabet falling by more than 2 percent. The EU fined Alphabet unit Google a record $2.7 billion, as regulators ruled the company violated antitrust rules.
EUR - The euro held on to gains triggered by a hawkish tilt from the European Central Bank and Treasuries declined as Janet Yellen signaled the U.S. economy can withstand higher interest rates and said that asset valuations were rich. The euro held at the highest level in 10 months as ECB chief Mario Draghi offered upbeat remarks. That weighed on the dollar and U.S. government bonds as Yellen did little to support the U.S. currency.
CAD - The Canadian dollar was up with 0.4%, contributing to similar gains from the day before. Bank of Canada's Governor Stephen Poloz said, that the interest rates cut "did its job" and that now these levels are "extremely low". The strong correlation between the currency and Oil is also a key factor for the future movement of CAD. The oil is trying to pair the recent losses, and if succeeds, this will support the Canadian currency.
AUD - fizzled as higher European and U.S. yields weighted on carry trades, sending Aussie broadly lower during the New York session. Spot of AUD/USD continues to consolidate between 0.7555 100-DMA and 0.7625 congestion as quarter-end approaches, with the AUD supported near term by rising metal prices. Could see gains against the JPY should risk appetite remain healthy.
Jr Trader Alexander Kumanov
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