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- Trading day in one post 28.08.2017
Trading day in one post 28.08.2017
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Loading...Asian markets: The stocks of most Asian indices were under pressure during the trading session earlier this month, with the euro rising after speeches by leading central bankers on Friday. Oil markets, meanwhile, felt the impact of Hurricane Harvey. Japan's Nikkei 225 declined by 0.13%, Kospi dropped 0.41%, as technology stocks pushed the market lower. ASX 200 was also under pressure and is 0.7% down. Hang Seng in Hong Kong rose 0.56% at the start of trading. On the mainland, Shanghai Composite advanced by 0.72% and Shenzhen Composite added 0.82%.
Currency market: The dollar dropped at the start of the session and then returned some of its profit, unlike the euro, which opened with a gap up against most of its crosses and then lost its strength. The yen is the strongest currency at the moment, probably due to the shifting of capital to risk-free zones due to a Texas hurricane that hampers investors. The Swiss franc is the weakest of the main currencies, then ranks the Canadian dollar traded with a drop in weight caused by the fall in the price of oil.
The commodity market: Gold is trading with an icnrease backed by investors and traders looking for secure instruments, as the price is currently in a horizontal resistance at about $ 1,295, which can now be broken. Oil is trading with a decline, because the Texas hurricane struck 24 percent of oil production along with Corpus Christi port, which supplies the largest amount of crude oil abroad. Palladium, as well as most of the precious metals, is trading with an increase because of the weak dollar.
European stock market: The European Stock Exchange is expected to start on a negative territory. The French CAC is traded by 10 points lower, the German DAX is 21 points lower and the UKX index is 1 point down. Mario Draghi's comments, which have supported the euro, had a negative impact on the European equities.
US Stock Markets: US stocks closed slightly lower on Friday after Janet Yelan and Mario Draghi's comments, new tensions emerged, and the growing storm in the United States as a hurricane in Texas had a negative impact on the energy stocks that pushed US indexes down.
Economic Calendar for European and American Stock Sessions:
10:15 Switzerland - Employment Level
11:00 Europe - M3 Money Supply
11:00 Europe - Private sector loans
15:30 US - Goods Trade Balance
US Equity Upgrades
CANADIAN PACIFIC (CP) UPGRADED TO BUY ON VALUATION AT LOOP CAPITAL
CHIPOTLE (CMG) UPGRADED TO EQUAL WEIGHT FROM UNDERWEIGHT AT STEPHENS
CORE LABORATORIES (CLB) UPGRADED TO OUTPERFORM ON VALUATION AT CREDIT SUISSE
CORVUS PHARMACEUTICALS (CRVS) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT CREDIT SUISSE
EATON VANCE (EV) UPGRADED TO NEUTRAL FROM UNDERWEIGHT AT JPMORGAN
GENTEX (GNTX) UPGRADED TO OUTPERFORM FROM NEUTRAL AT BAIRD
INTRA-CELLULAR (ITCI) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT JMP SECURITIES
PORTOLA PHARMACEUTICALS (PTLA) UPGRADED TO OUTPERFORM FROM NEUTRAL AT CREDIT SUISSE
VORNADO (VNO) UPGRADED TO BUY FROM HOLD AT ARGUS
US Equity Downgrades
DICK'S SPORTING (DKS) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT COWEN
FORUM ENERGY (FET) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT CREDIT SUISSE
LOWE'S (LOW) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT BMO CAPITAL
PENNSYLVANIA REIT (PEI) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT MUFG
TEVA (TEVA) DOWNGRADED TO UNDERPERFORM FROM NEUTRAL AT CREDIT SUISSE
US Equity Initiations
FOAMIX (FOMX) INITIATED WITH A BUY AT H.C. WAINWRIGHT
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