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- Trading day in one post 28.09.2017
Trading day in one post 28.09.2017
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Loading...Asian Stocks Market: Asian stock indices traded down on Thursday. Nikkei 225 slid 0.31 percent, or 63.14 points, to close at 20,267.05 despite the weaker yen as most automakers, financials and trading houses pulled back. Kospi finished the session with a 0.07% drop to 2,372.57, the Australian ASX 200 scored a loss of 0.12% closing at 5,664.3. In China, Shanghai Composite rose by 0.06%, reaching 3 345.4633, while Shenzhen Composite added 0.776%, rising to 1.979.2795.
Currency market: The dollar is the strongest currency in the Asian session as investors rely on a big boost in the economy after President Trump's comments on tax reform. The Australian is the lowest performing currency followed by the Canadian dollar that lost power after the comments of the BoC's chairman that the interest rate increase is not outlined and depends on the data that Canada will publish in the future. The euro is weakening probably due to the rising of the dollar.
Commodity market: Gold continues its downward movement pushed by a strong dollar. The silver also marks a drop, weight by the weakening of gold. Oil is trading down, despite significantly less oil reserves yesterday. Market rating is probably too high and black gold traders refuse to buy at such a high price.
European stock markets: European stock indices are expected to open with mixed moods. Lack of positivism makes investors cautious. The French CAC is traded unchanged, the German DAX has an 8-point rise and the UKX index is expected to open with a 6 points decrease.
US Stock Exchange Market:
U.S. stocks closed higher Wednesday after the release of the GOP's tax plan framework and as investors eyed higher interest rates. The Dow Jones industrial average closed about 56 points higher, after posting its first four-day losing streak since June on Tuesday. Goldman Sachs had the greatest positive impact on the index. The S&P 500 hit an all-time high of 2,511.75 but failed to set a record close. The Nasdaq composite outperformed, closing up more than 1 percent in its best day since Aug. 22.
Economic calendar for the European and American trade sessions 28.09.2017
09:00 Germany - Consumer Climate
09:35 Japan - BoJ Governor Kuroda Speaks
11:15 UK - BoE Gov Carney Speaks
12:00 Europe - Business Climate
12:00 Europe - Consumer Confidence
15:00 Germany - CPI
15:30 USA - GDP
15:30 USA - Goods Trade Balance
15:30 USA - Initial Jobless Claims
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