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- Trading day in one post 29.06.2017
Trading day in one post 29.06.2017
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Loading...Asian bourses traded higher on Thursday, taking cues from a stronger finish in U.S. markets.
Japan's Nikkei 225 rose 0.54 percent. South Korea's benchmark Kospi index opened at a record high and briefly crossed the 2,400 level earlier in the session. The Kospi traded higher by 0.63 percent.
Over in Australia, the S&P/ASX 200 was up 0.96 percent.
Markets in greater China were also in the green. Hong Kong's Hang Seng Index was up 0.86 percent. On the mainland, the Shanghai Composite edged higher by 0.32 percent.
Comments from European Central Bank President Mario Draghi on Tuesday about adjustment in the central bank's monetary stimulus had been misinterpreted, according to reports. Draghi had wanted to signal tolerance for weaker inflation and not tightening in policy.
Oil prices made moderate gains. Brent crude futures rose 0.32 percent to trade at $47.46 a barrel and U.S. West Texas Intermediate added 0.42 percent to trade at $44.93.
Economic calendar for European and American trading sessions
09:00 - Germany - GfK German Consumer Climate
11:30 - UK - Mortgage Approvals
12:00 - EU - Consumer Confidence
15:00 - Germany - CPI
15:30 - US - GDP
15:30 - USA - Initial Jobless Claims
20:00 - USA -FOMC Member Bullard Speaks
GBP - The pound is on the rise after Mark Carney said the Bank of England's Monetary Policy Committee may have to raise interest rates, and options will be discussed in the coming months.
Removing part of the monetary stimulus will also be discussed and is probably going to happen.
Currently, the GBP is traded at around $ 1.2956 against the dollar.
EUR - The euro has also grown after the statement by ECB President Mario Draghi. Investors have accepted the comments as a sign that we can soon see tightening in the monetary policy and ending of the quantitative easing. The currency market continues to weigh optimistic comments from European Central Bank chief Mario Draghi.
JPY - The yen is trading down. This is due to the lack of clear signals from Haruhiko Kuroda about raising interest rates in the country and reducing of the stimuls. On the other hand, the lack of market risks also negatively affects the safe-heaven tool. USD / JPY is traded at around 112.25. Earlier this week the dollar traded at a one-month high against the yen.
Junior Trader Stefan Panteleev
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