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- Trading day in one post 30.06.2017
Trading day in one post 30.06.2017
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Loading...Asian markets lost ground on Friday despite China manufacturing activity beating expectations as select tech shares around the region sold off.
Japan's Nikkei 225 dropped 1.14 percent to trade below the 20,000 level. The benchmark index traded at 19,990.5 at 9:35 a.m. HK/SIN.
The Kospi slipped 0.41 percent and Australia's S&P/ASX 200 pulled back 1.31 percent.
Markets in greater China traded lower as President Xi Jinping visited Hong Kong ahead of the twentieth anniversary of the Hong Kong handover. Hong Kong's Hang Seng Index declined 0.97 percent. On the mainland, the Shanghai Composite was off by 0.41 percent and the Shenzhen Composite fell 0.315 percent.
Oil prices posted moderate gains. Brent crude added 0.4 percent to trade at $47.61 a barrel and U.S. crude rose 0.38 cents to trade at $45.10.
Economic calendar for the European and U.S. trading sessions
09:00 Europe - German Retail Sales
10:00 Switzerland - KOF Leading Indicators
10:50 Europe - German Unemployment Rate
11:30 UK - GDP
12:00 Europe - CPI
15:30 USA - Personal Spending
15:30 Canada - GDP
16:45 USA - Chicago PMI
17:00 USA - Michigan Current Conditions
17:30 Canada - BoC Business Outlook Survey
20:00 USA - Baker Hughes Oil Rig Count
Indices - The CBOE Volatility Index had its biggest intraday increase Thursday since U.K. voters decided to exit the European Union on June 24, 2016. The VIX spot price surged as much as 51% at the same time the S&P 500 Index slumped to its lowest level since May 31. Technology stocks were mostly to blame for the drop in the stock benchmark as investors shifted out of them into banks.
USD - The dollar hit a fourteen-month low against the euro overnight. The common currency edged down from a session high of $1.1445 to fetch $1.1434. The dollar's weakness stems from market anticipation that other central banks, such as the European Central Bank and the Bank of Canada, could be turning hawkish, which would diminish any yield advantage the dollar might receive from the U.S. Federal Reserve's hiking cycle. The dollar index, which measures the greenback against a basket of currencies, traded near nine-month lows at 95.554, compared with the 97 handle seen earlier in the week.
AUD - The Australian dollar, which is sensitive to Chinese economic data, climbed for a third straight session to trade at $0.7699, trading as high as $0.7712 following the news. The rise in the Aussie also comes on the back of the rally in iron ore prices, which have increased for three straight sessions.
USD/JPY - The pair turned lower near the NYSE open and stayed lower as shares fell in a bout of quarter-end selling amid higher yields. Option-related selling ahead of 113.00 turned into a model sales of JPY crosses to drive spot towards its 100-DMA at 111.81 and Ichimoku cloud support at 111.79. Further support is seen at 111.24, 55-DMA
Jr Trader Alexander Kumanov
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