Trading Day in one post 30.08.2017

Asian Markets: Asian markets followed Wall Street and overturned concerns over North Korea. Japan's Nikkei 225 rose 0. 55%. Kosspi is up by 0. 04% after technological shares rose. The biggest gains come from Samsung Electronics shares, which have a growth of 0.17%. Hang Seng climbed 0. 79% and Shanghai Composite shed 0.03%. Yesterday the shares in the region closed down, but today they managed to recover.

Currency market: The yen rose yesterday, but today it is trading with a decline against the USD at levels around 109,762 after the risk-off moods start to fade away. The dollar increased against most of its crosses, with its index rising to 92,319. The Australian dollar performed best during the Asian session after the better economic data from the country and is trading at levels around 0.79936. The euro managed to reach $ 1.20 but then dropped again and currently EUR / USD is traded at around $ 1.1971. Investors will expect data for ADP Nonfarm Employment Change  and GDP from the US.

Commodities Markets: Following North Korean missiles, investors turned to safe-haven instruments. This helped gold reach its highest price for the year and is currently traded at around $ 1,311.44 per ounce. Hurricane Harvey was responsible for closing about 20% of refineries in the US, which means that the production will fall with approximately 3.5 million barrels per day. This had a negative effect on the price of oil, and WTI crude traded down 0.3 percent to $ 46.31 a barrel. On the other hand, this has a positive effect on gasoline, which is 2.3% up and traded at around $ 1.82 per

gallon.

European Markets: Yesterday, the European stocks traded down after tensions from North Korea. It is expected today the European indices to follow the positivism of the Asian session and to open higher. CAC is expected to rise by 5 points, DAX by 20 points and UKX by 9 points.

US Stock Market: Stocks regained their footing to close higher on Tuesday as investors evaluated the tension between the U.S. and North Korea. The Dow Jones industrial average erased earlier losses to trade about 40 points higher, with United Technologies and Boeing contributing the most to the gains. The index fell as much as 134.82 points earlier in the session. The Nasdaq composite also erased losses to trade 0.34 percent higher after Apple hit a record high. The S&P 500 turned positive in afternoon trade, holding 0.1 percent higher, with industrials leading four sectors higher. Tensions between North Korea and the US have, in our view, reached levels unseen since 1994, when the Clinton administration considered air strikes on North Korea. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, briefly rose more than 20 percent.

Economic Calendar for European and US Stock Sessions:

10:00 - Switzerland - KOF Leading Indicators
15:00 - Germany - CPI
15:15 - United States - ADP Nonfarm Employment Change (Aug)
15:30 - US - GDP
15:30 - Canada - Current account
16:15 - USA - FOMC Member Powell Speaks
17:30 - USA - Crude Oil Inventories

US Equity Upgrades

CHATHAM LODGING (CLDT) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT JMP SECURITIES
ENEL GENERACION (EOCC) UPGRADED TO SECTOR PERFORM FROM UNDERPERFORM AT SCOTIABANK
FIAT CHRYSLER (FCAU) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT BOFA/MERRILL
INFOSYS (INFY) UPGRADED TO BUY FROM OUTPERFORM AT CLSA
PEBBLEBROOK HOTEL (PEB) UPGRADED TO IN LINE FROM UNDERPERFORM AT EVERCORE ISI
PIEDMONT OFFICE REALTY (PDM) UPGRADED TO OUTPERFORM FROM NEUTRAL AT BAIRD
PLAINS ALL AMERICAN (PAA)UPGRADED TO STRONG BUY FROM OUTPERFORM AT RAYMOND JAMES
PLAINS GP HOLDINGS (PAGP) UPGRADED TO STRONG BUY FROM OUTPERFORM AT RAYMOND JAMES
PLAINS GP HOLDINGS (PAGP)UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT BMO CAPITAL
PLANS ALL AMERICAN (PAA) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT BMO CAPITAL
PLEXUS (PLXS) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN
SCANA (SCG) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT MIZUHO

US Equity Downgrades

AMERICAN MIDSTREAM PARTNERS (AMID) DOWNGRADED TO SECTOR PERFORM FROM OUTPERFORM AT RBC CAPITAL
GENESCO (GCO) DOWNGRADED TO NEUTRAL FROM POSITIVE AT SUSQUEHANNA
MAGNA (MGA) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT MORGAN STANLEY
MALIBU BOATS (MBUU) DOWNGRADED TO NEUTRAL FROM BUY AT B. RILEY
MERIT MEDICAL (MMSI) DOWNGRADED TO OUTPERFORM DUE TO VALUATION AT RAYMOND JAMES
MERIT MEDICAL (MMSI) DOWNGRADED TO OUTPERFORM FROM STRONG BUY AT RAYMOND JAMES
NUVASIVE (NUVA) DOWNGRADED TO UNDERPERFORM FROM HOLD AT NEEDHAM
UNI-PIXEL (UNXL) DOWNGRADED TO HOLD FROM BUY AT BENCHMARK

US Equity Initiations

AMPLIPHI (APHB) INITIATED WITH A BUY AT H.C. WAINWRIGHT
BANK OF PRINCETON (BPRN) INITIATED WITH A BUY AT FBR CAPITAL
CALAMP (CAMP) INITIATED WITH A NEUTRAL AT JPMORGAN
CHEMED (CHE) INITIATED WITH A SECTOR WEIGHT AT KEYBANC
CLEMENTIA PHARMACEUTICALS (CMTA) INITIATED WITH AN OUTPERFORM AT LEERINK
CLEMENTIA PHARMACEUTICALS (CMTA) INITIATED WITH AN OUTPERFORM AT WEDBUSH
CLEMENTIA PHARMACEUTICALS (CMTA) INITIATED WITH AN OVERWEIGHT AT MORGAN STANLEY
EDWARDS LIFESCIENCES (EW) RESUMED WITH AN OUTPERFORM AT WILLIAM BLAIR
HARLEY-DAVIDSON (HOG) INITIATED WITH A HOLD AT AEGIS
HARRIS (HRS) INITIATED WITH AN OUTPERFORM AT CREDIT SUISSE
NORTHERN DYNASTY (NAK) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL
SIENTRA (SIEN) INITIATED WITH A BUY AT CANACCORD
TETRAPHASE (TTPH) INITIATED WITH AN OVERWEIGHT AT PIPER JAFFRAY
TSYS (TSS) INITIATED WITH AN OUTPERFORM AT RBC CAPITAL
VENATOR MATERIALS (VNTR) INITIATED WITH A BUY AT GOLDMAN SACHS
VENATOR MATERIALS (VNTR) INITIATED WITH A BUY AT NOMURA INSTINET
VENATOR MATERIALS (VNTR) INITIATED WITH A BUY AT SUNTRUST
VENATOR MATERIALS (VNTR) INITIATED WITH A NEUTRAL AT UBS
VENATOR MATERIALS (VNTR) INITIATED WITH AN EQUAL WEIGHT AT BARCLAYS
VENATOR MATERIALS (VNTR) INITIATED WITH AN OUTPERFORM AT RBC CAPITAL
VENATOR MATERIALS (VNTR) INITIATED WITH AN OVERWEIGHT AT JPMORGAN
ZAYO GROUP (ZAYO) INITIATED WITH A HOLD AT DEUTSCHE BANK

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