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- Trading day in one post 4.1.2017
Trading day in one post 4.1.2017
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Loading...Japanese shares jumped more than 2 percent on Wednesday as the yen weakened against a stronger dollar and recent surveys suggest global manufacturing sectors might be seeing a strong turnaround.
The Nikkei 225 leaped up 2.07 percent while the Topix bounced up 2.14 percent, likely due to expectations of a weaker yen after the greenback hit a 14-year high overnight against a basket of currencies.
Chinese shares were lower on Wednesday, despite the overall cheer in Asian markets. The Shanghai composite was nearly flat, down 0.03 percent, while the Shenzhen composite slipped 0.037 percent.
In Hong Kong, the Hang Seng index was down 0.07 percent.
Australia's ASX 200 wavered between negative and positive for most of the morning session, and last traded up 0.06 percent.
The greenback surged to a 14-year high at 103.82 on Tuesday, supported by a strong read on the ISM manufacturing index, which was up 54.7 in December at its highest level in two years.
Over in the U.S., the Dow Jones industrial average closed up 0.6 percent at 19,881.76, the S&P 500 finished up 0.85 percent at 2,257.83 and the Nasdaq composite gained 0.37 percent, to close at 5,429.08.
Crude prices retraced overnight losses, with U.S. crude up 0.59 percent to $52.64 per barrel in Asian trade, and global benchmark Brent up 0.59 percent to $55.80.
Economic calendar for European and American boerse sessions
9:45 France - Consumer confidence
10:50 France - Services PMI
10:55 Germany - Services PMI
11:00 EU - Services PMI
11:30 UK - Construction PMI
12:00 EU - CPI
14:00 USA - Mortgage Marker index
21:00 USA - FOMC Meeting Minutes
USD- The dollar is still the king in the market. For the last 20 years, January is positive for the currency. We're expecting this tendency to remain unchanged. We must carefully follow the inauguration of Trump. We are expecting high volatility in the market and possible appreciation of the USD.
CAD - Canadian dollar is also one of the strongest currencies in the market. because of the upward trend in the oil price , CAD is one of the instruments that are strongly supported. We can use any correction to buy CAD, except against the USD.
EUR - The common currency had terrible November and December of the last year. The increasing dollar, Italian referendum, extending QE from ECB are extremely negative for the EUR. In long-term period we are negative toward the currency. Today we are expecting the CPI data for EU. If the results are above the expected we can observe short-term appreciation of the EUR.
JPY - Yen is undoubtedly the weakest currency in the FX market. Today's speech of governor Kuroda , shows clearly that the depreciation will continue. Bank of Japan, do not indicates that will terminate the current monetary policy. We remain negative toward JPY.
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