Varchev Finance: Trading day in one post - 01.08.2018

Asian Exchange Market: After the news that the US and China could start official talks about the trade dispute and the positive session seen in the United States, Asian shares are green. Nikkei 225 advanced by 0.53% in morning trading. Manufacturers of steel and the various product sectors started earning, and JFE Holdings grew by 8.06%. Automobile manufacturers are also traded significantly higher. Chinese stocks also increased, with Shanghai Composite adding 0.19% and the blue chip CSI 300 recording a similar gain of 0.15%

FX Market: The Chinese yuan dropped in offshore trade as well as AUD, following a US administration report that will raise its target tariffs to 25%. JPY won a little bit of news, but the Japanese currency remained in defense after the central bank promised to keep low interest rates for an extended period of time. Yuan dropped 0.35% to 6.8271 per dollar, AUD dropped 0.15% to 0.7417

Commodities market: Oil prices fell on Wednesday after industry data showed crude oil stocks in the US are unexpectedly rising. Crude oil futures fell 29 cents or 0.4 percent to 73.92 dollars a barrel. Brent dropped by more than 6% in July and US crude oil futures by about 7%, the highest monthly decline for both indicators in July 2016.

European stock market: Traders are cautious about the economic calendar. Although European stocks rose over the past day, it is expected today to open at levels around zero. We may be witnessing a fall in European indexes before the opening of the US stock market.

US Stock Exchange Market: Tuesday was the last trading day forJuly, and major indices scored solid monthly earnings. Dow and S & P appreciated by 4.7% and 3.6%, respectively. Investors will closely monitor the FOMC for clues in inflation policy and rising interest rates. It is expected that there will be no significant changes in the Fed's way, and interest rates will remain unchanged at this time. An increase is expected in September and December this year.

Read more:

• USA ADP Nonfarm Employment Change: 202K vs 160K
• Iran response was ‘too fast and too furious’ on the U.S. airstrike
• USA – ISM Non-manufacturing PMI: 55.0 vs 54.5
• Top 5 things to watch on Tuesday
• Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making