Varchev Finance: Trading day in one post - 01.11.2017

Asian Exchange Market: Asian markets traded on Wednesday as investors got the good financial reports from the region. The Asian indices also received a boost from China manufacturing PMI, which managed to meet expectations. Japan's Nikkei 225 rose 1.48%, with automotive and technology stocks leading in the country. Sony climbed 10.61 percent after announcing record-breaking financial results. Kospi rose 1.12%, with Samsung gaining 3.45%. ASX200 jumped 0.55% after higher oil prices were reported by energy companies. Hang Seng rose 0.6% and Shanghai composite by 0.46%.

Currency market: The start of the Asian session was marked by strong NZD growth after better employment data in the country. Later, after China announced the Manufacturing PMI data, the currency gained additional support, with a 0.91% increase. Against the backdrop of rising markets, investors preferred to sell safe haven instruments and JPY declined by 0.22%. USD is traded unchanged, reflecting uncertainty before the upcoming Fed meeting and data on new jobs in the United States. EUR was also traded unchanged after a sharp decline last week. Moods around the united currency remain negative, with any adjustment giving us comfortable levels of new short positions. GBP declined by 0.07%, and we expect the low volatility to be maintained until the BOE decision on the base interest rate and QE.

Commodities Markets: Oil sentiment remain strong. WTI rose 0.55% to $54.68 a barrel, and Brent remained at levels above $60.00 a barrel. Gold recorded a slight decrease of 0.10%, reflecting strongly the positive sentiment of the stock markets. At present, precious metal is traded at levels of $1270.60 per ounce.

European stock market: European markets will begin trading with significant growth, accumulating the positivism gained during the US and Asian sessions earlier. DAX30 is expected to open 100 points higher, at around 13,330. The French benchmark CAC40 will start trading 25 points higher than the 5525 level. The British UK100 will start trading 30 points higher at a price 7512. During the European session, we expect UK manufacturing PMI data, with investors looking for Brexit next impact on the economy.

US Stock Market: Dow Jones and SP500 recorded the fourth consecutive month of growth, with 4.3% for Dow Jones and 2.2% for SP500 respectively. The SP500 ends the month in a much better shape than investors expected. Statistics show that this month is traditionally quite turbulent. According to Standard and Poors's, over half of the stock growth is due to these five companies: Facebook, Amazon, Apple, Alphabet and Microsoft. All of them, with the exception of Apple, achieved record financial results in Q3 of the year. The good financial reports of the technology giants have helped the Nasdaq gain 3.6% this month.

Economic Calendar for European and US Stock Sessions:
09:00 UK - Nationwide Housing Price Index
10:30 Switzerland - SVME PMI index in manufacturing
11:30 UK - Manufacturing PMI
12:00 United Kingdom - Speech by John Cunliffe, Bank of England member
14:15 USA - ADP Non Farm Payrolls
15:45 USA - Manufacturing PMI
16:00 USA - ISM Manufacturing PMI
16:30 US - Crude Oil inventories
20:00 United States - Fed Decision on the Interest Rate
22:15 Canada - Speech by Stephen Poloz, Governor of Bank Of Canada

Read more:

• Investors pull record amounts out of US stock funds
• Oil rises after OPEC+ says to keep output cuts
• The Weakest Currency Of Them All
• China: April growth weakened due to distortions
• IMF cuts global growth outlook again