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- Varchev Finance: Trading day in one post – 19.04.2018
Varchev Finance: Trading day in one post - 19.04.2018
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Loading...Asian Stock Market - Asian markets managed to accumulate flat profits amid the upsurge of Wall Street. The raw materials sector is expected to perform best, reflecting the convergence of Japan and the United States. Earlier today, Donald Trump and Shinzo Abe discussed the possible chances of a bilateral agreement on US import tariffs. Topix sub-titles for steel and non-ferrous metals are among the best-performing sectors with 3.35% and 3.40%, respectively. The Nikkei 225 added 0.65% and Kospi 0.32%. In China Hang Seng and Shenzhen climbed 0.4%. In Sydney, ASX200 posted a growth of 0.51%, mainly due to mining companies - Rio Tinto jumped 2.51%.
FX Market - As you can guess, the currencies of economies directly dependent on raw materials are on the rise. AUD traded 0.26% higher, and NZD 0.15%, while JPY was down. USD did not react strongly to the news that Trump warmed relations with Asia and traded virtually unchanged. Today, UK will focus on retail sales and Canada with NFP. The island's expectations are that retail sales will record a drop, and this will result in an extra weight on the GBP, which yesterday started the day with losses. With a little delay, CAD began to accumulate Hawkish sentiment among members of the Bank of Canada. If today we see an improvement in the labor market, CAD is likely to be the hottest currency.
Commodity Market - Despite the rise in the stock market and the mitigating tone of the White House, GOLD continues to test the upper limit of consolidation. The price of precious metal has been moving in cots for 4 months. On the one hand, rising inflation in the United States and the projections for an aggressive interest rate hike from the Fed should push the price down. On the other hand, however, global and political uncertainty does not give investors the peace, and they seek shelter for the brilliant metal. OIL: Black Gold futures indicate an increase during the Asian session. Brent crude oil is trading at a 0.5% increase at $ 71.90 a barrel, while WTI has a 0.6% increase at $ 68.85 a barrel.
The European stock market: European indices will accumulate the upward movement of indices in the US and Asia. The German DAX will open a 20 percent increase at a price of € 12610, the French CAC with a 10 point increase of € 5392 and the UKX with a 4-point drop of £ 7321.
US Stock market - Wall Street trading on Wednesday marked the rise in the S & P 500 and Nasdaq indices thanks to strong financial reports from companies. IBM, however, proved to be a stumbling stone for Dow Jones, who was still unable to finish the session with growth. The index declined by 0.16% to 24748.07 points. IBM was not the only loser, Johnson & Johnson and Nike, respectively, declining by 7.39%, 2% and 1.93% respectively. The broad index S & P 500 rose by 0.08% to 2708.64 points. Technological Nasdaq jumped 0.19% to 7295.24 points.
Economic Calendar for European and US Stock Sessions - 19.01.2018
11:30 UK - Retail sales
15:30 USA - Jobless claims
15:30 United States - Philadelphia Manufacturing Index
15:30 Canada - ADP Non Farm Payrolls
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