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- Varchev Finance: Trading day in one post – 22.12.2017
Varchev Finance: Trading day in one post - 22.12.2017
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Loading...Asian stock market:Asian markets edged higher in the last day of trade before Christmas, tracking moderate gains made on Wall Street. Japan's Nikkei 225 hovered around the flat line, with gains seen in trading houses and most financials, while automakers and tech traded mixed. Share of Kobe Steel fell 1.98 percent after it acknowledged that three senior executives knew about data falsification taking place at the company, Reuters said. The steelmaker, currently embroiled in a scandal involving tampering with product specifications, said its investigation into the matter would be completed near the end of February, Reuters added. Across the Korean Strait, the Kospi tacked on 0.32 percent as blue chips that had fallen in the last session clawed back gains. Samsung Electronics was up 1.63 percent and Hyundai Motor rose 1.67 percent. Meanwhile, Australia's S&P/ASX 200 edged up by 0.17 percent on strength in the resources sectors. Major miners and oil-related plays rose in morning trade: Rio Tinto crept higher by 0.73 percent, Santos rose 0.57 percent and Mount Gibson Iron added 1.67 percent. Greater China markets were relatively subdued after climbing in the last session. The Hang Seng Index advanced 0.26 percent. Blue chips were mostly higher, with HSBC up 0.31 percent. Real estate and tech firms also rose, with China Vanke adding 3.49 percent and Tencent climbing 0.8 percent. Mainland markets were mostly flat, with the Shanghai Composite higher by 0.11 percent and the Shenzhen Composite inching up by 0.07 percent, with energy-related names among the top performers on the day.
Forex market: The yen was little changed at 113.35 per dollar. The euro dropped 0.2% to $1.1847. Australia's dollar was at 77.14 U.S. cents, heading for a second straight week of gains. NZD is also up for a second week. Bitcoin was 13% down at about $13,400. Spain - Catalan secessionists on track to win majority in today's regional election. Final results are not expected for a good few more hours, but it appears pro-independence parties in Catalonia are headed towards an absolute majority of seats. Looks like the separatist parties will have around 70 of the 135 seats u for grabs. EUR trades lower on the news.
Commodity market: Oil prices were mixed, but with neither of the main futures moving very far. Brent crude futures were only 0.03 percent higher at $64.91 per barrel and U.S. West Texas Intermediate shed 0.14 percent to trade at $58.28. Airlines are stocking up on fuel before the Christmas travel rush. U.S jet-fuel demand jumped to a record 2.11 million barrels a day last week, government data show. AAA estimates air travel across the country will increase 4.1 percent from a year ago during the holiday period, boosted by lower-priced airline tickets and hotel rooms.
European stock market: In the last trading day before Christmas, the European indices are also expected to open with a positive attitude. The German DAX will register around 14 points increase to 13,087; The French CAC is also in positive territory - 6 points profit to 5,373, while the FTSE 100 will open near its closing levels around 7,585. Today, investors will be interested in tracking GDP data in the UK, giving them the clearest idea of how the country's economy is developing in anticipation of Brexit. Market participants will remain cautious, as the last trading day before the holidays can lead to preventive closing of positions and profits to limit the risk.
U.S. stock market: U.S. stocks finished higher on Thursday after some companies said they would spend the savings stemming from lower corporate taxes on higher wages and new construction. The Dow Jones industrial average rose 55.64 points to close at 24,782.29. At its session highs, it traded more than 100 points higher. The S&P 500 gained 0.2 percent to 2,684.57, with financials and energy rising 0.9 percent and 2.1 percent, respectively. Energy is also on track to post its biggest one-week gain in more than a year. The Nasdaq composite closed just above the flatline at 6,965.36.
Economic calendar for the European and U.S. trading sessions:
09:00 Europe - GfK German Consumer Climate
11:30 UK - GDP
15:30 USA - Core Durable Goods Orders
15:30 Canada - GDP
17:00 USA - Michigan Consumer Expectations
17:00 USA - New Home Sales
22:30 USA - CFTC Speculative Net Positions
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