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- Varchev Finance: Trading day in one post 23.04.2018
Varchev Finance: Trading day in one post 23.04.2018
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Loading...Asian stock market: Asian stocks traded mostly lower on Monday, as investors kept an eye on rising U.S. Treasury yields and digested declines in technology stocks seen stateside. The Nikkei 225 shed 0.28 percent while the broader Topix was flat. Among sectors, insurers, banks and shippers traded in positive territory, while technology was a mixed bag. Elsewhere, the Kospi was off by 0.19 percent, with automakers and retailers declining as steelmakers climbed. In Australia, the S&P/ASX 200 advanced 0.41 percent as the financials subindex and gold producers led gains on the index. Greater China markets reversed earlier gains, with the Shanghai composite slipping 0.11 percent and the Shenzhen composite declining 0.75 percent.
FX market: The Japanese yen fell 0.1% to 107.82 per dollar. The euro fell 0.1% to $1.2272. The greenback capped its best week since December, with the Bloomberg Dollar Spot Index gaining 0.92 percent as U.S. Treasury yields continued their upward march amid an increase in inflation expectations. In terms of economic news, traders will take a look at the GDP figures for the first quarter of the new year, which will be published on Friday. Fed members are optimistic, with all of them raising their estimates this year. With better-than-expected results, traders' predictions are for an increase in the dollar.
Commodities market: WTI crude fell less than 0.05% to $68.38 a barrel. Gold fell 0.2% to $1,333.63 an ounce. Despite support for oil amid tensions in the Middle East, Australia will hit OPEC in a second strike. It became clear that the country abolished the ban on shale oil production in its northern part. There is currently no reaction from the black gold, but the country's decision will certainly have a negative impact on oil. The driving force for the raw material is currently the many conflicts we see in the Middle East.
European stock market: European markets are expected to start the first trading session for the new week with fresh gains. DAX will open with a 41-point increase at around 12,567; The French CAC will register 20 points profit at a price of 5,525; while the UKX is about 10 points profit. During the day the economic calendar will provide manufacturing PMI data in Germany and Europe, and these news (if positive) can provide additional bull support. The positive momentum with Wall Street's revenue expectations also contribute to the premise that this will be a green session.
U.S. stock market: Despite the declines recorded late Friday, Wall Street's moods are up for grabs. In the most tense week of corporate reports for the first quarter, more than a third of S & P 500 members will be in the spotlight. Most of the focus will be on the FAANG group. After the end of the session on Monday, Alphabet is expected to report a 22% increase in revenue to $ 30.3 billion, with net gains rising by 21%. Analysts expect Facebook to mark a 42% increase in its quarterly earnings. The company's shares lost over 10% during the Cambridge Analytica scandal, and investors will be interested to see whether new losses are ahead of the company. Other big names that will be reported during the week include Twitter, Qualcomm, eBay, PayPal, Microsoft, Baidu, Boeing, Caterpillar, 3M, United Technologies, Verizon, AT & T, Comcast, Visa, Ford, General Motors, UPS, Starbucks, ExxonMobil and other.
Economic calendar for the European and U.S. trading session:
10:30 Germany - Manufacturing PMI
11:00 Europe - Manufacturing PMI
15:30 Canada - Wholesale Sales
16:45 USA - Manufacturing PMI
17:00 USA - Existing Home Sales
22:30 Canada - BoC Gov Poloz Speaks
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