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- Varchev Finance: Trading day in one post – 28.06.2018
Varchev Finance: Trading day in one post - 28.06.2018
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Loading...Asian Stock Market: Asian stocks tracked lower amid trade concerns. In Tokyo, the Nikkei 225 declined 0.45 percent while in Seoul, the Kospi shed 0.59 percent in morning trade. Technology stocks struggled, with Samsung Electronics and SK Hynix down 2.4 percent and 2.23 percent, respectively, despite the former settling a dispute with Apple over patents. Greater China markets took a breather after recent losses. Hong Kong's Hang Seng Index edged up by 0.48 percent.
FX market: The dollar index is adjusting, and the green bucks weakens against its major pairs after earlier reached a weekly high. The Japanese yen is trading at an increase of about 110.16 per dollar. The main market driver of the Forex market today will be the GDP data of the world's biggest economy which will be announced later today, and the dollar will be the mood-determining currency in major crosses.
Commodity Market: Oil pared some of its jump to a level last seen in late 2014 after U.S. crude stockpiles tumbled by the most in almost two years. A massive draw in U.S. crude inventories, combined with supply outages in both Libya and Canada, reset the stage for oil bulls. Gold hit $1250, which make precious metal loosing momentum and reached good levels to build long positions.
European stock market: Futures of the main European indices are traded without a major change, probably after the start of the session the equities will go higher as the development of the trade disputes has succeeded in mitigating the moods. The data of consumer confidence and inflation in Germany will be the focus of investors on the Old Continent today.
US stock market: Earlier, Dow had risen almost 286 points after U.S. plans to target foreign investment turned out less restrictive than initially thought, although markets lost steam throughout the session. The news that the US government decided to use less stringent methods to curb Chinese investment in US-based technology companies, including the expanded use of the Committee on Foreign Investment in the United States, has been positively accepted by the markets, and today we expect US stocks to gain momentum.
Trader Georgi Bozhidarov Read more:
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