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- Varchev Finance: Trading day in one post – 28.12.2017
Varchev Finance: Trading day in one post - 28.12.2017
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Loading...Asian Stock Market - Asian companies reflected the growth of oil and copper as the trade remained thin before a long New Year Weekend. Japanese benchmark Nikkei 225 climbed 0.12%, mainly due to the growth in the energy sector, which has been under pressure in the last few sessions. Automobile makers traded in a mixed territory, and the banking sector was trading mainly with declines. In South Korea, KOSPI rose 0.60%, driven mainly by the leader in technology companies - SAMSUNG. The company registered a growth of 1.94%. In Australia, ASX200 rose only 0.02%, as losses in the utility sector and real estate investment funds grew over the other sectors in the country. In China, markets were trading in mixed territory, with Hang Seng down 0.50%, Shanghai composite grew by 0.23%, and Shenzhen by 0.51%.
FX market - USD continued to decline during the Asian session as the Dollar Index traded at 92,960 levels. Against the yen, the dollar traded at levels of 113.19. The dollar was down mainly because of the fall in yield on ten-year bonds. Commodity currencies were trading on a rally against rising commodity prices. AUD is trading at a price increase of 0.7780 after it reached a two-month high earlier today. Similar to Bank Of Japan, the JPY remains on an autopilot, with any rise in stock markets leading to a fall in the currency of refuge. GBP is trading on a rise, mainly due to the good prospects for a Brexit deal.
Commodity market - oil prices, which after an attack on a Libyan pipeline reached a two and a half year peak, remained stable, even after the mild concussion on Wednesday. The rally in the copper price paused, but the metal continued to trade near its highest levels in four years. Quarterly copper futures traded on LME dropped 0.22 percent to $ 7,203 a metric ton after strong Chinese imports earlier this week.
European stock market - European markets will follow Asia, with expectations for indexes to open up. The German benchmark DAX30 will start trading 10 points higher at 13,068. The French CAC40 will start trading at 5366 or 4 points higher. Britain's UKX will start trading at 7629 or an increase of 10 points. Given the Christmas and New Year holidays, we expect the volatility of the indices to remain weak, with no sales foreclosed for the end of the year.
US Stock Market - The leading Wall Street indices ended in green territory for the first time in two sessions. The changes are minimal, with the indices increasing the energy sector and telecoms. Profits closed down real estate companies. Dow Jones rose by 0.11 percent to 24,774.3 points and McDonald's contributed most to the index's rise. Shares of the fast-food chain rose 0.8 percent to 172.67 dollars a share. The reverse pole is today Goldman Sachs. The S & P500 rose 0.08% to 2682.62 points, while the Nasdaq technology was 0.04% to 6939.34. Apple was able to cover the losses registered at the beginning of the session when trading was under the influence of news on lawsuits filed against the technology giant. In the end, however, trading ended with a minimum increase of 0.02% to 170.60 dollars per share.
Economic calendar for European and US trade sessions - 28.12.2017
09:00 UK - Harmonized Price Index
11:00 Eurozone - ECB Economic Bulletin
15:30 USA - Trade Balance
15:30 USA - Requests for unemployment benefits
16:45 USA - Bloomberg Consumer Confidence
16:45 USA - PMI of Chicago
18:00 USA - Crude Oil inventories
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