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- Varchev Finance: Trading day in one post – 29.01.2018
Varchev Finance: Trading day in one post - 29.01.2018
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Loading...Asian Stock Market - Asian stocks were up for gains after Wall Street's significant gains on Friday, when the two main indexes SP500 and Dow Jones reached the All Time High. Today, in Asia, the Japanese Nikkei 225 rose 0.52% thanks to the companies with a large capitalization. Toyota rose 0.57 percent, along with other major carmakers in the region. In South Korea, Kospi climbed 1.01%, mainly because of profits in the technology sector. Samsung rose 1.14 percent before announcing the company's financial results later in the week. In Sydney ASX200 rose by 0.50%, with increases in almost all sectors excluding real estate and investment trusts. In China, Hang Seng declined by 0.74%, Shanghai composite rose 0.29%, and Shenzhen declined by 0.14%.
FX Market - During the Asian session, the Swiss was the most undesirable currency, down 0.29%. At the same time, the US dollar is trading almost unchanged. On Friday, Trump said on the Davos podium that the dollar is still going to get stronger. Adding the Fed's desire to raise the country's benchmark interest rate at least three times in 2018. the probability of a USD reversal becomes significant. During the week, we expect a significant drop in the dollar's volatility until all the major currency news is passed - a FED decision on the base rate and Non Farm Payrolls. EUR lost momentum, trading 0.1% lower. The slowdown comes not from weak economic data but from the caching of gains accumulated in recent weeks in which the United Currency traded with some advantage over others. JPY marks a decline of 0.12% on the back of rising stock markets. GBP is trading down during the Asian session, but the upward trend remains in place. The short-term adjustment will give us a perfect opportunity to add to the long GBP positions.
Commodities market: West Texas Intermediate rose 0.33%, continuing to reflect the agreement between OPEC + countries, while Brent declined by 0.11%. The most losing Commodity futures was natural gas, which dropped 2.93%. The best performer was that of the wood, an increase of 2.09%. Gold fell 0.34%, reflecting the high-risk appetite on the market. At the moment in the markets everyone seems calm, but even a slight concussion will take the price of precious metal over $ 1,400 per ounce. Gold rose by more than 10 percent since mid-December, driven largely by the hedge of long positions on the stock market, the US dollar and low global inflation.
European stock market - Europeans will not follow the example of Asia and Wall Street and will start trading with a downward trend. Dax30 will start trading with 8 points lower at levels of 13,385. The CAC40 will open 5 points down, at 5547 and UKX with 11 points at a price of 7695. The euro is trading today with a decline. The strength of the common currency also exacerbates the indices. The currency reached $ 1.25 against the dollar and is about to record its strongest May May 2017. The traders noted that despite Mario Draghi's comments, they remain convinced that the fiscal stimulus program in the region is nearing its end. The euro has risen against other currencies, including the US dollar in the last few weeks, as the economy in the region continues to improve and political risks diminish. However, a strong euro will negatively affect European exports and will have an effect on inflation - things the central bank has been trying to support over the past few years. This talks about a potential change in monetary policy.
US Stock Market: Good news in the financial statements of the companies brought another record session on Wall Street. The best performing today are technology companies and those in the health sector. The leading index, Dow Jones, added more than 220 points, or 0.85%, to its value and closed the week at 26616.71 points. The broad SP500 rose to 2872.87 points, up from 1.18% on Thursday. Technological Nasdaq reached 7,500 points, closing at 1.28% to 7505.77. For the week, the growth is 2.3%. AbbVie and Intel ranked the most profitable companies, reporting better-than-expected figures in the quarterly financial reports. So AbbVie shares rose 13.77% to 123.21 dollars per share. Intel's stock trading ended at a price of $ 50.08 a share, an increase of 10.6 per cent.
Economic calendar for the European and US Stock Exchange - 29.01.2018
09:00 Germany - Import Price Index
10:00 Spain - Retail sales
15:30 US - Consumer spending
23:45 New Zealand - Trade Balance
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