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- Varchev Finance: Trading Day in one post – 30.10.2017
Varchev Finance: Trading Day in one post - 30.10.2017
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Loading...Asian Market: Asian markets are trading on a rise Monday, with investors expecting quarterly results from regional corporations. All Asian indices are traded at a rise, with the exception of Japan's Nikkei 225, which reflects weak retail sales. Tokyo's lowest performing companies were Sharp with 0.97% and Yahoo Japan with -4.32%. The MSCI Asia Pacific development region rose by 0.39%, Kospi rose 0.23%, ASX rose 0.36%, Hang Seng and Shanghai Composite rose 0.15% and 1.3% respectively.
Currency market: The euro managed to recover, albeit a little after the strong downward momentum last week, trading at 0.08%. Given the strong underpinnings of a weak euro, however, we remain negative and we will use any correction to add new short positions. The situation in Catalonia remains vague and last week the ECB said it would extend its policy of easy money. GBP has the strongest growth during the Asian session + 0.16%. Positivism over the pounds accrues as Bank of England approaches Thursday, where members will decide whether to raise the key rate. NZD continues its downward movement due to political uncertainty in the country, with the currency declining 0.41% only during the Asian session. JPY and USD remain unchanged, with investors cautious about Bank of Japan and FED meetings this week and the upcoming US employment report.
Commodities markets: GOLD is trading slightly, reflecting positivism on the stock market and lack of geopolitical problems. The price still flirts with the average of the average of 200, and can not break down. We may see a rise in the price of gold as the Fed meeting and the employment report approach. Oil continues to rise as the main catalyst for growth is OPEC's decision to extend the period of abridged mining in and out of the Alliance with the help of Russia. Black Gold is traded near tops at a price of around $ 54 a barrel of light crude oil - WTI. Brent remains unchanged at about $ 60.46.
European stock market: Asian positivism will not be spread in Europe this time, with European markets opening with a downward trend. The reason for this is the Catalan crisis and the rising euro during the Asian session. With the opening of the markets, we expect the French CAC40 to erase 10 points of its value and start trading at a price of 5485. The German DAX30 will lose 15 points of its value and will open at a price of 13203. British UKX 100 futures indicate 20 points decline in the value of the trade will start at around 7478. Despite the temporary negative sentiment, the outlook for European indices remains positive and any adjustment will be a good opportunity for purchases.
US Stock Market: Wall Street Records do not stop. During the Friday session, two of the leading oceanic indices - the Nasdaq and the S & P500 - closed with a historic peak supported by the technology companies' rally, with the sector one of the most profitable since the beginning of the year. The three giants - Microsoft, Amazon, and Alphabet - were the most profitable positions after excellent data in the financial statements. This led to a share price increase of 7.6%, 13.5% and 4.9%, respectively. Amazon's shares have exceeded $ 1100 a share. Nasdaq recorded its best performance since November 2016 and closed at a record 6701.26 points or a 2.2 per cent increase. Dow Jones finished 0.14% up and climbed to 23,434.19 points, or 0.5% for the whole week. The S & P 500 added 0.81% to 2581.07 points.
Economic Calendar for European and US Stock Sessions:
09:00 Germany - Retail sales
10:00 Switzerland - KOF Leading Indicator
10:00 Spain - GDP
14:30 USA - Consumer Expenditure Index
15:00 Germany - Consumer Price Index
US Equity Upgrades
ADOBE (ADBE) UPGRADED TO HOLD FROM SELL AT PIVOTAL RESEARCH
ANGI HOMESERVICES (ANGI) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT WELLS FARGO
AQUA AMERICA (WTR) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT WELLS FARGO
GRAINGER (GWW) UPGRADED TO NEUTRAL FROM UNDERWEIGHT AT ATLANTIC EQUITIES
HALCON RESOURCES (HK) UPGRADED TO BUY FROM ACCUMULATE AT JOHNSON RICE
MERCER (MERC) UPGRADED TO OUTPERFORM FROM SECTOR PERFORM AT RBC CAPITAL
US Equity Downgrades
ALLERGAN (AGN) DOWNGRADED TO NEUTRAL FROM BUY AT MIZUHO
ALLETE (ALE) DOWNGRADED TO SECTOR WEIGHT FROM OVERWEIGHT AT KEYBANC
BENCHMARK ELECTRONICS (BHE) DOWNGRADED TO HOLD FROM BUY AT NEEDHAM
ERICSSON (ERIC) DOWNGRADED TO UNDERPERFORM AT COWEN
GRAINGER (GWW) DOWNGRADED TO SELL FROM NEUTRAL AT UBS
HAIN CELESTIAL (HAIN) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT BMO CAPITAL
KB HOME (KBH) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT WEDBUSH
MAA (MAA) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT JMP SECURITIES
MAZOR ROBOTICS (MZOR) DOWNGRADED TO UNDERWEIGHT FROM EQUAL WEIGHT AT BARCLAYS
NIKE (NKE) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS
PRIMERICA (PRI) DOWNGRADED TO HOLD FROM BUY AT SUNTRUST
SONIC AUTOMOTIVE (SAH) DOWNGRADED TO UNDERPERFORM FROM NEUTRAL AT BOFA/MERRILL
SPRINT (S) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT MACQUARIE
SUPERVALU (SVU) DOWNGRADED TO NEUTRAL FROM BUY AT NORTHCOAST
US Equity Initiations
BAKER HUGHES (BHGE) INITIATED WITH A NEUTRAL AT UBS
DIAMOND OFFSHORE (DO) INITIATED WITH A HOLD AT HSBC
EIGER BIOPHARMACEUTICALS (EIGR) INITIATED WITH A BUY AT ROTH CAPITAL
ENSCO (ESV) INITIATED WITH A BUY AT HSBC
EVOKE PHARMA (EVOK) REINSTATED WITH A BUY AT FBR CAPITAL
JAZZ PHARMACEUTICALS (JAZZ) INITIATED WITH A BUY AT FBR CAPITAL
NOBLE CORP. (NE) INITIATED WITH A BUY AT HSBC
NORTHERN DYNASTY (NAK) INITIATED WITH A BUY AT H.C. WAINWRIGHT
REDFIN (RDFN) INITIATED WITH AN OUTPERFORM AT WILLIAM BLAIR
RLJ LODGING TRUST (RLJ) INITIATED WITH A HOLD AT SUNTRUST
ROWAN COMPANIES (RDC) INITIATED WITH A BUY AT HSBC
SHIRE (SHPG) INITIATED WITH A BUY AT FBR CAPITAL
SUPERNUS (SUPN) INITIATED WITH A BUY AT FBR CAPITAL
TERRAFORM POWER (TERP) REINSTATED WITH A NEUTRAL AT JPMORGAN
TRANSOCEAN (RIG) INITIATED WITH A HOLD AT HSBC
WAYFAIR (W) INITIATED WITH A BUY AT MKM PARTNERS
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