Daily market review – July 18th 2017


The trading on Wall Street closed yesterday almost unchanged and remained close to a record high, in a week full of quarterly reports and the unofficial opening of the high-tech reporting season.
68 of the 500 companies of the S&P 500 will publish their quarterly reports this week.
The quarterly reports of IBM, Goldman Sachs and Bank of America are due today, and on Thursday Microsoft, Snaptech will publish their results.

The shares of consumer electronics giant Apple Inc. climbed for the seventh straight day (149.56 + 0.35%) and it’s the longest daily streak since December 2016, after Morgan Stanley analysts raised Apple’s target price to $ 182, Of the current price.

This morning the trading on Asian markets falls on the back of news that two Republican senators oppose the health care bill that eliminates the former US president program regarding the health care insurance.
US President Donald Trump’s inability to pass the Health Act raises concerns among investors about his ability to fulfill his other promises.

Tokyo drops by 0.6%, Hong Kong is down by 0.1%, Shanghai loses 0.6% of its value. Singapore and Seoul are trading with little change and Sydney loses 1.1% of its value.

The US dollar fell by 0.4% against the Japanese yen to 112.18 yen to the dollar.
The Euro rose by 0.4% to $ 1.1525 and the pound gained 0.2% to $ 1.3088.

The Australian dollar is up by 1.1% to $ 0.78 after the Reserve Bank of Australia reported that the labor market is strong enough to reduce the risk of falling wages.
In addition, the bank signaled that it didn’t intend to stop the stimulus program for the asymmetrical economy.


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