Daily market review – July 5th 2017

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This morning the trading on the European stock exchanges is going down.
London is unchanged, Frankfurt drops by 0.2%, Paris retreated by 0.3%.

The trading in most of Asian exchanges was conducted with price hikes.
Tokyo added 0.2%, Hong Kong rising by 0.6%, Shanghai rises by 0.4%.
Seoul rose by 0.3%.
The Japanese yen is up 0.1% against the US dollar to 113.23 yen per dollar.

The European Union has given the Italian government its official approval for the rescue the bank of Monte di Pesque di Siena in a package worth 5.4 billion euros ($ 6.1 billion).
After months of negotiations, the European Commission has approved the bailout of the bank, which needs help to survive even though regulators have declared it insolvent.
The bank ofMonte di Peschi is the oldest bank in Italy, appealed to the government for help after failing to raise capital from investors in December.

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Daily market review – July 4th 2017

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The price of the oil climbed yesterday for the eighth day in succession, the longest streak in more than seven years, on the back of the first decline in 24 weeks in the number of drilling rigs operating in the US.
The price of oil jumped by 10.7% in the last eight trading days, the longest daily streak since January 2010.

The price of gold fell to a nearly two-month low as the dollar strengthened and Wall Street rallies, which reduced demand for the precious metal as an alternative investment.

The price of the gold closed at $ 1,219.2 per ounce, the lowest close since May 10, after a 1.9% drop on the New York Mercantile Exchange.

The US dollar posted its sharpest daily gain in two months against major world currencies on strong manufacturing data released today in the US.
The US currency went up by 0.6 percent against the Euro at $ 1.1361 per euro, and was climbing by 0.9 percent against the Japanese yen to 113.41 yen per dollar. Against the British pound, the US dollar was adding 0.7% to $ 1.2937 per pound.

Today there will be no trading in the USA on the occasion of the Fourth of July vacation.

Daily market review – July 3rd 2017

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The Asian markets opened the second half of the year in a mixed trend as investment restrictions on Chinese bonds through Hong Kong were removed, and a survey by the country’s central bank showed that global economic confidence has risen to a record high of more than three years.
According to the Central Bank of Japan survey, the manufacturers’ confidence index reached 17 points in May, compared to only 12 points in April.

The price of the Oil records eighth successive day of gains and the metal prices are rising after reports that Chinese factories are growing again.
WTI crude for delivery in August in New York rose BY 0.6% to $ 46.3 per barrel.
The Brent oil for September delivery is up by 0.5% to $ 49 a barrel in London.

In the forex market, the Euro weakened against the US dollar by 0.2% and traded around $ 1.1405 per Euro, while the pound weakened against the US dollar by 0.1% and traded around $ 1.3013 per Euro.