Daily market review – June 8th 2017

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Moderate price rises are recorded on the Asian stock exchanges.
In Hong Kong and Singapore 0.3%, in Shanghai 0.1%.
Tokyo drops 0.4% after weaker-than-expected growth data in Japan.

The growth in Japan is significantly lower than originally estimated.
In the first quarter was much lower than previously estimated, according to government figures.
Japan’s GDP grew at an annual rate of 1%, while the initial estimate was 2.2% growth, with growth of 0.3%

The Japanese yen reported stronger import and export data than forecast for May, despite falling commodity prices, suggesting that its economy is performing better than estimated despite fears of a sharp slowdown.

Imports to China jumped by 14.8 percent in May, after rising 11.9 percent in April, while exports climbed 8.7 percent, both above expectations.
The country’s trade balance fell to $ 40.8 billion, while forecasts projected an increase to $ 46.3 billion.

In the forex markets relaxation – the pound sterling and the Euro are trading almost unchanged.
Euro at $ 1.1258, British pound at $ 1.2954.
Against the yen, the US dollar dropped 0.2% to 109.65 yen.

Daily market review – June 7th 2017

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The Asian markets are trading this morning in a mixed trend.
Tokyo and Hong Kong remain stable, with a slight tendency for declines of up to 0.1%.
Shanghai adds nearly 1% and Singapore is up by 0.2%.

In the markets vigilance is evident ahead of three major events that will affect trading:

1.Britain’s general elections will be held tomorrow.
2.The ECB is expected to publish its policy decision.
3.James Coomy, the dismissed FBI chief, is supposed to testify about his talks with US President Donald Trump on ties with Russia.

The Crude oil, which rose almost by 2% yesterday, keeps to be steady this morning.

The Wall Street markets closed yesterday on declines at the backdrop of tensions in the Persian Gulf.
The Dow Jones Industrial Average fell by 0.2%.
The S&P 500 Index declined by 0.3% and the Nasdaq Composite Index fell by 0.2%.

Daily market review – June 6th 2017

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The trading on the European stock exchanges is going down slightly.
London is down by 0.1%, Frankfurt is down by 0.4%, Paris loses 0.5%.

Investors are looking for a “safe haven” against the background of the US dollar’s slide to its lowest level in eight months and the fall in yields on US government bonds to its lowest level since November.
The yield on US 10-year bonds fell to 2.157% and the price of gold rose by 0.7% to $ 1289.19 per ounce, the highest since April 19.

The trading on the Asian stock exchanges is on the decline as the Japanese yen strengthens.
Tokyo closed down by 1%, Seoul weakened by 0.1%, Hong Kong rising by 0.2%, Shanghai trades unchanged, Singapore is down by 0.1% and Sydney plunged 1.5%.

The Oil traded slightly higher at the backdrop of tension in the Persian Gulf after Saudi Arabia, Egypt, the United Arab Emirates and Yemen yesterday announced the severing of diplomatic ties with Qatar.

Daily market review – June 5th 2017

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Will Britain’s elections shake the markets?
After Wall Street and the European stock exchanges broke records last week, the trading will take place this week at the backdrop of Britain’s upcoming elections, as well as a host of macroeconomic data.

On Friday, Wall Street closed at a high on expectations of an interest rate hike in the US, despite a disappointing employment report.
In Europe, the stock exchanges in London and Frankfurt broke records, while the sterling fell in the wake of polls ahead of Thursday’s election in Britain.

On Wall Street, the reporting season is coming to an end as all major companies have already published their first quarter reports, and trading will be affected by macroeconomic data to be released this week in the US, including consumer credit, factory orders and wholesale inventories. GDP for the first quarter.
On the same day the ECB will announce its interest rate decision.
According to all assessments, interest rates in the euro zone are expected to remain unchanged at a record low.

Daily market review – June 2nd 2017

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The trading on the European stock exchanges opened with price hikes as investors’ eyes are on the US, where the employment report will be released today.
Most forecasts suggest that the US economy added 180,000 jobs in May, but after yesterday’s ADP private sector employment report surprised, some economists expect a positive surprise today.
The ADP Private Sector Employment Report indicated an addition of 253,000 jobs to the private sector, a figure significantly higher than analysts’ forecasts of only 185,000 jobs.

The Euro strengthened against the US dollar by 0.1% and traded around $ 1.1222. The British pound is down 0.1% against the dollar and is trading around $ 1.2866.

The trading in Asian stock exchanges was conducted with price hikes, and Tokyo crossed the 20,000 mark
Tokyo rose by 1.8%, Hong Kong adds 0.3% to its value, Shanghai was up by 0.1%, Sydney rose by 0.9% and Seoul gained 1.2%.

Daily market review – June 1st 2017

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Wall Street indexes closed slightly lower after a mixed macroeconomic data released in the US, but completed the best month since February, as banks and energy stocks led yesterday’s falls on Wall Street.

This morning, the Asian stocks are trading on a mixed note and the Tokyo Stock Exchange is up 1%.
Shanghai is losing 0.5% after a drop in factory activity in China for the first time in a year.
Hong Kong is up 0.3%, Seoul is down 0.1%, and Sydney is up 0.1%.

The Japanese yen weakened 0.1% to 110.4 yen.

The activity of factories in China shrank in May for the first time in a year, according to the purchasing managers’ index of Kaixin.
The index fell to 49.6 from 50.3 in April.
Each level below 50 points reflects a contraction in production.

Daily market review – May 30th 2017

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The French economy continues to gain momentum. The French economy grew at a faster rate than initial estimates in the first quarter of the year, but still has a low growth rate relative to its neighbors to the Euro zone.
French Statistics Insee reported today that France’s GDP grew by 0.4% in the first quarter, compared with an initial estimate of 0.3% growth.

The European interest rates will remain at a record low despite the recovery of the Euro zone economy, as the recovery is still not sustainable, ECB President Mario Draghi said in a speech at the European Parliament.
He explained that inflation should stabilize around 2% and that productivity should grow until the interest rate rises.

Daily market review – May 26th 2017

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Inflation data released today in Japan slightly disappointed investors.
According to data from the Ministry of the Interior and Communications in the country, the core price index, which excludes fresh food, rose in April at an annual rate of 0.3%.
While the figure represents an improvement from March, when the index rose by 0.2%, the Nikkei published a survey of analysts who predicted that core inflation in the country would rise by 0.4%.

Wall Street indexes closed yesterday with a rise for the sixth day in a row after a strong financial reports from Sears and Best Buy, and US jobless claims fell to a nearly 50-year low.

In the foreign currency market, the US dollar traded against the Euro without appreciating significantly around $ 1.1212 per euro, while the pound fell by 0.5% to a two-week low and traded around $ 1.2879 per pound.

Daily market review – May 24th 2017

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The trading on Asian markets ended with a rise.
Tokyo rose by 0.6%, Hong Kong and Shanghai were locked unchanged.
Singapore rose by 0.2%,South Korea strengthened by 0.2% and Sydney rose by 0.2%.

Moody’s downgraded its credit rating to China on the grounds that the nation’s economic outlook had deteriorated as a rise in debt and slower growth.
Industrial metals prices are down following the downgrade to China.
Iron ore futures on the Chinese Dalian Stock Exchange are down by 5.6% to 452 yuan per tonne.
Nickel is down by 2.4% to $ 9,125 per tonne on the London Metal Exchange (LME).

The price of the oil is rising towards the opening of the OPEC conference tomorrow in Vienna.
The WTI is up by 0.3% to $ 51.6 a barrel.
The Brent crude is up by 0.4% to $ 54.3 a barrel.

The US dollar is stable against the major currencies. The Euro was trading at a low of $ 1.1178.
The pound is trading at $ 1.2972, and the US dollar is up against the Japanese yen by 0.1% to 111.91 yen per dollar.

Daily market review – May 23rd 2017

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Wall Street markets is trading with a rise for the fourth day in a row.

Some economic news from the US:

Philadelphia Fed non-manufacturing index falls in May.
The Philadelphia Federal Reserve said on Tuesday its barometer of non-manufacturing business activity in the U.S. Mid-Atlantic region fell to its lowest level so far in 2017 in May, led by declines in new orders and employment.

The regional bank of the Fed said its index on business activity at services companies in the region fell to 25.8 points, the lowest since November 2016 when it was 16.8. It was 34.9 points in April.

U.S. New-Home Sales Fell More Than Expected in April.

Single-family home sales decreased by11.4%to a 569,000 annualized pace (median forecast called for a 610,000 rate)
The median sales price of a new house dropped by 3.8% from April 2016 to $309,200
Supply of homes rose to 5.7 months, the highest since September 2015, from 4.9 months; there were 268,000 new houses on the market at the end of April, most since July 2009
Key Takeaways

While new-home sales only account for about 10 percent of the residential market, the broader housing picture has remained bright with solid job growth and modest boosts to wages.