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23.07 - the world is waiting for GB Prime Minister elections

1.03.2019

 

Trading today looks as if it was put up to a mirror meaning – almost all of the assets reversed their movement. Asian markets where almost all of the major players were dropping price yesterday are now all colored green and we can enjoy some of the growth and gains. The same effect can be seen in the other segments of the market like in equities and shares.

Dollar maintained its balance and its gains for today which is a good thing for us but a bad for other currencies. Especially it is bad for pound – Great Britain is waiting for the election of the new Prime Minister and we fear that it is going to be Boris Johnson – one of the most passionate and dedicated pro-Brexit politicians in all of UK. Of course this perspective not only scares us. It also scared traders who seemingly do not want to deal with pound today hence the selloff. Euro is also falling.

But do not worry. If we lost the possibility to earn in currency market, we gained it in American tech and social shares. Yesterday we saw the major positions lose numbers, but today recovery is the word that best describes what is going on in the segment of the market. Will it last though? That can be answered only with time.

Oil and other commodities do not go in the same directions with oil keeping on with gaining points and gold and other precious metals today went into the loser territory. All that is left for us it to wait for the recovery.

Here are the main positions today:

Topix grew 1 percent.

Kospi added 0.5 percent.

Shanghai Composite grew 0.1 percent.

Hang Seng from Hong Kong recovered 0.2 percent.

S&P 500 futures grew 0.1 percent.

Dollar added 0.2 percent against the basket of six major currencies today.

Euro costs $1.1191.

Pound drooped 0.2 percent - $1.2456.

Yen is lighter by 0.3 percent – 108.14 per dollar.

Apple grew 2.3 percent - $207.22.

Facebook advanced 2 percent – $202.32.

Amazon added 1.1 percent - $1985.63 per share.

Tesla dropped 1 percent - $255.68.

Google grew 0.7 percent - $1139.21.

WTI added 1.1 percent - $56.22 per barrel.

Brent grew 0.1 percent - $63.32 per barrel.

Gold slipped 0.7 percent - $1417.1 per ounce.

Silver dropped 1 percent - $16.25 per ounce.

Platinum lost 0.5 percent – $844.14.