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30.07 - markets are waiting for trade war to be resolved

14.02.2019

 

Asian stocks are clearly waiting for at least some progress in American – Chinese talks which are going to take place very soon. It is clear the optimism is the emotion ruling the markets today. It seems that traders count on the fact that the two sides of the conflict are ready to resolve their issues and finally end the trade war, but as we all know Americans have not been so easy on letting the situation go and we are now suffering because of their stubbornness in international politics.

On the other side of the globe earnings reports are also bringing their share of changes onto the field. And the changes are not only reflected in the shares’ performance themselves. Traders also fear for the future of the currencies, carried by the countries hosts of the companies so it is totally possible that the fall in apple or Facebook – the latter we actually see today – can be damaging to USD itself.

Yen gives us a lot of possibilities to worry as we are waiting for major reports to hit the public today. There were also reports that it is possible that interest rates of the county are going to see alteration which is also going to bring changes into the performance of Japanese currency. All of the additional information that we need to trade JPY is going to come during the day today.

Of course we need to look for the possibilities to earn today and luckily we are given such a possibility with commodities. Oil and precious metals are bringing us joy like no other asset today. And it is all due to the greenback that hasn’t been moving all that much. Of course there is no guarantee that dollar is not going to grow with traders trying to flee from the turbulence on JPY which would of course start pushing on the commodities but right now it is better to focus on the growth.

Here are the major shifts for today:

Topix grew 0.2 percent.

Kospi recovered 0.6 percent.

Shanghai Composite advanced 0.4 percent.

Hang Seng from Hong Kong grew 0.25 percent.

S&P 500 futures added 0.1 percent.

MSCI Asia Pacific rose 0.3 percent.

Dollar grew 0.1 percent point against the basket of six major currencies.

Euro costs $1.1142 – little changes.

Yen has the price of 108.66 per dollar.

Pound is down by 0.5 percent - $1.216. British currency skipped 1.3 percent yesterday which was the biggest drop in 5 months.

Apple added 0.9 percent - $209.68.

Facebook lost 1.9 percent – $195.94.

Amazon slipped 1.6 percent - $1912.45 per share.

Tesla grew 3.4 percent - $235.77.

Google lost 0.3 percent - $1241.84.

WTI added 0.6 percent - $57.2 per barrel.

Brent grew 0.6 percent - $64.07 per barrel.

Gold grew 0.2 percent - $1436.4 per ounce.

Silver added 0.1 percent - $16.45 per ounce.

Platinum’s decreased 0.1 percent – $879.54.