12.09 - traders rejoice seeing the markets grow
It seems that risk hunger is growing bigger and bigger with traders, just like the appetite of a person who was dieting for a long time. Asian markets have not seen a flow of people like this one in a long time, since the whole region was plagued with fears of the trade war. And rightfully so. But now that the talks are being set up, it seems that nothing can stop traders’ interest.
What else can lift our trading spirits up today? Well, I would say the extended growth of the American stock market. The segment is recovering from whatever losses might have been pared by it last week and is even going higher than the previous level. And that all is thanks to Apple – a company that managed to turn the outlook on the market in one day.
Where else do we see the growth? Well, frankly – everywhere. But what truly attracts our attention is oil. Although hold your horses today is you were planning on trading oil. You are going to have to be careful with OPEC sitting down today. And we all know how oil doesn’t like OPEC discussing the pricing policy and the general world output of the crude.
Better turn to precious metals today – this is the real recovering segment. Additions there are pretty strong and pretty big. At least big enough for us to trust precious metals once again. Although we fear what can happen of the USD jumps, just like it demonstrated several times over the years.
Today we can once again focus on growing and expending markets.
Here are the main changes for today:
Topix grew 0.8 percent.
Kospi advanced 0.8 percent.
Shanghai Composite added 0.55 percent.
Hang Seng from Hong Kong decreased 0.3 percent.
S&P 500 futures advanced 0.2 percent.
Dollar rose 0.4 percent against the basket of six major currencies.
Euro is at $1.1014 point which can be called a bit of recovery, but it is still near a week-low point.
Yen fell 0.2 percent – 108.03.
British pound dropped 0.2 percent - $1.2328.
Apple added 3.2 percent - $223.59.
Facebook recovered 1.25 percent – $188.49.
Amazon grew 0.1 percent - $1822.99 per share.
Tesla advanced 4.9 percent - $247.1.
Google shares advanced 1.2 percent - $1220.
WTI grew 0.6 percent - $56.09 per barrel.
Brent added 0.5 percent - $61.13 per barrel.
Gold grew 0.2 percent - $1505.6 per ounce.
Silver grew 0.3 percent - $18.22 per ounce.
Platinum advanced 0.5 percent – $948.94.