7.11 - situation in the markets becomes more unclear
One could have noticed that optimism at Asian markets is a bit decreased today with all of the major names that were growing just yesterday dropping their price and investors fleeing from them. That is the result of delaying of signing the trade deal. Officials say that the signing of the first stage conclusion of negotiations might be delayed until December. Of course this doesn’t add insurance for traders who prefer to deal with stable instruments, hence with something far away from Asia at the moment.
Currency market is not doing so well either. Although dollar didn’t exactly display phenomenal strength and did exactly surge against the major peers, we see that euro and pound are losing their price as if USD is growing quite rapidly. This, of course, can’t help but make us very cautious, especially ahead of the Economic Forecast report coming from EU today.
It is easy to imagine that euro is not going to do so well today because of this very report. After all, how good can a situation be in the region that is about to lose one of their most important member and where the economies of the founding countries are displaying numbers worse and worse each quarter?
GBP is also not doing so well with so many important data coming its way. Well, I suppose declines to the currency market had to come sometime. And today is as good a day as any.
American stock market is also going a little bit awry today. Mixed performance from the major names is given to us with Apple losing price and Tesla gaining it. Right now it is hard to say why this is happening, but we looking forward to hearing a reason for such a behavior in the segment.
Here are the main changes for today:
Topix barely moved.
Kospi dropped 0.1 percent.
Shanghai Composite dropped 0.2 percent.
Hang Seng from Hong Kong declined 0.3 percent.
S&P 500 futures didn’t change.
Euro declined 0.1 percent - $1.1061.
Pound lost 0.3 percent - $1.2847.
Yen recovered 0.3 percent – 108.73 per dollar.
Canadian dollar decreased 0.25 percent - $1.3194.
Tesla grew 2.95 percent - $326.58.
Apple barely moved - $257.24.
Facebook dropped 1.4 percent – $191.55.
Amazon lost 0.3 percent - $1795.77 per share.
Google was flat - $1291.01.
WTI was barely changed - $56.36 per barrel.
Brent wasn’t changed much - $61.73 per barrel.
Gold dropped 0.1 percent - $1492.3 per ounce.
Silver was unchanged - $17.61 per ounce.
Platinum grew 0.1 percent– $930.23.