Blog newsLatest News
In Switzerland, the Davos World Economic Forum has started. This time, the agenda includes debates on corporate responsibility to society. The moods in the markets in the beginning of the week are still up due to the conclusion of a trade agreement between the United States and China. Demand for risky assets remains high: risk indicators are showing a slow start in the context of overbought equity markets. The protection instruments are ready to anticipate the likely change in market moods.
The Fitch agency has published its forecasts for global economic growth for this year estimated at 2.6% vs 2.5% previously forecast.
In the United States, trading platforms are closed today due to Martin Luther King Day. Nevertheless, electronic transactions are in progress: the futures contracts for the main American indices lost 0.1% (Dow Jones) and 0.2% (S&P 500).
This afternoon, the European indexes display a multidirectional dynamic. The DAX index reached 13 545.55 p. (+ 0.14%), the CAC 40 index reached 6 090.51 p. (-0.17%) and the FTSE 100 index reached 7 661.47 p. (-0.17%).
In China, the Shanghai Composite index rose by 0.5% without being able to go further. The Nikkei index was up 0.2%. The weakening of the Japanese yen reached its lowest level in 8 months which is affecting stock prices. Australian ASX index rose by 0.3% despite natural disaster as restoration work will require additional efforts from the country’s industry, as well as Reserve Bank of Australia will improve return rate of the capital of national companies.
In the Middle East, the Libyan national army has closed oil pipelines that transport oil from southwest of Libya which could cut country supplies by 90%. Libyan oil volumes could easily be offset by other suppliers, but oil in Libya is light. As a result, its deficit can lead to supply disruptions at a number of refineries. This afternoon, Brent reached $ 65.36 (+ 0.79%), WTI: $ 58.97 (+ 0.67%), gold: $ 1,559.7 (-0.04%), copper : $ 6,284.3 (+ 0.18%), nickel: $ 13,965 (+ 0.40%), palladium: $ 2,289.8 (+ 2.92%).
As for the raw materials market, palladium continues to increase in value. Today, its price has reached $ 2 286, a new record. The increased demand for palladium comes from the automotive industry. The supply deficit for palladium is growing and its production is declining. One of the world’s major producers of palladium – South Africa – has reported a decline in production of platinum. In November, this metals group, which includes palladium, posted a production decrease of 13.5% y/y while the global demand for palladium increases by 30% per year. The agreement signed between China and the United States has also boosted palladium prices. In China, new requirements for automotive emission standards are coming into effect, which could push up palladium prices.
The current market climate is cloudy. The Federal Reserve has not yet confirmed that it is ready to lower the rate as macroeconomic data do not indicate an immediate threat of recession. The week looks calm. Trade negotiations between the United States and China are...read more
At the beginning of the week, market volatility could be quite low, as investors will not open aggressive positions before the Fed meeting. A new week in Asia began in the red, although negotiations between the United States and China on trade issues began Monday. In...read more
US indices continue to increase. On the other hand, Boeing Co. (-3.12%) experienced losses in the second quarter due to a problem with the B737 Max8. Caterpillar lost 4.48%. The United Parcel Service report showed an increase of 8.66%. IHS Markit's production PMI...read more
The US indexes closed yesterday in green zone because of next week negotiations between the United States and China. The IMF has further reduced global economic growth forecasts to 3.2 percent for this year from previously forecast 3.3 percent. In the United States,...read more
US indexes are up since yesterday. The technology sector is the winner. Apple's shares rose by 2.29% in the context of an increase in Morgan Stanley's recommendations. Oilfield service Haliburton Co. (+ 9.15%) outperformed due to strong demand for services...read more
Today, US indices are rising. The S&P 500 index reached 2984 p. (+ 0.26%) and the Nasdaq 100 index reached 7879 p. (+ 0.42%). According to Chinese media reports, Chinese companies are insisting on increasing purchases of US agricultural products, mainly soy,...read more
According to statistics, to date, no Federal Reserve rate cuts are necessary. In July, the manufacturing index of the Philadelphia Fed rose to 21.8 p. vs 0.3 p. in June. As a result, two key regional indices, including the New York Fed's manufacturing activity index,...read more
This morning, the shorting mood dominated European markets. The high tech sector recorded the largest decline, as a reaction to the weak growth in Netflix subscribers. The disappointing results in the balance sheet of the SAP prompted a drop in its shares of 7%. This...read more
Tonight, the S & P 500 index is down after reaching its historic high a few days ago and is currently traded at nearly 2998 p. The European index STOXX 600 lost 0.37%. In the United States, the indexes fell slightly after Donald Trump's statement on the...read more
Fed Chairman Jerome Powell's report has convinced the markets that by July 31 the rate would be reduced. As a result, yesterday, the S & P500 index exceeded 3,000 p. The Dow Jones Industrials Average Index for the first time in its history has surpassed 27 000 p....read more
The US indexes are down. US statistics are controversial : the rise in the cost of housing accelerated in April to 5.2% vs 4.9% in March. In May, new home sales fell by 7.8%. The yield on 10-year US Treasury bonds reached 2.005%. Yesterday, at the end of the day, the...read more
In the United States, the indexes displayed a multidirectional dynamic. Trump has announced new "harsh" sanctions against Iran which has affected the market. The US and Chinese delegations hold consultations before the G20 summit, but there has been no leakage of...read more
US indices are on the rise. Investors were not scared by the threats of D. Trump ready to hit Iran in response to the drone shot. The optimism came from the large number of Fed officials who admitted to a rate cut. As a result, markets have embraced the potential that...read more
The yesteday’s Fed meeting was the main event for the US market. Its final statement indicates that the labor market remains strong and the economy has picked up moderately. However, inflation forecasts were reduced to 1.5% by the Core PCE vs 1.8% forecast. J. Powell...read more
Yesterday, at the end of the day, the DJIA index rose by 1.35% and reached 26,465.54 p. and the S & P 500 index rose by 0.97% to 2917.75 p. The yield on 10-year US Treasury bonds reached 2.075%. Trump's statement about a productive telephone conversation and...read more
The prospect of a more flexible Federal Reserve policy makes high-yield risky assets more attractive. This morning, the 10-year US Treasury yield fell by 2.025%. In May, the number of building permits issued in the United States increased by 0.3%, while the number of...read more
Since Friday, US indexes have lost 0.1%. Futures contracts for US indexes were traded slightly above closing levels of last Friday. Asian market indexes show multi-directional dynamics. Asian markets continue to react to Friday's data on Chinese industrial production,...read more
This week, the global markets were marked by negative factors as the fear of a slowdown in global growth, risks related to the continuation of the trade war, oil prices decrease to $ 61 per barrel of Brent. Positive factors include stronger US monetary easing and the...read more
In the United States, the market has been falling for over two days. D. Trump's ambiguous messages did their job. According to data from the derivatives sector, the probability of a rate cut in July is around 80%. Regarding producer inflation in the United States in...read more
Yesterday, US stock indexes ended the day in red zone. Trump demanded again that the US central bank act immediately downward on the dollar. In Europe, the day started with « shorting ». The British FTSE 100 index fell by 0.36% and reached 7,371.57 p. The German index...read more
Since yesterday, the US market has been rising thanks to Washington's decision to defer the adoption of 5% duties on all Mexican exports to the United States, as the parties have agreed to further Mexico's share in the field of controlling illegal emigration....read more
European indexes started the day in the red, but the situation recovered slightly with the rise of futures for the main US indexes. Eurozone statistics have been quite controversial. The unemployment rate declined in April to 7.6%, while expectations were maintained...read more
Last week, the US stock market index S & P 500 fell from 2826.06 p. to 2752.06 p. The source of the problems on the financial markets is the US foreign policy. As of June 10, all Mexican exports to the United States will be taxed at 5%. If Mexico does not stop the...read more
Yesterday, US indexes ended the day upwards, but after the session ended, international trade received another blow: Trump announced a 5% tariff increase on all products from Mexico . According to him, tariffs will increase until the problem of illegal emigration is...read more
Yesterday morning, the US market started the session upwards, but at the end of the day, the market was again in the red zone. The situation in the US domestic economy has been the bearish factor. In March, housing prices in the 20 largest urban centers rose only by...read more
Today, the futures on the S & P 500 index rose by 0.2%, thanks to the elections to the European Parliament, which did not change the status quo. US government bond yields have not moved and remain under pressure since last week. Yesterday, the dollar rose during...read more
The trade war continues to threaten global markets including the US market. China is preparing for a prolonged confrontation, using the loyalty of the population to limit the sales of American products. In the UK, Brexit negotiations led to the resignation of Theresa...read more
Obviously, Trump is trying to accelerate the onset of the crisis in order to successfully overcome it before the next election. The US diplomacy proposed to Beijing such conditions that make it difficult to continue negotiations. Global markets are preparing for a...read more
Today, Asian indices are down, the price of Brent is approaching $ 70 per barrel, while commodity currencies are weakening against the US dollar. Nevertheless, the markets do not show any aggressive dynamics. US indices are down. The minutes of the Fed meeting did not...read more
Today, the US market is rising, one of the causes is the temporary authorization granted to Huawei to work in the United States. As a result, rising shares of chip makers have largely contributed to the dynamics of US indices. The reporting season in the United States...read more