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4.09 - markets are annoyingly unstable today

21.02.2019

 

Falls are ongoing the most of Asian stocks today. The fall comes amidst the growing concerns on the world economic balance and growth and after US earnings report that showed disturbing numbers and facts. Of course concerns about the global economy couldn’t help but reflect in the performance of Asian segment of the market so that is what we see today. Plus, the fact that American-Chinese talks are nowhere to be seen puts extra pressure on the markets.

The situation in the world is overall sad, so to speak. There is not definite direction. All of the assets are changing price and direction constantly. We were hoping to see growth and something more definite today, but instead got very mixed performance that doesn’t make us want to trade at all today.

Take USD, for example. Yesterday it was climbing higher and higher and the concerns about the overpowered American currency was rising as well. But one bad report has damaged all of the growth and USD fell down. You would think that all of greenbacks’ peers would grow in conditions like that. But no. World markets seem to not be ready for any type of recovery.

This is proved by American stock market. The falls there just stun and hopes to see the growth there is non-existent. Major players are only losing the price and there is no way to tell whether we are going to see recovery any time soon.

On the other hand, we see the growth in oil today. That is good – this commodity has not been displaying any signs of growth for days now and at least some climb gives us something to trade with today. If it wasn’t for some of commodities we would have nothing to trade today.

Here are the disappointing numbers that we can see today:

Topix dropped 0.2 percent.

Kospi grew 0.4 percent.

Shanghai Composite added 0.45 percent.

Hang Seng from Hong Kong flew up by 3.9 percent.

S&P 500 futures advanced 0.7 percent.

MSCI Asia Pacific rose 0.3 percent.

Dollar dropped 0.1 percent against the basket of six major currencies.

Pound grew 0.2 percent - $1.2105.

Euro costs $1.0975.

Yen is at 106.06 per dollar point after having lost 0.1 percent.

Apple lost 1.5 percent - $205.7.

Facebook slipped 1.8 percent – $182.39.

Amazon added 0.8 percent - $1789.84 per share.

Tesla declined 0.3 percent - $225.01.

Google shares decreased 1.8 percent - $1169.55.

WTI added 0.5 percent - $54.2 per barrel.

Brent grew 0.4 percent - $58.47 per barrel.

Gold decreased 0.3 percent - $1550.8 per ounce.

Silver improved its positions by 1.3 percent - $19.49 per ounce.

Platinum grew 1.1 percent – $968.71.