9.09 - recovery is truly miraculous today
Today we can let ourselves have a real treat – we can see that almost all of the assets that are of interest to us are extending their performance from last week. Seeing at least some kind of consistency really gives us hope for the future of trading where even talks about resolving the trade war can do miracles like we are seeing today.
Of course it can be said for both – Asian and American markets as we can see that recovery extends itself for both of the segments of the market. It is also true for commodities and currencies, so it is an overall recovery.
But there are for sure assets which are not subjected to recovery because of the tough political situation in the countries carriers of the assets. For example, GBP – this currency has had its winning moment last week. Now it is time for it to see the selloff which comes as a result of political turmoil in the country and the need for another postponing of Brexit.
Commodities are gaining. Oil keeps on with the climb and precious metals are a real treat today.
All and all I can say only this – it is better to enjoy the growth now as the fall is going to come soon enough.
Here are the numbers for today:
Topix grew 0.8 percent.
Kospi grew 0.6 percent.
Shanghai Composite added 0.7 percent.
Hang Seng from Hong Kong rose 0.1 percent.
S&P 500 futures advanced 0.2 percent.
MSCI Asia Pacific rose 0.4 percent.
Dollar was barely changed against the basket of six major currencies.
Euro barely moved - $1.1027.
Yen is at 106.86 per dollar point.
GBP declined 0.1 percent - $1.2268.
Apple was flat - $213.26.
Facebook lost 1.8 percent – $187.49.
Amazon dropped 0.4 percent - $1833.51 per share.
Tesla decreased 0.9 percent - $227.45.
Google shares lost 0.5 percent - $1206.32.
WTI grew 1 percent - $57.1 per barrel.
Brent added 0.9 percent - $62.07 per barrel.
Gold increased 0.2 percent - $1517.9 per ounce.
Silver added 0.1 percent - $18.15 per ounce.
Platinum grew 0.2 percent – $952.1.