Forgot Login?   Sign up  
Please select your page

12.11 - Trump's speech is the main event for today



One of the main events for today is the speech that Donald Trump is supposed to give today at Economic Club of New York. Market makers are going to be there listening to every word coming out of Trump’s mouth hoping that he can drop hints at the future of trade war and trade relations of USA for the nearest future. Investors are ready to hear good news on US-China trade relations and we hope that that is exactly what we are going to get today. Although with Trump you can never be too sure – he might never grease economic at all, knowing his way of speaking.

Investors are also waiting for the final word on the trade war as Donald Trump stated on Friday that he did not agree to roll back Chinese tariffs, despite the fact that Chinese side has already announce the deal as good as done and signed. This is a powerful statement – one that has been making the markets shaky yesterday.

Talks of oil price are coming after all, it seems. Concerns around the world are growing just the same as the prices for oil are. And we are anxious to get to the point where OPEC or OPEC+ counties are going to sit down and discuss concerns of oversupply which is going to lead to the fall in prices for the cure even further.

Will the situation in the market be stable? Well, we certainly hoped for it when we heard about the situation around trade talks. But now there is nothing that we can be sure of. Lest just wait and see what Trump has to say about all of it. Maybe he is going to shed some light on the situation.

Topix grew 0.4 percent.

Kospi grew 0.6 percent.

Shanghai Composite recovered 0.1 percent.

Hang Seng from Hong Kong grew 0.5 percent.

S&P 500 futures added 0.1 percent.

Euro grew 0.1 percent - $1.1034.

Pound surged 0.5 percent - $1.286.

Yen dropped 0.2 percent – 109.22 per dollar.

Canadian dollar was flat - $1.3236.

Tesla grew 2.4 percent - $345.09.

Apple added 0.8 percent - $262.2.

Facebook shed 0.6 percent – $189.61.

Amazon lost 0.8 percent - $1771.65 per share.

Google decreased 0.8 percent - $1298.28.

WTI recovered 0.4 percent - $57.08 per barrel.

Brent added 0.4 percent - $62.44 per barrel.

Gold lost 0.3 percent - $1453 per ounce.

Silver dropped 0.2 percent - $16.77 per ounce.

Platinum grew 0.1 percent– $8777.15.