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18.11 - there is nothing important planned for today. Enjoy a slow day.

11.02.2019

 

The week starts off at a very calm note. We have nothing to look forward to today – no reports, no testimonies, nothing. We can focus on bare performance of the market, not driven by anything but sheer will of traders and investors. Of course, it is a little bit unusual, as we got used to looking forward to something in the day, and today we are the markets makers. That is the feeling to get used to.

Today we can enjoy a slow start of the week where our judgement is not going to be clouded by miscellaneous events. Today we can truly see markets for themselves. For example, we can see that the movement of oil is a positive one. After the recoveries, that started in the end of last week, we were not hoping to see the growth. But here it is.

Maybe oil is growing with trading world expecting IPO of the most profitable company ever – Saudi Aramco? It is expected to be ground and record breaking with $1.7 trillion market cap. That is a new number for us to see in the markets and we are waiting for the company to get all of the attention it deserves. Of course it is going to bring certain changes to the oil market, but maybe it is exactly what the segment needs after all.

Dollar seems to be more or less steady after last week’s surge. There is growth for euro and pound which we are happy to see after last week. And the decline in yen is a good sign – people are ready to step aside from safe havens and pay attention to other currencies, which can be a signal about the improving situation in the markets and in the world.

American stock market sees mixed performance from major names and we are hoping that it is going to improve during the week. After all, Apple and Tesla displayed uncanny growth last week and we would like to get some more of that for our benefit.

Here are the numbers for the first day of trading this week:

Topix added 0.1 percent.

Kospi lost 0.2 percent.

Shanghai Composite increased 0.6 percent.

Hang Seng from Hong Kong recovered 1 percent.

S&P 500 futures was unchanged

Euro recovered 0.1 percent - $1.106.

Pound grew 0.1 percent - $1.2926.

Yen decreased 0.05 percent – 108.82 per dollar.

Canadian dollar was flat - $1.3217.

Tesla increased 0.8 percent - $352.17.

Apple added 1.2 percent - $265.76.

Facebook grew 1 percent – $195.1.

Amazon lost 0.9 percent - $1739.49 per share.

Google advanced 1.8 percent - $1334.87.

WTI recovered 0.1 percent - $57.77 per barrel.

Brent was barely changed - $63.31 per barrel.

Gold declined 0.2 percent - $1465.7 per ounce.

Silver shed 0.5 percent - $16.87 per ounce.

Platinum added 0.1 percent – $891.3.