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9.01 - markets rise as tensions ease

18.03.2019

 

The situation in the world is de-escalating pretty quickly. It can be seen by a rapidly recovering Asian segment of the market as well as slipping prices for oil. That is what we have been telling you about – as soon as tensions between Iran, Iraq and USA were going to die out, oil would lose its attractiveness for traders and we would see it fall down pretty quickly.

 

So, what can we learn from all of this? Well, we can certainly learn that military crisis does not always mean death for the markets. Even in dire situation like we saw for the last several days can be overlooked in favor of trading and keeping assets afloat. Surely, we did have several scares and several difficult days, but all of this just hardened our spirit and our faith in the markets.

 

What do we pay attention to today? Well, stock in the USA are pretty good, with TSLA threatening to breach $500 per shares for the first time in company’s history. Will we see it go beyond this point soon? Sure. If the stock is going to maintain its pace, then we ae going to see it go beyond this historic point in a couple of days. In general, all the major stocks are doing pretty good. Except for the losing Amazon.

 

Currencies today are very weak. Seems that yesterday’s speech of Donald Trump has really given traders a boost and some faith in the greenback which will now rise even higher – the currency had a pretty good spike last night, but whether or not it will maintain the uptrend is still to be seen.

 

It is good – we still have couples and assets to trades, we just have to takes a deep breath and try and find them among this crisis.

 

Here are the major changes for today:

 

Topix recovered 1.8 percent.

Kospi grew 1.1 percent.

Shanghai Composite added 0.7 percent.

Hang Seng from Hong Kong increased 1.3 percent

S&P 500 advanced 0.2 percent.

Dow Jones declined 0.8 percent.

Euro lost 0.3 percent against the greenback - $1.1116.

Pound declined 0.1 percent - $1.3118.

Yen lost 0.9 percent – 109.3 per dollar.

Canadian dropped 0.4 percent - $1.3036.

Tesla added 4.9 percent - $492.14.

Apple grew 1.6 percent - $303.19.

Facebook grew 1 percent – $215.22.

Amazon dropped 0.8 percent - $1891.97 per share.

Google advanced 0.8 percent - $1404.32.

WTI grew 0.05 percent - $59.98 per barrel.

Brent dropped 0.1 percent - $65.8 per barrel.

Gold decreased 0.1 percent - $1554.8 per ounce.

Silver shed 0.9 percent - $17.91 per ounce.

Platinum added 0.2 percent – $953.01.