20.01 - markets are pretty calm today
Last week was very turbulent and brought a lot of changes and a lot of news. But the first day of trading for this week is not nearly as disturbing for our trading as it could be. The markets seem pretty calm and there is moderate growth for almost all assets groups, which can’t help but bring a smile to my face – finally there is a choice with what to earn.
After all, one of the biggest problems with trade war was the fact that it cut our possibilities to earn. It not only affected Asia itself, but America too. Of course, the consequence of trade war cannot go away that fast. There is still a ton of consequence that we have to deal with until Chinese economy can recover from the losses. Of course, Chinese are already saying that they are going to be able to stabilize their economy and industrial growth this year. Well, we’ll see.
Another interesting matter is the currency market. Dollar is more or less stable, but euro and pound are trying to breakout, seeing the greenback calm. Although there are attempts to lead EUR/USD and GBP/USD charts higher, they are not exactly successful even though there is some moderate growth for both of the currencies against American dollar.
We can also look towards American stock market. There TSLA stock was the biggest surprise last week, but right now it is losing its rapidly gained positions by losing for several days in a row. We are waiting for TSLA to recover and to start its gains just like its counterparts in the American stock market with green dominating there.
Commodities are also posting moderate gains. Oil is growing and so do precious metals as well. All in all, today we have plenty of assets to choose from.
Here are the main changes for today:
Topix increased 0.6 percent.
Kospi recovered 0.6 percent.
Shanghai Composite added 0.4 percent.
Hang Seng from Hong Kong declined 0.7 percent
S&P 500 wasn’t changed that much.
Euro grew 0.1 percent - $1.1099.
Pound was flat - $1.2995.
Yen decreased 0.1 percent – 110.17 per dollar.
Canadian dollar wasn’t changed that much - $1.306.
Tesla decreased 0.6 percent - $510.5.
Apple added 1.1 percent - $318.73.
Facebook increased 0.2 percent – $222.14.
Amazon lost 0.7 percent - $1864.72 per share.
Google advanced 2 percent - $1479.52.
WTI increased 0.7 percent - $59.15 per barrel.
Brent is by 0.8 percent higher - $64.54 per barrel.
Gold advanced 0.3 percent - $1562.16 per ounce.
Silver jumped 0.55 percent - $18.09 per ounce.
Platinum added 0.8 percent – $1029.33.