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17.03 - markets are feeling no effect from Fed stimulus

15.02.2019

 

Asian stocks are doing… fine. As weird as that sounds but after a failed stimulus for Wall Street, Asian segment of the market improved its performance. Some of the most popular Asian names have increased in price unlike their European and American counterparts. But this is hardly a recovery or a sign or investors being hungry for risk. No, we have plenty of risk right now. It is a natural process of traders’ and investors’ attention shifting towards something else other than failing American markets.

 

As we have already stated, the stimuli from the American government have failed to have an effect on the overall situation in the markets. American stocks keep on falling with TSLA and APPL taking the biggest hits. I would argue that AMZN is going to see some profits due to its delivery policy. With people restricted from going out, ordering a delivery is going to become even more popular and demanded.

 

Dollar is growing once again, which means that gold is going to lose per-ounce price. The biggest tumble was taken by silver that sank below $13 per-ounce point today. Oil is trying to recover, but if Russia and Saudi Arabia are not going to make peace in the nearest future, then we are going to be in serious trouble.

 

In general it is better to stay off trading for the time being. If you want, you can follow the performance of the markets. But, if trading, stay together with safe havens and do not go off trading risker assets like euro, pound and shares.

 

Here are the numbers for the day:

 

Topix added 2.6 percent.

Kospi decreased 2.4 percent.

Shanghai Composite dropped 0.65 percent.

Hang Seng from Hong Kong grew 0.3 percent.

S&P 500 futures added 3.45 percent.

Euro recovered 0.1 percent - $1.1158.

Pound dropped 1.2 percent - $1.2223.

Yen decreased 0.25 percent – 106.63 per dollar.

Canadian dollar lost 0.8 percent - $1.3994.

Tesla decreased 18.6 percent - $445.07.

Apple lost 12.9 percent - $242.21.

Facebook declined 14.25 percent – $146.01.

Amazon shed 5.4 percent – $1689.15 per share.

Google is by 11.6 percent lighter - $1073.

WTI added 4.1 percent - $29.89 per barrel.

Brent advanced 3.3 percent - $30.73 per barrel.

Gold dropped 2 percent - $1483.9 per ounce.

Silver shed 1.5 percent - $12.71 per ounce.

Platinum lost 0.9 percent – $659.34.

Palladium dropped 0.4 percent - $1610.5 per ounce.