Index | Change items | Closing price | % change |
Nikkei | -18.43 | 22644.31 | -0.08% |
TOPIX | -1.34 | 1744.71 | -0.08% |
CSI 300 | -54.36 | 3314.51 | -1.61% |
KOSPI | +1.29 | 2301.45 | +0.06% |
FTSE 100 | +58.17 | 7776.65 | +0.75% |
DAX | -14.65 | 12633.54 | -0.12% |
CAC 40 | -19.41 | 5501.90 | -0.35% |
DJIA | -45.16 | 25583.75 | -0.18% |
S&P 500 | -0.75 | 2857.70 | -0.03% |
NASDAQ | +4.66 | 7888.32 | +0.06% |
Pare | Closed | % change |
EUR/USD | $1,1613 | +0,15% |
GBP/USD | $1,2886 | -0,36% |
USD/CHF | Chf0,99245 | -0,34% |
USD/JPY | Y110,91 | -0,41% |
EUR/JPY | Y128,81 | -0,26% |
GBP/JPY | Y142,928 | -0,81% |
AUD/USD | $0,7434 | +0,22% |
NZD/USD | $0,6704 | -0,44% |
USD/CAD | C$1,30169 | -0,33% |
The major US stock markets closed mixed, as the fall in crude oil prices put pressure on energy companies, and offset the growth of the technology sector and the conglomerate sector. The pressure on the market also exerted uncertainty related to the situation in the trade.
Investors also continued to analyze corporate reporting. Most companies have already reported on the results for the last quarter.
Oil prices fell by about 3.5% after the data on China's imports underscored the continued slowdown in demand from the largest consumer. However, evidence of the fall in oil reserves in the US and the introduction of Iranian sanctions provided some price support. Imports of crude oil by China rebounded slightly in July after falling during the previous two months, but it was still one of the lowest this year due to a decrease in demand from small independent refineries in the country. Deliveries of crude oil to China in July amounted to 36.02 million tons or 8.48 million barrels per day, an increase from 8.18 million barrels per day a year earlier and from 8.36 million barrels a day in June, customs data showed.
Components DOW completed the auction mixed (15 in positive territory, 15 in negative territory). The leader of growth was the shares of McDonald's Corporation (MCD, + 1.85%). Outsider were shares of The Walt Disney Company (DIS, -2.21%).
Most S & P sectors recorded a decline. The largest drop was shown by the sector of industrial goods (-0.5%). The sector of conglomerates grew most (+ 0.3%),
At closing:
Dow 25,583.75 -45.16 -0.18%
S&P 500 2,857.70 -0.75 -0.03%
Nasdaq 100 7,888.33 +4.66 +0.06%
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.4 million barrels from the previous week. At 407.4 million barrels, U.S. crude oil inventories are about 1% below the five year average for this time of year.
Total motor gasoline inventories increased by 2.9 million barrels last week and are about 4% above the five year average for this time of year. Finished gasoline and blending components inventories both increased last week.
Distillate fuel inventories increased by 1.2 million barrels last week and are about 10% below the five year average for this time of year. Propane/propylene inventories increased by 0.1 million barrels last week and are about 13% below the five year average for this time of year. Total commercial petroleum inventories increased last week by 3.3 million barrels last week.
U.S. stock-index futures fell slightly on Wednesday, as concerns over escalating trade tensions between the U.S. and China overshadowed a strong second-quarter earnings season.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 22,644.31 | -18.43 | -0.08% |
Hang Seng | 28,359.14 | +110.26 | +0.39% |
Shanghai | 2,745.11 | -34.26 | -1.23% |
S&P/ASX | 6,268.50 | +14.60 | +0.23% |
FTSE | 7,771.32 | +52.84 | +0.68% |
CAC | 5,513.39 | -7.92 | -0.14% |
DAX | 12,650.56 | +2.37 | +0.02% |
Crude | $68.19 | | -1.42% |
Gold | $1,215.40 | | -0.24% |
(company / ticker / price / change ($/%) / volume)
ALCOA INC. | AA | 42.02 | 0.05(0.12%) | 7861 |
Apple Inc. | AAPL | 206.38 | -0.73(-0.35%) | 119759 |
Barrick Gold Corporation, NYSE | ABX | 10.76 | -0.03(-0.28%) | 47931 |
Boeing Co | BA | 350.77 | 0.01(0.00%) | 7765 |
Chevron Corp | CVX | 123.96 | -1.22(-0.97%) | 285 |
Exxon Mobil Corp | XOM | 80.93 | -0.34(-0.42%) | 13877 |
Facebook, Inc. | FB | 184 | 0.19(0.10%) | 91854 |
Ford Motor Co. | F | 10.07 | -0.01(-0.10%) | 25799 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 15.31 | -0.05(-0.33%) | 9243 |
Google Inc. | GOOG | 1,243.11 | 0.89(0.07%) | 2142 |
Google Inc. | GOOG | 1,243.11 | 0.89(0.07%) | 2142 |
Intel Corp | INTC | 49.68 | -0.02(-0.04%) | 14891 |
Johnson & Johnson | JNJ | 131.5 | 0.04(0.03%) | 368 |
JPMorgan Chase and Co | JPM | 117.4 | -0.15(-0.13%) | 6087 |
Microsoft Corp | MSFT | 108.65 | -0.23(-0.21%) | 17650 |
Pfizer Inc | PFE | 40.71 | -0.13(-0.32%) | 8682 |
Procter & Gamble Co | PG | 82.6 | -0.04(-0.05%) | 135 |
Starbucks Corporation, NASDAQ | SBUX | 51.81 | 0.10(0.19%) | 1929 |
Twitter, Inc., NYSE | TWTR | 32.7 | 0.03(0.09%) | 114542 |
Verizon Communications Inc | VZ | 52.41 | -0.05(-0.10%) | 2503 |
Visa | V | 140.02 | -0.26(-0.19%) | 2533 |
Walt Disney (DIS) target lowered to $121 from $123 at B. Riley FBR
Snap (SNAP) reported Q2 FY 2018 loss of $0.14 per share (versus -$0.16 in Q2 FY 2017), $0.03 better than analysts' consensus estimate of -$0.17.
The company's quarterly revenues amounted to $0.262 bln (+44.4% y/y), beating analysts' consensus estimate of $0.250 bln.
The company also issued guidance for Q3, projecting Q3 revenues of $265-290 mln versus analysts' consensus estimate of $289.59 mln.
SNAP fell to $12.96 (-1.22%) in pre-market trading.
Disney (DIS) reported Q3 FY 2018 earnings of $1.87 per share (versus $1.58 in Q3 FY 2017), missing analysts' consensus estimate of $1.95.
The company's quarterly revenues amounted to $15.228 bln (+7.0% y/y), generally in-line with analysts' consensus estimate of $15.342 bln.
DIS fell to $115.50 (-0.91%) in pre-market trading.
According to the International Monetary Fund, the economy of India is gaining momentum, and growth prospects look optimistic.
Ranil Salgado, the head of the IMF team in India, said that the economy of India is projected to grow to around 7.3% during the current financial year, beginning in April 2018, from 6.7% recorded a year ago.
At the same time, inflation in the country grew partly because of the decline in the economic recession.
According to Salgado, the tax on goods and services should increase productivity and promote medium-term potential growth, and also provoke the government to increase much-needed social and infrastructure costs.
He added that India should intensify its reform efforts in order to maintain the current positive growth rate.
Spain's industrial production grew at a slower pace in June, the statistical office INE said Wednesday, cited by rttnews.
Industrial output rose by adjusted 0.5 percent annually after expanding 1.3 percent in May.
On an unadjusted basis, industrial production fell 2 percent, in contrast to a 1.3 percent rise a month ago.
Month-on-month, industrial output dropped 0.6 percent in June, reversing May's 0.8 percent rise.
Bernstein analysts say the Anglo-Swiss miner and commodities trader is starting to see cost inflation creeping in, as across the industry, after Glencore flagged higher-than-expected copper- and zinc-mine costs.
EUR/USD
Resistance levels (open interest**, contracts)
$1.1754 (3502)
$1.1703 (1519)
$1.1670 (2762)
Price at time of writing this review: $1.1613
Support levels (open interest**, contracts):
$1.1552 (3065)
$1.1525 (4024)
$1.1493 (5235)
Comments:
- Overall open interest on the CALL options and PUT options with the expiration date September, 7 is 121937 contracts (according to data from August, 7) with the maximum number of contracts with strike price $1,1500 (10465);
GBP/USD
Resistance levels (open interest**, contracts)
$1.3109 (2012)
$1.3080 (743)
$1.3033 (511)
Price at time of writing this review: $1.2933
Support levels (open interest**, contracts):
$1.2896 (1263)
$1.2876 (2763)
$1.2851 (2221)
Comments:
- Overall open interest on the CALL options with the expiration date September, 7 is 30612 contracts, with the maximum number of contracts with strike price $1,3450 (3338);
- Overall open interest on the PUT options with the expiration date September, 7 is 26935 contracts, with the maximum number of contracts with strike price $1,2900 (3082);
- The ratio of PUT/CALL was 0.88 versus 0.82 from the previous trading day according to data from August, 7.
* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.
** - Open interest takes into account the total number of option contracts that are open at the moment.
Opinions on Economic and Financial Developments:
Japan's economy is expanding moderately, with a virtuous cycle from income to spending operating. Going forward, it is likely to continue expanding, mainly against the background of highly accommodative financial conditions and the underpinnings through government spending.
Japan's economy is expanding moderately. In fiscal 2018, the economy is likely to continue growing at a pace above its potential. From fiscal 2019 onward, the growth pace is projected to decelerate temporarily, due mainly to the effects of the scheduled consumption tax hike, and recover gradually thereafter.
As uncertainties for the time being, it is necessary to pay attention to the effects on economic activity of the heavy rain in July and the record-breaking heat wave continuing nationwide.
With regard to the risk balance in the global economy, there likely are growing downside risks stemming from trade friction between such economies as the United States and China as well as from currency fluctuations.
The effects on the global economy of the depreciation of emerging economies' currencies as well as the developments in policy rate hikes in those economies warrant close attention.
Escalation of trade war could be damaging for the global economy
Says RBA does not target house prices but a period of moderation is needed
Most likely economy continue on current track
Hope I can raise interest rates at some point in my term
Not looking to review the inflation target any time soon
Confident will get back to 2.5% inflation, will take time
June 2018 compared with May 2018:
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.7%. Owner occupied housing commitments fell 0.2% and investment housing commitments fell 1.8%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.6%.
June 2018 compared with May 2018:
In trend terms, the number of commitments for owner occupied housing finance fell 0.5% in June 2018.
In trend terms, the number of commitments for the purchase of new dwellings fell 1.1%, the number of commitments for the purchase of established dwellings fell 0.4% and the number of commitments for the construction of dwellings fell 0.4%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 18.1% in June 2018 from 17.6% in May 2018.
China's exports growth exceeded expectations in July, rttnews said.
Exports advanced 12.2 percent year-on-year in July, faster than the 10 percent rise economists had forecast.
At the same time, imports surged 27.3 percent from a year ago versus the expected growth of 16.5 percent.
Looking ahead, Julian Evans-Pritchard, an economist at Capital Economics said he expects export growth to cool in the coming months, though this will primarily reflect softer global growth rather than US tariffs, the direct impact of which will continue to be mostly offset by the renminbi's recent depreciation.
Japan had a current account surplus of 1.175 trillion yen in June, according to rttnews
That was shy of expectations for 1.222 trillion yen and down from 1.938 trillion yen in May.
The trade balance reflected a surplus of 820.5 billion yen, missing forecasts for 822.0 billion yen following the 303.8 billion yen deficit in the previous month.
The adjusted current account surplus was 1.762 trillion yen, shy of expectations for 1.866 trillion yen and down from 1.850 trillion yen a month earlier.
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