Raw materials | Closing price | % change |
Oil | $68.86 | -0.19% |
Gold | $1,206.20 | +0.42% |
Index | Change items | Closing price | % change |
Hang Seng | -353.56 | 26932.85 | -1.30% |
CSI 300 | -37.17 | 3204.92 | -1.15% |
KOSPI | -15.24 | 2303.01 | -0.66% |
FTSE 100 | -1.94 | 7302.10 | -0.03% |
DAX | -27.92 | 12096.41 | -0.23% |
CAC 40 | -3.70 | 5348.87 | -0.0% |
DJIA | -92.55 | 26062.12 | -0.35% |
S&P 500 | -16.18 | 2888.80 | -0.56% |
NASDAQ | -114.25 | 7895.79 | -1.43% |
Pare | Closed | % change |
EUR/USD | $1,1684 | +0,54% |
GBP/USD | $1,3155 | +0,65% |
USD/CHF | Chf0,96234 | -0,51% |
USD/JPY | Y111,84 | -0,18% |
EUR/JPY | Y130,68 | +0,36% |
GBP/JPY | Y147,127 | +0,48% |
AUD/USD | $0,7177 | +0,37% |
NZD/USD | $0,6585 | +0,58% |
USD/CAD | C$1,30337 | +0,01% |
The main US stock indexes finished trading on the negative territory, which was due to the decrease in shares of Apple (AAPL) and Amazon (AMZN), as well as expectations that President Donald Trump will go on the introduction of new tariffs on Chinese goods worth $ 200 billion.
In addition, the focus was on the US. Research results from the Federal Reserve Bank of New York showed that the region's production index fell more than the average forecasts of economists. According to the data, the production index in the current month fell to +19.0 points compared to +25.6 points in August. Previous value was not revised. Economists had expected the index to drop to 23.0 points.
Oil futures fell slightly as investors focused on the impact of US sanctions on Iran, despite Washington's assurances that Saudi Arabia, Russia and the United States could jointly raise production quickly enough to compensate for the drop in supplies.
Most of the components of DOW finished trading in the red (16 of 30). Outsider were the shares of Apple Inc. (AAPL, -2.33%). The leader of the growth were shares of 3M Company (MMM, + 0.90%).
Most S & P sectors recorded a decline. The largest decline was in the services sector (-1.1%). The utilities sector grew most (+ 0.4%).
At closing:
Index
Dow 26,062.12 -92.55 -0.35%
S & P 500 2,888.80 -16.18 -0.56%
Nasdaq 100 7,895.79 -114.25 -1.43%
The single currency held strong on Monday and the EURUSD surged throughout the day as it was changing hands slightly below the 1.17 level and was up 0.60% on the day.
Earlier in the session, inflation numbers from the Eurozone met expectations and printed 2.0% year-on-year (for the CPI benchmark inflation). However, the core indicator, which is more important for policy makers, stayed at 1.0%, well below the "required" 2.0% by the ECB.
The underlying inflation remains slow. However, the central bank expects it gradually to rise throughout the following year, which could mean the ECB will have to tighten its monetary policy faster. Nevertheless, this still is not being priced in, so it's very uncertain for now to say whether inflation will really pick up, especially when the economic momentum seems to be cooling down.
Monday's sentiment on the financial markets was also worsened by the latest news that Donald Trump is about to impose fresh USD$200 billion in tariffs on Chinese imports, further escalating the trade war. China immediately replied, saying they are preparing retaliatory measures against the US.
Stocks slid globally, with Chinese indices hitting fresh four-year lows and the greenback was sold-off broadly as well.
U.S. stock-index futures fell on Monday, as trade concerns resurfaced after the reports that China could decline to participate in the fresh round of trade talks with the U.S. if Washington goes ahead with imposing the additional tariffs on Chinese imports.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | - | - | - |
Hang Seng | 26,932.85 | -353.56 | -1.30% |
Shanghai | 2,651.79 | -29.85 | -1.11% |
S&P/ASX | 6,185.00 | +19.70 | +0.32% |
FTSE | 7,287.77 | -16.27 | -0.22% |
CAC | 5,346.46 | -6.11 | -0.11% |
DAX | 12,077.15 | -47.18 | -0.39% |
Crude | $69.47 | | +0.70% |
Gold | $1,203.10 | | +0.17% |
(company / ticker / price / change ($/%) / volume)
ALCOA INC. | AA | 42.52 | -0.27(-0.63%) | 625 |
ALTRIA GROUP INC. | MO | 62.01 | -0.06(-0.10%) | 647 |
Amazon.com Inc., NASDAQ | AMZN | 1,955.00 | -15.19(-0.77%) | 26266 |
American Express Co | AXP | 110.43 | 0.87(0.79%) | 4581 |
Apple Inc. | AAPL | 221.74 | -2.10(-0.94%) | 244988 |
AT&T Inc | T | 33.52 | -0.08(-0.24%) | 6103 |
Barrick Gold Corporation, NYSE | ABX | 10.24 | 0.13(1.29%) | 49349 |
Boeing Co | BA | 357.5 | -2.30(-0.64%) | 2570 |
Chevron Corp | CVX | 117.48 | 0.10(0.09%) | 1006 |
Citigroup Inc., NYSE | C | 70.83 | 0.29(0.41%) | 8166 |
Deere & Company, NYSE | DE | 148 | 0.24(0.16%) | 1200 |
Exxon Mobil Corp | XOM | 83 | 0.08(0.10%) | 537 |
Facebook, Inc. | FB | 161.59 | -0.73(-0.45%) | 49265 |
FedEx Corporation, NYSE | FDX | 256.5 | 1.06(0.42%) | 6472 |
Ford Motor Co. | F | 9.44 | -0.01(-0.11%) | 13249 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 13.58 | -0.11(-0.80%) | 19100 |
General Electric Co | GE | 12.6 | -0.08(-0.63%) | 55175 |
Goldman Sachs | GS | 229.53 | 0.29(0.13%) | 659 |
Google Inc. | GOOG | 1,168.27 | -4.26(-0.36%) | 2134 |
Hewlett-Packard Co. | HPQ | 25.25 | 0.21(0.84%) | 220 |
Home Depot Inc | HD | 209.88 | 0.81(0.39%) | 1828 |
Intel Corp | INTC | 45.42 | -0.12(-0.26%) | 8989 |
Johnson & Johnson | JNJ | 139.11 | -0.38(-0.27%) | 399 |
JPMorgan Chase and Co | JPM | 113.8 | 0.30(0.26%) | 770 |
McDonald's Corp | MCD | 159.52 | -1.32(-0.82%) | 4825 |
Microsoft Corp | MSFT | 113.24 | -0.13(-0.11%) | 28653 |
Nike | NKE | 83.59 | 0.10(0.12%) | 1332 |
Pfizer Inc | PFE | 42.95 | -0.01(-0.02%) | 18055 |
Tesla Motors, Inc., NASDAQ | TSLA | 292.4 | -2.80(-0.95%) | 29093 |
The Coca-Cola Co | KO | 46.1 | 0.11(0.24%) | 6642 |
Twitter, Inc., NYSE | TWTR | 29.18 | -0.94(-3.12%) | 242869 |
United Technologies Corp | UTX | 137.94 | 0.14(0.10%) | 735 |
Verizon Communications Inc | VZ | 54.8 | 0.25(0.46%) | 457 |
Visa | V | 147.13 | -0.71(-0.48%) | 9510 |
Wal-Mart Stores Inc | WMT | 94.45 | -0.14(-0.15%) | 1356 |
Walt Disney Co | DIS | 109 | -0.26(-0.24%) | 246 |
Yandex N.V., NASDAQ | YNDX | 32.01 | -0.33(-1.02%) | 500 |
UnitedHealth (UNH) initiated with a Outperform at Cowen; target $308
Twitter (TWTR) target lowered to $21 from $23 at MoffettNathanson
Business activity continued to grow at a solid clip in New York State, according to firms responding to the September 2018 Empire State Manufacturing Survey. The headline general business conditions index showed ongoing strength, but moved down seven points to 19.0, pointing to a slower pace of growth than last month. New orders and shipments grew moderately. Delivery times continued to lengthen, and inventories moved higher. Labor market indicators pointed to an increase in employment levels and longer workweeks. Price indexes were little changed and remained elevated, suggesting ongoing significant increases in both input prices and selling prices. Looking ahead, firms remained fairly optimistic about the six-month outlook
American Express (AXP) upgraded to Overweight from Equal-Weight at Stephens
MasterCard (MA) added to Conviction Buy List at Goldman
Foreign investment in Canadian securities reached $12.7 billion in July, mainly from acquisitions of federal government bonds. At the same time, Canadian investment in foreign securities totalled $13.1 billion, led by record purchases of foreign bonds.
Foreign investment in Canadian securities reached $12.7 billion in July, up from $10.3 billion in June. Overall, foreign investors acquired Canadian bonds and, to a lesser extent, equities, but reduced their exposure to money market instruments.
Non-resident acquisitions of Canadian bonds totalled $11.1 billion in July. Foreign investors acquired $5.2 billion of federal government bonds. This was the first monthly investment this year. From January to June, foreign divestment in federal government bonds totalled $33.9 billion. Non-resident investors also added $3.8 billion of private corporate bonds to their holdings in July, the lowest level since January. Canadian long-term interest rates were up by 22 basis points in July. The Bank of Canada raised its benchmark overnight interest rate by 25 basis points to 1.5% in July, the second increase so far this year. In general, interest rates and bond prices move in opposite directions.
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A year earlier, the rate was 1.5%. European Union annual inflation was 2.1% in August 2018, down from 2.2% in July. A year earlier, the rate was 1.7%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Denmark (0.8%), Ireland and Greece (both 0.9%). The highest annual rates were recorded in Romania (4.7%), Bulgaria (3.7%), Estonia (3.5%) and Hungary (3.4%). Compared with July 2018, annual inflation fell in twelve Member States, remained stable in five and rose in ten. In August 2018, the highest contribution to the annual euro area inflation rate came from energy (+0.87 percentage points, pp), followed by services (+0.59 pp), food, alcohol & tobacco (+0.48 pp) and non-energy industrial goods (+0.09 pp).
In July 2018 seasonally-adjusted data, compared to June 2018, decreased for outgoing flows (-2.6%) and increased for incoming flows and (+2.4%). Exports fell for both non EU and EU countries (-5.5% and -0.4% respectively). Imports raised for non EU countries (+3.6%) and for EU countries (+1.5%). Over the last three months, seasonally-adjusted data, compared to the three months earlier, showed an increase for exports (+1.2%) and for imports (+3.0%).
In July 2018, compared with the same month of the previous year, both exports (+6.8%) and import (+10.8%) increased. Outgoing flows raised by 8.5% for EU countries and for 4.8% for non EU countries. Incoming flows increased by 17.8% for non EU area and by 6.2% for EU area. The trade balance in July 2018 amounted to +5,676 million Euros (+2,999 million Euros for non EU area and +2,677 million Euros for EU countries).
It expects to see the dollar consolidate this week due to the absence of first tier U.S. data releases, but says Italy concerns could limit any euro rise. U.S. President Donald Trump is expected to announce 10% tariffs on $200 billion of Chinese imports soon, but that shouldn't have too much impact on the U.S. currency. And risks surrounding Italian politics are likely to hinder the euro, says ING. "Smooth sailing on this issue could be a dangerous assumption with a populist government and we wouldn't be chasing EUR/USD higher on this alone." - via WSJ
According to TD Securities analysts, the Central Bank of Russia will decide once again to raise the discount rate by the end of 2018. "We did not expect such a courageous decision from the regulator on Friday, apparently the weakening of the ruble significantly spoiled the inflationary forecasts of the regulator." Apparently this is not a full increase in the rate this year. "We forecast another rise of 25 basis points.In summary, we forecast an increase in the discount rate by 25 basis points by the end of 2018 and an additional increase in early 2019. But later by the end of next year, the decrease in the discount rate may resume, "TD Securities added.
The New Zealand service sector continued to expand in August, though at a weaker pace, data showed.
The index fell to 53.2 from the revised downward of the previous value of 54.8 (originally 55.1). Despite the decline, the indicator remains above the value of 50, which separates the expansion from the contraction.
The report noted that among the individual components of the survey, sales growth and new orders slowed, while employment continued to decline.
EUR/USD
Resistance levels (open interest**, contracts)
$1.1784 (3596)
$1.1750 (895)
$1.1722 (447)
Price at time of writing this review: $1.1637
Support levels (open interest**, contracts):
$1.1566 (5775)
$1.1526 (3091)
$1.1484 (3686)
Comments:
- Overall open interest on the CALL options and PUT options with the expiration date October, 15 is 90202 contracts (according to data from September, 14) with the maximum number of contracts with strike price $1,1600 (5775);
GBP/USD
Resistance levels (open interest**, contracts)
$1.3178 (1715)
$1.3153 (720)
$1.3128 (383)
Price at time of writing this review: $1.3081
Support levels (open interest**, contracts):
$1.3002 (650)
$1.2972 (1026)
$1.2939 (1905)
Comments:
- Overall open interest on the CALL options with the expiration date October, 15 is 27017 contracts, with the maximum number of contracts with strike price $1,3200 (2879);
- Overall open interest on the PUT options with the expiration date October, 15 is 30127 contracts, with the maximum number of contracts with strike price $1,2800 (2475);
- The ratio of PUT/CALL was 1.12 versus 1.07 from the previous trading day according to data from September, 14.
* - 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.
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