Trading news

Political events having little effect on markets

 

Alpari. Market reviews

Political events having little effect on markets

The tension throughout the world from Nice and Istanbul to Yerevan and Almaty is, unexpectedly, having less of an effect on world markets than one would have thought. The majority of financial markets on Monday were lacking in volatility, with oil dropping from $47.9 to $46.5 per barrel of Brent despite the geopolitical risks. By the end of a rather quiet Monday, the prices managed to restore to $47.0 and on Tuesday morning Brent was trading in a $46.7-$47.0 per barrel range. This evening will see the API’s oil report out.

Yesterday’s varied closing of world stock markets was supported this morning by Asian markets. The Nikkei 225 rose by 0.9%. The ASX Australia was down 0.2%. The Shanghai Composite decreased 0.7%, and the Hang Seng was down by 0.6%. Futures for the S&P500 were trading at 2157; 0.1% below the closing level of the previous trading day.

An increase of up to 100 freight trains from China to Europe is expected in 2016. By 2020 this indicator is expected to have risen to 2,000 trains: 80,000 containers with an estimated worth of 78.3 billion yuan. The reason for such increases is plans for high trading activity between China and the EU. The volume of bilateral trade for the first five months of this year amounts to 1.39 trillion yuan and, as such, the EU remains firmly planted as China’s major trading partner.

The USD was trading slightly down against the yuan at 6.6987 (-0.0058or -0.09%).

Whilst waiting for the ECB to convene, the euro/dollar isn’t very active. It strengthened slightly from 1.1040 to 1.1075 on Monday and on Tuesday morning was trading in a narrow range of 1.1065-1.1080. Today is quite busy from the perspective of economic news, with stats from the UK, Germany (+ EU data) and the US all to play their part. In-the-spotlight Turkey will see its central bank convene to make an interest rate decision after the failed coup at the weekend.

Alpari

 

Tuesday, 19 Jul, 2016 / 10:24

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.alpari.com

Trading news

 

Market sentiment changed towards greater risk appetite

While the yields rose, the USD weakened against a basket of currencies Read [...]

Posted on Friday, 24 Sep, 2021 / 12:05 under

What’s The Real Issue With The Debt Ceiling?

Politicians just love a crisis that they can leverage to push their agenda and [...]

Posted on Friday, 24 Sep, 2021 / 11:26 under

Bond markets come alive as tighter policy looms, stock rally eases

  Sovereign bond yields jump on optimism and rising prospect of [...]

Posted on Friday, 24 Sep, 2021 / 10:26 under