Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
10:30
Slight increases in Europe: the DAX advances by about 0.1%, the FTSE rises by about 0.5% and the CAC climbs by about 0.4%.
Against the background of the Iranian missile attack and the risks of geopolitical conflicts, defense stocks in Europe are recording increases, among them: BAI Systems , Saab , Thales andRheinmetall .
At the same time, the stock of the British sports retailer J. quite. Sport fell, despite the positive results it reported in the first half of the year. The fall comes against the background of the fact thatNike whose products the company sells, shelved its forecast for the current year and postponed its investor day, while it prepares for a change of CEOs.
10:05
Slight increases at the opening in Europe: the DAX index rises by about 0.1%, the Potsi and the KAC both advance by about 0.3%.
The Hang Seng index jumps by almost 6%, in a rally that has lasted for six days in a row. The Japanese Nikkei fell by about 2.2%, and the Kospi closed down 1.2%.
In the oil market, there is a significant fear of damage to supply chains, due to the Iranian missile attack that is escalating the conflict in the Middle East. CNBC noted that oil infrastructures in Iran may soon be targets of attack by Israel, which is currently considering its response to the attack.
It was also noted in the media that Shaul Kabonich, a senior analyst at MST Marquee, said that “the expectation of disruption in the oil supply chains is now becoming more real.” Kabunich added that up to 4% of the world’s oil supply is in danger, when attacking infrastructure or tightening sanctions on Iran, may cause prices to increase by up to 100 dollars per barrel.
Oil prices are now up over 2%.
7:55
Asia
Hong Kong’s Hang Seng index jumps about 5.7% today, after the stock market returned from a holiday on Tuesday – which signals continued optimism in the markets regarding the Chinese government’s stimulus package. The rest of China’s stock exchanges have not yet returned to activity from the national holiday, and will remain closed throughout the week.
Real estate stocks led the returns in the index, including China Vanca, Logan Group and Longfor Group, with increases of over 40%, 32% and 23%, respectively. The Chinese tech giants, such as Baidu and J.D. .com, with increases of over 10%, Tencent and Xiaomi stood out with increases of over 5%.
On the other hand, the Japanese Nikkei falls by about 1.7% and the Kospi retreats by about 0.7%.
Wall Street
Trading on Wall Street closed down. This is after geopolitical events, mainly the Iranian missile attack on Israel, shaped the general trend today.
The Nasdaq index closed down 1.5%, the S&P 500 index weakened by 0.9%, the Dow Jones index fell by 0.4% and the Russell 2000 index lost 1.5%. The fear index (VIX) rose by about 15%.
In the shadow of the attack, gold jumped about 0.8% today, and the price of an ounce stands at $2,681. Oil prices also jumped in trading today by more than 3%.
Trading in the futures contracts on US stock market indices is conducted with slight price decreases.
US debt market
US government bonds are trading with slight price drops. The ten-year bond yield stands at a level of approximately 3.74%, while the two-year bond yield stands at a level of approximately 3.61%.
The global forex market
The dollar traded stably against the euro and the pound sterling. Also, the dollar strengthened against the Japanese yen by about 0.2% and its value now stands at about 143.8 yen.
The crypto market
The crypto market is experiencing sharp price drops. Bitcoin is down about 3.7% and its price now stands at about $61,480; Ethereum falls by about 6.2% and its price is about $2,480.
the commodity market
As mentioned, after last night (Tuesday), oil prices jumped last night by over 3%, against the background of the Iranian missile attack on Israel, today they continue to rise. American type oil rises by about 1.7% and the price of a barrel rises to about $71, while Brent oil goes up by about 1.6% and the price of a barrel stands at about $74.7.
Gold is down about 0.9% and its price now stands at about $2,667 per ounce.
Macro
At noon today (15:15 Israel time), the ADP employment index will be published, showing the change in the number of employed people in the US during the last month.
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