Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
Most Asian stock markets are trading down today, with the Nikkei index down 1% in Hong Kong, down 0.1% in Hong Kong and down 0.9% in Shanghai. Wall Street indices are stable.
In New York, mixed-night trading closed last night, following a weakening of the positive trend in the last two hours of trading. The S&P 500 moved into negative territory and closed down 0.4% and the Nasdaq closed steadily after rising for most of the day.
In the commodity trading segment, oil continues to lose ground and the December contract price for Brent crude is down about 2% to $ 82.8 a barrel.
The yield on 10-year US government bonds rises to 1.55% after falling to 1.54% yesterday. In the crypto arena, Bitcoin fell yesterday during trading by about 5% to a level of about $ 59,000 and is now trading stably around this level.
Tonight, after the end of trading, huge high-tech results will be announced by Amazon and Apple. The Israeli Check Point is expected to publish at noon.
Stefan Monier, chief investment officer of Swiss bank Lombard Odeier, said in a review that “many emerging market central banks have raised interest rates recently, in light of rising inflation following the economic recovery, and tight monetary policy and effective vaccine proliferation. “C between developing and developed economies and the smallest gap in two decades.”
“We at Bloombard Odeir are underweight in investments in government bonds in emerging markets due to the countries’ alarmingly high sovereign debt in these markets, despite the IMF’s unprecedented support of $ 250 billion. We also expect that high inflation will weigh on the debt arising in currencies in these markets in the coming months. We remain neutral about stocks in emerging markets – yes, valuations are high, but the expansion of vaccines, the opening of economies, rising yields, inflation and oil prices should support cyclical stocks in 2022 in these markets. On the other hand, fears of China’s growth and the strengthening of the US dollar have undermined profit expectations, which in emerging markets are still lagging behind. Overall, we have adopted a bearish forecast for emerging market currencies in the second half of 2021, and we expect more currency devaluations as trade balances worsen. “We believe that the Chinese renminbi, the Taiwanese dollar, the Indonesian rupee, the Mexican peso and the Russian ruble will be in the best position among the currencies in emerging markets.”