Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
European Stock Exchange Week opened with slight gains. There are also slight increases in trading on Wall Street indices.
Trading ended in Tokyo when the Nikkei jumped 2.6%.
There is a mixed trend on the Asian stock markets today, with the Nikkei index in Tokyo jumping by 2.6% after the results of the country’s elections became known, while the Hong Kong Hong Kong index traded down 1%.
In trading in contracts on the Wall Street indices, there are slight increases. Trading in New York will begin today and later this week at 3:30 PM and end at 10:00 PM Israel time.
In China, it was announced yesterday that the Purchasing Managers’ Index reached a level of 49.2 points in October, compared to a level of 49.6 points in September.
In the crypto market Bitcoin is trading steadily around $ 60,700. In the commodity trading arena, a Brent oil contract is down slightly to $ 83.55 a barrel.
Investment firm Global X notes in its weekly review that “against the backdrop of the rally in the markets, this week the Federal Reserve will convene for its monthly policy meeting, when it is clear to everyone that it is looking to reduce its volume by 15 billion dollars.” Mainly of government bonds but also of mortgage-backed assets (MBS) .This gradual reduction is expected to continue until June 2022, when the expansion plan will cease completely. The question is when will the bank start raising interest rates. “By the end of 2023, but the futures market is likely to raise interest rates significantly by mid-2022. However, it seems that the market currently believes that the technology companies will be able to cope with the situation.”