Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
The British Potsy Index has also moved to price increases and now the screens on most European stock exchanges are painted green. At the same time, the increases are mainly moderate: Dax is up 0.1%, Kak is up 0.3% and Potsey is up.
Wall Street futures are also green, having traded down slightly earlier this morning. Contracts for NASDAQ are up 0.3%, S&P 500 is up 0.1% and Dow Jones is up slightly.
In Eugene Loses 5% in Wall Street Pre-Trading After Samsung Denies Reporting to Acquire It (See Previous Update), BiondVax The Israeli jumps by 15% (after losing close to 7% yesterday).
The day of trading on European stock exchanges opened with a mixed trend. Most stock exchanges in the bloc are up slightly, but the British Potsey has weakened by 0.1% and there are also minor declines in Vienna and Madrid. Tomorrow there will be no trade in Germany, Switzerland, Italy, Spain and Japan in light of the new civil year. The UK, France, Hong Kong and Singapore will have a shortened trading day.
In the futures trading arena on the Wall Street indices, the trend has reversed and now there are increases at very slight rates.
The Nikkei index closed down 0.4% this morning, the Taiwanese index lost 0.1% and the South Korean Kospi dropped 0.5%. In China and Hong Kong, the trend was positive: the Shanghai index rose 0.6%, the Shenzhen added close to 1% and the Hang Seng advanced 0.1%.
Trade in Asia is conducted in a mixed trend. In Tokyo, Hong Kong and Seoul, there are slight declines while the Shanghai and Shenzhen indices are up 0.6% and 1.1% respectively.
Samsung is down 0.2 percent this morning in Seoul, after denying overnight reports that it was in talks to buy drugmaker Eugene for $ 42 billion. Biogen, for its part, soared last night by close to 10% in Wells Street. A Samsung spokesman told Barron’s that the Korea Economic Daily’s report, citing sources from investment banks, was baseless.
At the top of the Nikkei index is Z Holdings (owner of Yahoo! Japan), which is up 3%, and Softbank is up 1.3%. Mitsubishi Motors and the Tokyo Electric Company are down 0.6%. In Hong Kong, declines in PetroChina and China Petroleum are declining, and Shiomi, Alibaba and automaker Gili are also weakening.
In the government bond market, yields jumped yesterday, when the yield on the 10-year bond jumped by 7 basis points to 1.55%. This morning it stands at 1.54%.
The oil market is stable after moderate gains last night. In the crypto market the trend is negative even today. Bitcoin is trading down 2% to around $ 46.7 thousand.
Last night, the trading day in New York ended in a mixed trend, with the Dow Jones rising to a new high for the sixth day in a row and adding 0.2%, the S & P500 rising 0.1% (to its 70th high this year) and the Nasdaq losing 0.1%. Stably, with a slight downward inclination.