| | | | | | | Do you want to earn $5k+ per week from trading? Start making money in as little as 20 minutes per day. It really is possible with the right strategy. 28 day free trial. Register for free trial | | |
| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to give back ground following the strength seen in the previous session.
The downward momentum on Wall Street comes amid concerns about President Donald Trump?s legal woes after his former personal lawyer Michael Cohen pleaded guilty to campaign finance violations and other charges, and Paul Manafort, Trump's former campaign chairman, was found guilty on five counts of tax fraud.
After a positive start to the day, the major averages advanced further around midday before running out of steam. Despite the lackluster afternoon performance, markets on Wall Street ended Tuesday's session with modest gains, adding to the gains at the start of the trading week.
The Dow closed up by 63.60 points or 0.25 percent at 25,822.29, the Nasdaq rose 38.17 points or 0.49 percent at 7,859.17 and the S&P 500 gained 5.91 points or 0.21 percent at 2,862.96.
Stocks continued to benefit from optimism about the upcoming trade talks between the U.S. and China, even though President Donald Trump said he doesn't expect much progress from the talks.
Trading remained somewhat subdued, however, with a lack of U.S. economic data keeping some traders on the sidelines.
|
| | Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script Click here |
| | U.S. Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | |
At 10 am ET, the National Association of Realtors is scheduled to release its report on existing home sales in the month of July. Existing home sales are expected to climb by 0.6 percent.
The Energy Information Administration is due to release its report on oil inventories in the week ended August 17th at 10:30 am ET.
Crude oil inventories are expected to drop by 1.5 million barrels after jumping by 6.8 million barrels in the previous week.
At 2 pm ET, the Federal Reserve is scheduled to release the minutes of the most recent Federal Open Market Committee meeting. |
| | Is Donald Trump Launching a NEW SOCIAL SECURITY PROGRAM? Click here for the details. |
| | Europe |
European stocks inched higher in cautious trade on Wednesday as investors kept an eye on the U.S.-China trade talks, political developments in the U.S and the latest FOMC minutes from the Fed meeting earlier this month.
Brexit talks also remained in focus as the EU and U.K. enter the final stages of talks over foreign policy, security and economic relationship.
The pan-European Stoxx Europe 600 index was little changed at 384.01 in late opening deals after rising 0.2 percent in the previous session.
The German DAX was largely unchanged, while France's CAC 40 index and the U.K.'s FTSE 100 were up around 0.2 percent.
German automotive manufacturing company Continental AG slumped more than 11 percent. The company cut its FY18 guidance, citing higher costs and unspecified warranty claims.
Denmark's Jyske Bank fell almost 5 percent despite the company posting surprisingly strong results for the second quarter.
Pharmaceutical giant GlaxoSmithKline edged up slightly in London after reports that it is seeking initial bids by mid-September for its $4.3 billion Indian consumer-health unit, which owns the popular malted milk brand Horlicks.
Department store chain Debenhams rallied 1.8 percent after appointing Rachel Osborne as Chief Financial Officer, effective 17 September 2018.
|
| | Strategic Intelligence What?s the one money move that?s almost predestined to soar under Trump? It?s not a stock, a mutual fund or even real estate.
Click here to find out what it is. |
| | Asia | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | |
Asian stocks ended on a mixed note Wednesday after Michael Cohen, U.S. President Donald Trump's former personal lawyer, pleaded guilty to campaign finance violations and other charges and Paul Manafort, Trump's former campaign chairman, was found guilty on five counts of tax fraud.
Gold hit a one-week high as the dollar continued to weaken ahead of the release of minutes from the Federal Reserve's August meeting today and the annual economic symposium at Jackson Hole, Wyoming on Friday.
Chinese shares fell notably ahead of lower-level talks between Washington and Beijing. The benchmark Shanghai Composite index fell 19.22 points or 0.70 percent to 2,714.61, while Hong Kong's Hang Seng index rose 0.63 percent to 27,927.58.
Japanese shares closed higher, led by technology and auto companies. Risk sentiment remained supported as the dollar held above 110 yen.
The Nikkei average recovered from early losses to end the session up by 142.82 points or 0.64 percent at 22,362.55. The broader Topix index ended 0.77 percent higher at 1,698.37.
Advantest Corp rose 1.6 percent and Tokyo Electron rallied 2.4 percent, tracking overnight gains among their U.S. peers. Automaker Toyota Motor jumped 2.3 percent, Honda Motor advanced 1.9 percent and Mazda Motor gained 1.7 percent.
KDDI Corp dropped 1.9 percent and NTT Docomo eased 0.6 percent after reports the government will cut the monthly fees of wireless carriers and stop handset bundling.
SoftBank Group Corp reversed early declines to close 1.3 percent higher. Suruga Bank shares plunged 19.5 percent on worries about improper lending worth 1 trillion yen.
Australian shares fell amid political uncertainty after ten ministers offered to resign following a failed bid to oust Prime Minister Malcolm Turnbull as party leader.
The benchmark S&P/ASX 200 dropped 18.40 points or 0.29 percent to 6,266 while the broader All Ordinaries index ended down 9.20 points or 0.14 percent at 6,373.80.
The big four banks fell between 1 percent and 1.5 percent while miners BHP Billiton, Rio Tinto and Fortescue Metals Group lost 1-3 percent. Scandal-ridden wealth management firm AMP declined 1.7 percent.
Mobile network provider TPG Telecom soared 21.6 percent after the company said it is in merger talks with rival Vodafone. Coca-Cola Amatil rallied 3.6 percent after the company said it is considering selling its SPC fruit and vegetable canning business.
Carsales.com climbed 10.9 percent and Ardent Leisure advanced 2.8 percent after reporting their full-year results.
In economic news, Australia's construction work done climbed a seasonally adjusted 1.6 percent sequentially in the June quarter, following a 2.4 percent rise in the March quarter, official data showed.
|
| | Discover the NUMBER 1 Trading Strategy You Need to Know During Uncertain Market Conditions. Consistent and safe returns up to 40%
Download Free Training Material |
| | Commodities |
Crude oil futures are jumping $1.18 to $67.02 a barrel after climbing $0.92 to $67.35 a barrel on Tuesday. Meanwhile, after rising $5.40 to $1,200 an ounce in the previous session, gold futures are up $7.30 at $1,207.30 an ounce.
On the currency front, the U.S. dollar is trading at 110.27 yen compared to the 110.31 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1620 compared to yesterday's $1.1571.
|
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment