Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
08:05
Asian stocks are reacting today to the sharp rises recorded in New York on Friday and are trading today on sharp rises. In Tokyo, the Nikkei jumps by 2.2% and in Hong Kong, the Heng Seng index rises by about 1.9%.
Today, there will be no trading on Wall Street on the occasion of US Remembrance Day. Trading in contracts on US stock exchange indices shows increases of up to 0.9%.
Trading in oil contracts is up 0.6% -0.8%. A July contract for Brent crude traded around $ 120 a barrel, after soaring more than 6% last week to $ 119.4 a barrel and US oil rose 4.3% to $ 115 a barrel.
Gold is rising slightly and the price per ounce is about $ 1,858 and Bitcoin is jumping about 4% and trading around $ 30,200.
Michelle Clover, Investment Manager at Global X, states in a review that “We are witnessing high volatility in the market, in both directions, and the attempt to schedule entry and exit in the short term involves a great deal of risk. Investors are advised to concentrate on longer-term opportunities and not pursue short-term opportunities. It is important to maintain diversity and think about which sectors will perform better or less well in different economic scenarios. It’s important to find inflation-hedging assets and stick with value stocks. “