Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
08:00
Asian stock markets are trading in a negative trend today. In Hong Kong, the Heng Seng flagship index is down 1.6% and in Tokyo, the Nikkei is down 1.2%.
In futures trading on the Wall Street indices, stability is recorded and the 10-year US government bond yield falls by about 6 points to a level of 3.14%.
Trading on Wall Street closed last night, down sharply. The Nasdaq was down 3%, the S&P 500 was down 2% and the Dow was down 1.6%. Today it started a positive trend but the momentum of the recovery attempt weakened and later the declines deepened after negative macro data. “In June it fell more than expected and reached 98.7 points, a 16-month low.
In the macro arena, in Germany and Spain, consumer price indices will be published today.
The United States will publish today (at 15:30 Israel time) the updated and latest figure for the change in GDP in the first quarter of the year. GDP is expected to fall by 1.5%. The inflation component (PCE) within the data is expected to record an 8.1% increase.
Shortly afterwards, the chairman of the Fed, the Governor of the Bank of England and the President of the ECB, will speak at the Conference of Governors of the Central Banks of Portugal.
In the commodity trading arena, oil contracts are down 0.4% -0.7% and gold is trading steadily. In the crypto market, Bitcoin is trading steadily at around $ 20,300,000. Atherium is declining at a slight rate and its hair is hovering around $ 1,150.