Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
08:00
Asian stock markets are trading today in a mixed trend. The Hang Seng index rises by 0.1%, while in Tokyo the Nikkei index remains stable. Trading in futures contracts on US stock market indices shows stability, after a positive closing on Wall Street last night.
In the commodity trading arena, oil contracts are down about 0.7% and Bitcoin is holding steady.
The leading stock indices in the US climbed by 0.4%-0.6% at the end of trading yesterday. At the same time, the yield on the 10-year US government bond decreased by 4 basis points to 2.80%.
Rafi Gozlan, director of the research department at the IBA investment house, notes in his weekly review that “the improvement in financial conditions is moving the Fed away from achieving the inflation target – the positive sentiment in the markets in recent weeks reflects an improvement in financial conditions. This development is contrary to the intentions of the Fed which aims to lead for the tightening of financial conditions to lead to a decrease in the inflation environment, so he will be forced to tighten the policy more to achieve the decrease in inflation. The acceleration in consumer credit is another signal for the Fed to continue with monetary restraint.”