Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
07:40
After last night’s falls on Wall Street, Asian stock markets are trading in a mixed trend with a downward trend: the Japanese Nikkei is down 1.8%, the Shanghai and Shenzhen indices are trading steadily (down 0.02% and up 0.13%, respectively), while in Hong Kong the Hang Seng is up -1%. This is in contrast to last night’s trend, in which the stock markets in Japan rose while those in Hong Kong fell. In Australia, stock markets are down 1.9%.
The falls in Japan are partly related to the decision of the Central Bank of Japan not to raise interest rates aggressively, unlike other central banks in the world. Shares of Nissan are down 4.5%.
The price of a barrel of Brent oil is trading at $ 119, compared to a barrel of crude oil trading at 116.
Crypto exchanges continue to decline: in the last day Bitcoin has fallen by 8% and is now trading at $ 20,000, and Ethereum, which has fallen by 10%, is trading around $ 1,080.
Today, on the 12th, the inflation data in the eurozone will be released. The expectation is that they will compare to what was in the previous month, ie: an annual increase of 8.1%. In addition, at noon, Fed Chairman Jerome Powell is scheduled to deliver speeches.
Trading in New York closed sharp declines last night: the Nasdaq index ended the trading day down 4.1%, the S&P 500 closed down 3.2% and the Dow Jones lost 2.4% of its value and closed at its lowest level in over a year. All this after the Fed announced yesterday On further interest rate hikes.After the declines, futures contracts on the indices rise by 0.8% to 1%.