Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
08:10
Asian stock markets are trading in a positive trend today. The main stock indices climb by 0.2%-0.4% except for the Kospi index in Seoul (which returned to activity after being inactive yesterday for a holiday) which jumps by more than 2% led by Samsung Electronics which jumps by 4.5%.
Trading in contracts on US stock market indices is stable. This is after the US stock exchanges last night continued the positive momentum from last week and ended the first day of the trading week with price increases. The Nasdaq jumped 1.3% led by Apple which climbed nearly 4% after reporting strong demand for the iPhone 14. The S&P 500 index added 1.1% and the Dow Jones rose 0.7%.
The markets are eagerly awaiting the inflation figure in the US (to be published at 15:30 Israel time). According to the forecast, the consumer price index decreased by 0.1% in August, and the annual inflation rate is expected to be 8.1% (compared to 8.5% last month) The core index, however, is expected to register an increase of 0.3% to an annual rate of 6.1%.
In the commodity trading arena, crude oil contracts are registering slight declines. The dollar traded stably against the main currencies and the yield on the 10-year US government bond decreased by 2 basis points to 3.34%.
In the crypto arena, Bitcoin is slightly down and is trading around $22,300.