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Varchev Finance - Trading day in one post - 05.03.2018

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Asian Stock Market: Asian markets were trading downward, reflecting the annual parliamentary meeting in China and the Italian elections that will not have a definite winner. Japan's Nikkei fell 0.65%, while Topix dropped 0.69% and South Korean Kospi 0.72%. In China, Shanghai Composite wiped out 0.34% and Shenzhen 0.10%. In Hong Kong, Hang Seng finished the session by 1.34%, and the Australian ASX200 declined by 0.64%, mainly due to the financial sector in the country.

FX Market - In the first hours of the new working week, Australia publishes building permit data and China PMI in services. Better data from Australia could not lift the Australian who is under serious pressure given the declining stock market and Tramp's imposition of import tariffs on industrial metals. Data from China was disappointing and this led to a large extent to the growth of currencies such as JPY and CHF. EUR remained stable, trading with a slight increase, against the backdrop of the Italian elections. Today we expect Services PMI data in Germany, the United Kingdom and the United States. Investors will remain alert throughout the day and may avoid European stocks. EUR reflected the vote relatively quietly, trading close to the opening levels. According to analysts, we can expect increased volatility in EUR at the beginning of the interbank market in Europe and after the start of the stock exchange session at 10:00.

Commodities market: GOLD will finally reflect the market downgrade and reduced global appetite risk, rising by 0.32%, taking into account the stock market correction and the Italian elections. The decline in stock indices contributed to the rise in the price of the precious metal, which was sought as a hedging instrument during market volatility. OIL: Black Gold futures indicate a rise. During the Asian session, Brent traded a 0.13% increase at $63.91 a barrel, while WTI added 0.4% to its value and traded at about $61.42 a barrel.

European stock market: European indices will start the session down the key levels, and this may further complicate the situation for the bulls of European stocks. The German DAX30 will start with more than 70 points down close to the levels of about € 11,925. The French benchmark will open the session by 30 points down to levels of € 5,148, while the British UKX 50 points lower, about 7095 pounds.

US Stock Market: The Wall Street indices closed the session without finding a single direction after the strong start of the session. Ultimately, the Dow Jones blue chip index reduced its loss and finished the last day of the week with a fall of 0.29% to 24537.99 points. Johnson & Johnson's shares were among the best performers within the benchmark, with a 1.2% gain. The broad index S&P500 rose 0.53% to 2691.86 points after it dropped earlier than 1%. Technological Nasdaq moved in a positive direction by 1.08% to 7257.87 points.

Economic calendar for European and US trаde sessions - 05.03.2018

10:55 Germany - Services PMI
11:00 Eurozone - Services PMI
11:30 UK - Services PMI
12:00 Eurozone - Retail Sales
16:45 USA - Services PMI


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