Trading Market Commentary July 17, 2017

Commentary

US Markets

US stock markets were very calm yesterday, with no significant news driver from the economic as well as political fronts. Last week’s rally in US markets remains to be unchanged, as the DowJones, as well as the S&P500, ended up being close to their all-time high levels. The NASDAQ100 is keeping up above higher the important 5800 level.

Traders and investors starting big earnings season this week with the Netflix have just released their data. Even though the top number has been lower than estimated, however, the revenue was much higher. At the end of futures trading session, stock shares of Netflix ended up nearly 10 percent. 

European Markets

Eurozone important subject matter has been the beginning of next round of BREXIT negotiations and also was news with stories which government bodies might conduct review Deutsche Banks two biggest stock owners. Talk is the fact that shareholders in China and also Qatar are a couple of owners where the ECB (European Central Bank) is going to be making inquiries. 

Shares of the Deutsche Bank was the main reason why  German DAX30 Index was weak yesterday. The Spanish IBEX35 and French CAC40 also declined although the UK's FTSE100 finished far better after news reports of High Speed 2 (HS2) projects which had been announced.

Asia-Pacific Markets

The much better than estimated GDP (Gross Domestic Product) release from China has been, however, only a good influence for a while, subsequently profit grabbing as well as summer season liquidity took control of the market. Shanghai market has had an excellent run up to now, however, having the Index inclusion and in all likelihood suffering from a much stronger currency.

Latest Talk about expecting more restrictive financial rules and regulations, as well as a downturn in innovations and a lot more IPO’s (Initial Public Offering). Shanghai index finished down 1.4%, however (Seng Index) finished up 0.3%. 

The weak China sentiment relating to the mainland index weighed marginally on the Australian ASX200 and also the reality is that dealers there'll be continuing to keep a very close eye on foreseeable future China releases. The Japan's Nikkei225 experienced a relaxing trading day having a small positive close considering the JPY currency decline just marginally closing at 112.75 handle.

Commodity Markets

Yesterday traders, as well as investors, saw together gold and silver prices continuing to climb since the strength from last week triggered follow-through buying yesterday. Yellow metal futures basis with the most active month of August contract settled upward of $6.60 to close at $1234.10, an increase of more than one-half a percent. Silver precious metal managed to close over $16 increasing more than a full percent on the day session.

Along with the price of crude oil moving sideways, after last weeks rally - traders, as well as investors, are somewhat tense that market may start to see the downward spiral returning if not sustained by good economic data reports at some point soon.

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