Trading Market Commentary June 16, 2017

Commentary

US Markets

Once the US equity trading markets opened, we observed the significant announcement that Amazon has been acquiring the  Whole Foods (store chain) paying out the 27 percent premium price to the previous closing price. This unusual step that appears to signal a move into the actual physical world. This news will certainly change not only the consumers but the core’s logistic supply chain as well as by-products.

The DowJones Index ended up 24.52 points at 21,384.42, the NASDAQ Index shed 13 points to 6,151, and the S&P500 Index rose 0.68 points to 2,433.14.

European Markets

A robust trading session all round for Euro markets utilizing gains of about 0.65% for all the key Indexes. While the late part of the trading day headline was that Greece, as well as Euro creditors, hit an arrangement about the next phase of Greece's €86bn bailout, despite the fact that there wasn't any talk about potential debt relief. 

The CAC40 Index went up by 0.7%, FTSE100 added in 0.6%, and also the DAX30 Index increased 3%. The Stoxx 600 Index was up 0.6% at 388.23 in the late opportunity compared to falling 0.4% in the last trading session.

There is a great deal of cash finding its way into stocks all the while technology stock have decreased this week. Plenty of focus on BREXIT negotiations on terms with EU as well there are many quotes from numerous senior officials; therefore you can be sure that the mass media will be full of it all this weekend long.

Asia-Pacific Market 

Asian equities went up mainly in Friday's trading as the Yen vulnerability versus various other key foreign currencies following the BOJ (Bank of Japan) held its monetary policies on hold, which was broadly anticipated although stepping up its appraisal of non-public consumption as well as offshore growth.

Chinese securities decreased on worries in regards to the country's increasing debt, slowing down growth and also tightening its monetary policy. The Shanghai Comp Index fell 9.32 points (0.30%) to 3,123.17. HK's Hang Seng index had been up 0.2% at 25,626 in closing trading session.

Aussie shares pared early on advances nevertheless presented their most robust weekly advancement in couple months. The ASX200 Index increased by 10.80 points (0.19%) to 5,774, racking its weekly gain to 1.7%. New Zealand's S&P NZX-50 Index rose 36.40 points (0.48%) to 7,552.75.

Weekly Recap

All four central banks and cryptocurrencies stole the "show and tell" this week, when the BOJ (Bank of Japan), the SNB (Swiss National Bank), the BOE (Bank of England) along with most of all, the Fed (Federal Reserve System) held their scheduled monetary policy meetings. While at the same time all the cryptocurrencies went through the severe adjustment which shaken the prominence of the Bitcoin.

All the central banks provided very mixed data signals. The Federal Reserve by itself triggering confusing responses within the various assets classes. The Bank of England additionally stunned the market having an exceptionally hawkish vote result. The Bank of Japan responded towards the latest durability of the Yen in the best way which it probably could, reiterating its Uber Tech like laid back policies. 

The majority of the most important crypto-coins recorded losses close to or above that level this week, and even though many of them have returned to trade higher. However, the shadow from the recent correction continues to be on the crypto market and many traders/investors as well.

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