Trading Journal
Apr 05, 2018 at 06:29
China has announced additional tariffs on more than 106 products imported from the US, less than twenty-four hours after President Trump presented a list of Chinese products to which he proposes to apply aggravated customs duties (about 1300 products from different sectors such as aeronautics, information and communication technologies or even robotics and machines). The number of products is lower than the list of 1300 goods presented by the US, but its value is intended to be identical, that is, 50,000 M.USD. Recalling that China had already promised to retaliate with the “same force” to the announced intention of the US to increase its customs duties on Chinese products. These news had a negative impact on several sectors of activity, but more strongly on technology companies.
Apr 06, 2018 at 11:55
The reversal of the trend of the New York session should support European stocks. European shares are more likely to reverse the underperformance phase compared to their US counterparts, a trend that has marked the last few months. The evolution of the Euro is one of the variables that can accelerate this inversion. The exchange rate issue is gaining momentum at the present stage. At a time when there is a fear of a trade war, the competitiveness of the various economies becomes crucial.
Apr 06, 2018 at 12:05
Markets are increasingly beginning to interpret the actions of the President not as a final goal, but as a means of reaching an agreement with China in favor of the US. It is important to remember that Donald Trump was an author of a bestseller entitled “The Art of Negotiating” where he advocates strategies very similar to those adopted as President. In this context of tension between the US and China, the best market barometer is the DAX index. The German index is the one with a greater weight of exporting companies and Germany is the European country with the largest exposure to the Chinese economy.
Apr 10, 2018 at 11:25
At the Forum for Asia, held in Boao, China, President Xi Jinping said that one of the main lines of his country’s economic policy is to open the economy abroad. To that end, Xi Jinping argued that to achieve this goal, China must significantly lower its import tariffs (especially those on automobiles), protect the intellectual property of foreign companies and improve the environment in which these companies operate in China. The Chinese President stated that his country intends to increase imports and that it does not seek a constant trade surplus with other nations. The words of the Chinese President are striking, as they meet the intentions of President Trump.
Apr 12, 2018 at 06:40
European markets closed lower, with investors turning their attention to business results. In sectoral terms, the majority ended in a downturn, with leisure-related companies leading the losses. On the contrary, the telecommunications sector was among the few to close on high. With a relative overperformance also closed the retail sector, on the day the results of the British Tesco and the French group Carrefour were known. Tesco rose 7.18%, after mentioned it will distribute an annual dividend for the first time in 4 years.
Apr 12, 2018 at 12:23
The exchange of tweets between President Trump and some Russian officials in relation to Syria opened a new front in the stock markets. This increased tension between the two countries began with the imposition of new economic sanctions on Russia by the US and has essentially penalized the Moscow and Ruble bourses. At the present stage, it can not be excluded that it can reach the European sectors most exposed to this country, namely drinks, luxury goods and the automobile.
Apr 13, 2018 at 12:23
US indexes closed higher at a session in which the situation in Syria and relations between Russia and the US dominated investors’ attention. As has happened in recent weeks was a tweet from President Trump that dictated the course of the American indices. After Syria’s most bellicose tweet on Syria and Russia’s ability to wage an American attack, the American President has always stated through his preferred means of communication that he has never advanced when an attack on Syria will occur. Uncertainty in financial markets remains high, resulting in greater volatility and a move away from more conservative investors. The valuation of bank shares was another catalyst for yesterday’s rally. The earnings season officially kicks off today and coincides with the debut of the banking sector earnings season. Today, quarterly accounts of Wells Fargo, Citigroup and JP Morgan will be published. The rise in yields, the dynamism of the labor market and the economy as a whole, as well as the decline in the tax rate, create a favorable environment for US banks.
Apr 18, 2018 at 06:51
European markets closed higher, having been helped in part by the positive trend seen on Wall Street. Producers of raw materials have distinguished themselves by being among the best performers, as it is a sector very exposed to China and today favorable data on this economy have been known. In the first quarter, the GDP of this country grew 6.80%, marginally exceeding the forecasts of 6.70%. In addition, retail sales increased by 10.10% in March (vs. 9.70% est.) And industrial production by 6% (vs 6.30% est.). In the first quarter, investment in fixed assets rose 7.50%. On the contrary, companies related to household items were penalized by the fact that Credit Suisse reduced its recommendation from 'neutral' to 'underperformance'. On the macroeconomic level, the Zew sentiment index for German financial agents fell for the third consecutive month to -8.2, the lowest level since November 2012.
Apr 20, 2018 at 07:16
The closing of European markets in today’s session was not uniform in terms of stock exchanges and sectors of activity, although with contained fluctuations. Business results remained the theme of the day.
In macroeconomic terms, the number of weekly applications for unemployment benefits reached 232 000, more than the expected 230 000. On the other hand, the Philadelphia Fed’s economic activity index stood at 23.2 in April, above the estimated 20.0, while the advanced economic indicators for March registered an evolution of 0.30%, a behavior in line with the expected.
In macroeconomic terms, the number of weekly applications for unemployment benefits reached 232 000, more than the expected 230 000. On the other hand, the Philadelphia Fed’s economic activity index stood at 23.2 in April, above the estimated 20.0, while the advanced economic indicators for March registered an evolution of 0.30%, a behavior in line with the expected.
Apr 21, 2018 at 12:02
The price of oil was reversed in today’s session, influenced by the tweet of US President Donald Trump, who says that OPEC kept prices “artificially very high” and “would not accept it.” The major oil companies ended today’s session with slight losses.
Apr 27, 2018 at 08:03
As expected, the ECB kept interest rates unchanged as well as the stimulus policy to the economy covering the monthly purchase program of 30,000 M.€ in assets up to September. At the press conference after the meeting, Mario Draghi confirmed that the European economy is undergoing a more moderate growth period, although it remains consistent with a solid expansion phase. Regarding inflation, Draghi mentioned that the ECB’s board of governors remains confident that inflation will converge towards the monetary authority’s target (inflation next but below 2%).
May 01, 2018 at 06:26
In terms of economic indicators, consumption-related inflation, the measure most considered by the Fed, stood at 1.90% in March, compared to the same month last year, which puts it at highest level of the last 17 months. In the same month, household income increased 0.30% (vs. 0.40% estimated) and expenses grew 0.40% (vs.
