Friday's session on Wall Street ended with no surprises. The US market fell in the first minutes of the session and till the end of the day there was no new content. Reasons for the decline in US stock prices were largely the same as in Europe. The decline in profitability of debt and capital flight to "safe havens", rising of the dollar and falling of oil prices.
Currently we see decline in trading of futures on the S&P500, which will have it's significance for openings in Europe. We constantly see the pressure on the currency market, where overestimated are EURUSD and USDJPY pairs - classical behavior when the stock markets appear aversion to the risk. Asian markets show a clear decline, the Nikkei index is currently falling more than 3 percent.
The price of oil also drops , but important for the WIG20 and KGHM, the price of copper recorded strong growth, associated with the defense of the contracts the psychological barrier of 200 US cents per pound. All of the morning mixture is declining and this should translate into the red beginning of the day in Europe.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.