(time / country / index / period / previous value / forecast)
08:30 United Kingdom BBA Mortgage Approvals March 45.9
12:30 U.S. Durable Goods Orders March -2.8% 1.7%
12:30 U.S. Durable Goods Orders ex Transportation March -1.0% 0.5%
12:30 U.S. Durable goods orders ex defense March -1.9%
12:55 Canada BOC Gov Stephen Poloz Speaks
13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y February 5.7% 5.6%
13:45 U.S. Services PMI (Preliminary) April 51.3
14:00 U.S. Richmond Fed Manufacturing Index April 22
14:00 U.S. Consumer confidence April 96.2 95.9
22:45 New Zealand Trade Balance, mln March 339
Major U.S. stock-indexes lower on Monday as a drop in oil prices, lackluster quarterly earnings and an impending Federal Reserve meeting weighed on investor sentiment. The central bank's policymakers are expected to hold interest rates steady when they meet on Tuesday and Wednesday, but may tweak their description of the economic outlook to reflect more benign conditions. Oil prices fell about 1,5% after traders cited reports of a supply buildup, interrupting the stock market's long bull run.
Most of Dow stocks in negative area (23 of 30). Top looser - Caterpillar Inc. (CAT, -2,27%). Top gainer - McDonald's Corp. (MCD +0,90%).
All S&P sectors in negative area. Top looser - Basic Materials (-1,6%).
At the moment:
Dow 17815.00 -102.00 -0.57%
S&P 500 2074.50 -11.50 -0.55%
Nasdaq 100 4452.50 -13.25 -0.30%
Oil 43.12 -0.61 -1.39%
Gold 1242.40 +12.40 +1.01%
U.S. 10yr 1.90 +0.01
Stock indices traded lower on falling oil prices. Oil prices declined on profit taking and on concerns over the global oil oversupply.
The weaker-than-expected German Ifo data also weighed on stocks. German Ifo Institute released its business confidence figures for Germany on Tuesday. German business confidence index fell to 106.6 in April from 106.7 in March, missing expectations for an increase to 107.0.
"Although companies were somewhat less satisfied with their current situation, their business expectations brightened once again. The moderate upturn in the German economy continues," Ifo President Clemens Fuest said.
The Ifo current conditions index decreased to 113.2 from 113.8. Analysts had expected the index to remain unchanged at 113.8.
The Ifo expectations index climbed to 100.4 from 100.0, missing expectations for a rise to 100.8.
The Confederation of British Industry (CBI) released its industrial order books balance on Monday. The CBI industrial order books balance rose to -11 in April from -14 in March, beating expectations for a decline to -15.
"Manufacturing has yet to pick-up after a flat start to the year, with falling orders providing little impetus for production. While expectations for the upcoming quarter are encouraging, manufacturers are still facing sizeable external headwinds," the CBI director of economics Rain Newton-Smith said.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,260.92 -49.52 -0.78 %
DAX 10,294.35 -79.14 -0.76 %
CAC 40 4,546.12 -23.54 -0.52 %
Polish equity market closed lower on Monday. The broad market measure, the WIG index, lost 0.63%. Except for informational technology sector (+0.21%) and food sector (+0.84%), every sector in the WIG Index fell, with chemicals (-1.51%) lagging behind.
The large-cap stocks' measure, the WIG30 Index, declined by 0.83%. In the index basket, clothing retailer LPP (WSE: LPP) continued to retreat, correcting downwards by 4.31% after a significant surge, which was recorded earlier this month. It was followed by chemical producer GRUPA AZOTY (WSE: ATT), genco ENERGA (WSE: ENG) and copper producer KGHM (WSE: KGH), plunging by 2.86%, 2.15% and 2.05% respectively. On the other side of the ledger, coking coal miner JSW (WSE: JSW) recorded the strongest daily performance, soaring by 7% on improved outlooks for the company. Among the other biggest gainers were bank MBANK (WSE: MBK), railway freight transport operator PKP CARGO (WSE: PKP) and agricultural producer KERNEL (WSE: KER), advancing 2.86%, 1.42% and 1.35% respectively.
European Central Bank (ECB) Executive Board member Peter Praet said on Monday that the economic recovery in the Eurozone was driven by domestic demand. He added that there were large imbalances in the Eurozone.
Praet pointed out that disposable income in the Eurozone was supported by recovery in labour market and lower oil prices, adding that there was gradual rise in residential investment.
The German think tank IW economic institute said on Monday that the slowdown in emerging economies and higher energy prices were risks to the country's economic growth. The uncertainty in emerging economies weighs on the German export sector.
IW expects the German economy to expand 1.5% in 2016 and 1.25% in 2017.
The People's Bank of China (PBoC) injected 267 billion yuan ($41 billion) into 18 financial institutions via medium-term lending facility (MLF) on Monday.
The reason for this injection could be the decision to boost liquidity.
The Bank of Japan (BoJ) released its Corporate Services Price Index (CSPI) data on late Sunday evening. Producer prices in Japan rose 0.6% in March, after a flat reading in February.
On a yearly basis, producer prices increased 0.2% in March, after a 0.2% rise in February.
The increase was driven by rises in software development, television advertising, temporary employment agency services, security services and employment services.
The European Central Bank (ECB) purchased €19.91 billion of government and agency bonds under its quantitative-easing program last week.
The ECB bought €1.76 billion of covered bonds, and the value of asset-backed securities fell by €45 million.
The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its March monetary policy meeting. The ECB also expanded its monthly purchases to €80 billion from €60 billion, to take effect in April. Purchases will include non-bank corporate debt.
The U.S. Commerce Department released new home sales data on Monday. New home sales decreased 1.5% to a seasonally adjusted annual rate of 511,000 units in March from 519,000 units in February. February's figure was revised up from 512,000 units.
Analysts had expected new home sales to reach 519,000 units.
The decrease was mainly driven lower sales in the West region. New home sales in the West region plunged 23.6% in March.
After 12 o'clock the situation on the markets of oil, silver, copper and gold was slightly improved. Such a gain in the raw materials sector may also affect other asset classes. For now we are talking about a relatively small approach, but which fits in quite a positive picture of raw materials in recent times (many of them are still consolidating near the recent highs).
Trading on Wall Street began with a small decline of 0.3%. It can be assumed that the decisions of Americans in the coming quarters may affect the level of global investment sentiment and thus consequently on our parquet. It should be also noted that the WIG20 recently shows a much higher correlation with the Polish currency. Till now the wave of the weakening of the domestic currency continues and it may be hard to find a factor for the rebound.
U.S. Stocks open: Dow -0.34%, Nasdaq -0.32%, S&P -0.32%
The National Bank of Belgium (NBB) released its business survey on Monday. The business climate rose to -2.4 in April from-4.2 in March. Analysts had expected the index to increase to -4.0.
2 of 4 indicators climbed in April.
The business climate index for the manufacturing sector was up to -4.9 in April from -7.9 in March due to a more favourable assessments of total order books.
The business climate index for the services sector fell to 10.8 in April from 11.2 in March due to a less favourable assessment of the current activity and a downward revision of forecasts for general market demand.
The business climate index for the building sector increased to -3.2 in April from -3.9 in March due to a more favourable assessment of current order books.
The business climate index for the trade sector dropped to -7.2 in April from -4.1 in March due to pessimism, which weighed on all components of the indicator.
USD/JPY 109.50 (USD 394m) 112.70 (2.2bln) 112.85 (1.95bln) 113.00 (1.27bln)
EUR/USD:1.1295-1.1300 (EUR 1.0bln) 1.1400 (1.26bln)
GBP/USD: 1.4130 (GBP 297m) 1.4300 (401m)
USD/CHF 0.9525 (USD 200m) 0.9675 (315m) 0.9785 (335m)
EUR/GBP 0.7865-67 (EUR 1.05bln)
AUD/USD: 0.7575 (AUD245m) 0.7650 (737m) 0.7715-20 (216m) 0
USD/CAD 1.2700 (USD 335m) 1.3100 ( 420m) 1.3125 (592m)
AUD/NZD 1.0900 (AUD 1.4bln) 1.1100 (1.31bln) 1.1200 (4.61bln) 1.1400 (1.85bln)
U.S. stock-index futures slipped.
Global Stocks:
Nikkei 17,439.3 -133.19 -0.76%
Hang Seng 21,304.44 -162.60 -0.76%
Shanghai Composite 2,946.96 -12.28 -0.41%
FTSE 6,272.54 -37.90 -0.60%
CAC 4,538.52 -31.14 -0.68%
DAX 10,285.55 -87.94 -0.85%
Crude $43.35 (-0.87%)
Gold $1236.40 (+0.52%)
Rating agency Fitch Ratings Friday affirmed Cyprus' sovereign debt rating at 'B+'. The outlook is 'positive'.
"Cyprus is undergoing a major financial sector, fiscal, and economic adjustment following the 2013 banking sector crisis and the ensuing EU/IMF bail-out programme. The country's early exit from the macroeconomic adjustment programme in March 2016 reflects a track record of fiscal consolidation, progress in financial sector restructuring and economic recovery," Fitch said.
The agency also said that the country's economic recovery was underway.
The economy is expected to expand around 2.0% in 2016-17, driven by household consumption, according to Fitch's forecasts.
(company / ticker / price / change ($/%) / volume)
ALCOA INC. | AA | 10.33 | -0.07(-0.6731%) | 55385 |
ALTRIA GROUP INC. | MO | 60.2 | -0.32(-0.5287%) | 2471 |
Amazon.com Inc., NASDAQ | AMZN | 618.79 | -1.71(-0.2756%) | 4903 |
Apple Inc. | AAPL | 105.11 | -0.57(-0.5394%) | 112601 |
AT&T Inc | T | 38.11 | 0.04(0.1051%) | 3555 |
Barrick Gold Corporation, NYSE | ABX | 16.26 | 0.14(0.8685%) | 20338 |
Boeing Co | BA | 130.7 | -0.35(-0.2671%) | 324 |
Caterpillar Inc | CAT | 78.86 | 0.54(0.6895%) | 5230 |
Chevron Corp | CVX | 101.85 | -0.16(-0.1568%) | 7150 |
Cisco Systems Inc | CSCO | 28.09 | -0.06(-0.2131%) | 565 |
Citigroup Inc., NYSE | C | 46.75 | -0.22(-0.4684%) | 15180 |
E. I. du Pont de Nemours and Co | DD | 66 | 0.03(0.0455%) | 1300 |
Exxon Mobil Corp | XOM | 87.34 | -0.19(-0.2171%) | 7469 |
Facebook, Inc. | FB | 110.13 | -0.43(-0.3889%) | 67009 |
Ford Motor Co. | F | 13.58 | -0.03(-0.2204%) | 20551 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 11.62 | -0.05(-0.4284%) | 146155 |
General Electric Co | GE | 30.54 | -0.22(-0.7152%) | 25992 |
General Motors Company, NYSE | GM | 32.15 | -0.03(-0.0932%) | 3660 |
Goldman Sachs | GS | 166.25 | -0.50(-0.2999%) | 840 |
Google Inc. | GOOG | 717.49 | -1.28(-0.1781%) | 2203 |
Intel Corp | INTC | 31.54 | -0.10(-0.3161%) | 19952 |
International Business Machines Co... | IBM | 148.26 | -0.24(-0.1616%) | 596 |
International Paper Company | IP | 42.94 | -0.42(-0.9686%) | 2000 |
JPMorgan Chase and Co | JPM | 63.85 | -0.12(-0.1876%) | 301 |
McDonald's Corp | MCD | 125.3 | -0.20(-0.1594%) | 1560 |
Microsoft Corp | MSFT | 51.6 | -0.18(-0.3476%) | 95186 |
Nike | NKE | 59.48 | 0.05(0.0841%) | 1345 |
Pfizer Inc | PFE | 33.24 | -0.03(-0.0902%) | 2412 |
Procter & Gamble Co | PG | 80.96 | 0.01(0.0124%) | 2474 |
Starbucks Corporation, NASDAQ | SBUX | 57.4 | -0.28(-0.4854%) | 6578 |
Tesla Motors, Inc., NASDAQ | TSLA | 253.7 | -0.05(-0.0197%) | 13743 |
The Coca-Cola Co | KO | 44.5 | -0.04(-0.0898%) | 7546 |
Twitter, Inc., NYSE | TWTR | 17.24 | 0.01(0.058%) | 32140 |
Verizon Communications Inc | VZ | 50.5 | -0.05(-0.0989%) | 904 |
Visa | V | 79 | -0.11(-0.139%) | 756 |
Wal-Mart Stores Inc | WMT | 69.17 | 0.45(0.6548%) | 200 |
Walt Disney Co | DIS | 103.66 | -0.11(-0.106%) | 1294 |
Yahoo! Inc., NASDAQ | YHOO | 37.5 | 0.02(0.0534%) | 5759 |
Yandex N.V., NASDAQ | YNDX | 18.05 | -0.03(-0.1659%) | 3020 |
Rating agency Fitch Ratings Friday affirmed Italia's sovereign debt rating at 'BBB+'. The outlook is 'stable'.
The agency noted that Australia's rating was supported by "a large, high value-added and diversified economy, with moderate levels of private sector indebtedness and a sustainable pension system".
"The ratings balance these structural strengths against high public debt and weak growth performance and outlook," Fitch added.
The agency also said that Italia's economic recovery was supported by the European Central Bank's (ECB) quantitative easing and low oil prices.
The economy is expected to expand 1.0% this year and 1.3% next year, according to Fitch's forecasts.
Upgrades:
Caterpillar (CAT) upgraded to Neutral from Sell at Goldman; target $78
Downgrades:
Intl Paper (IP) downgraded to Sector Perform from Outperform at RBC Capital Mkts; target $46
Other:
McDonald's (MCD) target raised to $140 from $135 at RBC Capital Mkts
General Electric (GE) target raised to $35 from $33 at RBC Capital Mkts
Freeport-McMoRan (FCX) target raised to $12 from $6.50 at RBC Capital Mkts
Honeywell (HON) target raised to $122 from $121 at RBC Capital Mkts
Honeywell (HON) target raised to $129 from $127 at Stifel
Tesla Motors (TSLA) target raised to $245 from $202 at Goldman; Neutral
Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
05:00 Japan Leading Economic Index (Finally) February 101.2 Revised From 101.8 99.8 96.8
05:00 Japan Coincident Index (Finally) February 112.3 Revised From 102.3 110.3 110.7
08:00 Germany IFO - Business Climate April 106.7 107 106.6
08:00 Germany IFO - Current Assessment April 113.8 113.8 113.2
08:00 Germany IFO - Expectations April 100 100.8 100.4
10:00 United Kingdom CBI industrial order books balance April -14 -15 -11
The U.S. dollar traded lower against the most major currencies ahead of the release of the U.S. new home sales data. New home sales in the U.S. are expected to rise to 519,000 units in March from 512,000 units in February.
The euro traded higher against the U.S. dollar despite the weaker-than-expected Ifo data from Germany. German Ifo Institute released its business confidence figures for Germany on Tuesday. German business confidence index fell to 106.6 in April from 106.7 in March, missing expectations for an increase to 107.0.
"Although companies were somewhat less satisfied with their current situation, their business expectations brightened once again. The moderate upturn in the German economy continues," Ifo President Clemens Fuest said.
The Ifo current conditions index decreased to 113.2 from 113.8. Analysts had expected the index to remain unchanged at 113.8.
The Ifo expectations index climbed to 100.4 from 100.0, missing expectations for a rise to 100.8.
The British pound traded higher against the U.S. dollar. The Confederation of British Industry (CBI) released its industrial order books balance on Monday. The CBI industrial order books balance rose to -11 in April from -14 in March, beating expectations for a decline to -15.
"Manufacturing has yet to pick-up after a flat start to the year, with falling orders providing little impetus for production. While expectations for the upcoming quarter are encouraging, manufacturers are still facing sizeable external headwinds," the CBI director of economics Rain Newton-Smith said.
EUR/USD: the currency pair rose to $1.1267
GBP/USD: the currency pair increased to $1.4518
USD/JPY: the currency pair fell to Y110.83
The most important news that are expected (GMT0):
13:00 Belgium Business Climate April -4.2 -4
14:00 U.S. New Home Sales March 512 519
EUR/USD
Offers 1.1265 1.1280 1.1300 1.1320 1.1335 1.1350 1.1385 1.1400 1.1420 1.1450
Bids 1.1220-25 1.1200 1.1180 1.1160 1.1150 1.1130 1.1100 1.1080 1.1050
GBP/USD
Offers 1.4450 1.4465 1.4480 1.4500 1.4525-30 1.4550 1.4575 1.4600
Bids 1.4420 1.4400 1.4385 1.4350 1.4320-25 1.4300 1.4280 1.4250 1.4230 1.4200
EUR/JPY
Offers 125.30 125.50 125.75 126.00 126.50 126.85 127.00
Bids 124.80 124.50 124.30 124.00 123.50 123.20 123.00
EUR/GBP
Offers 0.7825-30 07850 0.7880-85 0.7900 0.7920-25 0.7950 0.7980 0.8000
Bids 0.7750 0.7730 0.7700 0.7685 0.7650 0.7630 0.7600
USD/JPY
Offers 111.35 111.50 111.75-80 112.00 112.30 112.50 112.65 112.80 113.00
Bids 111.00 110.80 110.50 110.20 110.00 109.80 109.50 109.30 109.00 108.75 108.50
AUD/USD
Offers 0.7735 0.7750 0.7780 0.7800 0.7825-30 0.7850 0.7880 0.7900
Bids 0.7700 0.7680 0.7650 0.7620-25 0.7600 0.7585 0.7550 0.7530 0.7500
The Confederation of British Industry (CBI) released its industrial order books balance on Monday. The CBI industrial order books balance rose to -11 in April from -14 in March, beating expectations for a decline to -15.
"Manufacturing has yet to pick-up after a flat start to the year, with falling orders providing little impetus for production. While expectations for the upcoming quarter are encouraging, manufacturers are still facing sizeable external headwinds," the CBI director of economics Rain Newton-Smith said.
"The falling exchange rate should give some support to manufacturers, and investment intentions are strong," she added.
April 26
Before the Open:
3M (MMM). Consensus EPS $1.92, Consensus Revenue $7326.17 mln
Barrick Gold (ABX). Consensus EPS $0.10, Consensus Revenue $1992.95 mln
DuPont (DD). Consensus EPS $1.04, Consensus Revenue $7096.82 mln
Freeport-McMoRan (FCX). Consensus EPS -$0.16, Consensus Revenue $3523.13 mln
Procter & Gamble (PG). Consensus EPS $0.82, Consensus Revenue $15809.32 mln
After the Close:
Apple (AAPL). Consensus EPS $2.00, Consensus Revenue $51983.45 mln
AT&T (T). Consensus EPS $0.69, Consensus Revenue $41365.70 mln
Twitter (TWTR). Consensus EPS $0.10, Consensus Revenue $607.55 mln
April 27
Before the Open:
Boeing (BA). Consensus EPS $1.84, Consensus Revenue $21497.36 mln
Intl Paper (IP). Consensus EPS $0.69, Consensus Revenue $5201.31 mln
United Tech (UTX). Consensus EPS $1.40, Consensus Revenue $13186.01 mln
After the Close:
Facebook (FB). Consensus EPS $0.62, Consensus Revenue $5255.31 mln
April 28
Before the Open:
Altria (MO). Consensus EPS $0.68, Consensus Revenue $4423.15 mln
Ford Motor (F). Consensus EPS $0.46, Consensus Revenue $35824.85 mln
Yandex N.V. (YNDX). Consensus EPS $6.31, Consensus Revenue $15379.49 mln
After the Close:
Amazon (AMZN). Consensus EPS $0.59, Consensus Revenue $28013.61 mln
April 29
Before the Open:
Chevron (CVX). Consensus EPS -$0.16, Consensus Revenue $22735.35 mln
Exxon Mobil (XOM). Consensus EPS $0.32, Consensus Revenue $49910.59 mln
After the Close:
Berkshire Hathaway (BRK.B). Consensus EPS $2744.48, Consensus Revenue $52336.15 mln
After considerable downward impulse from the first hours of the session the light reflection and calm came onto the Warsaw market. However, the WIG 20 index recorded losses of about 1% compared to the level of the opening. European stock exchanges behave a little bit better. The German DAX lost 0.5% and the French CAC40 0.3%
In the mid-session WIG20 index was recorded at the level of 1,935 points (-0.93) with the turnover less than PLN 175 million.
Stock indices traded lower on falling oil prices. Oil prices declined on concerns over the global oil oversupply.
The weaker-than-expected German Ifo data also weighed on stocks. German Ifo Institute released its business confidence figures for Germany on Tuesday. German business confidence index fell to 106.6 in April from 106.7 in March, missing expectations for an increase to 107.0.
"Although companies were somewhat less satisfied with their current situation, their business expectations brightened once again. The moderate upturn in the German economy continues," Ifo President Clemens Fuest said.
The Ifo current conditions index decreased to 113.2 from 113.8. Analysts had expected the index to remain unchanged at 113.8.
The Ifo expectations index climbed to 100.4 from 100.0, missing expectations for a rise to 100.8.
Current figures:
Name Price Change Change %
FTSE 100 6,282.37 -28.07 -0.44 %
DAX 10,289.21 -84.28 -0.81 %
CAC 40 4,543.33 -26.33 -0.58 %
European Central Bank (ECB) Vice President Vitor Constancio said on Monday that financial integration in the Eurozone slowed recently. He pointed out that he banking union should be completed.
Japan's Cabinet Office released its final leading index data on Monday. The leading index decreased to 96.8 in February from 101.2 in January, down from the preliminary estimate of 99.8. It was the lowest level since February 2010.
January's figure was revised down from 101.8.
Japan's coincident index was down to 110.7 in February from 112.3 in January, up from the preliminary reading of 110.3.
The Spanish statistical office INE released its producer price index (PPI) data for Spain on Monday. The Spanish producer prices increased 0.7% in March, after a 1.3% fall in February.
On a yearly basis, producer price inflation in Spain fell 5.4% in March, after a 5.7% decline in February. Producer prices have been declining since July 2014.
Energy prices slid 17.7% year-on-year in March, capital goods prices rose 0.7%, and consumer goods prices were flat, while intermediate goods prices declined 2.7%.
USD/JPY 109.50 (USD 394m) 112.70 (2.2bln) 112.85 (1.95bln) 113.00 (1.27bln)
EUR/USD:1.1295-1.1300 (EUR 1.0bln) 1.1400 (1.26bln)
GBP/USD: 1.4130 (GBP 297m) 1.4300 (401m)
USD/CHF 0.9525 (USD 200m) 0.9675 (315m) 0.9785 (335m)
EUR/GBP 0.7865-67 (EUR 1.05bln)
AUD/USD: 0.7575 (AUD245m) 0.7650 (737m) 0.7715-20 (216m) 0
USD/CAD 1.2700 (USD 335m) 1.3100 ( 420m) 1.3125 (592m)
AUD/NZD 1.0900 (AUD 1.4bln) 1.1100 (1.31bln) 1.1200 (4.61bln) 1.1400 (1.85bln)
German Ifo Institute released its business confidence figures for Germany on Tuesday. German business confidence index fell to 106.6 in April from 106.7 in March, missing expectations for an increase to 107.0.
"Although companies were somewhat less satisfied with their current situation, their business expectations brightened once again. The moderate upturn in the German economy continues," Ifo President Clemens Fuest said.
The Ifo current conditions index decreased to 113.2 from 113.8. Analysts had expected the index to remain unchanged at 113.8.
The Ifo expectations index climbed to 100.4 from 100.0, missing expectations for a rise to 100.8.
Head of the Eurogroup Jeroen Dijsselbloem said on Friday that Greece should prepare additional measures to guarantee to be able to reach fiscal targets.
"We came to the conclusion that the policy package should include a contingent package of additional measures that would be implemented only if necessary to reach the primary surplus target for 2018," he said.
U.S. President Barack Obama said in an interview with BBC that it could take 10 years to reach a trade deal with the U.S. if Britain would leave the European Union (EU).
"It could be five years from now, 10 years from now before we're actually able to get something done," he said.
Obama noted that Britain would not reach a trade deal with the U.S. faster that the EU. He added that the EU was the largest trading partner of the U.S.
The oil driller Baker Hughes reported on Friday that the number of active U.S. oil rigs fell by 8 rigs to 343 last week. It was the lowest level since 2009.
The number of gas rigs declined by 1 to 88.
Combined oil and gas rigs decreased by 9 to 431.
Futures market (WSE: FW20M16) started the new week with an increase of 0.16% to 1,938 points.
WIG20 index opened at 1940.55 points (-0.13%)*
WIG 48,365.58 -0.17%
WIG30 2,162.52 -0.30%
mWIG40 3,667.91 0.04%
*/ - change to previous close
In the beginning of trading, the turnover on the WIG20 was very low. So far, it looks that at least in terms of activity this will be a slow Monday. The German DAX looked up slightly, so the start of the week is colored neutrally so far, relative to the Friday's closing.
The last week of April will start off with a series of events that may have a significant impact on the market sentiment. A number of S&P companies will announce their results this week, and most attention will be focused on such giants as Apple (today after the session) or Facebook (Wednesday after the session). The most important event in the macro calendar of this week will be FOMC Statement on Wednesday's evening.
The morning moods are bearish, Asia is dominated by sellers, and contracts in the US have also slightly adjusted after a higher opening. The end of Friday's session in the US was neutral for the S&P500, but there was the decline on the Nasdaq where we saw negative echo of somewhat disappointing results by Google and Microsoft.
The WSE remains in consolidation with better performance displayed by smaller companies. The period when we could expect the blue chips to drive the WIG20 above the level of 2,000 points is likely over, and we assume continuation of the correction of the previous growth.
The yen hit a three-week low on Monday on expectations the Bank of Japan could start lending to banks at negative rates, while sterling hit a five-week high in reaction to President Barack Obama urging Britons to stay in the European Union. On Friday, the yen fell 2.1 percent - its biggest fall since the day BOJ Governor Haruhiko Kuroda unleashed his second easing in October 2014 - after Bloomberg reported that the Bank of Japan is considering applying negative rates to its lending program for financial institutions.
But traders are also wary that further BOJ easing may have limited impact in weakening the yen, as did the introduction of negative interest rates in January. With much of any further easing already priced in, the yen may have limited room to fall further after the BOJ's policy meeting on April 27-28, some analysts also said.
EUR/USD: during the Asian session the pair rose to $1.1245
GBP/USD: during the Asian session the pair rose to $1.4465
USD/JPY: during the Asian session the pair dropped to Y111.00
Based on Reuters materials
EUR / USD
Resistance levels (open interest**, contracts)
$1.1352 (2328)
$1.1300 (1021)
$1.1269 (452)
Price at time of writing this review: $1.1240
Support levels (open interest**, contracts):
$1.1193 (3210)
$1.1145 (3384)
$1.1112 (3718)
Comments:
- Overall open interest on the CALL options with the expiration date May, 6 is 37758 contracts, with the maximum number of contracts with strike price $1,1400 (4725);
- Overall open interest on the PUT options with the expiration date May, 6 is 50583 contracts, with the maximum number of contracts with strike price $1,0900 (4685);
- The ratio of PUT/CALL was 1.34 versus 1.31 from the previous trading day according to data from April, 22
GBP/USD
Resistance levels (open interest**, contracts)
$1.4702 (1171)
$1.4604 (1535)
$1.4507 (2025)
Price at time of writing this review: $1.4426
Support levels (open interest**, contracts):
$1.4294 (559)
$1.4196 (1102)
$1.4098 (1991)
Comments:
- Overall open interest on the CALL options with the expiration date May, 6 is 24567 contracts, with the maximum number of contracts with strike price $1,4400 (2042);
- Overall open interest on the PUT options with the expiration date May, 6 is 31279 contracts, with the maximum number of contracts with strike price $1,3850 (4025);
- The ratio of PUT/CALL was 1.27 versus 1.24 from the previous trading day according to data from April, 22
* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.
** - Open interest takes into account the total number of option contracts that are open at the moment.
(raw materials / closing price /% change)
Oil 43.75 +0.05%
Gold 1,233.70 +0.30%
(index / closing price / change items /% change)
Nikkei 225 17,572.49 +208.87 +1.20 %
Hang Seng 21,467.04 -155.21 -0.72 %
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CAC 40 4,569.66 -13.17 -0.29 %
Xetra DAX 10,373.49 -62.24 -0.60 %
FTSE 100 6,310.44 -71.00 -1.11 %
CAC 40 4,569.66 -13.17 -0.29 %
Xetra DAX 10,373.49 -62.24 -0.60 %
(pare/closed(GMT +3)/change, %)
EUR/USD $1,1223 -0,54%
GBP/USD $1,4399 +0,57%
USD/CHF Chf0,9783 +0,38%
USD/JPY Y111,78 +2,11%
EUR/JPY Y125,47 +1,59%
GBP/JPY Y160,93 +2,67%
AUD/USD $0,7708 -0,38%
NZD/USD $0,6850 -0,91%
USD/CAD C$1,2666 -0,48%
(time / country / index / period / previous value / forecast)
05:00 Japan Leading Economic Index February 101.8 99.8
05:00 Japan Coincident Index February 113.5 110.3
08:00 Germany IFO - Business Climate April 106.7 107
08:00 IFO - Current Assessment April 113.8 113.8
08:00 Germany IFO - Expectations April 100 100.8
10:00 United Kingdom CBI industrial order books balance April -14 -15
13:00 Belgium Business Climate April -4.2 -4
14:00 U.S. New Home Sales March 512 519