Monday, December 25, 2017

Gold rises on the eve of the first meeting of the US President and the President of China China

Gold rises on the eve of the first meeting of the US President and the President of China China

The upcoming meeting Trump Jinping and had a negative impact on world stock markets and increased investor interest in gold.


Asian stock indexes fell on the eve of the US-China summit


Asian indices fall


Trading session in Asia, opened Tuesday decline after disappointing data on sales of cars in the United States, which contributed to the dismal day on Wall Street. Investors were also cautious will meet US President Donald Trump with the leader of China, Xi Jinping this week.


Nikkei 225 index in Japan fell to 18 810.25 (-0.9%) after yen up against the US dollar. South Korean Kopsi down to 2 161.10 (-0.3%). Australian S P / ASX 200 lost 0.3%, down to 5 856.60. Markets in the south-eastern part of Asia traded mixed.


Topix decreased to 1 504,54 (-0,8%), JPX-Nikkei 400 - 0.8% to 13 463.23. Markets in Hong Kong and Shanghai were closed due to national holidays.


The automotive sector disappointed investors


Investors have reduced the proportion of shares in their investment portfolios automakers after weak sales reports in March. Hyundai Motor shares fell 2.9%, its "daughter» Kia Motors - on 1,4%, Honda Motor - by 2.7% and Toyota Motor - by 1%.


Toshiba shares fell in price by 9% after the information in the media, citing anonymous sources. It is reported that the company may require additional financial support to cover their losses, after-owned American company Westinghouse Electric filed for bankruptcy.


US stock markets closed Monday negatively


Wall Street closed lower


Previous trading session the US markets began a sharp decline, but during the day they were able to recover ??. However, on the session averages indexes remained negative.


Dow Jones Industrial Average lost 0.1%, falling to 20 650,21, S P 500 goes to 2 358.84 (-0,2%), NASDAQ Composite - fell to 5 894.68 (-0.3%). smaller companies Russell 2000 stock index fell 1.2% to 1 369.67.


The yield on ten-year US Treasury bond fell two basis points to 2.33%.


US automakers, including Ford and General Motors, reported disappointing sales in March, that does not bode well for consumer spending in the US. Car sales in the US fell for the third consecutive month, down 1.6% to 1.55 million. machines.


Which may affect the markets today


Today, the markets are waiting for release trade balance and industrial orders for February.


Recovery of the mining sector has led to an increase in European markets


Car sales in Europe are falling


European stock indexes began today's trading growth, which contributed to the success of the shares of companies related to the oil and mining industries. In the automotive industry the eurozone, as well as in the United States, notes some negative trends.


STOXX 600 increased to 379.57 (+ 0.07%), and FTSE reached 7 311.25 100 points (0.39%). Shares of oil companies and enterprises of the mining sector showed an average increase of 0.5%, after declining the previous day.


Rotork shares jumped 5.6% after JP Morgan issued a "neutral" outlook on the manufacturer of valve control systems. A similar situation around Weir has led to higher prices for its shares by 2.3% following the recommendations of their purchase by Citigroup.


S P downgraded South Africa


Shares of South African Investec and Old Mutual companies have become outsiders, losing in the price of 3.2% and 2.7, respectively. The reason for the fall was the reduction of the credit rating S P Global Ratings RSA Negative.


In the automotive sector, the euro area average drop of major participants was 1%. The negative trend has not spared and major manufacturers, including Daimler, Peugeot and Renault.


Restoration of oil production in Libya has turned the market down


Libyan oil saddened "bulls"


The oil market began to decline on Tuesday amid recovery of raw material production in Libya, combined with an increase in the US rig.


As of 11:35 MSK, of Brent futures for delivery fell below the mark of $ 53.00 in June and May futures WTI fell to near $ 50.00.


Gold reached a one-week high


Investors are looking for stability in gold


The price of gold has gone up after the opening of the European markets, continuing the "bullish" trend, which has lasted for the third consecutive session.


Comex gold futures rose 0.5% to $ 1 259.80 per troy ounce. Spot gold rose to $ 1 257.80.


In contrast to the yellow metal, silver futures for May delivery fell to $ 18.36 (-0.8%).


Platinum strengthened at $ 959.40 (+ 0.1%), while palladium added 0.2% to $ 804.20 per ounce.


May futures on copper decreased by 0.3 cents to $ 2600 per pound.


The US trade balance is able to influence the market


Investors awaited the release of US trade deficit data. Projected to reduce to $ 44.8 billion. In February after a five-year high of $ 48.5 billion. A month earlier.


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