August 9, 2018 - Vtrade - The Bell is about to Ring
1)
Trade Talks - US-Japan Meet
While the markets are still trying to get
stable around the on-going US China trade war, one of the main things to look
for is the outcome of the scheduled meeting today between US & Japan to
discuss the tariffs levied by US on Japanese automobiles and lessen the
positive expectations of having a free bilateral trade agreement expected by US.
President Trump is expected to target the
Japan’s trade surplus with the US apart from other things such as current
status of the “free and fair” trade talks that were supposed to take place
following the meeting between President Trump & Japanese Prime Minister
Shinzo Abe that happened earlier this year.
Meanwhile the ongoing trade war was fuelled yesterday with China imposing additional tariffs of 25% on US $ 16 Billion
worth of U.S. goods, as a counter measure to the planned extra duties extra
duties to be levied by U.S. on Chinese products.
2)
A new round of sanctions to hit Russia
The U.S. administration will punish
Russia with sanctions for poisoning an ex-spy and his daughter living in
Britain with a chemical weapon, the State Department said Wednesday.
The U.S. determined "the Government
of the Russian Federation has used chemical or biological weapons in violation
of international law or has used lethal chemical or biological weapons against
its own nationals, Spokeswoman Heather Nauert said as she included that the
sanctions will go into effect around August 22
The Russian ruble fell 1.2% against the
dollar, extending its losses for the week to two-year lows and sparked a wider
asset sell-off over fears that Moscow was locked in a spiral of never-ending
curbs by the West.
3)
US Dollar Domination Continues
Each time the US Dollar takes a break and
shuffles a little, it feels like a buying opportunity. As seen over the past
few months every time the greenback takes to correct itself a little bit, it
comes back with a new valour.
The three main causes favoring the
dollar:
-
U.S. Unemployment
is low, been around 4% mark
-
U.S. GDP figures
are showing a 4% annualized mark in the 2nd Quarter
-
Inflation is also
on the rise – CPI is close to 3% and Core CPI is also close enough at 2.3% YoY
increase
These are all positive figures recently
released and go a long way showing that the Dollar will continue its strength
for a decent coming time at least.
4)
Earning’s in focus today
Viacom, the parent company of MTV &
Paramount to release its earning today is one of the few last big earning’s
during the earning’s season of quarter 2. An EPS of US $ 1.07 with a Revenue of
US $ 3.27 Billion is the analysts’ forecast from the large media house.
Other high-profile names reporting
Thursday include, Norwegian Cruise Line (NYSE: NCLH), Dropbox (NASDAQ: DBX), Trade
Desk (NASDAQ: TTD), Universal Display (NASDAQ: OLED), Planet Fitness (NYSE: PLNT),
and Canada Goose (NYSE: GOOS).
Also, to watch for News Corp. (NASDAQ: NWSA)
and Tronc (NASDAQ: TRNC) who will report earnings today after market hours.
5)
Markets As Of Now:
|
DOW30 Futures
|
Nasdaq100 Futures
|
S&P Futures
|
|
25558.0
|
7474.25
|
2858.00
|
|
+22.0 / +0.09%
|
+2.50 / +0.03%
|
+3.00 / +0.11%
|
|
China - Shanghai
|
UK – FTSE100
|
GERMANY - DAX
|
|
2794.38
|
7701.2
|
12617.5
|
|
+50.31 / +1.83%
|
+3.2 / +0.04
|
-3.0 / -0.03%
|
Disclaimer:
Views are strictly
personal. This Interim Financial Results & News
posts or updates includes forecasts, projections and other predictive
statements that represent Vtrade's assumptions and expectations in light of
currently available information. These forecasts, etc., are based on industry
trends, circumstances involving companies and other factors, and they involve
risks, variables and uncertainties. The Group’s actual performance results may
differ from those projected in these Interim Financial Results. Consequently,
no guarantee is presented or implied as to the accuracy of specific forecasts,
projections or predictive statements contained herein.
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