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Wall Street Benchmarks Remain Solid

Published 10/18/2017, 04:11 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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US500
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DJI
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JP225
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DX
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IXIC
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NYA
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STOXX
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TOPX
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VIX
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* European benchmark index STOXX 600 closed flat due to expected EU inflation data and eased tensions in Spain.

* EURUSD parity depreciated by %0.04 and traded at 1.1765$ this morning. No critical data from the US and EU expected inflation supported the depreciation.

* In Wall Street the benchmark indexes maintained their influential positions. S&P 500 increased by %0.07 and DJIA by %0.13. However, some profit taking actions are seen in NASDAQ and NYSE, which lost value by %0.01 and %0.08 in order.

* High-profit expectations of the companies support the solid levels of benchmark indexes.

* The US dollar index increased by %0.04 and touched to 93.51$. The ten years US government bonds' yields inclined by %0.08 to %2.302 level by the announcements of FED Harker who supported the "rate hike" until the end of this year.

* Investors should be careful to S&P 500 VIX index, which keeps getting higher in straight two days. This morning, VIX was getting traded at 10.31$, which was 9.61$ last weak.

* Chinese Communist Party Congress keeps the pressure on the Asian markets, which left them a small area for the trades. Investors will be looking for middle term economic and financial program hints. On the other hand, Xi Jinping's will to strengthen his power and the idea of markets who decide the allocation of the resources are counted in the expectations.

* ishares MSCI all Asia except Japan lost value by %0.52 to the 75$. TOPIX was down by %0.09 and Nikkei was up bu %0.14.

* Due to the conference in China, some risk-away actions can be seen in the ten years Japanese government bonds' yields, which inclined by %1.45 to the %0.068 level.

* The negative sentiment and profit taking actions are expected to be seen in BIST 100.

* USDTRY has a high possibility to keep its trend parallel to the US Dollar index. On the other hand, EURUSD keeps losing value due to the negative news flow from Europe.

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