Tuesday, 23 May 2017
Wall Street extends recovery as Trump trip moves forward; fresh data in focus
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Wall Street
US equities were set for a higher open on Tuesday, as market participants looked ahead of fresh economic data and speeches from FOMC officials later in the day.
Markets ended in green territory on Monday, recovering from last week’s unexpected plunge over concerns that Trump won’t be able to deliver his top economic promises in the near term.
The Dow Jones industrial average added nearly 90 points by the end of the session, with Boeing and 3M moving ahead of others. Information technology supported the S&P 500 index, keeping its place as the best-performing sector this year. The Nasdaq composite rose by 0.82 percent.
- Dow Jones Industrial Average: +89.99 / +0.43% / 20894.83
- Standard & Poor’s 500: +12.29 / +0.52% / 2394.02
- Nasdaq Composite: +49.92 / +0.82% / 6133.62
Both leaders agreed for a closer cooperation to fight terrorism and promote peace, security and stability for the region. In this regard, Trump’s next stop will be with Palestinian Authority President Mahmoud Abbas to articulate peace and solve a historic conflict between countries.
Trump arrived to Israel after visiting Saudi Arabia, where he closed a multi-billion-dollar weapon deal that skyrocketed defense and military related stocks.
This trip served well the Trump administration to cool down a political scandal involving former FBI Director James Comey and his then-National Security advisor Michael Flynn. Reports saying Trump asked Comey to halt an investigation into Flynn over Russian influence on the presidential elections sent stocks to the ground, marking the worst session of this year so far.
Geopolitical tension in the Korean peninsula was also eyed by market players as Pyongyang successfully launched a middle-range ballistic missile. Kim Jong-un’s government announced that mass production of this precise missile is being analysed.
No major news were scheduled on Monday and Wall Street focused on several speeches from Federal Reserve policymakers ahead of Wednesday’s minutes release.
The agenda looks more promising today, with manufacturing and services PMI for May set at 13:45 GMT. New home sales for April are due as of 14:00 GMT. Again, FOMC Kashkari and Harker are taking the microphone this evening at 19:15 GMT and 21:00 GMT respectively.
Are you a “green” investor?
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trading tips
And don’t get wrong... by “green” I am not talking about your willingness to eat a beef steak. Green investments refer to businesses that focus on the conservation of natural resources, the development of alternative energy sources and other environmentally safe activities.
Examples? Water purification systems, solar energy panels, recycling efficiency, hydrogen or electric cars, low consumption lighting systems, among many others.
I know… “green” sounds a bit boring, but the real fact is that green investments can be even more attractive and riskier than regular top-tier stocks. Why? Because most of them are just starting off, working on completely out-of-the-cage products. If you pay attention, green stocks are usually defined by low revenues and big earnings valuations.
While green investments are not yet super popular among retail investor, you can easily find different options to include in your portfolio. For instance, if you are looking for low risk alternatives, you should look into government bonds or ETFs. In case “risk” is your second name, then you could contemplate mutual funds targeting green stocks.
Believe it or not, renewable energy, one of the most popular green investments, is now the fastest-growing energy sector worldwide, which calls for a stronger demand in 2017.
To help investors research alternative energy stocks, we're giving you a list of the best-performing clean energy stocks this year based on share-price growth.
In fact, the US Environmental Protection Agency estimates that by 2040, global energy demand will rise 25 percent, a projection impossible to reach unless renewable energy comes into play.
According to agency, wind energy is expected to grow by 118 percent, while solar energy is looking at an even greater potential expansion of 376 percent.
Traditional fossil energy sources are limited and overtime, we will all be forced to change for cleaner alternatives to move around, use our devices, etc. That’s precisely why putting a coin on the future might sound a bit crazy today, when headlines are determined by OPEC’s output cuts and increasing shale oil production in the United States.
What’s next? – GOLD, OIL 23.05.17
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what’s next
Gold prices moved higher in Asian hours on Tuesday as an explosion at a music concert in Manchester killed more than twenty people and injured few dozens.
Police said the blast is being treated as a terrorist attack, adding that counter-terrorism police and intelligence agencies are collaborating in the investigation.
On the Comex division of the New York Mercantile Exchange, gold for June delivery was trading at $1254.10 a troy ounce as of 06:55 GMT.
The yellow metal settled higher on Monday, as the greenback extended losses, with the euro moving to its highest point in six months due to rising concerns over the Trump administration.
Based on that same topic, bullion rose more than 2 percent last week, as doubts that President Donald Trump won’t be able to deliver economic promises weighed on investors, increasing demand for safe-haven assets such as gold.
The dollar had one of its worst weeks this year, as expectations for implementing a long-awaited tax reform, deregulation initiatives and infrastructure spending spending vanished on political uncertainty. Several GOP members suggested an independent investigation into Trump.
Gold is very sensitive to changes in the US dollar. A weaker currency makes the precious metal more attractive for investors holding foreign currencies.
OIL
Oil benchmarks headed south in Asian trade on Tuesday as market players opted to take profits following a deadly explosion in Manchester, which killed more than twenty people and it’s being investigated as a potential terrorist attack.
The US West Texas Intermediate oil futures traded at $50.67 a barrel on the New York Mercantile Exchange, down 0.90 percent from its prior close. The international Brent crude oil futures fell 0.84 percent to trade at $53.42 a barrel as of 06:55 GMT.
On Monday, a report of Goldman Sachs analysts warned investors that while extending OPEC-led cuts for a nine-month period could normalize OECD stockpiles next year, surplus remains a threat if key producers like Russia quickly recover their capacity once the deal is off.
"A nine-month extension would normalize OECD inventories by early 2018, in our view, but we see risks for a renewed surplus later next year if OPEC and Russia's production rises to their expanding capacity and shale grows at an unbridled rate," wrote Goldman’s team.
Crude futures settled in green territory on Monday amid rising expectations that OPEC and non-OPEC countries will extend production cuts until March 2017 later this week.
Iraqi Oil Minister Jabar Ali al-Luaibi confirmed on Monday that his nation has agreed to jump into this agreement and support the nine-month extension.
Saudi Energy Minister Khalid al-Falih looked for a more aggressive rhetoric, assuring no resistance is expected when voting on the extension of the output cuts on May 25 in Vienna.
There are still no much details on conditions of the extension, but analysts believe the initial 1.8 million barrels per day could stand steel for the time being. The oil cartel and other independent producers agreed to shred 2 percent of global oil production for six month back in Nov ‘16.
Monday, 22 May 2017
New contracts «CFD ETF»
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company news
ETF is the most progressive and rapidly increasing investment tool on the stock market. By buying ETF you invest in several largest companies thus diversifying your asset portfolio.
The company’s specialists have made a list of instruments that reflect the economic health of different countries and economic sectors such as #MALAYSIA (EWM), #INDONESIA (EIDO), #INDIA (ETN INP), #RUSSIA (RSX), #GERMANY (EWG), #CHINA (FXI), #TECHNOLOGY (XLK), #TELECOM (VOX), #REALESTATE (VNQ), #INDUSTRIAL (XLI) etc.
The «Fort Financial Services» company tends to comply with the high quality standards of the provided services. We are one of the few companies who allows to trade ETF via MT4 platform.
For details visit the "Contract Specifications" section on our website.
Fort Financial Services
How Trump scandal affects Fed interest rate hikes?
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fundamental review
Yes or no? With all this Trump-Comey scandal going on, it’s more and more difficult to understand whether the Federal Reserve will continue to hike rates this year or take a step back and opt for a wait-and-see positioning.
According to CME Group’s FedWatch tool, chances for a rate move at the Fed’s June 13-14 monetary policy meeting are currently standing at 78.5 percent, notably lower than almost 85 percent reached at the beginning of May.
The US central bank has said as much as three rate hikes are likely to take place this year. The first rate increase was made not too long ago, in March to be precise. In that opportunity, Fed authorities decided to raise by 25 basis points its short term interest rate, leaving it between a range of 0.75 and 1.00 percent.
Last week, UBS analysts modified its timing for the two rate hikes still pending for 2017, but they didn’t not change the amount of rate moves due to the political turmoil affecting the new administration.
"We are modifying our timing of the two rate hikes this year, from July and December to June and September, in view of the March Federal Open Market Committee minutes that noted that the reinvestment policy will likely change 'later this year'", said UBS team.
Economists have pointed out that June seems more like a natural choice for the FOMC, but September should be looked with more caution as some delays are not totally discarded and in that sense, December would look as a possible match.
The Federal Reserve has been very clear about its intention to tighten up monetary policy from now on. Cleveland Fed President Loretta Mester has recently said that economic indicators remained strong for the time being and little changes won’t affect their ultimate plan.
However, news pointing at Trump for allegedly asking former FBI Director James Comey to drop an investigation into his then-National Security advisor Michael Flynn had a considerable weigh on American equity markets. To be fair, damage hasn’t been light at all and the Dow Jones industrial average suffered the most, plunging more than 370 points.
As several GOP members and Democrats voiced critics over President Donald Trump and suggested an independent investigation on the issue, concerns increased that the Republican leader will find a hard wall to pass new legislation in the Congress, especially its long-awaited tax reform, deregulation measures and fiscal spending plan.
Despite internal politics and macro data not being at their best, policymakers kept an optimistic rhetoric at the May meeting. While the interest rate was held unchanged, the tone was surprisingly bullish. Not once, Fed Chairwoman said that small variations are not going to change the overall picture for the regulator, meaning June is still part of the game and big choices are just around the corner.
What’s next? – GOLD, OIL 22.05.17
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what’s next
GOLD
Gold futures were trading higher in early hours on Monday, with traders looking ahead of Federal Reserve minutes from its last policy meeting and a revised reading on the US gross domestic product for the first quarter of this year.
On the Comex division of the New York Mercantile Exchange, gold for June delivery was 0.04 percent 1254.10, to trade at $1250.70 a troy ounce as of 06:50 GMT.
The yellow metal settled higher on Friday, extending gains as the dollar came under significant pressure in reaction to a political scandal affecting US President Donald Trump and members of his administration.
Concerns that the Republican leader won’t be able to deliver his economic promises boosted demand for safe-haven assets such as gold. Bullion prices usually benefit from periods of high market stress, as traders try to safeguard their capital from uncertainty.
Last week, the US Justice Department appointed a former FBI Director to serve in a special counsel created to investigate an alleged coordination between the Trump presidential campaign and Moscow. The appointment followed Trump’s firing of FBI chief James Comey, who was leading an investigation on that same topic.
The US dollar index, which gauges the greenback against a basket of six major rivals, was at 97.17 this morning. The index closed 0.79 percent to the downside on Friday, swinging around a six-month low at 97.00. The index showed its worst performance since mid-2016, slipping more than two percent last week.
Investors will be paying close attention to Wednesday’s Federal Reserve meeting minutes in search for clues on the timing of the next rate hike. According to Fed funds tracked by CME Group’s FedWatch program, chances for a June hike are currently standing at 78.5 percent.
OIL
Oil futures were higher in Asian hours on Monday, with market players turning their heads to the next OPEC meeting later this week, while still cautious about upcoming inventory data from the US Energy Information Administration.
The US West Texas Intermediate oil futures traded at $51.01 a barrel on the New York Mercantile Exchange, up 0.62 percent from its prior close. The international Brent crude oil futures soared 0.56 percent to trade at $53.91 a barrel as of 06:35 GMT. On weekly basis, WTI contracts added more than $2.49, while the London-based benchmark showed a $2.77 increase.
Crude benchmarks settled in green territory last week, adding more than five percent during the week on growing optimism that Organisation of Petroleum Exporting Countries and independent producers will extend its output cuts agreement beyond the June deadline.
Last week, OPEC’s de facto leader Saudi Arabia and Russia have said the extension of the deal is the way to go at this stage. Both nations also proposed a nine-month renewal, instead of the previously outlined six-month duration. Oil ministers are gathering in Vienna on Thursday May 25 for a final vote on the output cuts deal.
Cut levels hasn’t been decided quite yet, although analysts believe the current 1.8 million barrels per day sound like a reasonable target to be continued until March 2018. OPEC has reported good compliance with the deal in the last few months.
On Wednesday, the Energy Department will release its weekly report on crude and refined products stockpiles. Last week, the agency reported a 1.75 million barrels drop in crude inventories for the week ended May 12. Analysts had forecasted a 2.4 million barrels drawdown. While the reduction was considerably below expectations, investors were satisfied with the downtrend.
Baker Hughes will present its weekly oil rig count on Friday. The last report showed a rise of 8 rigs to a total of 720, marking an eleventh-straight week of increase that leaves it at the highest point since April 2015.
On the Comex division of the New York Mercantile Exchange, gold for June delivery was 0.04 percent 1254.10, to trade at $1250.70 a troy ounce as of 06:50 GMT.
The yellow metal settled higher on Friday, extending gains as the dollar came under significant pressure in reaction to a political scandal affecting US President Donald Trump and members of his administration.
Concerns that the Republican leader won’t be able to deliver his economic promises boosted demand for safe-haven assets such as gold. Bullion prices usually benefit from periods of high market stress, as traders try to safeguard their capital from uncertainty.
Last week, the US Justice Department appointed a former FBI Director to serve in a special counsel created to investigate an alleged coordination between the Trump presidential campaign and Moscow. The appointment followed Trump’s firing of FBI chief James Comey, who was leading an investigation on that same topic.
The US dollar index, which gauges the greenback against a basket of six major rivals, was at 97.17 this morning. The index closed 0.79 percent to the downside on Friday, swinging around a six-month low at 97.00. The index showed its worst performance since mid-2016, slipping more than two percent last week.
Investors will be paying close attention to Wednesday’s Federal Reserve meeting minutes in search for clues on the timing of the next rate hike. According to Fed funds tracked by CME Group’s FedWatch program, chances for a June hike are currently standing at 78.5 percent.
OIL
Oil futures were higher in Asian hours on Monday, with market players turning their heads to the next OPEC meeting later this week, while still cautious about upcoming inventory data from the US Energy Information Administration.
The US West Texas Intermediate oil futures traded at $51.01 a barrel on the New York Mercantile Exchange, up 0.62 percent from its prior close. The international Brent crude oil futures soared 0.56 percent to trade at $53.91 a barrel as of 06:35 GMT. On weekly basis, WTI contracts added more than $2.49, while the London-based benchmark showed a $2.77 increase.
Crude benchmarks settled in green territory last week, adding more than five percent during the week on growing optimism that Organisation of Petroleum Exporting Countries and independent producers will extend its output cuts agreement beyond the June deadline.
Last week, OPEC’s de facto leader Saudi Arabia and Russia have said the extension of the deal is the way to go at this stage. Both nations also proposed a nine-month renewal, instead of the previously outlined six-month duration. Oil ministers are gathering in Vienna on Thursday May 25 for a final vote on the output cuts deal.
Cut levels hasn’t been decided quite yet, although analysts believe the current 1.8 million barrels per day sound like a reasonable target to be continued until March 2018. OPEC has reported good compliance with the deal in the last few months.
On Wednesday, the Energy Department will release its weekly report on crude and refined products stockpiles. Last week, the agency reported a 1.75 million barrels drop in crude inventories for the week ended May 12. Analysts had forecasted a 2.4 million barrels drawdown. While the reduction was considerably below expectations, investors were satisfied with the downtrend.
Baker Hughes will present its weekly oil rig count on Friday. The last report showed a rise of 8 rigs to a total of 720, marking an eleventh-straight week of increase that leaves it at the highest point since April 2015.
Friday, 19 May 2017
Tips from the richest people in the world - Bill Gates
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motivation
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success tips
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this is interesting
“Never stop learning from your mistakes”.Bill Gates - an American business magnate, investor and philanthropist. Together with Paul Allen co-founded Microsoft which became the world’s largest PC company. In 1987 Bill was first included in the Forbes list of the world’s wealthiest people. From 1995 till 2007, in 2009 and since 2014 he is known as the richest person in the world. Every minute he earns something like 6659 USD, not bad, isn’t it? Bill encourages everyone not to give up when facing a mistake and not take it as a failure but instead as a chance to start all over but differently. Successful people learn from their mistakes while others get defeated. Learn the lesson and move on.
FortFS agrees with Bill's opinion and encourages you not to give up and continue chasing your dream.
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