Friday Overview of the Global Markets

Sera Akinci  |  April / 5. Week

The gold prices are steady on Friday due to global geopolitical tensions and the demand for the ‘’safe haven’’. The investors are also waiting for the US economic reports to be released later on today. Notwithstanding, the market sentiment dropped weak after Donald Trump’s ‘’renegotiating or terminating a horrible deal with South Korea’’ announcement.

In the last week of the month, the investors were further dissatisfied by the lack of new details given about the tax reform plan as well as any possible tax changes which needed an approval by the House of Senate. 

The global stocks were close to record highs, with investors trading on improving global economic growth and strong profit margins of some important companies. Inc. And Alphabet Inc. have risen in post-closing operations, with the finances expected to come out well. PetroChina Co. re-gained profit due to the rise in oil prices.

The markets on the last week of April has been as followed this morning around 10 am GMT:

- EURUSD increased 0.59% to 1.0937

- GBPUSD increased 0.38% to 1.2952

- USDJPY increased 0.10% to 11.38

- AUDUSD increased 0.25% to 0.7484

- USDCAD has been more steady with an increase of 0.01% to 1.3636

- USDCNH decreased 0.06% to 6.8979

- BTCUSD decreased 2.64% to 1,302.27

On the other hand, the developing country currencies such as the Malaysian ringgit recorded its best performance in Asia this month; with an increase of 1.2% on a weekly basis. The Indian rupee INR is closing the month with a 1% increase after its fall in the last two weeks. The foreign investors bought a net of $6.5 billion in shares this year. The Taiwanese dollar TWD increased above $30 for the first time since 2014 against the USD on Wednesday and the TAIEX index gained 1.3% week-on-week with a slightly downturn on Friday. The Turkish Lira TRY also increased against the USD and GBP but fell 0.12% to 0.2579 against the EUR.

- S&P Features increased 0.08% to 2,388.00

- NASDAQ Futures increased 0.10% to 5,596.38

- DOW 30 increased 0.03% to 20,981.33

- DAX kept steady around 0.01% change at 12,440.00

- Nikkei 225 decreased 0.29% to 19,196.74

- US dollar index decreased 0.35% to 98.67

- Euro index increased 0.4% to 88.40
The US stock index futures had a little change on Friday as investors are waiting for the first-quarter report on GDP.


- Gold increased 0.22% to 1,268.58

- Silver increased 0.48% to 17.417

- Copper increased 0.12% to 2.596

- Crude Oil WTI increased 0.96% to 49.44

- Brent oil increased 0.89% to 52.28

- Natural gas kept steady at 3.239
Even though there was increase in the oil prices today, there are still concerns about a second straight weekly loos due to OPEC-led production cut fail which has significantly tightened an oversupplied market. That being said, the investors are waiting for the US drilling activity to be announced later on today.


- US 10-years yield increased 0.41% to 2.305
- US 30-years yield increased0.37% to 2.976
- US 2-years yield increased 0.31% to 1.262
What to watch out next week!

On Tuesday; 2nd of May, the investors will be looking out for the Reserve Bank of Australia’s (RBA) interest rate decision. Germany and the United Kingdom will also be announcing their Manufacturing PMI. Both forecasted around the same levels with the previous PMI’s.
On Wednesday, Germany will be announcing their unemployment change. United States will be announcing their; ADP non-farm employment change, ISM non-manufacturing purchasing managers index PMI, the crude oil inventories by the Energy Information Administration, FOMC statement and lastly; FED interest rate decision.
On Thursday, United Kingdom will announce their service PMI and Bank of Canada Governor Poloz will make an announcement about their short term interest rates.
On Friday, US will announce Non-farm payrolls and the unemployment rate as well as Canada announcing their employment change and their PMI.

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