Dax 30; Ftse 100; SP 500 - Market View

[psaTrading]

During this week the Earnings Season in Europe gains more intensity, since a greater number of companies will present their quarterly accounts. However, the energy sector may be influenced by the Reuters news that energy ministers from OPEC countries and other major oil producers have reported a positive start to the reduction of oil production. During the Asian session, the Dollar depreciated, with the Euro reaching the highest level of the last month. This afternoon will be disclosed the consumer confidence index for the Euro Zone during January, which is expected to recover from the previous -5.1 to -4.8.

 

[psaTrading]

Asian markets are mirroring the uncertainty surrounding the US President’s policies, including the announcement of the withdrawal of the free trade agreement under the transpacific partnership, better known as TPP, which Pacific Ocean. This measure, according to Donald Trump, will protect American workers.

 

[psaTrading]

The trend Of the S&P should dictate the course of the European markets and thus the period of greater volatility in the US should quickly spread to Europe, giving rise to a pattern similar to that of Wall Street.

 

[psaTrading]

In Italy, the constitutional court rejected part of the electoral law, known as Italicum, which envisaged a second round of ballottaggio elections between the two most voted parties, expected to happen if no political force reached the 40% mark, But kept the clause that automatically guarantees the parliamentary majority to any party that gets 40% of the votes.

 

[psaTrading]

Prices in Japan declined in December at a slower pace, thus giving the economy a sign of progress: the consumer price index dropped by 0.20% over the same period in 2015, after the previous decline of 0.40%.

 

[psaTrading]

Many of the Asian markets are due to be closed this week, as the Chinese New Year (New Year Lunar), the Year of the Rooster, began on Saturday. Although China uses the Gregorian (global) calendar for most official and business events, the Chinese calendar is still used to determine the days of traditional festivals, such as New Year’s Day, celebration of some birthdays, as well as Use of agriculture (planting, harvesting, etc.) and to identify the 4 seasons. The festivities begin on the day before New Year’s Day and run until February 3 (the day the Chinese stock market reopens), celebrated in several countries in Southeast Asia where there is a significant Chinese population as Taiwan, Singapore, Thailand, Cambodia, Malaysia, among other countries, beyond, of course, China. Since the 1950s the Rooster years have recorded the worst average performances of the S & P500 when compared to the remaining animals of the Zodiac. In the last 50 years, there was an average devaluation of this index of 4.10%.

 

[psaTrading]

Investors will be attentive to business results and published economic indicators, as well as developments regarding US President Donald Trump’s policies and measures, including the most recent issue related to immigration policy, Even because some major companies such as Google, Apple and Facebook have been critical of some of the new President’s initiatives.

 

[psaTrading]

The U.S. economy is seen as stable.

 

[psaTrading]

We might watch to a narrow day in the markets tomorrow.

 

[psaTrading]

The forum is a big help.
Which you all a nice trading week.