Home » Economy » +++ Stock ticker +++ – Economic data help US stock exchanges – Korea worries remain News

+++ Stock ticker +++ – Economic data help US stock exchanges – Korea worries remain News

Wednesday, August 30th, 2017 | Economy

22:45
The Dow Jones Index of Standard Values ​​rose by 0.1 percent to 21,890 points. The broader S & P 500 added 0.5 percent to 2457 counts. The index of the Nasdaq technology market climbed by 1.1 per cent to 6368 positions. In Frankfurt, the Dax closed 0.5 percent stronger with 12,002 points.
According to Börsians, the good economic data from Wednesday data increase the likelihood of further rate hike by the US bank later this year. This boosted the share price of banks, which would benefit from higher interest rates. The titles of Goldman Sachs about increased.
On Wednesday, investors were also closely followed by a trumps on their tax reform plans. However, Trump only reaffirmed its goal of reducing corporate taxes to 15 percent. He did not propose a new plan.
Read the full report from New York here.
The S & P 500 marks its longest win streak in 3 months as the stock market ends higher https://t.co/yIYhVfJgcF pic.twitter.com/FYIZyYIcUl
– MarketWatch (@MarketWatch) August 30, 2017
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17:30
The Swiss stock exchange went on a recovery course on Wednesday and has tended to be stronger. The SMI rose by 0.4 percent to 8851 points. On Tuesday the lead index fell by 0.6 percent. Positively assessed market participants indicated that the SMI had returned to the trading range, which had been valid for months, ranging from 8800 to 9200 meters.
The US economic data provided strong impulses: The world's largest economy grew surprisingly strongly by three percent in the second quarter. In addition, the US private sector created 237,000 new jobs in August – about a quarter more than expected. On Friday the official job statistics are published. This is indicative of the timing and pace of the expected US interest rate hikes.
The Baloise shares were in demand. After a temporary increase of 159.60 Swiss francs, the highest level in 16 years, the insurer's shares were still trading 1.3 per cent higher at 151.60 Swiss francs.
An increase in bond yields encouraged investors to buy the recently acquired bank shares: the Credit Suisse and UBS stocks advanced by 0.6 and 0.8 percent.
In the broad market, Goldbach shares accounted for 6.5 per cent of the market. The advertising company increased its half-year profit by 24 per cent to 4.6 million Swiss francs and generated a net profit for the year as a whole – ten to twelve million Swiss francs.
Read the detailed final report here.
+++
15:45
A new round in the verbal strike exchange between Donald Trump and North Korea superimposed pleasing US economic data on Wall Street. The stock indexes Dow Jones and S & P 500 were down on the downside on Wednesday, respectively. The Nasdaq held just above its closing price on Tuesday.
Börsians had initially hoped for a more diplomatic response from the US to the North Korean rocket test on Tuesday. President Trump, however, announced on the short news service Twitter: "The US has been talking with North Korea for 25 years and paying extraordinary amounts, conversations are not the answer!"
The U.S. Has been talking to North Korea, and paying them extortion money, for 25 years. Talking is not the answer!
– Donald J. Trump (@realDonaldTrump) August 30, 2017
A sell-out on the stock markets is not yet to be feared so far, said Peter Cardillo, chief economist of the brokerage house First Standard Financial.
The world's largest economy grew surprisingly by three percent in the second quarter. In addition, the US private sector created 237,000 new jobs in August – about a quarter more than expected.
ADP says the U.S. Added 237,000 jobs in August (vs. 185,000 estimated) https://t.co/1yMfkDAQPE pic.twitter.com/b7zxGi3Gg3
– Bloomberg Markets (@markets) August 30, 2017
Bank of America's focus is on equities, with shares up 0.7 percent. Star investor Warren Buffett has risen with his company Berkshire Hathaway as the largest owner of the money house.
+++
13:45
Oil prices fell on Wednesday. As a result, the losses on the oil market have continued consistently since the beginning of the week. A barrel (159 liters) of the North Sea Brent for delivery in October cost around 51.62 USD at noon. That was 38 cents less than the previous day. The price for a barrel of the American variety West Texas Intermediate (WTI) fell by 20 cents to 46,24 dollars.
"The Hurricane Harvey, which has been graded to a tropical storm, keeps the oil market still in the air," was the analysis of commodity experts at Commerzbank. Since Monday, the effects of the cyclone have burdened the oil prices. Parts of the oil industry on the southern coast of the USA have been flooding. Analysts believe that currently about 22 percent of the capacity of the refineries in the US is not available.
Harvey makes landfall in Louisiana as a 'life-threatening' flooding developed https://t.co/01z6828Lhs
– MarketWatch (@MarketWatch) August 30, 2017
+++
12:18
On Wednesday, the Swiss stock exchange has turned to a tentative recovery course. Traders were disappointed in the fact that the courses did not attract more strongly from the USA and Asia. The SMI rose by 0.2 percent to 8835 points. On Tuesday the lead index fell by 0.6 percent. Positively valued market participants that the SMI had returned to the trading range, which has been valid for some time, ranging from 8800 to 9200 meters.
The mood of the North Korean crisis also did not escalate. But the conflict continued to simmer, warning traders.
In the afternoon, retailers hope to get fresh impulses from the employment report of the private US employment agency ADP. They will provide a taste for official job statistics, which will be on Friday and provide indications of the timing and pace of the expected US interest rate hikes.
The Baloise shares were in demand. After a temporary increase of 159.60 Swiss francs, the highest level since 16 years, the insurer's shares were still traded by 1.5 per cent higher at 151.90 Swiss francs. Other insurers largely re-initialed initial price gains.
An increase in bond yields encouraged investors to buy the recently acquired bank shares: Credit Suisse securities accounted for 0.4 percent and UBS 0.5 percent.
The shares of the pharmacologically safe Novartis and Roche pharmacies were 0.1 and 0.3 percent. With Nestle, the third index heavyweight also gained slightly value.
Read the full lunch report here.

+++
10:36
With investors' worries about the North Korean conflict, investors are back with dollars on Wednesday. The US currency made good for the euro and the yen bottom. The Community currency slid to 1.1940 dollars, more than a US cent below the two-and-a-half-year high of 1.2069 dollars on Tuesday. The greenback to the Yen rose to 110.09 yen from 109.02 yen on Tuesday evening in New York. The Dollar Index also gained 0.3 percent. Many investors have also reversed their euro positions against a series of economic data. Really, apparently, the market does not seem to be the high euro prices, said Commerzbank analyst Thu Lan Nguyen. And: Many investors are relieved that US President Donald Trump on the North Korean missile shell over Japan on Tuesday has been less aggressive and somewhat more diplomatic than last, said a trader.
+++
09:20
The Swiss stock market can recover from the losses of the previous day on Wednesday's trading start. The Swiss Market Index rose by 0.6 percent on Wednesday in early trading. The best stock is Adecco with a plus of 1.3 percent. Positive outliers are Baloise (+5 percent). With the key figures presented in the morning, the insurer surpassed analysts' expectations.
The heavyweights Nestlé, Novartis and Roche (all around +0.5 percent) all tend to be within the overall market. Swiss Re (+0.9 per cent) and Zurich (+0.7 per cent) also recorded higher on the day following the generally bad stock market stance, but also because of the storm "Harvey" raging in the USA. Credit Suisse (+1.1 percent) and UBS (+0.6 percent) are also back on track
In the broad market, GAM (+1.4 percent) are slightly stronger than the broad mass. UBS increased the price target for the Asset Manager's share, but left it as "neutral". The share of the advertising market Goldbach increases by 3 per cent because of the half-year figures.
+++
08:25
Meanwhile, stock trading in Asia has ended. The exchanges there have recovered from the horror of a new North Korean rocket test over Japan. Above all in Tokyo, the courses started again. The Nikkei index closed with 19'506 meters 0.8 percent higher. On Tuesday he was temporarily down to the lowest level in almost four months due to the recent rocket test of North Korea. The broader topix gained 0.6 percent. Among other things, export values ​​were in demand, as the yen fell again. Isuzu Motors and Panasonic Corp increased by just under one percent. At the Chinese stock exchanges the courses hardly came from the spot. The Bluechip Index and the Shanhai Composite have hardly changed.
+++
08:10
Banks and brokers predicted an increase of around 0.4 percent in the Swiss Market Index. However, the conflict continues to swarm, traders warned. North Korea announced further action against the US, while the UN Security Council described the Monday test as a monstrous danger. Equities with the most significant advances in the SMI are ABB and UBS, each with a plus of 0.32 percent. Baloise's mid-caps are up 2.2 percent on the half-year figures.
#Baloise @Baloise_Group #Varriers #Switzerland #Aktien https://t.co/Pfxy7bmXyH
– cash (@cashch) August 30, 2017
In addition, a number of economic data keep investors on track. In the USA, Börsians are eagerly awaiting the employment report of the private employment agency ADP. They give a taste for the official data on Friday, from which investors are predicting the timing and pace of the expected US interest rate hikes. In addition, the second estimate of US growth is in the second quarter.
On Wall Street, the major indices were up slightly on Tuesday after trading in Europe: the Dow Jones and the Nasdaq each closed 0.3 percent higher, while the S & P500 gained 0.1 percent.
+++
07:30
Oil prices fell further on Wednesday. A barrel (159 liters) of the North Sea Brent for delivery in October cost 51.79 US dollars in the morning. This was 0.4 percent less than the previous day. Since the beginning of the week, the impact of the tropical cyclone "Harvey" has been weighing oil prices. Parts of the oil industry on the southern coast of the USA have been flooding. Analysts believe that currently about 22 percent of the capacity of the refineries in the US is not available. This has a strong impact on the demand for crude oil.
+++
07:15
The safe "safe harbor" gold remains in demand after North Korea's rocket attempt on Tuesday. At the end of the morning, the finunun cost 0.212% more at 1312 US dollars. This remains the highest level in almost a year. Some banks see gold still rising further:
The #gold price is $ 0 .00 per ounce next year, according to Bank of America Merill Lynch analysts: https://t.co/q390YhqMlE pic.twitter.com/MUugz5BobF
– InvestingNewsNetwork (@DigMedia) August 29, 2017
+++
06:33
The Nikkei index with the default values ​​gained 0.55 percent to 19'468 points. On Tuesday he was temporarily down to the lowest level in nearly four months due to the recent North Korea rocket test. "If there is no military strike from North Korea or the USA, the market is likely to pick up again very quickly," said Toru Ibayashi of the UBS asset management in Tokyo.
The broader topix increased by 0.4 percent to 1604 counts. Among other things, export values ​​were in demand because the yen fell in value and the US stock markets also performed well.
#Nikkei recovers from near 4 month low after #NorthKorea Korea fears ebb https://t.co/kUbI83PDyS pic.twitter.com/i4S0ZZe4cM
– BusinessLine (@businessline) August 30, 2017
(Cash / Reuters / AWP)

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