Trading Diary & Market Update ~ Thursday 12th April 2018
08:35am I have finished my trading for the week as we are off later this morning for Max’s wedding celebrations, I will be back in front of my screens next Tuesday (17th April)
Market Update:
U.S. equity markets are on alert and have fallen once again as President Trump taunts Russia and Syria on Twitter regarding a possible missile attack – both the Dow Jones 30 and S&P-500 closed down last night and there’s no sign yet in the futures markets that prices are rising this morning. Safe haven products such as Gold, Japanese Yen and U.S. Treasurys are on the rise, Gold ended last night at $1353.20, up by $13.20 and its best one day performance since the beginning of the month.
The overnight Asian trading session ended negatively with none of the major indices closing ahead as investor confidence disappears amid ongoing tensions in Syria and this is likely to continue for the next few days as any strike by the Americans will not be likely until the weekend. Across the region financials have been affected the most which mirrored the U.S. trading session earlier in the day where Morgan Stanley, Citigroup and Goldman Sachs all fell and dragged down the relevant indices.
Oil markets also have the jitters over possible crude supply interruptions in Syria and continuing trade arguments between the U.S. and China and the burgeoning American oil supplies. U.S. WTI Crude oil has risen from a low of $62.00 at the beginning of this week and closed last night at $66.63 but is slightly lower this morning at $66.51.