Новини ринків

Major US stock indexes have moderately decreased, affected by the fall of the commodity sector and the shares of large US creditors due to the situation in Turkey.

At the same time, Turkish President Recep Tayyip Erdogan, speaking in Ankara today, said that Turkey's fundamental macroeconomic indicators are strong and that his country is in economic and political siege, which, in his opinion, will continue.

The aggravation in relations between Turkey and the US began with the introduction of US sanctions against the two Turkish ministers (the Minister of Internal Affairs and the Minister of Justice), which was the result of Turkey's refusal to release the American pastor detained in Ankara. But this did not end there: at the end of last week, US President Donald Trump approved an increase in duties on aluminum and steel from Turkey to 20 and 50 percent, respectively.

Quotes of oil declined on Monday, as trade tensions and problems surrounding emerging markets worsened the prospects for demand for fuel, although US sanctions against Iran indicate a more stringent proposal in the future.

Most of the components of DOW finished trading in the red (24 out of 30). Leader of the growth were shares of Merck & Co., Inc. (MRK, + 1.10%). Outsider shares were DowDuPont Inc. (DWDP, -1.76%).

All S & P sectors recorded a decline. Most of all, the commodity sector fell (-1.3%).

At closing:

Dow 25,187.70 -125.44 -0.50%

S&P 500 2,821.93 -11.35 -0.40%

Nasdaq 100 7,819.71 -19.40 -0.25%

U.S. stock-index futures were little changed on Monday, as a drop in the Turkish lira that weighed on financial sector was offset by a slim recovery in technology stocks.

Global Stocks:

(company / ticker / price / change ($/%) / volume)

Intel (INTC) target lowered to $49 from $52 at Cowen

By showing concerns that individual banks in the eurozone may have excessive Turkey exposure in their portfolios, the European Central Bank instigated fears of monetary policy normalization being put aside as long as the economic and political crisis continues in Turkey. But "the hope of a normalization of ECB monetary policy had mutated into a long term bet some time ago anyway," the analysts say in a note. Moreover, "even in times of the euro zone crisis the single currency suffered only moderately." - via WSJ

• Total World Oil Supply Rose by 680,000 B/D in July, Driven by OECD -OPEC

• Saudi Arabia Crude Output Fell by 53,000 B/D in July -OPEC

• Says Oil Output Rose in July by 41,000 B/D

In July 2018, the Italian consumer price index for the whole nation (NIC) increased by 0.3% on monthly basis and by 1.5% compared with July 2017 (up from +1.3% in the previous month), confirming the flash estimate.

The acceleration of the growth on annual basis of All items index was mainly due to prices of Regulated energy products (from -1.2% to +5.5%). The slowdown of prices of Services related to transport (from +2.9% of the previous month to +1.7%) mitigated this acceleration.

As a consequence, inflation excluding energy and unprocessed food (core inflation) was +0.7% and inflation excluding energy was +0.9% (both in deceleration respectively from +0.8% and +1.0%).

EUR/USD

Resistance levels (open interest**, contracts)

$1.1634 (1914)

$1.1568 (4570)

$1.1519 (434)

Price at time of writing this review: $1.1374

Support levels (open interest**, contracts):

$1.1361 (11215)

$1.1338 (4609)

$1.1310 (5770)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date September, 7 is 132341 contracts (according to data from August, 10) with the maximum number of contracts with strike price $1,1500 (11215);

GBP/USD

Resistance levels (open interest**, contracts)

$1.2992 (3460)

$1.2957 (666)

$1.2899 (307)

Price at time of writing this review: $1.2758

Support levels (open interest**, contracts):

$1.2703 (2683)

$1.2680 (1359)

$1.2653 (2103)

Comments:

- Overall open interest on the CALL options with the expiration date September, 7 is 34509 contracts, with the maximum number of contracts with strike price $1,2950 (3460);

- Overall open interest on the PUT options with the expiration date September, 7 is 30180 contracts, with the maximum number of contracts with strike price $1,2900 (3177);

- The ratio of PUT/CALL was 0.87 versus 0.92 from the previous trading day according to data from August, 10.

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.