Platinum: +2.2% Turkey steel scrap: +1.9% Zinc: +1.8% Aluminum: +1.2% Copper: +0.9% Iron ore: -2.7% Coal: -4.8%
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Aramco
Saudi Arabia is taking Aramco public on Riyadh stock exchange next month. Aramco is the most profitable firm worldwide with a net profit of USD 111B last year. Aramco is producing 10% of the global oil! According to international banks, the value of Aramco is USD 1.5 trillion, less than the expectation of Saudi Arabia…
The New York Stock Exchange continues a bullish trend
The New York Stock Exchange continues a bullish trend with a new historical record for S&P500 Index. The global liquidity increased to USD 75.914T, stimulating the market significantly. Also the Federal Reserve Bank balance sheet expands to over USD 4T. Liquidity or money supply includes the total value of money available in an economy (money,…
Weekly change in stocks and arbitrage
Aluminum stocks of Shanghai, SHFE and LME respectively decreased 4.5%, 5.5% and 1.0% WOW. Copper stock of LME fell 2.3% while U.S. and SHFE respectively increased 4% and 4.8% WOW. Zink stocks of LME, Shanghai and SHFE declined respectively 6.9%, 5.8% and 3.6% WOW. Rebar stocks of SHFE dropped 56% which will stimulate the steel…
USD: -0.12%
USD continues a bearish trend in global markets, down 1.8% MOM. Currency market investors were neglectful to the utterances of the Chair of the Federal Reserve about the desirable outlook of U.S. economy and employment. Analysts believe that even if U.S. economy grows, Federal Reserve has no plan to increase dollar interest rate so USD…
Russia, China and Europe are allowed to continue nuclear work in Iran
Trump allowed foreign firms of China, Russia and Europe to collaborate on the civilian nuclear program with Iran’s Atomic Energy Organization while Lindsey Graham of South Carolina and Ted Cruz of Texas were extremely disagree with Trump’s decision. Analysts believe that Trump is still hopeful to meet Rouhani which can be a good support before…
Global stock market in October 2019
While Tehran Stock Exchange (TSE) fell 2.7% in October, it has strengthened 92% since January 2019 which is higher than Rial value decrease of 17% in the same period. In other words, TSE was one of the best investment options in Iran.
Coal: -7.7%, USD 132.4
Index for hard coking coal in Australian ports fell 7.7% on November 1st 2019. It also dropped 9.6% WOW. Price at Chinese ports decreased 10.2%. Stricter rules of China for coal import as well as the recent fall of domestic coal prices caused the bearish trend of hard coking coal market. India and China bought…
Change of countries’ currency value in October 2019
The highest currency value in 2019 is related to Ukrainian Hryvnia: +12.27%, Egyptian pound: +10.94% and Russian Ruble: +8.78%.
Bullish signals of Turkish Lira price
Turkish Lira value is growing! Trump going to lift all sanctions against Turkey because of the ceasefire in northern Syria. It means that U.S. and Turkey will resume negotiations on 100-bln-USD trade between the two countries which will stimulate Lira price.