Morning Brew August 29 2023
Erik Schafhauser
Senior Relationship Manager
Résumé: Can Risk sentiment Hold?
Good Morning,
Risk started strong into the last week of August – let us see if it holds.
Equities rose basically across the board, the large indexes ended up between 0.5% and 1% and are currently at US500 4440, The US 30 34585 the US Tech 15085 and the GER40 15825. The S&P may be setting up for a head and shoulder formation and needs a close above 4459 in the Index
For Swiss, UBS is the stock of the hour is has been rising over the last few months and is testing the 2015 highs in the Swiss line. It needs to break above 22.51. In the US Line, it has made the break and is trading at the highest level since the global financial crisis. The Swiss lender will release the first quarterly report on Thursday after the Credit Suisse takeover and is expect to release more details on the strategy.
Yields fell across the board, and the USD gave up some ground and the USD Index is trading below 104 again. EURUSD is at 1.0822, GBPUSD 1.2620 and USDJPY 146.50. Gold and Silver are trading 1924 and 24.35.
Toyota stated it is suffering a malfunction in domestic production and has shut down all production in Japan. The company believes the issue is not due to a cyberattack.
3M rose 5% yesterday on a settlement with the US military that obligates the company to pay 6 Billion.
Today we will see if Risk sentiment holds through a decent amount of data starting with German consumer confidence and Swedish Retail Sales at 8, French Consumer confidence at 8:45 , the Hungarian Rate decision at 14:00, Case Shiller House Prices at 15:00 and JOLTS Job openings at 16:00.
Trade safely.
Tuesday 29 August
CFD EXPIRY
- Data: German GfK Consumer Sentiment US Consumer Confidence, JOLTS Job Openings, Case Schiller
- Earnings: CITIC, Xiaomi , Bank of Nova Scotia, Bank of Montreal
Wednesday 30 August
EXPIRY FOR MANY FUTURES
- Data KOF Indicator, DE CPI, US GDP,
- Earnings PetroChina Co, Bank of China, Salesforce
Thusday 31 August
- Data DE Unemployment Rate, EU HICP & Unemployment rate, PCE Price Index, Initial Jobless Claims
- Earnings Dollar General UBS Group Dell Technologies, VMware, Broadcom
Friday September 1
- Data China PMI, Swiss CPI, DE & & EU PMI US Nonfarm Payroll, Unemployment Rate, ISM , Canada GDP
Expiries
Physically Settled Futures
- FLGU3 will expire 29 Aug 2023 at 15:00 GMT
- TTFMU3 will expire 29 Aug 2023 at 09:00 GMT
- HGU3 will expire 30 Aug 2023 at 15:00 GMT
- KEU3 will expire 30 Aug 2023 at 15:00 GMT
- RRU3 will expire 30 Aug 2023 at 15:00 GMT
- SILU3 will expire 30 Aug 2023 at 15:00 GMT
- SIU3 will expire 30 Aug 2023 at 15:00 GMT
- TNU3 will expire 30 Aug 2023 at 15:00 GMT
- UBU3 will expire 30 Aug 2023 at 15:00 GMT
- XKU3 will expire 30 Aug 2023 at 15:00 GMT
- XWU3 will expire 30 Aug 2023 at 15:00 GMT
- Z3NU3 will expire 30 Aug 2023 at 15:00 GMT
- ZBU3 will expire 30 Aug 2023 at 15:00 GMT
- ZCU3 will expire 30 Aug 2023 at 15:00 GMT
- ZFU3 will expire 30 Aug 2023 at 15:00 GMT
- ZLU3 will expire 30 Aug 2023 at 15:00 GMT
- ZMU3 will expire 30 Aug 2023 at 15:00 GMT
- ZNU3 will expire 30 Aug 2023 at 15:00 GMT
- ZSU3 will expire 30 Aug 2023 at 15:00 GMT
- ZTU3 will expire 30 Aug 2023 at 15:00 GMT
- ZWU3 will expire 30 Aug 2023 at 15:00 GMT
- HOU3 will expire 31 Aug 2023 at 15:00 GMT
- RBU3 will expire 31 Aug 2023 at 15:00 GMT
Expiring CFDs
- 10YUSTNOTESEP23 will expire 29 Aug 2023 at 15:00 GMT
- COPPERUSSEP23 will expire 29 Aug 2023 at 15:00 GMT
- CORNSEP23 will expire 29 Aug 2023 at 15:00 GMT
- GASOLINEUSSEP23 will expire 29 Aug 2023 at 15:00 GMT
- HEATINGOILSEP23 will expire 29 Aug 2023 at 15:00 GMT
- SILVERSEP23 will expire 29 Aug 2023 at 15:00 GMT
- SOYBEANOILSEP23 will expire 29 Aug 2023 at 15:00 GMT
- SOYBEANSSEP23 will expire 29 Aug 2023 at 15:00 GMT
- WHEATSEP23 will expire 29 Aug 2023 at 15:00 GMT
- CHINA50AUG23 will expire 30 Aug 2023 at 02:00 GMT
- HK50AUG23 will expire 30 Aug 2023 at 02:00 GMT
- SINGAPOREAUG23 will expire 30 Aug 2023 at 02:00 GMT
- TAIWAN95AUG23 will expire 30 Aug 2023 at 02:00 GMT
- OILUKOCT23 will expire 31 Aug 2023 at 15:00 GMT