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盈透:股市较为平静

2017-5-20 03:08 盈透专栏 interactive 评论: (0) |原作者: Briefing.com|来自: IB美国盈透证券
原文发表于2017年5月19日(纽约时间)。


如果说本周的股市表现是受了政治的影响,那将是一种低估。然而今早却发现了一些其它有助于影响期货交易进入上升趋势的因素。


具体来讲,市场参与者着眼于油价的上涨,欧洲股市的积极走势,以及Deere & Co.(DE),应用材料(AMAT),Salesforce.com(CRM),以及Gap Inc.(GPS)优于预期的盈利报告结果。


此时此刻,标普期货上涨7个基点并以高于公允值0.3%的价格交易。


当油价在东部时间大约上午3点左右开始上涨时,交易走势开始转变了。媒体报道指出石油输出国组织(OPEC)不仅考虑在5月25日与会上达成延长削减石油产量协议的可能性,还有增加削减产量的可能性,也助长了油价的进一步上升。


沙特阿拉伯和俄国已经承诺他们达成协议延长九个月,因此石油交易者正在受益于削减产量想法本身的可能性会增加。这一考虑使得石油价格上涨1.5%至每桶50.04美元。


石油价格的强势预计向能源行业转移,这也应该在期权到期日时成为对广泛市场的支持来源。


盈利新闻比过去时段有所助益,因为政治新闻闹剧已经有所减弱。


今天的头条是纽约时报的一篇文章,详细介绍了联邦调查局(FBI)前局长Comey对其与特朗普总统会面感到不安,但是对总统敦促FBI停止对前国家安全局顾问MichaelFlynn的指控,该文章却没什么新的内容。


总统从今天开始要进行长达9天的国事访问,因此有一种感觉,股市可能近期会从国内政治戏剧演绎中得到一种缓解。如果这种假设最终没有发生,那也不应该感到惊讶。然而目前为止,一切都是那么平静。


今天没什么经济数据,因此假设美元指数没有上涨,股市表现将是今天主要的焦点。


美元指数下跌0.6%至97.34,欧元(EUR/USD1.1179, 上涨0.8%)走高对此有所推动,因为交易者仍在欧元区改善的增长和相对政治稳定中受益。


今天我们将持续观察美元的表现,但是也要注意标普500在50天简单移动平均线附近(2369.21)的表现。


市场昨天尝试恢复最后的水平作为支持区域但是最终未果。这意味着它仍是技术阻力点。应该开盘时再次试探,但如果标普500于本周结束时能够位于该技术水平以上而不是以下,交易者会感觉更好。


Calmer

To say the stock market has been distracted by political matters this week would be an understatement.  This morning, however, it is finding some other distractions with a positive bent that have helped bend the futures trade into an upward curve.

Specifically, market participants are focusing on the jump in oil prices, the positive bias in European equity markets, and better-than-expected earnings results from the likes of Deere & Co. (DE), Applied Materials (AMAT), Salesforce.com (CRM), and Gap Inc. (GPS).

At the moment, the S&P futures are up seven points and are trading 0.3% above fair value.

The trading tone shifted around 3:00 a.m. ET when oil prices started to press higher.  The price extension has been helped along by media reports indicating an OPEC panel is considering the possibility of not only extending its deal to cut oil production when it meets May 25, but also increasing the size of the production cut.

Saudi Arabia and Russia have already conceded that they are on board with a 9-month extension, so oil traders are enjoying the thought of the production cut itself possibly being upsized.  That consideration has fueled a 1.5% gain in oil prices to $50.04 per barrel.

The strength in oil prices is expected to carry over to the energy sector, which should be a source of support for the broader market on this options expiration day.

The earnings news is also helping, more so than past sessions because the political headline drama has been dialed down.  

Today's feature is a New York Times article detailing former FBI Director Comey's unease with his encounters with President Trump, yet the article doesn't shed any new light really on the president's alleged effort to get the FBI to close down its investigation of former National Security Adviser, Michael Flynn.

The president is departing today on a 9-day trip abroad, so there is also a budding sense that the stock market might get a measure of relief in the near term from the political drama unfolding here at home.  One shouldn't be surprised if that assumption ultimately gets nipped in the bud.  For now, though, things feel calmer.

There isn't any economic data of note today, so the stock market's performance will be the main attraction, assuming the U.S. Dollar Index doesn't upstage it.

The U.S. Dollar Index is down 0.6% to 97.34 with another thrust higher in in the euro (EUR/USD 1.1179, +0.8%) helping to drive it down as traders continue to find favor in the eurozone's improving growth and relative lack of political instability.

The dollar's performance will continue to be watched closely, but so, too, will the behavior of the S&P 500 around its 50-day simple moving average (2369.21).  

The market tried yesterday but ultimately failed to reclaim the latter level as an area of support.  That means it is still a point of technical resistance.  It should be tested at the open, yet it will make traders feel better if the S&P 500 can close the week on top of that technical level of note instead of below it.


这篇文章已被翻译成中文。原英文作者为Briefing.com。如英文版本和中文版本之间有任何不一致,以英文版本为准。

该文章中的分析仅为提供信息,不是也不应该被视为推销或招揽购买任何证券。文章中讨论的一般市场活动、行业或领域趋势、或其它基于广泛的经济或政治条件的内容,不应被解释为研究结果或投资建议。讨论中提及包括的特定证券、商品、货币、或其它产品均不构成IB推荐购买,出售或持有此类投资的建议。本材料不是也不意图针对个别客户的特定财务条件、投资目标或要求。在根据本材料采取行动之前,您应该考虑是否适合您的具体情况,并在必要时寻求专业建议。

The analysis in this article is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


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