Altrice Investment Co. Limited – What to Know in the Markets Friday

There are no notable economic releases or corporate earnings results scheduled for Friday.
 
 
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CENTRAL, Hong Kong - Sept. 20, 2019 - PRLog -- Investors will be monitoring the market action on Friday as stocks flirt with record highs. All three of the major indices closed mixed on both Thursday and Friday's sessions. As of Thursday's close, the S&P 500 is about 0.7% from its record high. Meanwhile, the Dow and Nasdaq sit 1.11% and 1.88% off their all-time, respectively.

The major indices are on track to end the week lower if they do not manage to eke out gains and close higher on Friday.

Fedspeak will also be on market participants' radars. Two voting members of the Federal Open Market Committee are scheduled to speak on Friday. Boston Fed President Eric Rosengren will be speaking at New York University, and New York Fed President John Williams will be in Switzerland.

In currency markets, the British pound kept its uptrend after European Commission President Jean-Claude Juncker said a Brexit deal is possible and that if the Irish border backstop which the British government wants removed could be replaced with alternatives, it would not be needed.

Sterling traded at $1.2533, up 0.09% on the day, having hit a two-month high of $1.2560 on Thursday. The British unit stood near its highest levels in almost four months versus the euro at 88.19 pence per euro.

The euro was at $1.105, staying in a holding pattern this week.

The yen edged up to at 107.91 yen to the dollar, off its 1-1/2 month low of 108.48 yen hit on Wednesday.

Oil prices bounced back on continued worries about the stability of oil supply as tensions between Saudi Arabia and Iran showed little sign of abating after a weekend attack on Saudi oil installations.

Saudi-led forces on Friday launched a military operation on northern Yemen against what it described as "legitimate military targets", an incident that could aggravate regional tensions.

Washington said on Thursday it was building a coalition to deter Iranian threats while Tehran has warned Trump against being dragged into a war in the Middle East and said it would meet any offensive action with a crushing response.

Brent crude futures rose 0.78% to $64.90 a barrel while U.S. West Texas Intermediate (WTI) crude gained 1.14% to $58.79 per barrel.

"Our ambitions keep us ahead of our competitors, and our research, service and results keep our clients in a position of financial security."

Find out more about our services and products by contacting us at info@altriceinvestment.com or visit our website – http://www.altriceinvestment.com for further information.

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Altrice Investment Co. Limited
William Uy
***@altriceinvestment.com
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