Stock price volatility and Trump's rampage! ~ December 28 key points and schedule ~
Yesterday's Nikkei average followed the US market's trend, closing up 750 yen and above 20,000 yen. However, once European and American trading hours began, prices fell again. In Nikkei futures, it fell below 20,000 yen.
◎ Today's Points of Attention
1) Stock price volatility and the Year-End Bargain
Today is the Year-End Bargain at nationwide securities exchanges.
Yesterday, the market swung broadly from a 4% rise to a 2.5% decline. Stock prices around the world are experiencing wide price movements. Similar volatility is expected today.
2) President Trump's rampage
Regarding the budget for the border wall with Mexico, some U.S. government agencies are shut down. President Trump does not intend to compromise on wall construction funding, and the shutdown is expected to extend into the new year. Additionally, information that emerged yesterday mentions considering an executive order banning the use of Huawei and ZTE. Be vigilant regarding President Trump's statements and actions.
◎ Today's Event Schedule
12/28 (Friday)
Nationwide securities exchanges, Year-End Bargain
17:00 EUR Spain HICP (Harmonized Index of Consumer Prices)
22:00 EURGermany HICP (Harmonized Index of Consumer Prices)
22:30 USD Trade Balance
12/29 (Saturday)
01:00 USD Crude Oil Inventories
03:00 USD Baker Hughes Rig Count