Dollar is getting weaker and it would seem that Asian markets would strive, but it is actually not the case this trading day. Oil and gold, on the other hand are gaining.
Apple prepares for the new launch.
Seems that yesterday’s release of the new Samsung flagman has caused a stir in the Apple headquarters as it was announced today that about a triple launch of several new iPhone models later in 2018.
Largest iPhone ever, handset the size of the iPhone X and, as usual, a less expensive model with not as broad feature set of the flagman. With the new models Apple wants to prove that more and more consumers will fall the so-called phablets – big phones with even more features than now.
The launch is expected in the wake of the unfortunate iPhone X launch, the launch of which was not as successful as the company has expected earlier. With this, the company’s stocks have plunged down and even taken those who are supplying Apple with the details.
USA is to overtake Russia as main oil supplier.
IEA Executive Director Fatih Birol said on an interview taken in Tokyo, that USA will definitely surpass Russia as the main oil supplier of the world by 2019 at latest. The shale development is going on strong and fast.
“U.S. shale growth is very strong; the pace is very strong ... The United States will become the No.1 oil producer sometime very soon,” he told Reuters.
USA crude output is already bigger than 10 million barrels per day, which is a record index that was last demonstrated in 1970-s. Although it is unclear, whether these plans will come to life while the whole world is trying to find energy solution other than oil and gas.
Stocks, currencies and crude overview.
MSCI Asia Pacific rose 0.3 percent.
Australian S&P/ASX 200 rose 0.2%.
Topix from Japan gained 0.9 percent.
All of the gains are ongoing with the weaker greenback and steady Treasury yields.
Euro and yen have both risen 0.1 percent with Euro price being $1.233 per euro and yen’s exchange rate going up to 106.84 yen per dollar.
10-year Treasuries yields were almost unchanged with falling less than 1 basis point – 2.86 percent.
WTI crude rose less than 0.05 percent $63.92 per barrel.
Gold was little changed - -0.05 percent brings it to the price of 1.33.93 USD per ounce.
Silver is 16.651 USD today.
