By IFCMarkets
Top Gainers – The World Market
1. Tesco PLC – the growth in stock prices of the trading network was due to good preliminary results of the 2017/18 fiscal year.
2. Iluka Resources Ltd – stocks of the mining company increased amid a general rise in its main output’s prices: titanium-zirconium ore. The Russian company VSMPO-Avisma may limit supplies of titanium to the United States in response to new anti-Russian sanctions. On April 19, 2018, Iluka Resources will publish its operating results for the first quarter of 2018.
Top Losers – The World Market
1. Liquefied Natural Gas Ltd – stock prices of the Australian manufacturer of equipment for liquefied natural gas (LNG) fell after the sale of the Gladstone LNG plant.
2. China Overseas Land & Investment – stocks of the construction company fell as it issued bonds.
Top Gainers – Foreign Exchange Market (Forex)
1. GBPSEK, GBPCHF The British pound strengthened against the Swedish krona and the Swiss franc. This was due to successful negotiations on the United Kingdom’s exit from the European Union, as well as good economic statistics. In particular, UK house prices increased in March, while inflation slowed slightly. The foreign trade deficit decreased in February.
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2. EURSEK – The Swedish krona weakened against the euro amid a decrease in the probability of a rate hike by the Bank of Sweden. Inflation rate increased less in March than market participants expected.
Top Losers – Foreign Exchange Market (Forex)
1. USDRUB, EURRUB The Russian ruble significantly strengthened against the US dollar and the euro due to an increase in world oil prices. Hydrocarbons are the main part of Russian exports. In addition, the normalization of the situation in Syria had a positive impact.
2. USDMXN – Preservation of the rate at the level of 7.5% by the Bank of Mexico contributed to the strengthening of the Mexican peso. At the same time, inflation rate for March in Mexico fell to 5.04% year-over-year. The trade balance for March, which may affect the dynamics of the peso, will be published on April 27, 2018.
Market Analysis provided by IFCMarkets
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
