Daily review 25/08/11

Asian stock markets trading is conducted today (Thursday) in price increases, given the positive sentiment from Wall Street – that locked last night on increases for the third consecutive day, when given orders of durable goods leaped contributes significantly above the expected positive trend.

Commodity exchange price of oil down by 0.3% to -85.1 per barrel, while gold prices also lost value adds a trend before.

Gold price went down by more them 100$ per ounce yesterday and the trend is seems to keep on going today.

As mentioned above, trading on Wall Street last night locked rise, led by the  S & P500 jumping 1.3%, in the background of data release durable goods orders.

The figure was strong and made a 4% rise in July versus expectations of only 2.1% - that proved to investors that the U.S. economy is indeed experiencing a slowdown, but still far from crushing.

The focus of the trading week is still the speech of Fed Chairman Ben Bernanke, in Jackson Hall tomorrow (Friday).

Investors are waiting anxiously for the possibility that the Chairman of the Fed will signal the application of a third purchases program (QE3) to provide incentives for the markets, as he did last year.

Rating agency Moody's cut the credit rating of Japan to Aa3 rating from Aa2 with a stable rating outlook.

Note that this is the first time since 2002 that Japan absorbs download classified by Moody's.