Weekly top gainers/losers: 18.04.2018

Dmitry Lukashov IFC Markets

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.

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.

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Author

Dmitry Lukashov

IFC Markets

Dimtry Lukashov is the senior analyst of IFC Markets. He started his professional career in the financial market as a trader interested in stocks and obligations.

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