{"id":98226,"date":"2016-11-16T05:42:56","date_gmt":"2016-11-16T10:42:56","guid":{"rendered":"http:\/\/countingpips.com\/?p=98226"},"modified":"2016-11-16T05:42:56","modified_gmt":"2016-11-16T10:42:56","slug":"morning-call-market-overview-for-16-11-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/morning-call-market-overview-for-16-11-2016\/","title":{"rendered":"Morning Call. Market Overview for 16.11.2016"},"content":{"rendered":"
November 16, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

The Big Picture<\/h2>\n

Warren Buffet, a star amongst investors, has re-found his love for airline stocks. The air travel industry has seen weakness in the past years.\u00a0 Through his holding company Berkshire Hathaway, Buffet has invested in stocks of 4 air carriers, buying American Airlines, Delta Air, United Continental and Southwest Airlines. Warren Buffet is a classical \u201cvalue\u201c investor. He invests in companies, which currently trade at stock values below his perceived total company value. Berkshire Hathaway owns 21.8 million shares of American Airlines, with a total value of 800 million USD. The shares have risen off their lows by 75%.<\/p>\n

DAX<\/h2>\n

The DAX is in a sideways trend.\u00a0 Resistance is at 10820, support at 10250.<\/p>\n

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Euro \/ USD<\/h2>\n

The Euro is in a downward trend.<\/p>\n

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USD \/ JPY<\/h2>\n

The USD is in an upward trend<\/p>\n

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Gold<\/h2>\n

Gold is in a downward trend<\/p>

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Free Reports:<\/p><\/div>\r\n

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WTI Oil<\/h2>\n

WTI Oil is bottoming<\/p>\n

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Overnight:<\/h2>\n

The German stock market closed the day in positive territory. The DAX gained 0.39%. Lufthansa gained 3.17%, so continuing its upward trend. The stock was able to rise 44% off of its October lows. Warren Buffet\u00b4s decision to buy airlines maybe being a factor. Merck dropped 2%, despite giving good numbers. The upward trend in the Dow continued, the index reaching a new yearly high at 18923. Oils stocks were sought after oil prices retraced losses. Chevron and Exxon gain 2%. The tech sector also saw a rebound, the Nasdaq 100 gaining 1.33%. Asian markets trade up this morning. Japanese stocks profit from the Yen\u00b4s downward trend. The USD softens. Gold and WTI Oil start on a positive note.<\/p>\n

Economic Data:<\/h2>\n