Market Blog > August 2016 > Market Review

Market Review

China's manufacturing sector eased unexpectedly in July as orders cooled and flooding disrupted business, an official survey showed, adding to fears the economy will slow in coming months unless the government steps up a huge spending spree.

Investors are balking at bonds sold by companies in China’s province most vulnerable to financial risks, amid concerns the government is cutting support for troubled firms.

European Union banks failed to end worries about profitability in the sector and the omission of risks such as the effect of negative interest rates and Brexit blunted its impact.

Bank of England looks ready to cut interest rates for the first time since 2009, seeking to stop Britain's vote to leave the European Union from kicking the country into recession.

U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week, ISM manufacturing PMI fell more than expected last month.
U.S oil breaks below $40 per barrel.

Currencies:

The EURUSD traded between 1.1157 and 1.1180 area. 
The EURGBP traded between 0.8419 and 0.8486 area.
The GBPUSD traded between 1.3165 and 1.3271 area.
The USDJPY traded between 102.13 and 102.67 area.

Crude oil: Traded between $ 39.85 and $ 41.84 area.

Gold: Traded between $ 1346.67 and $ 1354.46 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

-1.05%

Euro stoxx50

-1.01%

DJIA

-0.14%

Hang Seng

+1.16%

DAX

-0.28%

S&P 500

-0.15%

S&P/ASX 200

          -0.23%

CAC 40

-1.031354.46%

NASDAQ

          +0.47%



Economic Calendar Tuesday 02/08/2016

7:00am

EUR

Spanish Unemployment Change

-70.0K

-124.3K

8:30am

GBP

Construction PMI

44.2

46

9:00am

EUR

PPI m/m

0.40%

0.60%

12:30pm

USD

Core PCE Price Index m/m

0.10%

0.20%

12:30pm

USD

Personal Spending m/m

0.30%

0.40%

12:30pm

USD

Personal Income m/m

0.30%

0.20%

1:30pm

CAD

RBC Manufacturing PMI

 

51.8

All Day

USD

Total Vehicle Sales

17.1M

16.7M

11:01pm

GBP

BRC Shop Price Index y/y

 

-2.00%

11:50pm

JPY

Monetary Policy Meeting Minutes

 

 


 
Posted: 8/2/2016 7:16:59 AM by Global Administrator | with 0 comments


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