Market Blog > August 2016 > Market Review

Market Review

Japanese exports fell in July, leaving the economy and the government more dependent on domestic demand. China housing prices rose 0.8% in July, but decreased in more cities in June, reinforcing concerns that one of the main engines of growth is slowing.

The current account of the euro area fell less than expected last month. The European Central Bank said the current account of the euro area fell to 28,200 billion in seasonally adjusted data, against 31.800 billion last month.

The number of Americans filing new claims for unemployment benefits fell more than expected last week, reinforcing a vision of a strong labor market could prompt the Federal Reserve to raise interest rates. According to a report from the Philadelphia Federal Reserve, local employment has deteriorated to hit its lowest level in seven years. In addition, the activity of US businesses has improved in August.

Currencies: The dollar fell to a seven-week low against other major currencies. The EURUSD moved higher between $ 1.1286 and $ 1.1364. GBPUSD has moved higher between $ 1.3037 and $ 1.3172. USDJPY moved lower between 100.49 yen and 99.65 yen.

Crude Oil: Oil prices rose for a sixth consecutive day. In addition, it is possible to discuss production levels freezing of the largest global producers. On the ICE Futures Exchange, Brent crude from the North Sea has moved upward between $ 49.52 and $ 51.05. On the New York Mercantile Exchange, US crude oil moved higher between $ 46.63 and $ 48.38.

Gold: The price of gold rose, boosted by the dollar fell to a seven-week low. On the Comex division of the New York Mercantile Exchange, gold has moved higher in range between $ 1 351.25 and $ 1 361.45 an ounce.

Indices. Asian stocks posted evolution halftone Thursday. Japanese stock markets moved into the red because of losses related sectors of shipbuilding, transportation equipment pulled stocks down. At the close in Tokyo, the Nikkei 225 fell by 1.55%. At the close in China, the Hang Seng Index rose 0.98%.

German and British awards have evolved in the green, the gains made in Basic resources sectors, Financial Services and Transportation drew the stocks higher. Similarly with regard to the British stock market, the good performance of oil sectors Equipment, Service & Distribution and Industrial Engineering pulled the markets higher. At the close in Frankfurt, the DAX was awarded 0.62%. At the close in Paris the CAC 40 rose 0.44%. At the close in Madrid, the IBEX 35 index gained 0.74%. Finally at the close in London, the FTSE 100 was up 0.14%.

Wall Street has evolved slightly higher Thursday, as the fall in technology stocks offset the rise in energy companies due to rising oil prices. At the close, the Dow Jones Industrial Average was awarded 0.04%. The S & P 500 index gained 0.15% and the Nasdaq Composite rose 0.16%.

Economic Calendar
Friday, August 18, 2016:
 

Time

Currency

Event

Forecast

Previous

 05:30

JPY

Any industrial activity (monthly)

0,90%

-1,00%

7:00

EUR

Price index production (monthly)

0,10%

0,40%

9:30

GBP

Public Sector Net Borrowing

-2,3 milliards

7,3 milliards


Posted: 8/19/2016 6:56:57 AM by Global Administrator | with 0 comments


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