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Market Review

Japan’s national core rate of consumer price inflation remained constant unexpectedly in the previous month. Statistics Bureau in a report, said that CPI remained constant at a seasonally adjusted -0.5 percent, from -0.5 percent in the previous month.

Germany’s consumer climate increased more than forecast in the previous month. Research group Gfk, in a report, said that its index of Germany’s consumer climate increased to 10.2, from 10.0 last month. Moreover, for lending to euro zone companies and households rose constant, which enslaves stable development and that remains on track. Also, Business investment in the U.K. increased more than expected in the previous quarter. National Statistics said that business investment increased to a seasonally adjusted 0.5 percent, from -0.6 percent in the last quarter.

Gross domestic product in the U.S. increased in the previous quarter. The Bureau of Economic Analysis in a report, said that GDP increased to a seasonally adjusted annual rate of 1.1 percent, from 1.2 percent last quarter. U.S. UoM consumer sentiment decreased more than forecast last month. In a report, said that consumer sentiment declined to a seasonally adjusted 89.8, from 90.4 in the previous month.

Currencies: The dollar strengthened initially before turning lower against the other major currencies. The EURUSD traded lower between $1.1341 and $1.1181 The GBPUSD traded lower between $1.3276 and $1.3123. The USDJPY traded higher between ¥100.09 and ¥101.94

Crude oil: U.S. oil breaks below $48 per barrel after fluctuations on price. On the ICE future Exchange, North Sea Brent crude traded higher between $49.12 and $50.75 On the New York Mercantile Exchange, U.S. light crude oil traded higher between $46.95 and $48.45

Gold: Gold prices moved at the same level with the previous day after several fluctuations with a slight increase. On the COMEX division of the New York Mercantile Exchange, gold traded higher in a range between $1321.55 and $1344.75 an ounce.

Indices. Asian shares were narrowly-mixed on Friday. Japan stocks fell, as losses in Insurance and Shipbuilding sectors led shares lower. At the close in Tokyo, the Nikkei 225 decreased 1.18%. At the close in China, the Hang Seng rose 0.41% change.

Germany and U.K. stocks increased, as gains in the in the Construction, and Industrials sectors led shares higher. Respectively, for the U.K. stocks, as gains in the Mining, Oil Equipment Services & Distribution and Aerospace sectors led shares higher. At the close in Frankfurt the DAX added 0.55%. At the close in Paris, the CAC40 gained 0.80%. At the close in Madrid, the IBEX 35 gained 0.70%. Finally, at the close in London the FTSE100 rose 0.31%.

Wall Street traded lower on Friday. At the close, the Dow Jones industrial average lower 0.27%. The S&P 500 tumbled 0.16% and the NASDAQ rose 0.16%.

Economic Calendar
Monday 29th August 2016:
 

Time

Currency

Events

Forecast

Previous

12:30pm

USD

Core PCE Price Index m/m

0.10%

0.10%

12:30pm

USD

Personal Spending m/m

0.30%

0.40%

12:30pm

USD

Personal Income m/m

0.40%

0.20%

11:30pm

JPY

Household Spending y/y

-1.30%

-2.20%

11:30pm

JPY

Unemployment Rate

3.10%

3.10%

11:50pm

JPY

Retail Sales y/y

-0.90%

-1.30%

Posted: 8/29/2016 7:11:35 AM by Global Administrator | with 0 comments


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