Market Blog > August 2016 > Market Review

Market Review

Japan's government plans to overhaul its monitoring system targeting regional banks in efforts to raise their profitability and facilitate lending to local businesses.

Hong Kong's retail sales fell for the 17th straight month in July, hurt by fewer big-spending tourists, persistently weak consumer sentiment and a strong local dollar.

China's government is well aware that promoting the growth of the world's largest economy in the long term involves structural changes that will slow the economy in the short term. And its success in striking a balance has surprised many analysts. In several areas it has pressed ahead with ambitious reforms while letting growth moderate to a gentler pace of less than 7% a year.

The European Union's executive said it had a unanimous mandate from the bloc's 28 members to finalise negotiations on a free trade deal with the U.S, a day after Germany's economy minister said the talks had failed.

U.S. consumer spending increase more than forecast while the annual increase in core PCE prices unexpectedly remained stable in July.

U.S. natural gas futures increase for the seventh session in a series to hit the highest level in eight weeks as forecasts for warmer than normal temperatures across most parts of the continental U.S. in the days ahead boosted demand expectations for the cooling fuel.

Currencies:

The EURUSD traded between 1.1160 and 1.1206 area. 
The EURGBP traded between 0.8531 and 0.8549 area.
The GBPUSD traded between 1.3062 and 1.3131 area.
The USDJPY traded between 101.86 and 102.38 area.
Crude oil: Traded between $ 46.65 and $ 47.24 area.
Gold: Traded between $ 1315.45 and $ 1324.95 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

+2.01%

Euro stoxx50

-0.17%

DJIA

+0.59%

Hang Seng

-0.27%

DAX

-0.18%

S&P 500

+0.51%

S&P/ASX 200

          -0.40%

CAC 40

-0.10%

NASDAQ

          +0.16%




Economic Calendar Tuesday 30/08/2016
 

Time

Currency

Event

Forecast

Previous

6:00am

EUR

German Import Prices m/m

0.00%

0.50%

All Day

EUR

German Prelim CPI m/m

0.10%

0.30%

7:00am

EUR

Spanish Flash CPI y/y

-0.50%

-0.60%

8:00am

EUR

Italian Retail Sales m/m

0.20%

0.30%

8:30am

GBP

Net Lending to Individuals m/m

4.9B

5.2B

8:30am

GBP

M4 Money Supply m/m

1.20%

1.10%

8:30am

GBP

Mortgage Approvals

63K

65K

Tentative

EUR

Italian 10-y Bond Auction

 

1.24|1.3

12:30pm

CAD

Current Account

 

-16.8B

12:30pm

CAD

RMPI m/m

 

1.80%

12:30pm

CAD

IPPI m/m

 

0.60%

1:00pm

USD

S&P/CS Composite-20 HPI y/y

5.10%

5.20%

2:00pm

USD

CB Consumer Confidence

97.2

97.3

11:05pm

GBP

GfK Consumer Confidence

-8

-12

11:50pm

JPY

Prelim Industrial Production m/m

0.70%

2.30%

Posted: 8/30/2016 6:50:09 AM by Global Administrator | with 0 comments


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