Market Blog > August 2016 > Market Review

Market Review

Global investors may be reassured by fairly steady growth expected in a flurry of Chinese data in coming weeks, but pale demand, slowing investment and rising debt levels remain pressing concerns for the world's second-largest economy.

Bank of Japan Deputy Governor Kikuo Iwata said that a comprehensive review of the central bank's policies due next month would focus on the monetary transmission mechanism and obstacles to its stimulus plan succeeding.

Bank of England Governor Mark Carney and fellow policy makers delivered a salvo of monetary stimulus, cutting their benchmark interest rate to a record low of 0.25 % and promising to buy more government and corporate bonds.

Euro zone service sector activity rose unexpectedly in the last quarter, industry data showed on Wednesday.

U.S. economy likely expanded at a 3.7 % annualized rate in the third quarter, compared with government's advance reading of second-quarter growth at 1.2 percent last Friday, the Atlanta Federal Reserve's GDP Now forecast model.

The largest drop in the three weeks has made sterling after the Bank of England’s decision to cut the first time rates from March 2009.

Oil prices rose more than 2 %, with U.S. crude advancing firmly above the $40.

Currencies:

The EURUSD traded between 1.1116 and 1.1155 area. 
The EURGBP traded between 0.8346 and 0.8495 area.
The GBPUSD traded between 1.3104 and 1.3343 area.
The USDJPY traded between 100.88 and 101.65 area.

Crude oil: Traded between $ 40.46 and $ 42.04 area.

Gold: Traded between $ 1349.53 and $ 1364.82 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

+1.15%

Euro stoxx50

+0.86%

DJIA

+0.09%

Hang Seng

+0.90%

DAX

+0.66%

S&P 500

+0.13%

S&P/ASX 200

          -0.06%

CAC 40

+0.67%

NASDAQ

          +0.29%



Economic Calendar Friday 05/08/2016

Time

Currency

Event

Forecast

Previous

 12:00am

JPY

Average Cash Earnings y/y

0.40%

-0.10%

5:00am

JPY

Leading Indicators

99.60%

99.70%

6:00am

EUR

German Factory Orders m/m

0.50%

0.00%

6:45am

EUR

French Trade Balance

-3.9B

-2.8B

7:30am

GBP

Halifax HPI m/m

-0.10%

1.30%

8:00am

EUR

Italian Industrial Production m/m

0.30%

-0.60%

12:30pm

CAD

Employment Change

10.2K

-0.7K

12:30pm

CAD

Trade Balance

-2.6B

-3.3B

12:30pm

CAD

Unemployment Rate

6.90%

6.80%

12:30pm

USD

Average Hourly Earnings m/m

0.20%

0.10%

12:30pm

USD

Non-Farm Employment Change

180K

287K

12:30pm

USD

Unemployment Rate

4.80%

4.90%

12:30pm

USD

Trade Balance

-42.1B

-41.1B

2:00pm

CAD

Ivey PMI

51.9

51.7

7:00pm

USD

Consumer Credit m/m

15.5B

18.6B

Posted: 8/5/2016 6:58:53 AM by Global Administrator | with 0 comments


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