Market Blog > August 2016 > Market Review

Market Review

Deflation in producer prices in China fell, taking off the pressure from above the central bank to reduce rates, policy makers are now turning their attention to structural changes. The National Bureau of Statistics of China said that inflation in consumer prices in China fell last month to an annual rate of 1.8%, against 1.9% the previous month. Price inflation for production in China has improved last month to an annual rate of 1.7%, against 2.6% the previous month. The Bank of Japan announced that the M2 money supply in Japan fell 3.3% in seasonally adjusted percentage, against 3.5% last month.

The Office for National Statistics said that the trade balance in the UK fell more than expected last month to 12,410 billion adjusted for seasonal variations, against -11 53 billion the previous month. The trade balance of Germany fell more than expected last month to 21 700 billion, as against 22 100 billion.

Non-farm productivity in the US fell more than expected in the last quarter from -0.5% to -0.6% in the preceding quarter. The index of economic optimism IBD / TIPP rose unexpectedly during the previous month. Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) reported that the index of economic optimism IBD / TIPP grew at an annual rate to a seasonally adjusted 48.4, against 45.5.

Currencies: The dollar maintained its gains against other major currencies. The EURUSD moved higher between $ 1.1071 and $ 1.1122. GBPUSD moved lower between 1.3049 and 1.2957. USDJPY moved lower between 102.53 yen and 101.79 yen.

Crude Oil: Oil prices were down during the European session, giving up some of the gains recorded in the previous session. On the ICE Futures Exchange, crude from the North Sea has trended downward between $ 45.73 and $ 44.80. On the New York Mercantile Exchange, US crude oil has trended downward between $ 43.48 and $ 42.51.

Gold: The price of gold remained near a lower one week in North America, after data showed that non-farm productivity fell more than expected in the second quarter, while the unit cost of the workforce has climbed. On the Comex division of the New York Mercantile Exchange, gold has moved higher in range between $ 1 336.10 and $ 1 348.45 an ounce.

Indices: Asian stocks advanced almost straggling Tuesday Shanghai increasing slightly following the release of consumer prices and production, which will not change for now the prospects of easing monetary policy in China . At the close in Tokyo, the Nikkei 225 was up 0.69%. At the close in China, the Hang Seng Index dropped 0.13%.

European stocks were up, as positive data on US employment released Friday continued to support market optimism, although the oil price decline should limit gains. At the close in Frankfurt, the DAX was awarded 2.50%. At the close in Paris, the CAC 40 was awarded 1.19%. At the close in Madrid, the IBEX 35 index rose 1.20%. Finally at the close in London, the FTSE 100 was up 0.62%.

Wall Street has changed slightly on the rise Tuesday on a second limited trading day with low volumes and low volatility. At the close, the Dow Jones Industrial Average was awarded 0.01%. The S & P 500 index gained 0.05% and the Nasdaq Composite rose 0.24%.

Economic Calendar
Thursday, August 10, 2016:


Time

Currency

Event

Forecast

Previous

1:30

CNY

CPI (annual)

1,70%

1,90%

1:30

CNY

CPI (annual)

-2,00%

-2,60%

9:30

GBP

Manufacturing Production (monthly)

0,00%

-0,60%

9:30

GBP

Trade Balance of goods

-9,6 milliards

-11,5 milliards

13:30

USD

Productivity prelim nonfarm sector (quarterly)

0,50%

-0,60%

13:30

USD

Prelim Unit cost of labor (quarterly)

1,80%

4,50%

         
Posted: 8/10/2016 6:53:04 AM by Global Administrator | with 0 comments


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