Market Blog > November 2016 > Market Review

Market Review

Α Reuters poll showed that Japan's industrial output was expected to show little change in October, suggesting uninspiring domestic and external demand hampered a steady recovery in production. According to credible source on Friday China's central bank has urged commercial banks in Shanghai to guard against money outflows via the Shanghai (FTZ).

U.K. CBI realized trades increased more than forecast last month.  Confederation of British Industry in a report, said that CBI realized trades increased to 26 from 21 in the previous month. U.K.’s gross domestic product increased in the last quarter. The U.K. Office for National Statistics in a report, said that GDP increased to 0.5 percent, from 0.5 percent in the previous quarter. British companies increased their investment more than expected in the three months, as the economy grew solidly.

U.S. wholesale inventories decreased more than forecast in the last quarter. US Census Bureau in a report, said that U.S. Wholesale Inventories decreased to a seasonally adjusted annual rate of -0.4 percent from 0.2 percent in the previous quarter.

Currencies: The dollar fell against the other major currencies on Friday. The EURUSD traded higher between $1.0539 and $1.0627 The GBPUSD traded higher between $1.2416 and $1.2481. The USDJPY traded lower between ¥113.90 and ¥112.57

Crude oil: Oil prices fell more than 2 percent on Friday after several fluctuations on price. On the ICE future Exchange, North Sea Brent crude traded lower between $49.03 and $46.85. On the New York Mercantile Exchange, U.S. light crude oil traded lower between $48.04 and $45.88.

Gold: The price of Gold on Friday fell. On the COMEX division of the New York Mercantile Exchange, gold traded lower in a range between $1192.65 and $1170.50 an ounce.

Indices:  Asian shares rose on Friday. Moreover, Japan stocks rose, as gains in the Shipbuilding, Automobiles & Parts and Warehousing sectors led shares higher.  At the close in Tokyo, the Nikkei 225 added 0.26%. At the close in China, the Hang Seng rose 0.51% change.

Germany and U.K. stocks rose, as gains in the Utilities, Retail and Pharmaceuticals & Healthcare sectors led shares higher. Respectively, for the U.K. stocks, as gains in the Technology Hardware & Equipment, Healthcare Equipment & Services and Pharmaceuticals & Biotech sectors led shares higher.  At the close in Frankfurt the DAX rose 0.09%. At the close in Paris, the CAC40 increased 0.17%. At the close in Madrid, the IBEX 35 rose 0.20%. Finally, at the close in London the FTSE100 gained 0.17%.

Wall Street was closed on Friday for Thanksgiving holiday.

Monday 28th November 2016:  

Time

Currency

Events

Forecast

Previous

 9:00am

EUR

M3 Money Supply y/y

5.00%

5.00%

 9:00am

EUR

Private Loans y/y

1.90%

1.80%

2:00pm

EUR

ECB President Draghi Speaks

 

 

11:30pm

JPY

Household Spending y/y

-1.00%

-2.10%

11:30pm

JPY

Unemployment Rate

3.00%

3.00%

11:50pm

JPY

Retail Sales y/y

-1.50%

-1.70%

Posted: 11/28/2016 7:35:19 AM by Global Administrator | with 0 comments


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