Market Blog > November 2016 > Market Review

Market Review

A Reuters poll showed on Friday that Japan's economy is possible to expanded for a third straight quarter, but weak private consumption suggest that growth will remain venerable. Finance Minister Lou Jiwei in a report, said that China pushing forward reforms on property taxes as it overhauls its fiscal system on fiscal policy in Beijing.

Euro zone producer price inflation increased more than forecast last month.  Eurostat in a report, said that Euro zone (PPI) increased to a seasonally adjusted 0.1 percent, from -0.2 percent in the previous month. Euro zone service sector activity decreased more than expected in the last quarter. Markit in a report, said that Euro Zone Services (PMI) decreased to 52.8, from 53.5 in the last quarter. Contrary, German service sector activity increased unexpectedly last month. In a report, (PMI) increased to 54.2, from 54.1 in the previous month.

Average hourly earnings in the U.S. rose unexpectedly last month. U.S. Bureau of Labor Statistics, Department in a report, of Labor said that Average hourly earnings in the U.S. increased to a seasonally adjusted 0.4 percent, from 0.3 percent in the previous month. Moreover, U.S. non-farm payrolls rose less than forecast last month. The U.S. Department of Labor in a report, said non-farm payrolls increased to a seasonally adjusted 161K from 191K last month. U.S. unemployment rate fell last month. In a report, the unemployment rate decreased to a seasonally adjusted 4.9 percent, from 5.0 percent in the previous month

Currencies: The dollar fell against the other major currencies on Friday, as there is an uncertainty surrounding Federal Reserve monetary policy and the U.S. election. The EURUSD traded higher between $1.1080 and $1.1138 The GBPUSD traded higher between $1.2450 and $1.2557. The USDJPY traded higher between ¥102.83 and ¥103.35

Crude oil: Oil prices held near a five-week lows as sentiment remained downbeat on ongoing supply glut concerns. On the ICE future Exchange, North Sea Brent crude traded lower between $46.55 and $45.09 On the New York Mercantile Exchange, U.S. light crude oil traded lower between $44.87 and $43.58.

Gold: The price of Gold on Friday rose. On the COMEX division of the New York Mercantile Exchange, gold traded higher in a range between $1295.50 and $1307.55 an ounce.

Indices:  Asian shares fell on Friday. Moreover, Japan stocks fell, as losses in the Trading, Insurance and Pharmaceutical Industry sectors led shares lower.  At the close in Tokyo, the Nikkei 225 declined 1.34%. At the close in China, the Hang Seng decreased 0.18% change.

Germany and U.K. stocks fell, as losses in the Media, Consumer & Cyclical and Pharmaceuticals & Healthcare sectors led shares lower.  Respectively, for the U.K. stocks, as losses in the Food Producers, Life Insurance/Assurance and Food & Drug Retailers sectors led shares lower.  At the close in Frankfurt the DAX fell 0.65%. At the close in Paris, the CAC40 declined 0.78%. At the close in Madrid, the IBEX 35 decreased 0.99%. Finally, at the close in London the FTSE100 decreased 1.43%.

U.S. Stocks trade lower on Friday.  At the close, the Dow Jones industrial average fell 0.24%. The S&P 500 decreased 0.17% and the NASDAQ fell 0.24%.
 
Economic Calendar
Monday 7th November 2016:  

Time

Currency

Events

Forecast

Previous

 7:00am

EUR

German Factory Orders m/m

0.20%

1.00%

8:30am

GBP

Halifax HPI m/m

0.30%

0.10%

All Day

EUR

Eurogroup Meetings

 

 

Posted: 11/7/2016 7:37:03 AM by Global Administrator | with 0 comments


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