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Market Review

Industrial production in Japan increased last month. The Ministry of Economy in a report, trade and Industry said that industrial production increased to a seasonally adjusted 0.6 percent from 0.6 percent in the previous month. Also, Industrial production in China remained constant unexpectedly last month.  National Bureau of Statistics of China in a report, said that Chinese Industrial Production remained constant at 6.1%, from 6.1% last month.

Industrial production in the euro zone decreased more than forecast last month. Eurostat said that Euro zone in a report, industrial production decreased to a seasonally adjusted -0.8 percent from 1.8 percent in the previous month. Moreover, The chief of the BDI Federation of Germany Industries said that Germany should not jeopardize its trade relations with the rest of the European Union in a deal on Britain's departure from the bloc or a better future for all.

Dallas Fed Bank President Robert Kaplan in a report said that the Federal Reserve is on track to raise U.S. interest rates soon, adding that rate increases will need to be gradual because expectations for global growth are low.

Currencies: The dollar held steady near nine month highs against the other major currencies. The EURUSD traded lower between $1.0840 and $1.0709 The GBPUSD traded lower between $1.2593 and $1.2445. The USDJPY traded higher between ¥106.74 and ¥108.54

Crude oil: Oil prices breaks below $44 per barrel after several fluctuations on price on Monday. On the ICE future Exchange, North Sea Brent crude traded lower between $44.98 and $43.58. On the New York Mercantile Exchange, U.S. light crude oil traded higher between $42.20 and $43.72

Gold: Gold prices held near a five-month low in North America on Monday. On the COMEX division of the New York Mercantile Exchange, gold traded lower in a range between $1230.85 and $1211.00 an ounce.

Indices:  Asian shares were narrowly-mixed on Monday. Moreover, Japan stocks rose, as gains in the Finance & Investment, Marine Transport and Real Estate sectors led shares higher.  At the close in Tokyo, the Nikkei 225 added 1.71%. At the close in China, the Hang Seng decreased 1.37% change.

Germany and U.K. stocks rose, as gains in the Basic Resources, Industrials and Technology sectors led shares higher.  Respectively, for the U.K. stocks, as gains in the Banking, Food & Drug Retailers and Industrial Metals & Mining sectors led shares higher.  At the close in Frankfurt the DAX added 0.24%. At the close in Paris, the CAC40 increased 0.43%. At the close in Madrid, the IBEX 35 increased 0.22%. Finally, at the close in London the FTSE100 gained 0.34%.

U.S. Stocks were mixed on Monday.  At the close, the Dow Jones industrial average higher 0.07%. The S&P 500 fell 0.06% and the NASDAQ fell 0.39%.
 
Economic Calendar
Tuesday 15th November 2016:  

Time

Currency

Events

Forecast

Previous

 7:00am

EUR

German Prelim GDP q/q

0.30%

0.40%

9:30am

GBP

CPI y/y

1.10%

1.00%

9:30am

GBP

PPI Input m/m

1.60%

0.00%

10:00am

EUR

Flash GDP q/q

0.30%

0.30%

10:00am

EUR

German ZEW Economic Sentiment

7.9

6.2

10:00am

GBP

Inflation Report Hearings

 

 

1:30pm

USD

Core Retail Sales m/m

0.50%

0.50%

1:30pm

USD

Retail Sales m/m

0.60%

0.60%

1:30pm

USD

Empire State Manufacturing Index

-1.5

-6.8

1:30pm

USD

Import Prices m/m

0.40%

0.10%

Posted: 11/15/2016 9:23:23 AM by Global Administrator | with 0 comments


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