Market Blog > October 2016 > Market Review

Market Review

Bank of Japan board was divided over how a policy target shift would support a path toward stable 2% inflation, the summary of opinions expressed at its Sept. 20-21 meeting. Bank of Japan decided to add control of the bond yield curve to its aggressive monetary easing, an attempt to undo some of the effects of its negative interest rate policy, which caused an excessively sharp flattening of the curve.

The Caixin General China Manufacturing Purchasing Managers' Index, a private gauge of Chinese manufacturing activity, improved slightly in September, in the latest sign the world's second-largest economy is stabilizing.

The Caixin manufacturing PMI edged up to 50.1 in September from a reading of 50 the previous month.

Euro zone flash Consumer price inflation expected in September.

Euro zone unemployment rate remained unchanged.

U.K current account balance fell less than expected last month and the GDP rose to 0.7% from 0.6%.
Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares.

U.S. Personal Income rose to a seasonally adjusted 0.2%, from 0.4% in the preceding month, the personal spending remained unchanged at seasonally adjusted 0.0% from 0.4%.

Chicago PMI rose more than expected in September.

The U.S UoM consumer sentiment also rose more than expected last month.

OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on Friday, as Iraq boosted northern exports and Libya reopened some of its main oil terminals.

Currencies:

The EURUSD traded between 1.1155 and 1.1249 area. 
The EURGBP traded between 0.8606 and 0.8662 area.
The GBPUSD traded between 1.2939 and 1. 1.3021 area.
The USDJPY traded between 100.76 and 101.77 area.
Crude oil: Traded between $ 47.07 and $ 48.26 area.
Gold: Traded between $ 1313.58 and $ 1327.90 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

-0.78%

Euro stoxx50

+0.44%

DJIA

+0.73%

Hang Seng

-0.61%

DAX

+1.21%

S&P 500

+0.63%

China A50

          +0.36%

CAC 40

+0.20%

NASDAQ

          +0.63%



Economic Calendar Monday 03/10/2016

Time

Currency

Event

Forecast

Previous

7:15am

EUR

Spanish Manufacturing PMI

51.6

51

7:45am

EUR

Italian Manufacturing PMI

50.2

49.8

7:50am

EUR

French Final Manufacturing PMI

49.5

49.5

8:00am

EUR

Final Manufacturing PMI

52.6

52.6

8:30am

GBP

Manufacturing PMI

52.1

53.3

8:30am

GBP

FPC Meeting Minutes

 

 

1:45pm

USD

Final Manufacturing PMI

51.4

51.4

2:00pm

USD

ISM Manufacturing PMI

50.4

49.4

2:00pm

USD

Construction Spending m/m

0.30%

0.00%

2:00pm

USD

ISM Manufacturing Prices

53.5

53

Posted: 10/3/2016 6:43:01 AM by Global Administrator | with 0 comments


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