Market Blog > October 2016 > Market Review

Market Review

Producer price inflation in China increased more than forecast last month. National Bureau of Statistics of China in a report, said that Chinese PPI rose to an annual rate of 0.1 percent from -0.8 percent in the previous month. Consumer price inflation in China increased unexpectedly last month. In a report, Chinese CPI increased to an annual rate of 1.9%, from 1.3% in the previous month.

Bank of England in a report, said that Britain's banks expect muted borrowing demand from businesses in the fourth quarter of the year. Wall Street Journal in a report said on Friday, citing a person who attended the briefing, aides to German Chancellor Angela Merkel told lawmakers last week the state would not take a stake in Deutsche Bank if it were to issue new stock. 

Retail sales in the U.S. increased last month. The Census Bureau in a report, said that retail sales rose to a seasonally adjusted 0.6 percent, from -0.2 percent last month. U.S. core producer price inflation increased more than forecast last month. In a report, said that U.S. core PPI increased to a seasonally adjusted 0.2 percent, from 0.1 percent in the previous month. Producer price inflation in the U.S. rose unexpectedly. The Commerce Department in a report, said that producer prices rose by a seasonally adjusted 0.3 percent in the previous month from 0.2 percent.

Currencies: The dollar held steady near seven months highs against the other major currencies on Friday. The EURUSD traded lower between $1.1058 and $1.0977 The GBPUSD traded lower between $1.2262 and $1.2168. The USDJPY traded higher between ¥103.61 and ¥104.47

Crude oil: U.S oil breaks below $51 per barrel on Friday. On the ICE future Exchange, North Sea Brent crude traded lower between $52.55 and $51.51 On the New York Mercantile Exchange, U.S. light crude oil traded lower between $51.14 and $49.90

Gold: The price of Gold on Friday tumbled in North America. On the COMEX division of the New York Mercantile Exchange, gold traded higher in a range between $1260.25 and $1247.00 an ounce.

Indices: Shares in Asia rose on Friday. Moreover, Japan stocks rose, as gains in the Chemical, Petroleum & Plastic, Mining and Communication sectors led shares higher.  At the close in Tokyo, the Nikkei 225 added 0.49%. At the close in China, the Hang Seng increased 0.88% change.

Germany and U.K. stocks rose, as gains in the Food & Beverages, Utilities and Consumer & Cyclical sectors led shares higher.  Respectively, for the U.K. stocks, as gains in the Food & Drug Retailers, Technology Hardware & Equipment and Fixed Line Telecommunications sectors led shares higher.  At the close in Frankfurt the DAX rose 1.60%. At the close in Paris, the CAC40 added 1.49%. At the close in Madrid, the IBEX 35 increased 0.85%. Finally, at the close in London the FTSE100 increased 0.51%.

Wall Street traded higher on Friday.  At the close, the Dow Jones industrial average higher 0.41%. The S&P 500 gained 0.23% and the NASDAQ composite rose 0.15%.

Economic Calendar
Monday 17th October 2016: 

Time

Currency

Events

Forecast

Previous

 9:00am

EUR

Final CPI y/y

0.40%

0.40%

 9:00am

USD

Empire State Manufacturing Index

1.1

-2

1:15pm

USD

Capacity Utilization Rate

75.60%

75.50%

1:15pm

USD

Industrial Production m/m

0.30%

-0.40%

4:15pm

USD

FOMC Member Fischer Speaks

 

 

5:35pm

EUR

ECB President Draghi Speaks

 

 

5:35pm

EUR

German Buba President Weidmann Speaks

 

 

Posted: 10/17/2016 8:35:54 AM by Global Administrator | with 0 comments


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