Market Blog > October 2016 > Market Review

Market Review

Chinese banks extended $181 billion in new loans in September, well above expectations, a record nine-month. The commerce ministry in a report said that, China trade environment will remain weak for remainder of 2016. Commerce ministry spokesman Shen Danyang said China will support Chinese steel firms facing anti-dumping accusations.

Consumer price inflation in the U.K. rose more than forecast. U.K. Office for National Statistics in a report, said that CPI increased by a seasonally adjusted 1.0% from 0.6% in August. Retail price inflation in the U.K. increased in the last quarter. In a report, said that U.K. Retail Price Inflation increased to a seasonally adjusted 2.0 percent from 1.8 percent in the previous quarter.

Consumer price inflation rose more than expected on September. The U.S. Commerce Department in a report, said that (CPI) increased 0.3% from 0.2% in the previous month. A Reuters poll in a report said on Tuesday, The U.S. economy is expected to grow only modestly into next year, keeping inflation low.

Currencies: The dollar was little changed against the other major currencies on Tuesday. The EURUSD traded lower between $1.1027 and $1.0970 The GBPUSD traded higher between $1.2178 and $1.2325. The USDJPY traded lower between ¥104.20 and ¥103.69

Crude oil: U.S oil breaks below $51 per barrel after several fluctuations on price on Tuesday. On the ICE future Exchange, North Sea Brent crude traded higher between $51.27 and $52.09 On the New York Mercantile Exchange, U.S. light crude oil traded higher between $59.77 and $50.53

Gold: The price of Gold on Tuesday rose in North American as a pullback in the U.S. dollar from a seven-month peak boosted the appeal of the precious metal. On the COMEX division of the New York Mercantile Exchange, gold traded higher in a range between $1255.50 and $1265.55 an ounce.

Indices: Shares in Asia rose on Tuesday. Moreover, Japan stocks rose, as gains in the Construction, Transportation Equipment and Fishery sectors led shares higher.  At the close in Tokyo, the Nikkei 225 added 0.38%. At the close in China, the Hang Seng increased 1.55% change.

Germany and U.K. stocks rose, as gains in the Utilities, Pharmaceuticals & Healthcare and Software sectors led shares higher.  Respectively, for the U.K. stocks, as gains in the Food & Drug Retailers, General Retailers and Banking sectors led shares higher.  At the close in Frankfurt the DAX rose 1.22%. At the close in Paris, the CAC40 added 1.32%. At the close in Madrid, the IBEX 35 increased 1.43%. Finally, at the close in London the FTSE100 increased 0.76%.

Wall Street traded higher on Tuesday.  At the close, the Dow Jones industrial average higher 0.43%. The S&P 500 gained 0.65% and the NASDAQ composite rose 0.88%.

Economic Calendar
Wednesday 19th October 2016:
 

Time

Currency

Events

Forecast

Previous

2.00am

CNY

Industrial Production y/y

6.40%

6.30%

8:30am

GBP

Average Earnings Index 3m/y

2.30%

2.30%

8:30am

GBP

Claimant Count Change

3.4K

2.4K

12:30pm

USD

Building Permits

1.17M

1.14M

2:00pm

CAD

BOC Monetary Policy Report

 

 

2:00pm

CAD

BOC Rate Statement

 

 

2:00pm

CAD

Overnight Rate

0.50%

0.50%

2:30pm

USD

Crude Oil Inventories

2.2M

4.9M

3:15pm

CAD

BOC Press Conference

 

 

8:15pm

CAD

BOC Gov Poloz Speaks

 

 

Posted: 10/19/2016 7:18:31 AM by Global Administrator | with 0 comments


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