Market Blog > October 2016 > Market Review

Market Review

China will maintain a prudent monetary policy and a proactive fiscal policy, President Xi Jinping told a meeting of the Politburo.

Japan's factory output was expected to rise for a second straight month in September helped by the auto sector. Industrial production was expected to have risen 1.0 percent in September from the previous month, the Reuters poll of 20 analysts found, after a 1.3 percent rose in August.

Euro Zone economic sentiment jumps in October driven by higher optimism in industry and services.

The Commission said the economic sentiment indicator rose to 106.3 in October from 104.9 in September, well above market expectations of a small decline to 104.8.

The consumer confidence fell last month -8.0 from 8.2.

U.S Gross domestic product shows a much larger than expected expansion in the third quarter.  GDP increased to a seasonally adjusted annual rate of 2.9% in the three month period from July to September, from the 1.4% expansion registered in the second quarter of 2016.

U.S. UoM consumer sentiment fell unexpectedly last month.

The U.S. employment cost index remained unchanged in the last quarter 0.6%, from 0.6%.

Currencies:

The EURUSD traded between 1.0897 and 1.0990 area. 
The EURGBP traded between 0.8947 and 0.9012 area.
The GBPUSD traded between 1.2116 and 1.2211 area.
The USDJPY traded between 104.49 and 105.52 area.

Crude oil: Traded between $ 48.45 and $ 49.77 area.
Gold: Traded between $ 1262.29 and $ 1283.98 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

+0.04%

Euro stoxx50

-0.75%

DJIA

+0.07%

Hang Seng

-0.71%

DAX

-0.52%

S&P 500

-0.05%

China A50

          +0.48%

CAC 40

-0.35%

NASDAQ

          -0.14%




Economic Calendar Monday 31/10/2016

Time

Currency

Event

Forecast

Previous

7:00am

EUR

German Retail Sales m/m

 

-0.40%

9:30am

GBP

Net Lending to Individuals m/m

 

4.5B

10:00am

EUR

CPI Flash Estimate y/y

 

0.40%

10:00am

EUR

Core CPI Flash Estimate y/y

 

0.80%

10:00am

EUR

Prelim Flash GDP q/q

 

0.30%

12:30pm

USD

Core PCE Price Index m/m

 

0.20%

12:30pm

USD

Personal Spending m/m

 

0.00%

12:30pm

USD

Personal Income m/m

 

0.20%

1:45pm

USD

Chicago PMI

 

54.2

Posted: 10/31/2016 7:25:38 AM by Global Administrator | with 0 comments


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