Market Blog > September 2016 > Market Review

Market Review

Activity in China's manufacturing sector rose more than forecast, suggesting the economy is steadying in response to stronger government spending. China Logistics Information Center in a report, said that Chinese Manufacturing PMI rose to an annual rate of 50.4, from 49.9 last month.

The euro zone’s manufacturing PMI fell more than forecast last month. Research group Markit in a report, said the euro zone’s manufacturing PMI fell to 51.7, from 51.8 last month. Also, Germany’s manufacturing PMI remained constant last month. Markit Economics said that German manufacturing PMI remained constant at a seasonally adjusted 53.6, from 53.6 last month.

U.S. Manufacturing activity fell unexpectedly to a seven-month low. The Institute for Supply Management said its index of manufacturing activity declined to 49.4 in the previous month from 52.6. U.S. non-farm productivity tumbled in the last quarter. Bureau of Labor Statistics in a report, said that U.S. non-farm productivity fell to a seasonally adjusted -0.6 percent, from -0.5 percent last quarter.

Currencies: The dollar held steady near three-week highs against the other major currencies. The EURUSD traded higher between $1.1128 and $1.1205 The GBPUSD traded higher between $1.3129 and $1.3317. The USDJPY traded lower between ¥104.00 and ¥103.06

Crude oil: Oil prices fell to a new three-week low, extending losses from the prior session. U.S. Energy Information Administration in a report, underlined concerns over a global supply glut.  On the ICE future Exchange, North Sea Brent crude traded lower between $47.24 and $45.33 On the New York Mercantile Exchange, U.S. light crude oil traded lower between $45.07 and $43.01

Gold: Gold prices held near a two-month low in North American on Thursday. On the COMEX division of the New York Mercantile Exchange, gold traded higher in a range between $1318.35 and $1305.60 an ounce.

Indices. Asian shares were narrowly-mixed on Thursday. Japan stocks rose, as gains in the Shipbuilding and Transportation Equipment sectors led shares higher. At the close in Tokyo, the Nikkei 225 increased 0.23%. At the close in China, the Hang Seng rose 0.81% change.

European stocks rose, as gains in the financial sector and boosted by upbeat Chinese manufacturing activity data led shares higher. At the close in Frankfurt the DAX tumbled 0.55%. At the close in Paris, the CAC40 gained 0.03%. At the close in Madrid, the IBEX 35 gained 0.53%. Finally, at the close in London the FTSE100 decreased 0.52%.

Wall Street traded slightly higher on Thursday. At the close, the Dow Jones industrial average lower 0.01%. The S&P 500 tumbled 0.10% and the NASDAQ rose 0.21%.

Economic Calendar
Friday 02th September 2016: 

Time

Currency

Events

Forecast

Previous

 7:00am

EUR

Spanish Unemployment Change

15.0K

-84.0K

8:30am

GBP

Construction PMI

46.6

45.9

12:30pm

USD

Average Hourly Earnings m/m

0.20%

0.30%

12:30pm

USD

Non-Farm Employment Change

186K

255K

12:30pm

USD

Unemployment Rate

4.80%

4.90%

12:30pm

USD

Trade Balance

-43.0B

-44.5B

2:00pm

USD

Factory Orders m/m

2.10%

-1.50%

Posted: 9/2/2016 7:21:49 AM by Global Administrator | with 0 comments


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