Market Blog > September 2016 > Market Review

Market Review

In China the home prices are expected to increase 10 % this year due to robust demand, but will nearly stall in 2017 as more cities try to curb sharp price rises, a Reuters poll found.

Japan's economic evolving is expected to be revised down slightly to flat over April-June due to a decline in capital expenditure, a Reuters poll found, underscoring the view that any recovery in the current quarter will be modest.

Also in Japan the monetary base fell less than expected last month.

French President Francois Hollande’s government is concerned that discussions on the side-lines of the Group of 20 talks in China will sound the death knell for the Hinkley Point nuclear power project in the U.K.

John Cryan is going back to the drawing board after Deutsche Bank AG lost more than half its market value since he unveiled his overhaul last year.

Euro zone producer price inflation rose last month.

U.S. economy appears strong enough to warrant significantly higher interest rates, Richmond Federal Reserve Bank President Jeffrey Lacker said.

Nonfarm payrolls increased just 151,000 for the month, extending the futility August has experienced over the years. This is now the 10th time in the past 13 years the month whiffed on market expectations. Wall Street economists were expecting the nonfarm payrolls report to show a gain of 180,000 in August, with the unemployment rate ticking down one-tenth to 4.8 percent. Wage growth slowed.

Currencies:

The EURUSD traded between 1.1152 and 1.1251 area. 
The EURGBP traded between 0.8377 and 0.8443 area.
The GBPUSD traded between 1.3255 and 1.3351 area.
The USDJPY traded between 102.82 and 104.31 area.
Crude oil: Traded between $ 43.19 and $ 44.64 area.
Gold: Traded between $ 1307.08 and $ 1329.77 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

+0.94%

Euro stoxx50

+2.26%

DJIA

+0.49%

Hang Seng

+0.89%

DAX

+1.76%

S&P 500

+0.53%

S&P/ASX 200

          -0.34%

CAC 40

+2.43%

NASDAQ

          +0.44%




Economic Calendar Monday 05/09/2016
 

Time

Currency

Impact

Event

Forecast

Previous

 12:00am

JPY

 

Average Cash Earnings y/y

0.50%

1.40%

2:30am

JPY

 

BOJ Gov Kuroda Speaks

 

 

All Day

ALL

 

G20 Meetings

 

 

7:15am

EUR

 

Spanish Services PMI

55.1

54.1

7:45am

EUR

 

Italian Services PMI

51.8

52

7:50am

EUR

 

French Final Services PMI

52

52

7:55am

EUR

 

German Final Services PMI

53.3

53.3

8:00am

EUR

 

Final Services PMI

53.1

53.1

8:30am

EUR

 

Sentix Investor Confidence

5.1

4.2

8:30am

GBP

 

Services PMI

49.1

47.4

9:00am

EUR

 

Retail Sales m/m

0.50%

0.00%

11:01pm

GBP

 

BRC Retail Sales Monitor y/y

 

1.10%

Posted: 9/5/2016 6:35:09 AM by Global Administrator | with 0 comments


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