Market Blog > September 2016 > Market Review

Market Review

According to credible sources, Japanese manufacturers' confidence rose from a three-year low, while sentiment in the services sector hit its lowest since 2013 when the central bank began monetary stimulus.

The euro zone’s trade balance decreased unexpectedly in the last quarter.  In a report by Eurostat, said that Euro zone trade balance tumbled to 25.3B, from 29.2B last quarter. Also, as expected, (BoE) decided to keep interest rates constant at a record low level. Moreover, British retail sales softened only slightly, suggesting June's vote that the decision to leave the European Union had little impact on shoppers' willingness to spend.

U.S. business inventories remained constant last month. Census Bureau in a report, said that U.S. Business Inventories remained constant at a seasonally adjusted 0.0%, from 0.2% in the previous month. U.S. industrial production declined more than forecast in August. Industrial output decreased 0.4% in the previous month from 0.6% in July. U.S. producer price inflation remained constant unexpectedly last month. U.S Bureau of Labor Statistics, Department of Labor said that (PPI) remained constant at a seasonally adjusted 0.0 percent from -0.4 percent in the previous month. The number of people who filed for unemployment assistance in the U.S. last week increased less than forecast, suggesting a healthy labor market.

Currencies: The dollar was slight changed against the other major currencies on Thursday. The EURUSD traded lower between $1.1282 and $1.1220 The GBPUSD traded lower between $1.3279 and $1.3180. The USDJPY traded lower between ¥102.75 and ¥101.94

Crude oil: U.S. oil breaks below $44 per barrel after several fluctuations on price.  On the ICE future Exchange, North Sea Brent crude traded higher between $45.69 and $47.00 On the New York Mercantile Exchange, U.S. light crude oil traded higher between $43.30 and $44.34

Gold: Gold prices held near a two-week low in North American on Thursday. On the COMEX division of the New York Mercantile Exchange, gold traded lower in a range between $1331.20 and $1312.25 an ounce.

Indices: Asian shares were narrowly-mixed on Thursday. Moreover, Japan stocks fell, as losses in the Power, Non-Metal Minerals and Real Estate sectors led shares lower. At the close in Tokyo, the Nikkei 225 decreased 1.26%. At the close in China, the Hang Seng higher 0.63% change.

Germany and U.K. stocks increased, as gains in the Construction, Food & Beverages and Industrials sectors led shares higher.  Respectively, for the U.K. stocks, as gains in the Food & Drug Retailers, Insurance and Technology Hardware & Equipment sectors led shares higher.  At the close in Frankfurt the DAX increased 0.51%. At the close in Paris, the CAC40 added 0.07%. At the close in Madrid, the IBEX 35 increased 0.21%. Finally, at the close in London the FTSE100 gained 0.85%.

Wall Street traded higher on Thursday. At the close, the Dow Jones industrial average higher 0.97%. The S&P 500 increased 0.99% and the NASDAQ composite gained 1.43%.

Economic Calendar
Friday 16th September 2016:
 

Time

Currency

Events

Forecast

Previous

12:30pm

USD

CPI m/m

0.10%

0.00%

12:30pm

USD

Core CPI m/m

0.20%

0.10%

2:00pm

USD

Prelim UoM Consumer Sentiment

91

89.8

2:00pm

USD

Prelim UoM Inflation Expectations

 

2.50%

8:00pm

USD

TIC Long-Term Purchases

30.2B

-3.6B

Posted: 9/16/2016 7:02:17 AM by Global Administrator | with 0 comments


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