Market Blog > September 2016 > Market Review

Market Review

Finance Minister Taro Aso in a report, said that Japan's government must not rely only on the Bank of Japan to boost economic growth and deflation, after the central bank's decision to reboot its monetary policy framework. A preliminary survey showed that Japanese manufacturing activity rose for the first time in seven months, sign that economic growth could pick up pace.

According to credible sources, Euro zone business activity fell, as growth paths diverged and firms stopped discounting for the first time in a year. A monthly survey, U.S. bank Citi showed that, British public inflation expectations fell for this month for the first time since June's vote to leave the European Union,

Activity in the US manufacturing sector fell more than forecast in September, amid the slowest expansion of new orders this year.

Currencies: The dollar maintained gains against the other major currencies on Friday. The EURUSD traded higher between $1.1194 and $1.1241 The GBPUSD traded lower between $1.3087 and $1.2915. The USDJPY traded higher between ¥100.68 and ¥101.24

Crude oil: Oil prices fell about 3 percent on Friday.  On the ICE future Exchange, North Sea Brent crude traded lower between $48.26 and $45.66 On the New York Mercantile Exchange, U.S. light crude oil traded lower between $46.55 and $44.23

Gold: Gold prices held near a two-week high in North American on Friday. On the COMEX division of the New York Mercantile Exchange, gold traded lower in a range between $1344.45 and $1337.45 an ounce.

Indices: Shares in Asia fell on Friday. Moreover, Japan stocks fell, as losses in the Finance & Investment, Warehousing and Transportation Equipment sectors led shares lower.  At the close in Tokyo, the Nikkei 225 declined 0.32%. At the close in China, the Hang Seng decreased 0.31% change.

Germany stocks fell, as losses in the Media, Utilities and Software sectors led shares lower.  Respectively, U.K. stocks were lower after the close on Friday.  At the close in Frankfurt the DAX tumbled 0.44%. At the close in Paris, the CAC40 decreased 0.47%. At the close in Madrid, the IBEX 35 tumbled 1.25%. Finally, at the close in London the FTSE100 decreased 0.03%.

Wall Street traded lower on Friday. At the close, the Dow Jones industrial average lower 0.57%. The S&P 500 tumbled 0.44% and the NASDAQ composite declined 0.52%.

Economic Calendar
Monday 26th September 2016:
 

Time

Currency

Events

Forecast

Previous

 8:00am

EUR

German Ifo Business Climate

106.3

106.2

9:30am

CHF

SNB Chairman Jordan Speaks

 

 

2:00pm

EUR

ECB President Draghi Speaks

 

 

2:00pm

USD

New Home Sales

598K

654K

11:10pm

CAD

BOC Gov Poloz Speaks

 

 

Posted: 9/26/2016 7:59:00 AM by Global Administrator | with 0 comments


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