Market Blog > September 2016 > Market Review

Market Review

A Reuters poll showed, Activity in China's manufacturing sector likely expanded modestly, suggesting the economy is stabilizing. Profits in China's industrial sector increased more than forecast, as the world's second-biggest economy showed the economy is stabilizing.

Private sector lending in the euro zone remained constant last month. European Central Bank in a report, said that Euro Zone Private Sector Lending remained constant at 1.8%, from 1.8% in the previous month. U.K. CBI realized trades fell more than forecast last month. Confederation of British Industry said that CBI realized trades decreased to -8, from 9 in the previous month. Germany’s import price index fell unexpectedly last month. Destatis in a report, said that German Import Price Index fell to a seasonally adjusted -0.2 percent, from 0.1 percent last month.

U.S. services sector activity rose more than forecast. Market research group Markit's flash services (PMI) rose to 51.9 in September from 51.0 in the previous month. Also, the CB said that, U.S. Conference Board consumer confidence index rose more than forecast. The index rose to 104.1 from 101.8 in August. Moreover, a survey showed that U.S. single-family home prices increased less than forecast in July, and the year-over-year gain was smaller than in the prior month.

Currencies: The dollar remained higher against the other major currencies on Tuesday. The EURUSD traded lower between $1.1259 and $1.1191 The GBPUSD traded higher between $1.2937 and $1.3026. The USDJPY traded higher between ¥100.10 and ¥100.99

Crude oil: Oil prices fell about 3 percent on Tuesday.  On the ICE future Exchange, North Sea Brent crude traded lower between $47.88 and $46.17 On the New York Mercantile Exchange, U.S. light crude oil traded lower between $45.96 and $44.20

Gold: Gold prices fell on Tuesday, extending overnight losses as markets declared Democrat Hillary Clinton as the winner of her first U.S. presidential debate with Republican Donald Trump. On the COMEX division of the New York Mercantile Exchange, gold traded lower in a range between $1343.45 and $1327.50 an ounce.

Indices: Shares in Asia rose on Tuesday. Moreover, Japan stocks rose on Tuesday, as gains in the Chemical, Petroleum & Plastic and Gas & Water sectors led shares higher.  At the close in Tokyo, the Nikkei 225 increased 0.84%. At the close in China, the Hang Seng added 1.09% change.

Germany and U.K. stocks fell, as losses in the Insurance, Food & Beverages and Utilities sectors led shares lower.  Respectively, for the U.K. stocks, as losses in the Oil Equipment Services & Distribution, Oil & Gas Producers and Automobiles & Parts sectors led shares lower.  At the close in Frankfurt the DAX tumbled 0.31%. At the close in Paris, the CAC40 decreased 0.21%. At the close in Madrid, the IBEX 35 tumbled 0.27%. Finally, at the close in London the FTSE100 decreased 0.15%.

Wall Street traded higher on Tuesday, helped by technology and discretionary stocks led shares higher.  At the close, the Dow Jones industrial average higher 0.70%. The S&P 500 gained 0.63% and the NASDAQ composite rose 0.90%.

Economic Calendar
Wednesday 28th September 2016:
 

Time

Currency

Events

Forecast

Previous

8:05am

GBP

MPC Member Shafik Speaks

 

 

12:30pm

USD

Core Durable Goods Orders m/m

-0.50%

1.30%

2:00pm

USD

Fed Chair Yellen Testifies

 

 

2:10pm

USD

FOMC Member Bullard Speaks

 

 

2:30pm

EUR

ECB President Draghi Speaks

 

 

2:30pm

USD

Crude Oil Inventories

 

-6.2M

Posted: 9/28/2016 6:43:17 AM by Global Administrator | with 0 comments


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