Market Blog > September 2016 > Market Review

Market Review

Chinese pension funds are under renewed pressure to break even as local governments race to increase pension payments to meet central government requirements.

China is lauding its successful hosting of the G20 summit in scenic Hangzhou, with open confrontation largely avoided and broad consensus reached over the fragile state of the global economy and the need for a wide range of policies to fix it.

European Union countries should better coordinate tax rules to avoid hitting corporations too hard, the Slovak presidency of the European Union proposed, in an effort to provide more balance to an EU campaign against tax avoidance by multinational companies.

In the Euro Zone Gross domestic product increase in the last quarter.
In Switzerland the Consumer price inflation fell last month.
U.S Service sector activity in August fell more than expected.

Currencies:

The EURUSD traded between 1.1143 and 1.1262 area. 
The EURGBP traded between 0.8335 and 0.8381 area.
The GBPUSD traded between 1.3304 and 1.3442 area.
The USDJPY traded between 101.95 and 103.79 area.
Crude oil: Traded between $ 43.89 and $ 45.58 area.
Gold: Traded between $ 1325.24 and $ 1352.43 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

-0.03%

Euro stoxx50

-0.16%

DJIA

+0.16%

Hang Seng

+0.25%

DAX

+0.13%

S&P 500

+0.22%

S&P/ASX 200

          +0.02%

CAC 40

-0.13%

NASDAQ

          +0.62%




Economic Calendar Tuesday 07/09/2016

Time

Currency

Event

Forecast

Previous

 5:00am

JPY

Leading Indicators

98.60%

99.20%

7:30am

GBP

Halifax HPI m/m

-0.30%

-1.00%

8:30am

GBP

Manufacturing Production m/m

-0.40%

-0.30%

8:30am

GBP

Industrial Production m/m

-0.30%

0.10%

Tentative

EUR

German 10-y Bond Auction

 

-0.09|1.4

1:15pm

GBP

Inflation Report Hearings

 

 

2:00pm

CAD

BOC Rate Statement

 

 

2:00pm

CAD

Overnight Rate

0.50%

0.50%

2:00pm

CAD

Ivey PMI

56.3

57

2:00pm

USD

FOMC Member George Speaks

 

 

2:00pm

USD

JOLTS Job Openings

5.58M

5.62M

6:00pm

USD

Beige Book

 

 

11:01pm

GBP

RICS House Price Balance

2%

5%

11:50pm

JPY

Current Account

1.59T

1.65T

11:50pm

JPY

Final GDP q/q

0.00%

0.00%

11:50pm

JPY

Bank Lending y/y

 

2.10%

11:50pm

JPY

Final GDP Price Index y/y

0.80%

0.80%

Posted: 9/7/2016 8:13:11 AM by Global Administrator | with 0 comments


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