Market Blog > September 2016 > Market Review

Market Review

China's imports unexpectedly increase in August for the first time in nearly two years, boosted by coal and other commodities, suggesting domestic demand may be picking up and putting the world's second largest economy on a more balanced footing.

Japan’s current account balance increased less than-expected last month.

Japan’s economy grew faster over April-June than initially estimated, the Cabinet Office, with upward revisions to capital expenditure and inventories, but the lack of a strong growth driver is seen undermining momentum for the rest of this year.

Mario Draghi said the European Central Bank will study how to ensure its quantitative-easing program doesn’t run out of bonds to buy, while playing down the need to commit to fresh stimulus just yet.

With only six months to go until the scheduled end of QE, the ECB president needs to weigh signs that the region’s recovery is losing momentum against increasing concern about asset scarcity. The central bank has missed its target of inflation just under 2 % for over three years and updated projections showed it doesn’t foresee reaching the goal before late 2018.

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing.

U.S. gasoline inventories fell more than expected in the last quarter.

U.S. crude oil inventories fell unexpectedly last month.

Currencies:

The EURUSD traded between 1.1236 and 1.1325 area. 
The EURGBP traded between 0.8424 and 0.8493 area.
The GBPUSD traded between 1.3286 and 1.3374 area.
The USDJPY traded between 101.43 and 102.58 area.
Crude oil: Traded between $ 45.81 and $ 47.70 area.
Gold: Traded between $ 1335.95 and $ 1349.19 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

-0.03%

Euro stoxx50

-0.13%

DJIA

-0.18%

Hang Seng

+1.06%

DAX

-0.72%

S&P 500

-0.19%

S&P/ASX 200

          -0.83%

CAC 40

-0.27%

NASDAQ

          -0.50%




Economic Calendar Friday 09/09/2016

Time

Currency

Event

Forecast

Previous

4:30am

JPY

Tertiary Industry Activity m/m

0.40%

0.80%

6:00am

EUR

German Trade Balance

21.2B

21.7B

8:30am

GBP

Goods Trade Balance

-11.7B

-12.4B

8:30am

GBP

Construction Output m/m

-1.00%

-0.90%

8:30am

GBP

Consumer Inflation Expectations

 

2.00%

All Day

EUR

Eurogroup Meetings

 

 

11:45am

USD

FOMC Member Rosengren Speaks

 

 

12:30pm

CAD

Employment Change

16.0K

-31.2K

12:30pm

CAD

Unemployment Rate

6.90%

6.90%


 
Posted: 9/9/2016 6:34:28 AM by Global Administrator | with 0 comments


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