Market Blog > September 2016 > Market Review

Market Review

Industrial production in China increased unexpectedly last month. National Bureau of Statistics in a report, of China said that Chinese Industrial Production rose to 6.3 percent, from 6.0 percent in the previous month. Retail sales in China increased more than forecast last month. Also, National Bureau of Statistics of China said that Chinese Retail Sales rose to an annual rate of 10.6 percent, from 10.2 percent last month.

The euro zone’s ZEW economic sentiment index increased less-than-forecast in the previous month. ZEW said that Euro zone ZEW economic sentiment increased to a seasonally adjusted 5.4, from 4.6 last month. Moreover, Producer price inflation input in the U.K. rose unexpectedly last month.  National Statistics in a report, said that U.K. (PPI) input increased to a seasonally adjusted 0.2 percent, from 3.1 percent last month. German consumer price inflation remained constant in the previous month. Federal Statistical Office Germany said that German (CPI) remained constant at a seasonally adjusted 0.0 percent, from 0.0 percent last month.

The median U.S. household income increased last year, its first significant annual increase since 2007, and helped to reduce poverty to 53.1 million.

Currencies: The U.S. dollar maintained gains against the other major currencies on Tuesday. The EURUSD traded lower between $1.1259 and $1.1204 The GBPUSD traded lower between $1.3342 and $1.3167. The USDJPY traded higher between ¥101.42 and ¥102.75

Crude oil: Oil prices fell, after the International Energy Agency warned that oil markets would likely remain oversupplied next year due to a slowdown in demand.  On the ICE future Exchange, North Sea Brent crude traded lower between $48.23 and $46.97 On the New York Mercantile Exchange, U.S. light crude oil traded lower between $46.13 and $44.77

Gold: Gold prices fell on Tuesday. On the COMEX division of the New York Mercantile Exchange, gold traded lower in a range between $1335.85 and $1318.85 an ounce.

Indices: Asian shares were narrowly-mixed on Tuesday. Moreover, Japan stocks rose on Tuesday, as gains in the Pharmaceutical Industry and Food sectors led shares higher. At the close in Tokyo, the Nikkei 225 increased 0.34%. At the close in China, the Hang Seng lower 0.32% change.

Germany stocks were mixed, as gains in the Food & Beverages and Chemicals sectors led shares higher while losses in the Insurance and Basic Resources sectors led shares lower. Respectively, U.K. stocks fell, as losses in the Oil Equipment Services & Distribution, Industrial Metals & Mining and Mining sectors led shares lower.  At the close in Frankfurt the DAX tumbled 0.43%. At the close in Paris, the CAC40 decreased 1.19%. At the close in Madrid, the IBEX 35 declined 1.61%. Finally, at the close in London the FTSE100 decreased 0.53%.

Wall Street traded lower on Tuesday. At the close, the Dow Jones industrial average lower 1.20%. The S&P 500 tumbled 1.27% and the NASDAQ composite decreased 0.87%.

Economic Calendar
Wednesday 14th September 2016: 

Time

Currency

Events

Forecast

Previous

 8:30am

GBP

Average Earnings Index 3m/y

2.10%

2.40%

 8:30am

GBP

Claimant Count Change

1.7K

-8.6K

 8:30am

GBP

Unemployment Rate

4.90%

4.90%

12:30pm

USD

Import Prices m/m

-0.10%

0.10%

2:30pm

USD

Crude Oil Inventories

2.8M

-14.5M

Posted: 9/14/2016 7:01:29 AM by Global Administrator | with 0 comments


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