Market Blog > May 2016 > Market Review

Market Review

Japanese Prime Minister Shinzo Abe said he would delay a sales tax hike scheduled for next April by two and a half years, a senior ruling party official said after a meeting with the premier.

The European Central Bank president should be able to deliver his first snippet of good news for a year on his mandate. Most economists in Bloomberg’s monthly survey predict the central bank’s forecasts for inflation and growth will be left unchanged or increased. Yet respondents see the relief as short-lived, with two thirds predicting more easing will eventually be needed.

The Federal Reserve  made it blatantly clear in May that they were mulling plans for a summer rate hike and that the final decision would be data dependent, but forecasts for second quarter growth show some disparity, even among the individual Fed banks.


Currencies: The dollar held steady at a two month peak against the other major currencies.

The EURUSD traded between 1.1100 and 1.1143 area.
The EURGBP traded between 0.7591 and 0.7631 area.
The GBPUSD traded between 1.4589 and 1.4640 area.
The USDJPY traded between 110.73 and 111.43 area.
Crude oil: Traded between $ 49.11 and $ 49.58 area.
Gold: fell below the $1,200 level. Traded between $ 1200.26 and $ 1210.73 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

+1.39%

Euro stoxx50

+0.37%

DJIA

+0.25%

Hang Seng

+0.26%

DAX

+0.46%

S&P 500

+0.43%

S&P/ASX 200

        +0.04%

CAC 40

+0.32%

NASDAQ

         +0.65%



Economic Calendar Tuesday 31/05/2016

Time

Currency

Event

Forecast

Previous

9:00am

EUR

M3 Money Supply y/y

5.00%

5.00%

9:00am

EUR

Italian Monthly Unemployment Rate

11.30%

11.40%

9:00am

EUR

Private Loans y/y

1.50%

1.60%

10:00am

EUR

CPI Flash Estimate y/y

-0.10%

-0.20%

10:00am

EUR

Core CPI Flash Estimate y/y

0.80%

0.70%

10:00am

EUR

Italian Prelim CPI m/m

0.20%

-0.10%

10:00am

EUR

Unemployment Rate

10.20%

10.20%

1:30pm

CAD

GDP m/m

0.00%

-0.10%

1:30pm

USD

Core PCE Price Index m/m

0.20%

0.10%

1:30pm

USD

Personal Spending m/m

0.60%

0.10%

1:30pm

USD

Personal Income m/m

0.40%

0.40%

2:00pm

USD

S&P/CS Composite-20 HPI y/y

5.10%

5.40%

2:45pm

USD

Chicago PMI

50.8

50.4

3:00pm

USD

CB Consumer Confidence

96.1

94.2

 
Posted: 5/31/2016 7:01:20 AM by Global Administrator | with 0 comments


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