Subscribe to RSS

Euro steady ahead of ECB meeting, further earnings reports are coming out

US stocks fell on Wednesday dragged down by the decline in energy sector in response to the falling oil prices and the sharp fall in particular companies stocks. US dollar strengthened with US dollar index, a measure of the dollar value against a basket of six major currencies, rising 0.14%. S&P 500 slid 0.58% down on Wednesday with all its 10 sectors being in the red and basic materials and energy leading the fall. Dow Jones Industrial Average index dropped 0.28% while Nasdaq fell 0.84%. The pharmaceutical company Valeant lost almost 20% a day, hitting a fresh low in a year. St.Jude Medical Inc. slumped 8.86%, Range Recourses Corp fell 7.19%, Consol Energy lost 6.58%, EMC Corp. fell 6.26%. Goldman Sachs stocks were 3.13% down. Yahoo stocks plunged 5.2% on weak company’s quarterly earnings and profit missing expectations. Top performers were General Motors Corp. (+5.79%) due to better-than-expected performance, Baxter International Inc. (+3.91%), Target Corp. (+2.69%), United Technologies Corp. (+2.46%). Meanwhile, Bank of Canada left its interest rate unchanged at 0.5%. Today at 15:00 CET the US September existing home sales month-over-month will be released, the tentative outlook is positive. At the same time the September Leading Indicators will be released.

European stocks were on the increase on Wednesday due to the upbeat EU companies full-year and 4th quarter performance forecasts. The market was additionally supported by investors that were reluctant to open short positions ahead of the ECB meeting scheduled for Thursday. The EUR/USD pair declined 0.20%. This week the pair was steady ahead of the EBC meeting where the decision on interest rate will be taken. The Euro STOXX 50 index edged up 0.55% and pan-European FTSEurofirst 300 index climbed 0.12% yesterday. Speaking of the national European indices performance, German DAX 30 fell 0.2%, French CAC 40 fell 0.5% and British FTSE 100 fell 0.3%. British chip designer, supplier of Apple Inc., ARM Holdings stocks jumped 7% on the news its third-quarter profit rose 27%. UK publisher Pearson saw its stocks plunging 13% on weak earnings outlook. Financial sector was in the red as well as several Swedish banks missed earnings expectations with Credit Suisse losing 4.5%. Today at 9:30 CET in Britain September retail sales year-over-year change was released, the reading is better than expected. Today at 12:45 CET in Eurozone the ECB will announce the decision on the rate, it is expected to remain unchanged at 0.5%. At 15:00 CET the August eurozone consumer confidence will be released, the tentative outlook is negative.

On Wednesday Japan’s Nikkei 225 index climbed almost 2% on the prospect of further monetary easing by the Bank of Japan after the data on the slowest increase in exports in over a year made investors concerned about possible recession. The USD/JPY pair lost some ground falling 0.16%. Chinese stocks closed 3% lower which is the record decline since mid-September fuelling worries about the Chinese economy strength. Tomorrow at 2:35 CET the Nikkei Japan Manufacturing PMI will be released, the tentative outlook is negative.

Brent crude oil price fell 1.8% on Wednesday having touched the lowest level in 14 days at $47.50. The US oil futures for December hit a 3-week low of $44.86. Yesterday the US Department of Energy Information Administration data showed a sharp rise of 8mln barrels in US crude stockpiles in the week to October 16.

Gold slid almost 1.0% down as investors were closing long positions. The US December gold futures lost 0.9% to $1167.1 a troy ounce.

More Details

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$50 Free No Deposit Required Bonus Promotion – UFX

$50 Free No Deposit Required Bonus Promotion – UFX(0)

Get $50 Free No Deposit Required Bonus Explore all the mysteries of Forex Trading with free $50. Get your FREE $50 and start trading Special Bonus Promotion Trading is simple and it’s on us. Link:  100% Real Money CashBack Promotion Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link: 

Up to $1000 Bonus on all Deposits – Fort Financial Services

Up to $1000 Bonus on all Deposits – Fort Financial Services(0)

Up to 50% Bonus of Every Deposit to All New and Existing Traders. You Deposited $1000 on your account, chose a 50% bonus and got 500 extra dollars to the initial deposit amount. Link: Up to 50% Bonus of Every Deposit Link: $5 Forex No Deposit Welcome Bonus Link: 15% Support Margin Bonus Link:  Profit

Free $30 Earn Trade-able Trading Credit Bonus – Forex Time

Free $30 Earn Trade-able Trading Credit Bonus – Forex Time(0)

Switch to ForexTime and Free $30 Earn Trade-able Trading Credit Bonus. Join the hundreds of thousands of traders around the world who have already chosen ForexTime as a broker and Free Earn $30 Trade-able Trading Credit Bonus as a thank you for switching. Link:  Receive $30 Tradeable Credit Bonus Link:  Loyalty Cashback Promotions Link:  FX

$100 Risk Free Money on your Live Account – FidelisCM

$100 Risk Free Money on your Live Account – FidelisCM(0)

Get $100 Free Risk Forex Money on your Live Account There is no better way to trust more. Sign up for $100  No Deposit Bonus from FidelisCM Live Account and start forex trading now. Link: $100 Free No Deposit Forex Bonus Link: 200% Margin Bonus on all Deposit Available to: New and Existing clients Ending

$14000 New Accounts Bonus on Initial Deposits – AvaTrade

$14000 New Accounts Bonus on Initial Deposits – AvaTrade(0)

Up to $14000 New Accounts Bonus on your Initial Deposits to all new trading account. Open a new live trading account and verify it Make a deposit of no less than $100 and request the New Accounts Bonus. Link:  100% Bonus to Your First Deposit Link:  30% Sign-up Bonus on your Deposit Link:  Up to

Up to 200% Withdrawable Cashback Bonus – Forex Time

Up to 200% Withdrawable Cashback Bonus – Forex Time(0)

Always aims for profitable promotions for FXTM Customer, this time they have come up with a 200% Cashback Rebate Bonus promo which enables traders to earn up to 10,000 USD withdraw able Cashback bonus. Link:  Receive $30 Tradeable Credit Bonus Link:  FX Circuits Live Trading Contest Link:  Demo Forex Trading Contest Link:  Loyalty Cashback Promotions

$2500 Forex No Deposit Free Startup Bonus – InstaForex

$2500 Forex No Deposit Free Startup Bonus – InstaForex(0)

$2500 Free No Deposit Forex Bonus to Start Risk Forex Trading on InstaForex.com‎. With $2500 Free Forex Bonus you will be able to estimate our unsurpassed quality of order execution in live trading conditions with no risk and personal investments. Link:  Up to $5000 No Deposit Free Bonus Link:  $500 Forex No Deposit Free Bonus

100% Special Bonus Offer on a Deposit – World Forex

100% Special Bonus Offer on a Deposit – World Forex(0)

Get a 100% Special Bonus Offer on a Deposit plus for replenishment account And a free VPS server for every account replenishment in the amount of 100 USD. Link:  $10 No Deposit Forex Special Bonus Link:  Deposit $5 Receive $20 Special Bonus Link:  100% Forex Special Deposit Bonus Available to: All new trading account Ending

50 USD Forex No Deposit Bitcoin Bonus offer – UFX

50 USD Forex No Deposit Bitcoin Bonus offer – UFX(0)

$50 Forex No Deposit Bonus on their real account. This initial $50 Forex No Deposit Bonus offer is intended to allow new users of the platform the opportunity to test the real trading account. Link:  $50 No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion Available to:

Deposit $5 Receive $20 Forex Special Bonus – WForex

Deposit $5 Receive $20 Forex Special Bonus – WForex(0)

$10 Forex No Deposit Free Bonus or Deposit $5 Receive $20 Special Bonus Forex to all World Forex New Clients only. Trade with World Forex Broker Get 20$ or 10$ on your choice Link:  $10 Forex No Deposit Free Bonus Link:  Deposit $5 Receive $20 Special Bonus Available to: All new trading account Ending Date:

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories