Subscribe to RSS

Forex Market Overview: Rapid growth at global stock market

On Thursday US stocks quotes rose. The S&P500 index closed at 2-month high. This was mainly due to the publication of McDonald’s good quarterly corporate report (shares climbed 8,1%), EBay (+13,9%) and Dow Chemical (+5,1%). After the market closure more positive news appeared. Alphabet shares (former Google) price increased 9,6%, Microsoft – 7.2%, and Amazon – by 10.6%. Macroeconomic data were also positive. The number of unemployed in the US increased less than expected last week. Home sales in the secondary housing market in September exceeded forecasts and reached 5.55 million, which is close to the maximum since 2007. This has contributed to a significant strengthening of the US dollar. US stock market turnover was 11% higher than the average for the 20 sessions and has reached 8 billion shares. Manufacturing PMI index for October calculated by Markit will be published today at 15:45 in the US.

S&P 500

European stock indices also increased yesterday. Besides the positive dynamics in the United States, the ECB meeting contributed to this as well. The ECB president Mario Draghi noted that the ECB may revise its monetary policy in order to fight against low inflation in December. The emission will be proceeded in the amount of 60 billion Euros per month in order to purchase the assets and may be extended after the planned completion in September 2016. The European Central Bank inflation targeting level is 2%, while it was 0.1% in September. European stock markets are still increasing today as positive PMI data published. No significant EU statistics is expected. The Euro quote decreased due to a possible increase in the emission of the ECB.

Nikkei increased for the third day in a row, along with other world stock indices. Shares of food producer Snack food company Calbee climbed 9.6% and soft drinks producer Megmilk Snow Brand – by 10.5% due to the forecast of their positive financial April-September reports published in the Nikkei business daily. Regular Japan macroeconomic data will be released next Wednesday morning.

Copper prices

Copper quotes rose after the announcement of further 100 million pounds reducing its production by US company Freeport-McMoRan. It was reduced by 150 million pounds earlier and now the company intends to realize 4.1 million pounds of copper in 2015 and 5.2 million pounds of copper in 2016. Company’s copper sales amounted to 4.2 million pounds last year. There is another factor that influences its growth: copper import to China reached 351 thousand tons in September. This is the highest record since January 2014. Copper delivery to China amounted 2.55 million tons for the last 9 months which is only 3.6% below last year’s level. Market participants do not exclude that the slowdown of the Chinese economy may not reduce the demand for copper though it was expected by many of them. Investment company Antaike published a forecast concerning demand increasing for the metal in China about 4-4.5% next year, and about 5.3% increasing this year.

Gold is increasing in price today, despite the strengthening of the US dollar. This is due to the demand increase in India: Dussehra the festival which starts in November raises the demand for gold jewelry which is a custom gift during the festival. Jewelry products provide two-thirds of gold demand in India.

Sugar prices

Sugar quotes are increasing third day in a row due to the strong demand in Syria. Previously closed ports have started its work due to the Russia’s support. It caused sharp increase in sugar import. Its September – October volume is estimated at 465 thousand tons, but it could be more

More Details

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

100% Real Money CashBack Promotion 2017 – UFX

100% Real Money CashBack Promotion 2017 – UFX(0)

100% Real Money CashBack Promotion to all new and existing clients. Join and gain exclusive access to the ONLY online trading 100% Cashback rewards bonus program Link:  100% Real Money CashBack Promotion Link:  $50 Forex No Deposit Bonus Promotion Available to: All new trading account Ending Date: 31 December 2016 Bonus offer: 100% Real Money

50% Deposit Bonus and 10 USD Free Bonus – Hirose UK

50% Deposit Bonus and 10 USD Free Bonus – Hirose UK(0)

50% Deposit Bonus Campaign Maximum Bonus Amount is Unlimited for all customers And 10 USD No Deposit Bonus for Binary Options Campaign is available for new clients who open a Binary Option Account. It’s that simple. Link:  $10 Binary No Deposit Bonus Link:  50% Deposit Bonus Campaign Available to: All new traders Ending Date: 31

$2017 Forex No Deposit Exclusive Bonus – FreshForex

$2017 Forex No Deposit Exclusive Bonus – FreshForex(0)

$2017 HotNo Deposit Exclusive Bonus Offer to all new verified customers. The $2017 Forex No Deposit Bonus offers you a unique opportunity to test trading strategies of FreshForex Link:  $2017 Hot No Deposit Bonus offers Available to: All New Traders. Ending Date: 15 January 2017 Bonus Offer: $2017 Forex No Deposit Exclusive Bonus Offer to

100% Bonus Forex and Binary Options- MarketsYes

100% Bonus Forex and Binary Options- MarketsYes(0)

100% Holiday Cheer Deposit Bonus 2016 Forex / CFD and Binary Options to all New Traders. MarketsYes is glad to offer prospective clients for every deposit up to 1000 USD/EUR/GBP a 100% Holiday Cheer Deposit Bonus Link: 100% Holiday Cheer Deposit Bonus 2016 Link:  $25 Free Bonus Forex / CFD & Binary Options Available to:

$10 Binary Options No Deposit Bonus – Hirose UK

$10 Binary Options No Deposit Bonus – Hirose UK(0)

$10 Binary Options Free No Deposit Bonus Campaign is available for new clients who open a Binary Option Account. It’s that simple. Link: $10 Free No Deposit Bonus Link: 50% First Deposit Bonus Available to: All new Binary Option Account Validity Date: 31 December 2017 Bonus Offer: $10 Binary Options Free No Deposit Bonus Campaign

$30 Free Bonus Plus 30% Deposit Bonus – Ayrex

$30 Free Bonus Plus 30% Deposit Bonus – Ayrex(0)

$30 Binary Options No Deposit Bonus to all New activated Clients. Ayrex presents its very first Binary Options No Deposit Bonus for new traders. Sign up to get FREE $30 and turn them into a fully withdrawable $200! This bonus allows you to profit without making an investment and trade binary options risk-free. Link:  $30

$50 Forex No Deposit Bonus Exclusive Offer – FortFS

$50 Forex No Deposit Bonus Exclusive Offer – FortFS(0)

$50 Forex No Deposit Bonus Exclusive Offer to New and Existing Traders. The $50 Forex No Deposit Welcome Bonus can be received within the promotional time period, from 28.11.2016 to 07.12.2016 inclusive. Link:  $50 Forex No Deposit Welcome Bonus Link:  Up to 50% Bonus of Every Deposit Link:  15% Support Margin Bonus Available to: New

$25 Countdown Forex Bonus Promotion 2017 – ForexTime

$25 Countdown Forex Bonus Promotion 2017 – ForexTime(0)

$25 Countdown Forex Bonus Promotion 2017 new and existing will be eligible traders. ForexTime is offering by receive a $25 credit bonus when they make a deposit of $300 into their accounts*. Link:  $25 Countdown Credit Bonus 2017 Link:  Loyalty Cashback Promotions Link:  $4 Cashback back for every lot Ending Date: 31 December 2016 Available

100% US NFP Bonus Promotion December 2016 – Xtrade

100% US NFP Bonus Promotion December 2016 – Xtrade(0)

Up to 100% Deposit Bonus Promotion to All New and Existing Customers. December 2016 US NFP Announcement Deposit NOW $1000 to $5000 and receive 100% bonus! Link:  $50 No Deposit Bonus Promotion Link: 100% Deposit Bonus Promotion Link:  Free Flight Tickets to Madrid Available to: All New and Existing Customers Bonus Ending Date: Valid 01/12

100% Welcome Bonus Plus Risk Free Trade – Trade12

100% Welcome Bonus Plus Risk Free Trade – Trade12(0)

Get 100% Welcome Deposit Bonus and 7-day risk free trade, Boost your trading with a free 100% Welcome Deposit Bonus to your Live Trading Account. Link:  Get 100% Welcome Bonus Link: 50% Exclusive Deposit Bonus Available to: All new clients Ending Date: 31 December 2016 Bonus Offer: Get 100% Welcome Deposit Bonus Plus 7-day risk

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