Subscribe to RSS

Global stock markets growth stumbles on the Fed’s vice-president statement

The shares growth on the world stock markets faltered on Friday on the statement by the Fed’s vice-president Stanley Fisher about the persisting probability of the rate hike on the Federal Reserve meeting on September 17. Judging by the interest rate swap quotations, the market estimates this probability at 35% against 22% in the beginning of last week. The possible rate hike by the Fed has supported the Dollar Index which has surged from its three-month low. Nevertheless, presently its growth has stumbled waiting for the release of the US economic statistics. The data released on Friday proved to be negative for both equities and Dollar. The personal expenditure growth in July was slower than expected while the Per Capita Expenditure (PCE) ex-food and energy for 12 months to July was 1.2% (the minimum since the march 2011). What is more, the University of Michigan Consumer Sentiment Index descended in August. No significant macroeconomic data is expected to come out today in the US. It will be released after Tuesday with the most important data, that is Labour statistics, to be published on Friday.

s&p500-daily-chart-31-08-2015


The European stock indices are down presently, together with the US stock index futures, after the Stanley Fisher statement. The British stock exchanges are closed due to the holiday. The slump of the DAX, CAC и Euro STOXX 50 indices in August may run at 9% and be the biggest in 4 years. The main reason is the response to the Chinese economic slowdown and the plunge of the Shanghai Composite Index by more than 40%. Today in the morning were released some positive European macroeconomic data supporting the Euro. The inflation in August has grown from 0.1% to 0.2% which decreases the deflation risk. No more significant macroeconomic statistics is expected to be released in the EU today.

The Nikkei Index has decreased today together with the other world indices. Its slump in August exceeded 8% and was the biggest since the January 2014. Today in the morning the negative macroeconomic data on the industrial production drop by 0.6% in July instead of the expected growth of 0.1% were released in Japan. The shares of the companies exporting their products to China were looking down: JFE Holdings (-3,3%), Komatsu (-2,9%), Daikin Industries (-2,3%). The weak statistics has put a hold on the strengthening of Yen against the US Dollar. The next economic statistics in Japan is to be released tomorrow morning at 1:50 CET: the capital spending and the company profits in the second quarter.

brent-oil-chart


The crude oil quotes surged on Thursday-Friday by more than 15%. We assume the market participants are concerned that low prices may trigger the decline in its production. According to the oilfield services company Baker Hughes, the number of rigs drilling for oil in the US totaled 675 compared with 674 in the prior week. Several oil experts claim the price of about $60 a barrel is needed for the further light tight oil development. Shall we remind you of the fact that the previous October there were 1609 drilling rigs working in the US. Amid the extremely low oil prices its consumption is growing notably. Indeed, the petrochemicals sales in the US advanced 1% in July reaching the 2-year high and the petrol sales increased by 5.4%. The oil export to Japan surged by 10.9% in July to 3,43 mln. barrels a day while the supplies from Iran shot up by 20%.

coffee-chart


According to the International Coffee Organization, the world coffee export in July contracted by 3.6% to 9,59 mln. 60kg bags. In 10 months of season 2014/2015 beginning October 1st this indicator has lost 2.8% and totaled 92.85 mln. bags. The Association of Indonesian Coffee Exporters and Industries has downgraded its forecast of coffee export from Indonesia by 100 thousand tonnes to 500 thousand tonnes due to the negative impact of El Nino hurricane. The European Coffee Federation stated the contraction of the coffee stocks by 4.8% in the European harbors in June. We assume that it may provoke the rise in coffee quotations.

More Details

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$1500 Startup Forex No Deposit Free Bonus – InstaForex

$1500 Startup Forex No Deposit Free Bonus – InstaForex(0)

$1500 Startup No Deposit Free Bonus to all new InstaForex Customers. The new Startup No Deposit Forex Bonus from InstaForex is an exciting opportunity to start Forex live trading. Link:  $1500 Startup No Deposit Bonus Link:  $100 Forex No Deposit Bonus 2018 Link:  Get 250% Bonus for First Deposit Link:  100% Special Deposit Bonus Campaign

FX Zones Demo Trading Forex Contest – Forex Time

FX Zones Demo Trading Forex Contest – Forex Time(0)

FX Zones Demo Trading Forex Contest Z3 Bid Central. Sharpen your forex trading skills completely RISK-FREE as you enter ForexTime (FXTM) Broker simulated forex world of 2017 the FX Zones. Link:  FX Zones Demo Trading Contest Link:  $25 Per Referral Earn up to $10000 Link:  Receive $30 Tradeable Credit Bonus Link:  Loyalty Cashback Promotions Link: 

$123 Welcome Forex No Deposit Free Bonus – FBS

$123 Welcome Forex No Deposit Free Bonus – FBS(0)

$123 Welcome Forex No Deposit Bonus for an ultimate start on the Forex market. $123 Free No Deposit Bonus funds are available for forex trading within 7 calendar days after the account opening. Link:  $123 Free Special Bonus Promotion Link:  100% Deposit Bonus Promotion Link:  $88.8 Lucky No Deposit Required Bonus (for Malaysian traders) Available

Monthly Live Trading Contest win up to $1000 – Tickmill

Monthly Live Trading Contest win up to $1000 – Tickmill(0)

Forex Monthly Live Trading Contest. Put your forex trading skills to test and win up to $1000 every Month! Forex Live Trading Contest is only available for clients of Tickmill Ltd.(FSA Regulated) Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Offer Link:  Forex Monthly Live Trading Contest Available to: All new traders

Up to 200% Withdrawable Cashback Rebates – ForexTime

Up to 200% Withdrawable Cashback Rebates – ForexTime(0)

Forget Loyalty Points, ForexTime Rewards Loyalty in Up to 200% Withdrawable Cashback Rebates Bonus and get $4 Cashback back for every lot you trade. Link:  Receive $30 Tradeable Credit Bonus Link:  FX Circuits Live Trading Contest Link:  Demo Forex Trading Contest Link:  Loyalty Cashback Promotions Link:  200% Withdraw able Cashback Rebates Ending Date: 31 December

Get $50 Free Bonus Start Forex Trading Bitcoin – UFX

Get $50 Free Bonus Start Forex Trading Bitcoin – UFX(0)

Get a $50 Free Bonus Start Forex Trading Bitcoin with UFX. Forex Trading Bitcoin with UFX is simple and gives you the opportunity to increase your return whether BTC prices RISE or FALL Link:  $50 No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  Halloween Trick or Trade Competition Link:  100% Real

Up to $1000 Forex Deposit Bonus Promotion – FortFS

Up to $1000 Forex Deposit Bonus Promotion – FortFS(0)

Up to 50% Forex Bonus of Every Deposit to All New and Existing Traders. You Deposited $1000 on your account, chose a 50% forex 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

FX Circuits Live Forex Trading Contest – Forex Time

FX Circuits Live Forex Trading Contest – Forex Time(0)

ForexTime latest Live Contest Win cash prizes from a $400,000 total prize pool. FX Circuits rewarding clients with real, withdrawable from a $400000 total prize pool.* Link:  FX Circuits Live Trading Contest Link:  Demo Forex Trading Contest Link:  Loyalty Cashback Promotions Link:  200% Withdraw able Cashback Rebates Available to:   New Clients only Contest Offer: ForexTime

20% Unlimited Bonus on Your First Deposit – FidelisCM

20% Unlimited Bonus on Your First Deposit – FidelisCM(0)

20% Unlimited Bonus On Your First Deposit to All new traders. If you have a $30 Deposit Account with FidelisCM then add wings to your ambitions and receive a 20% Tradable Bonus Link:  20% Bonus On Your First Deposit Available to: All new traders Ending Date: 30 June 2017 Bonus Offer: Get 20% Unlimited Bonus

100% Real Money Cash-Back Bonus Promotion – UFX

100% Real Money Cash-Back Bonus Promotion – UFX(0)

100% Real Money Forex CashBack Promotion to all new and existing clients. Join and gain exclusive access to the ONLY online trading 100% Forex Cashback rewards bonus program Link:  $5000 BitCoin Rewards Bonus Promo Link:  $50 Forex No Deposit Special Bonus Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion Bonus

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