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

Get 100% Bonus Trusted and Regulated Broker – AvaTrade

Get 100% Bonus Trusted and Regulated Broker – AvaTrade(0)

Register and forex start trading now and claim your 100% Deposit Bonus minimum fund of $100 for first deposit. Just for new customer we welcome you with some fantastic 100% Bonus Offers Link:  100% Bonus to Your First Deposit Link:  35% New Accounts Bonus Promotion Link:  Advantages of Trading Bitcoin Cash Available to: All new

Win-Win Live Trading Forex Contest – Tickmill Ltd.

Win-Win Live Trading Forex Contest – Tickmill Ltd.(0)

Holiday 2017 season is just around the corner and Tickmill is rewarding you with real Bitcoin prizes and rebates. Win-Win Live Trading Forex Contest ensures there is a prize for everyone! Link:  Win-Win Forex Live Trading Contest Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Offer Link:  Forex Monthly Live Trading Contest

$3500 Forex No Deposit Bonus, Risk Free Trading‎ – InstaForex

$3500 Forex No Deposit Bonus, Risk Free Trading‎ – InstaForex(0)

Get $3500 No Deposit Free Bonus from InstaForex no need to risk your own money if you have already got funds to earn more money. The $3500 No Deposit Bonus from InstaForex is an exciting opportunity to start live trading. Link:  Up to $5000 No Deposit Free Bonus Link:  $500 Forex No Deposit Free Bonus

444% Profit Receive for a Single Trade – Grand Capital

444% Profit Receive for a Single Trade – Grand Capital(0)

Up to 444% Profit receive with our new Express Options for Grand Capital Binary Option Broker Ltd. Make a correct prediction for 3 assets at the same time Link: Up to 444% Profit Receive for a single trade Link:  $500 Forex No Deposit Welcome Bonus Link:  40% Forex Welcome Deposit Bonus Available to: All new

Receive $30 Credit Bonus for Trusted  Broker- FXTM

Receive $30 Credit Bonus for Trusted Broker- FXTM(0)

Switch to ForexTime and receive $30 Trading Credit Bonus. Join the hundreds of thousands of traders around the world who have already chosen ForexTime as a broker and receive $30 Trading Credit Bonus as a thank you for switching. Link:  Up to $200 Cash Bonus this December Link:  Receive $30 Tradeable Credit Bonus Link:  FX

15% Support Margin Bonus and $50 Free Bonus – FortFS

15% Support Margin Bonus and $50 Free Bonus – FortFS(0)

15% Support Margin Bonus Plus $50 No Deposit Bonus to all New and Existing Traders. For Every Traders who passed the verification process in their traders room can get the $50 Free Bonus Link:  $50 Forex No Deposit Welcome Bonus Link: Up to 50% Bonus of Every Deposit Link: 15% Support Margin Bonus As from

Get $34 Forex No Deposit Bonus Contest – Xtream Forex

Get $34 Forex No Deposit Bonus Contest – Xtream Forex(0)

Sign-Up and Get $34 Forex No Deposit Bonus Contest Enjoy Forex Trading Without Deposit. Grab your $34 Forex No Deposit Bonus and start your live Forex trading to win big cash prize. Link: $34 Forex No Deposit Bonus Contest Available to: All new clients Forex $50 No Deposit Bonus Contest Duration? Registration is open till

115% Classic Bonus and $30 Welcome Bonus – RoboForex

115% Classic Bonus and $30 Welcome Bonus – RoboForex(0)

Up to 115% Classic Bonus Promotion and 50% Tradable Deposit Bonus to All RoboForex New and existing clients. 50% Tradable bonus from RoboForex is the type of bonus, which is not cancelled when the equity on your account is below the amount of the bonus funds Link:  $30 Welcome Bonus Promotion Link:  50% Tradable Bonus

Receive 25% Free Credit Bonus on your First Deposit – HYCM

Receive 25% Free Credit Bonus on your First Deposit – HYCM(0)

Get your forex trading off to a flying start. Sign up today and receive 25% Free Credit Bonus on your first deposit. The maximum trading credit bonus awarded under this promotion is US$5,000 Link: 25% Free Credit Bonus on your First Deposit Available to: All new clients Bonus Offer: Sign up today and receive 25%

60% Withdrawal Holiday Deposit Bonus – FXCL Markets

60% Withdrawal Holiday Deposit Bonus – FXCL Markets(0)

60% Withdrawal Holiday Deposit Bonus to All new and existing clients. The 60% Withdrawal Holiday  Deposit Bonus limit is $2,000 per trader. Link: 60% Holiday Withdrawal Bonus Available to: All new and existing clients Bonus Offer: 60% Withdrawal Holiday Deposit Bonus to All new and existing clients The bonus limit is $2,000 per trader. The

read more

Forex Featured BrokerSocial Trading

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