Subscribe to RSS

Market Overview:  Markets recover on central bank officials’ comments

US stocks rose on Monday as the market rebounded after Friday’s selloff following Federal Reserve’s decision on September 17 to keep the rates unchanged. The dollar strengthened, with the ICE US dollar index, which measures the dollar’s strength against a basket of six currencies, rising 1.1%. Bullish comments by Atlanta Fed President Dennis Lockhart that a rate hike later this year is “still operative” bolstered investor confidence in the strength of US economy which was undermined by Fed’s decision not to hike rates due to increased uncertainty about global economy. Earlier Monday morning, St. Louis Fed chief James Bullard also defended the case for raising interest rates in October due to an improving domestic economy. The S&P 500 closed 0.5% higher led by financial and technology stocks. The biotechnology stocks fell after US Democratic presidential candidate Hillary Clinton said she would announce a plan to stop excessive pricing for specialty drugs. Trading was thin at 6.5 billion shares traded on US exchanges, about 21% below the daily average for the past 20 trading days. In economic data, Existing Home Sales declined 4.8% in August to an annualized rate of 5.31 million units. The report had little impact on markets. Today at 14:00 CET July House Price Index will be published. The tentative outlook is positive. At 15:00 CET September Richmond Fed Manufacturing Index will be released. The tentative outlook is positive. And at 23:30 CET FOMC member Lockhart speaks on economy in Alabama.

European stocks closed higher on Monday rebounding from the steepest one-day loss in two weeks on Friday. The euro weakened against the dollar after Peter Praet, executive board member and chief economist of the European Central Bank, said the ECB is ready to expand its program of asset purchases. The ECB is currently buying €60 billion ($68 billion) in public and private debt every month in the framework of the QE program expected to end in September 2016. The reelection of Syriza in Greece bolstered market sentiment, as the party led by Prime minister Alexis Tsipras is expected to continue the economic reforms international creditors insisted on as a condition for the Greek bailout. The Stoxx Europe 600 rose 0.9%. German DAX underperformed as it rose only 0.33%, held back by declining auto stocks after Volkswagen fell as much as 22.8% on news that it falsified US emissions tests. Today at 15:00 CET September Consumer Confidence index will be published in euro-zone. The tentative outlook is negative. Tomorrow at 08:30 CET September Manufacturing, Services and Composite PMIs for Germany will be released by Markit. At 9:00 CET the respective PMIs for euro-zone will be released. The tentative outlook is negative.

Chinese stocks advanced for a third day today with Shanghai Composite Index gaining 0.9% as investor optimism was buoyed by hopes over President Xi Jinping’s state visit to the US. Volatility is still high as China’s economy is slowing down as evidenced by recent manufacturing data and investors are uncertain how long the state will continue providing support to market through state backed funds.

Oil futures prices are declining today after they recovered on Monday most of the loss from a steep decline on Friday. Prices advanced after reports indicated US output could fall as oil and natural-gas projects worth around $1.5 trillion are at risk because of the slump in oil prices.

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