Subscribe to RSS

Market Overview :  Tweet Markets mixed on global growth outlook concerns

US stocks extended losses on Wednesday as market sentiment remained subdued after falling manufacturing PMI reading for September pointed to slowing growth in China. The dollar weakened slightly with the ICE US dollar index, which measures dollar’s strength against a basket of six major currencies, falling 0.1%. The S&P 500 ended lower 0.2%, with materials and energy stocks leading the decline. S&P 500 earnings are projected to decline 3.9% in the third quarter from a year ago. Boeing said it had won orders and commitments from China for aircraft valued at about $38 billion at list prices. Investors are cautious amid concerns over deteriorating global growth outlook and uncertainty over when Federal Reserve may raise interest rates. Atlanta Federal Reserve bank president Dennis Lockhart said on Wednesday investors should focus on the strength of the US economy as indicated in Federal Reserve’s policy statements rather than the more remote risks of a global slowdown. Today at 22:00 CET Fed Chair Janet Yellen will be speaking on inflation at University of Massachusetts, Amherst. Market participants will be watching closely for clues whether the Federal Reserve remains on track to raise interest rates this year or the interest rate hike may be delayed until next year in the light of the risks for US economy from slowing overseas markets. In economic data Markit report showed US manufacturers had the slowest pace of growth in September in 22 months. Today at 13:30 CET Initial Jobless Claims and Continuing Claims will be released in US. At the same time August Durable Goods Order will be published. The tentative outlook is negative. At 15:00 CET August New Home Sales will be released.

European stocks rose on Wednesday as investor optimism was buoyed by economic reports indicating euro-zone economy was on recovery track. Euro strengthened against the dollar after European Central Bank President Mario Draghi said at a European Parliamentary hearing that the central bank stands ready to expand its program of quantitative easing but didn’t provide any indication of immediate action plans. The Stoxx Europe 600 rose about 0.1%. Markit data indicated growth in euro-zone’s manufacturing and services sectors slowed as composite purchasing managers index fell to 53.9 in September from 54.4 in August, but new orders reached a five-month high. Germany’s DAX 30 closed up 0.4% as Volkswagen shares finished 5.2% higher after two days of double-digit percentage declines. Today at 09:00 CET German Ifo survey results for September will be published in euro-zone. The tentative outlook is negative for euro.

Japanese markets reopened today after a three-day national holiday and Nikkei fell 2.8% on weak Chinese and US manufacturing reports as yen strengthened against the dollar. Machinery stocks were hit hard with Okuma Corp sinking 9.1% and Makita Corp tumbling 7.8 %. Tomorrow at 0:30 CET August Consumer Price Index will be released in Japan. The tentative outlook is negative.

Chinese stocks rose today with Shanghai Composite Index gaining 0.8% in thin trading.

Oil futures prices are rebounding today after settling sharply lower on Wednesday on lower than expected decline in US crude oil stockpiles and large buildup in gasoline stocks. While US shale output has started to decline recently the long term supply and demand fundamentals remain weak with supply expected to outpace the growth in global demand.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

Forex Demo Trading Competition 2017 – AHMZ TradeFX

Forex Demo Trading Competition 2017 – AHMZ TradeFX(0)

Forex Demo Trading Competition 2017 Total Competition prize is more than 10,000 USD. Once you log in to your Demo account, you can start competing for one of the 300 prizes. Link:  Forex Demo Trading Competition 2017 Available to: All Customers Ending Date: 31 December 2017 Contest offer: Total Competition prize is more than 10,000

$300 Free Win Trading Credit on Monday – easyMarkets

$300 Free Win Trading Credit on Monday – easyMarkets(0)

Enter now and you may win $300 easyMarkets free trading credit bonus on Monday. Answer the weekend quiz and fill the form with your correct and accurate contact details. Link:  50% Deposit Bonus Up to $2000 Link:  $300 Free win Trading Credit Bonus Link:  Up to $2500 Earn just for Sharing Available to: All new

$50 Free Binary Bonus No questions asked – Tradeplus

$50 Free Binary Bonus No questions asked – Tradeplus(0)

Get $50 Free Open a free Binary live trading account, deposit and get $50 FREE Bonus – no questions asked! Make your first deposit and you’ll get an extra $50 – no strings attached Link:  $50 Free Bonus No questions asked Available to: All new Customers Ending Date: 31 December 2017 Bonus offer: Get $50

Get 20% Bonus Make $100 Deposit or More – FirewoodFX

Get 20% Bonus Make $100 Deposit or More – FirewoodFX(0)

20% Forex Bonus Make $100 Deposit or More. Bonus can be used as additional margin and equity If you deposit $500, you can hold a losing position up to $600 Link: 20% Bonus Make $100 Deposit or More Available to: All new and existing Bonus Ending Date: 31 December 2017 Bonus offer: 20% Bonus Make

150% Bonus for a First Time to Binary Trading – NordFX

150% Bonus for a First Time to Binary Trading – NordFX(0)

Up to 150% Bonus for a First Time to binary options Account. For a perfect start, we offer you a 150% bonus for a first-time $5,000 deposit. Link:  Up to 150% Bonus for a First Time Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Available to: All new traders Ending Date: 31 December

100% Welcome Bonus Plus Daily Free Signals – Trade12

100% Welcome Bonus Plus Daily Free Signals – 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 Link:  Free Daily Forex Trading Signals Available to: All new clients Ending Date: 31 December 2017 Bonus Offer: Get

25 Euro Forex No Deposit Welcome Bonus – direktbroker-FX

25 Euro Forex No Deposit Welcome Bonus – direktbroker-FX(0)

25 Euro Forex No Deposit Welcome Bonus to all EU and the UK  live Trading Account Holder. Open a real account direct instead of an demo account first and you will get a 25,- Euro Free. Link:  25 Euro Free Welcome Bonus Available to: All new account Ending Date: 31 December 2017 Bonus offer: 25

Up to $250 Cash in Your Expert Advisor – ThinkMarkets

Up to $250 Cash in Your Expert Advisor – ThinkMarkets(0)

Up to $250 Cash in Your Expert Advisor. Make the Move to Think Trader and Cash in Your Expert Advisor for Up to $250* Link:  Up to $250 in Your Expert Advisor Available to: All new account Ending Date: 31 December 2017 Bonus offer: Up to $250 Cash in Your Expert Advisor Bonus to all new

$30 Forex No Deposit Bonus Welcome Promo – XM

$30 Forex No Deposit Bonus Welcome Promo – XM(0)

$30 Forex  No Deposit Bonus Welcome Promo Bonus and 15% Welcome Deposit Bonus, Welcome Bonus brings Real Account clients the best rewards available. Entering the markets and trading with XM enables you to earn from your trades and build your own bonus up to a maximum of $1,000. Link:  $30 Forex No Deposit Bonus Link: 

50% Re-Deposit & 100% Tradable Bonus – Xtream Forex

50% Re-Deposit & 100% Tradable Bonus – Xtream Forex(0)

50% Re-Deposit Tradable Forex Bonus for all of its traders. Every existing and new trader is eligible for this Re-Deposit Tradable Bonus for depositing into their trading account. Link:  100% Tradable Deposit Bonus Link:  35% Deposit Cash Bonus Link:  50% Re-Deposit Forex Bonus 50% Re-Deposit Forex Bonus XtreamForex is glad to announce 50% re-deposit forex

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