Subscribe to RSS

Market Overview :  US markets retreat on positive job openings report

US stocks fell sharply on Wednesday as better than expected job openings in July were seen as increasing the likelihood of interest rate hike by the Federal Reserve at its September 16-17 policy meeting. The dollar edged higher against yen while the ICE US dollar index, which measures dollar’s strength against a basket of six currencies, remained essentially flat. S&P 500 dropped 1.4% with all 10 main sectors finishing lower, led by energy, consumer staples and healthcare stocks. US Labor Department data showed job openings surged to a record high of 5.75 million in July as the number of positions waiting to be filled jumped by 430,000, the biggest gain since April 2010. This suggests tightening of the labor market as it is getting harder to find qualified workers. Investors interpreted the report as supporting the case for raising the interest rate sooner, and according to CME Group’s FedWatch traders are pricing in a 25.7% chance the central bank will increase rates this month, up from 21.43% the day before job openings report was released. Apple fell 1.9%, dragging stock indexes lower after the new iPhones with 3-D touch technology unveiled at the hardware event didn’t have the expected impact as were mostly seen as upgrades to existing devices. About 7.2 billion shares traded hands on US exchanges, in line with the three-month average. Today at 13:30 CET July Wholesale Trade Sales and August Import Price Index will be published. At the same time Initial Jobless Claims and Continuing Claims will be released in US. The tentative outlook is positive for the dollar. At 15:00 CET August Wholesale Inventories will be released. The tentative outlook is positive. At 15:30 CET Natural Gas Storage Change will be released by the Energy Information Administration. And at 16:00 CET US crude oil inventories will come out.

European stocks advanced on Wednesday for third session in a row as miners rose after authorities in China and Japan announced plans for additional stimulus for their faltering economies. Euro edged higher against the dollar. The Stoxx Europe 600 rose 2%, DAX 30 rose 1.6%. Ryanair was the best performer as it jumped 5.3 % after the budget airline raised its annual profit forecast by 26%. Volvo AB rallied 3.8% following a ratings upgrade to neutral from sell by UBS. GlaxoSmithKline PLC fell 1.2% after a failed clinical trial of its new inhaler for chronic obstructive pulmonary disease. No important economic data are expected today in euro-zone. Today at 13:00 CET Bank of England rate decision will be released, the interest rate is expected to be left unchanged at 0.5%.

Nikkei fell 2.5% today as investors booked the gains from previous day’s rally after data showed machinery orders fell for a second month in July, spurring concerns lower investment will undermine a recovery from an economic contraction in the second quarter. Exporters fell, Toyota Motor declined 3.4% and Honda Motor Co lost 2.4%. Tomorrow at 00:50 CET third quarter Business Survey Index will be published by the Ministry of Finance in Japan.

Oil futures prices are falling today after dropping 3.9% on Wednesday following the Energy Information Administration monthly report which cut price forecasts for this year and next.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

100 USD Wanga Bonus Promotion – Fort Financial

100 USD Wanga Bonus Promotion – Fort Financial(0)

100 USD Free Wanga Bonus Promotion to All New and Existing Traders. You can withdraw your Free Wanga Bonus Amount or use it for further forex trading on your account Link:  100 USD Wanga Bonus Promotion Link:  $5 Forex No Deposit Welcome Bonus Link:  Up to 50% Bonus of Every Deposit Link:  15% Support Margin

$50 Forex No Deposit Free Power Bonus – GIC Market

$50 Forex No Deposit Free Power Bonus – GIC Market(0)

$50 Forex No Deposit Free Power Bonus Promotion to All New Traders. $50 Forex No Deposit Free Bonus is one of the unique promotions that offer new traders money to open a live trading account. Link: $50 Forex No Deposit Power Bonus Available to: New and Existing Traders. Ending Date: 31 December 2017 Bonus Offer:

$3500 Free Forex No Deposit Trading Bonus – InstaForex

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

Get $3500 Free Forex No Deposit Trading Bonus Start Trading Forex and CFD Without Deposit and Without Risks. The new $3500 No Deposit Forex Bonus from InstaForex is an exciting opportunity to start Forex Trade. Link:  $3500 Free No Deposit Bonus Link:  Get 250% Bonus for First Deposit Link:  100% Deposit Bonus Campaign Available to: 

Up to $1000 Welcome Bonus of Every Deposit – FortFS

Up to $1000 Welcome Bonus of Every Deposit – FortFS(0)

Up to 50% Bonus of Every Deposit to All New and Existing Traders. You Deposited $1000 on your account, chose a 50% bonus and got 500 extra dollars to the initial deposit amount. Link:  $50 Forex No Deposit Welcome Bonus Link: Up to 50% Bonus of Every Deposit Link: $5 Forex No Deposit Welcome Bonus

30 USD Forex No Deposit Bonus Promotion – Tickmill

30 USD Forex No Deposit Bonus Promotion – Tickmill(0)

$30 No Deposit Forex Welcome Bonus Campaign to All new traders. $30 Free Forex Welcome Account is available to all new clients who expressed a wish for it during the registration process. Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Campaign Link:  Forex Monthly Live Trading Contest Available to: All new traders

$25 Deposit and earn $5000 Cashback Bonus – UFX

$25 Deposit and earn $5000 Cashback Bonus – UFX(0)

100% Forex Real Money Cash-back Bonus 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 Free and Trade in Three Steps Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack

300% Deposit Bonus Plus Free Forex Signals – MarketsYes

300% Deposit Bonus Plus Free Forex Signals – MarketsYes(0)

300% Tradable Bonus Promotion up to $3000. MarketsYes is offering all prospective clients’ deposit for up to 3000 USD/EUR/GBP a 300% Forex Tradable Bonus. Link:  300% Tradable Bonus Promotion Available to: All new traders Ending Date: 31 December 2018 Bonus Offer: 300% Tradable Bonus Promotion up to $3000 to all new traders SETTLEMENT COMPANY CORPORATION

Receive $100 Free on your Trading Account – FxFinance

Receive $100 Free on your Trading Account – FxFinance(0)

Receive $100 Free on your FxFinance Live Trading Account. $100 Free offer is valid for an unlimited period of time, for all those who have made accruals for the shares before August 31, 2017. Link:  Receive $100 Free on your Account Available to: All new trading account Ending Date: 31 August 2017 Terms of action:

15% Margin Bonus and $50 No Deposit Bonus – FortFS

15% Margin Bonus and $50 No Deposit Bonus – FortFS(0)

15% Margin Bonus and $50 No Deposit Bonus Promotion from FortFS to All New and Existing clients For Limited Time Offer. Fort Financial Services announces the start of the new promo-action from 26.10.2015 until 31.12.2018. Link:  15% Support Margin Bonus Promo Link:  50% Deposit Bonus Promotion Link:  $50 Forex No Deposit Welcome Bonus Available to:

$50 No Deposit Bitcoin Forex Bonus Promotion – UFX

$50 No Deposit Bitcoin Forex Bonus Promotion – UFX(0)

$50 Forex No Deposit Bitcoin Bonus Special Promotion to all new trading account holder. Start Forex Trading Bitcoin with UFX and  Get a $50 No Deposit Bonus Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  Halloween Trick or Trade Competition Available to: All new trading account Ending Date:

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