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

$1000 Welcome Deposit Bonus Promotions – eToro

$1000 Welcome Deposit Bonus Promotions – eToro(0)

Get Forex Welcome Deposit Bonus Promotions code by eToro Forex Broker. Trade over 900 global instruments with most advance and friendly trading platform. Link:  Top Copy Trading Social Platforms Link: Up to $1000 Welcome Deposit Bonus Available to: All new account Ending Date: 31 December 2018 Bonus Offer: Get Forex Welcome Deposit Bonus Promotions code

$50 Forex No Deposit Welcome Free Bonus – ForexBull

$50 Forex No Deposit Welcome Free Bonus – ForexBull(0)

$50 Forex No Deposit Welcome Free Bonus is available to all new clients of ForexBull as well as for those who still haven’t got any previous No Deposit Welcome Free Bonuses from the company. Link:  $50 Forex No Deposit Welcome Bonus Available to: All new trading account Ending Date: 31 December 2017 Bonus offer: $50

Forex Global Demo Trading Contest 2017 – AETOS

Forex Global Demo Trading Contest 2017 – AETOS(0)

The AETOS Capital Forex Global Demo Trading Contest 2017, with weekly prizes and overall championship prizes to win! The total prize of the contest is worth $10,000*! Link:  Global Forex Demo Trading Contest Available to: All clients Ending Date: 31 December 2017 Contest offer: Global Forex Demo Trading Contest Top prize worth $10000 As one

100% Double Dynamo Bonus up to $10000 – FXPRIMUS

100% Double Dynamo Bonus up to $10000 – FXPRIMUS(0)

100% Double Dynamo Bonus Forex on up to $10,000 plus up to $4 cash back Rebate Bonus for every lot traded! Be rewarded with this incredible offer which is available for a limited time only Link: 100% Double Dynamo Bonus Available to: All New and Existing Clients Ending Date: 31 December 2018 Bonus offer: 100%

Get 25% Credit Bonus on their first Deposit – HYCM

Get 25% Credit Bonus on their first Deposit – HYCM(0)

Get 25% Credit Bonus available on your Deposits. Experience Some of HYCM New Features, Services and Offers Receive 25% Forex trading credit bonus Link:  25% Trading Bonus on your Deposits Ending Date:  31 December 2017 Available to:   New Clients only Bonus Offer: 25% Trading Bonus Available on your deposits to New Clients only. This promotion

50% Deposit Bonus and $5 No Deposit Bonus – FortFs

50% Deposit Bonus and $5 No Deposit Bonus – FortFs(0)

Up to 50% Bonus of Every Deposit and $5 Forex No Deposit Welcome Bonus. You Deposited $1000 on your account, chose a 50% 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 Available

Get $30 Forex Deposit Bonus for an Article – FreshForex

Get $30 Forex Deposit Bonus for an Article – FreshForex(0)

Get $30 Forex Deposit Bonus for an Article Write an expert article about the Forex trading market to earn a $30 Forex deposit bonus to start earning from scratch and spread your ideas, thoughts. Link:  $30 Deposit Bonus for an Article Link:  $2017 No Deposit Bonus offers Link:  123% Deposit Bonus Promotion Available to: All

Get $50 Free Campaign and Trade Three Easy Steps – UFX

Get $50 Free Campaign and Trade Three Easy Steps – UFX(0)

Get $50 Free Bonus Campaign and Trade Three Easy Steps Trading is simple and it’s on UFX. Get your FREE $50 No Deposit Welcome Bonus and start forex trading. Link:  $50 Forex No Deposit Bonus Promotion Link:  100% Real Money CashBack Promotion Available to: All new trading account Ending Date: 31 December 2017 Bonus offer:

The Ultimate Forex Partners Competition – Tickmill

The Ultimate Forex Partners Competition – Tickmill(0)

The Ultimate Forex Partners Competition of winning a brand new Harley-Davidson or one of over $10,000 worth of prizes that we are offering Link:  Ultimate Partners Ride Contest Link:  $30 Forex No Deposit Welcome Bonus Link:  Forex Monthly Live Trading Contest Link:  Weekly Demo Race Trading Contest Available to: All new traders Ending Date: 31

100% Welcome Bonus Plus Risk Free Trade – Trade12

100% Welcome Bonus Plus Risk Free Trade – 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

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