Subscribe to RSS

Market Overview: Markets stabilize after Monday’s global rout

US stocks ended slightly higher on Tuesday after slumping in the first trading day of 2016 in a global rout sparked by continued contraction in China’s manufacturing sector. The dollar strengthened supported by concerns about slowdown in China’s growth. According to live dollar index data the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.5% to 99.396. The S&P 500 closed 0.2% higher, led by telecoms and utility stocks. Oil companies were the biggest decliners. The Dow Jones Industrial Average rose less than 0.1%. The Nasdaq Composite Index fell 0.2%. Apple fell 2.5% on news the iPhone maker was expected to cut production of its 6S and 6S Plus models. Shares of Ford and General Motors fell 1.8% and 2.6% respectively as US December auto sales came in lower than expected. US stock index futures are falling presently. Today at 13:00 CET Mortgage Applications will be released in US. At 14:15 CET December non-farm employment change will be published by ADP. At 14:30 CET November Trade Balance will be released. And at 16:00 CET Institute for Supply Management Non-Manufacturing PMI for December, as well as November Factory Orders will be released. While the ISM PMI is expected to rise, the factory orders are expected to fall. At 20:00 CET minutes from December 15-16 FOMC meeting will be published.

European stocks rebounded on Tuesday supported by a rally in mining and telecoms stocks. The euro hit the lowest against the dollar in a month, trading at $1.0746 late Tuesday in New York compared with $1.0826 late Monday as lower-than-expected 0.2% euro-zone inflation in December gave rise to expectations of more stimulus measures by the European Central Bank. The Stoxx Europe 600 index ended 0.6% higher in a choppy session. Germany’s DAX 30 rose 0.3% to 10,310.10 after the biggest daily slide in four months on Monday, and France’s CAC 40 lost 0.3%. Volkswagen sank 4% on news the US Justice Department filed a lawsuit against the German car maker for up to $90 billion, alleging it installed illegal emissions defeat devices in nearly 600,000 diesel-engine vehicles. Today from 09:45 – 10:00 CET final readings for December Services and Composite PMIs for France, Germany and euro-zone will be released. The tentative outlook is neutral. At 10:30 CET December Services PMI will be published in UK. The tentative outlook is positive. And at 11:00 CET November Producer Price Index will be released in euro-zone. The tentative outlook is negative.

Nikkei fell 1% today as yen strengthened against the dollar on increased safe-haven demand after the release of weak Services Purchasing Managers’ Index data in China reinforced concerns that China’s economy is slowing down. The Caixin Services PMI fell to 50.2 in December from 51.2 in November, showing a deceleration in China’s services sector growth, which fell to its slowest rate in 17 months.

Oil futures prices are extending losses today after closing lower on Tuesday despite concerns about possible supply disruptions due to rising tensions between Saudi Arabia and lran over the Saudi execution of a Shi’ite cleric. Both February WTI and Brent crude prices fell 2.2% settling at $35.97 and $36.42 a barrel respectively on the New York Mercantile Exchange and London’s ICE Futures exchange. Today at 16:30 CET US Crude Oil Inventories will be released by Energy Information Administration. Analysts’ estimates point to a likely rise in crude oil stockpiles.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$50 Forex No Deposit Bonus Exclusive Offer – FortFS

$50 Forex No Deposit Bonus Exclusive Offer – FortFS(0)

$50 Forex No Deposit Bonus Exclusive Offer to New and Existing Traders. The $50 Forex No Deposit Welcome Bonus can be received within the promotional time period, from 28.11.2016 to 07.12.2016 inclusive. Link:  $50 Forex No Deposit Welcome Bonus Link:  Up to 50% Bonus of Every Deposit Link:  15% Support Margin Bonus Available to: New

$25 Countdown Forex Bonus Promotion 2017 – ForexTime

$25 Countdown Forex Bonus Promotion 2017 – ForexTime(0)

$25 Countdown Forex Bonus Promotion 2017 new and existing will be eligible traders. ForexTime is offering by receive a $25 credit bonus when they make a deposit of $300 into their accounts*. Link:  $25 Countdown Credit Bonus 2017 Link:  Loyalty Cashback Promotions Link:  $4 Cashback back for every lot Ending Date: 31 December 2016 Available

100% US NFP Bonus Promotion December 2016 – Xtrade

100% US NFP Bonus Promotion December 2016 – Xtrade(0)

Up to 100% Deposit Bonus Promotion to All New and Existing Customers. December 2016 US NFP Announcement Deposit NOW $1000 to $5000 and receive 100% bonus! Link:  $50 No Deposit Bonus Promotion Link: 100% Deposit Bonus Promotion Link:  Free Flight Tickets to Madrid Available to: All New and Existing Customers Bonus Ending Date: Valid 01/12

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 Available to: All new clients Ending Date: 31 December 2016 Bonus Offer: Get 100% Welcome Deposit Bonus Plus 7-day risk

Get 25% Credit Bonus on their first Deposit – HYCM

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

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 2016 Available to:   New Clients only Bonus Offer: 25% Trading Bonus Available on your deposits to New Clients only. This promotion is

$300 Free win Forex Trading Credit Bonus – easyMarkets

$300 Free win Forex Trading Credit Bonus – easyMarkets(0)

$300 Free win Forex Trading Credit Bonus to all new and existing clients. 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:  $25 Forex No Deposit Bonus Available to: All new and existing clients.

$25 Free Bonus Forex & Binary Options – MarketsYes

$25 Free Bonus Forex & Binary Options – MarketsYes(0)

$25 No Deposit Bonus Forex / CFD & Binary Options. in order to get the No Deposit Bonus they must register and during the registration it will be a place to paste the coupon code: wl25cm . Link: $25 Free Bonus Forex / CFD & Binary Options Available to: All New Traders. Ending Date: 31

$50 No Deposit Forex Welcome Bonus – Fort Financial

$50 No Deposit Forex Welcome Bonus – Fort Financial(0)

$50 No Deposit Forex Welcome Bonus to New and Existing Traders. The $50 No Deposit Forex Welcome Bonus can be received within the promotional time period, from 28.11.2016 to 07.12.2016 inclusive. Link: $50 Forex No Deposit Welcome Bonus Link: Up to 50% Bonus of Every Deposit Link: 15% Support Margin Bonus Available to: New and

$50 Free Black Friday Cash Bonus Promotion – XTrade

$50 Free Black Friday Cash Bonus Promotion – XTrade(0)

$50 Black Friday Free Bonus Promotion to all new Customers. Open an Account Today Start Forex Trading with Xtrade Broker and Get a $50 Black Friday Free Bonus Link:  $50 Free Black Friday Cash Bonus Link:  $20 Forex No Deposit Bonus Promotion Link:  77% Forex Depoait Bonus Promotion Ending Date: 31 December 2016 Available to:

Free Forex and Binary Options Signals – Best Signals Fx

Free Forex and Binary Options Signals – Best Signals Fx(0)

Get Free Forex and Binary Options Best signals. Directly to YOUR mobile via WhatsApp!. The Free Best signals be sure to add the phone number +44 758 753 82 64 to your phone contacts and send word ‘signals’ via WhatsApp Link:  Free Forex and Binary Options Signals Available to: All existing and new customers. Ending

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