Subscribe to RSS

Markets advance despite weak reports from US and China

US stocks advanced on Monday led by energy shares and healthcare stocks. The dollar didn’t change much versus most major currencies, with the ICE US dollar index, a measure of the dollar’s strength against a basket of six currencies, ending up 0.17%. The S&P 500 live data indicate S&P 500 rose 1.2% closing at 2,104.05. It is the broad market index’s first close above 2100 since August 17. All sectors recorded gains. Stock market advanced despite economic reports indicated manufacturing sector in October grew at slowest pace in two and a half years. Investors focused instead on the performance of energy industry and the rising merger and acquisition activity in healthcare industry. The gains in energy sector were driven by Exxon Mobile and Chevron, which rose 4.5% and 3.1% respectively after posting better than expected quarterly results on Friday. Pfizer rose 3.7 %, and AbbVie rallied 6.4%, providing the biggest boost to the healthcare sector. Dyax shot 28.4% on the news the British drugmaker Shire would buy the company for about $5.9 billion. US-listed shares of Canadian drugmaker Valeant, which engaged in tactics of acquiring rights to treatments and boosting prices, jumped 7.1% after short-seller Citron Research said it would not be releasing new allegations how the company inflated sales and engaged in accounting practices reminiscent of power trader Enron Corporation that collapsed in 2001 . Investors are now looking forward to this Friday’s employment report to determine whether the Federal Reserve will raise interest rates in December. Today at 15:45 CET the New York ISM index for October will be released. At 16:00 CET September Factory Orders will come out. The tentative outlook is negative for the dollar.

European stocks closed higher on Monday in a choppy trade after opening lower following the disappointing data on China’s manufacturing activity. Caixin China manufacturing purchasing managers index indicated the manufacturing activity contracted for an eighth straight month in October. Investor optimism was boosted later as PMIs for euro-zone and Germany came in higher than expected, easing concerns about the negative impact on euro-zone of slowing growth in China and emerging markets. The DAX 30 index recorded the biggest gain among the European indices as it rose 0.9%. Markets were also supported by the comments of European Central Bank (ECB) president Mario Draghi over the weekend that ECB was ready to do what it takes to keep its medium-term inflation target on course. Banks were among best performers after the Greek banks passed the ECB stress tests, indicating the 14 .4 billion euros of collective capital shortfall of four major banks was less than the 25 billion maximum allocated for bank recapitalisation as part of the country’s bailout agreement. French carmaker Renault gained 4.2 % on data indicating increasing market share as French car registrations rose 1% in October. No important economic data are expected today in euro-zone. At 19:00 CET ECB president Draghi will speak in Frankfurt.

Japan’s markets are closed today for a Culture Day holiday. As market participants expected the Reserve Bank of Australia kept its cash rate today unchanged at a record low of 2.0%, but said further easing was possible.

Several commodity futures prices are rising today after yesterday’s retreat following weak Chinese PMI data.

Brent oil prices are falling today on concerns over weak global demand and rising oil production in Russia.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$5000 BitCoin Rewards Bonus Forex Promotion – UFX

$5000 BitCoin Rewards Bonus Forex Promotion – UFX(0)

$5000 BitCoin Rewards Bonus Forex Promotion. Only with UFX Broker can you Trading  BitCoin without the need of a Bitcoin exchange or any complicated Bitcoin wallets and addresses. 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 Promotion

300% Tradable Bonus Promo up to $3000 – MarketsYes

300% Tradable Bonus Promo up to $3000 – 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 Link:  Risk Free Trade plus Forex Free Signals Available to: All new traders Ending Date: 31 December 2018 Bonus Offer: 300% Tradable Bonus Promotion up to

Get 300% Ramadan Welcome Bonus Campaign – FBS

Get 300% Ramadan Welcome Bonus Campaign – FBS(0)

Get 300% Ramadan Welcome Bonus Campaign. Register a Ramadan Forex Live Trading Account now and get a 300% Ramadan Welcome Bonus Campaign for deposits starting from $100 Link:  300% Ramadan Bonus Campaign Link:  $123 Forex No Deposit Bonus Link:  100% Deposit Bonus Promotion Available to: All new traders Ending Date: 31 December 2018 Bonus Offer:

$100 Binary Options No Deposit Bonus Contest – AYREX

$100 Binary Options No Deposit Bonus Contest – AYREX(0)

$100 Free Binary Options No Deposit Bonus Contest is a competition open to all AYREX account holders via demo accounts created automatically upon registration and used solely for contest participation Link:  $100 Free Win in Just One Hour Link:  $30 Binary Options No Deposit Bonus Link:  30% Binary Options Deposit Bonus Contest Ending Date: 31

$50 Free Bonus Promotion Start Trading Bitcoin – UFX

$50 Free Bonus Promotion Start Trading Bitcoin – UFX(0)

Get a $50 Free Bonus Promotion Start 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 Free and Trade in Three Steps Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion Available

30% Binary Options Welcome Bonus up to $1000 – Ayrex

30% Binary Options Welcome Bonus up to $1000 – Ayrex(0)

30% Binary Options Deposit Bonus Up to $1000 to all new Traders. Welcome Bonus can be applied to a deposit that equals 100 EUR/USD or a larger amount Link:  $100 Free Win in Just One Hour Link:  $30 Binary Options No Deposit Bonus Link:  30% Binary Options Deposit Bonus Ending Date: 31 December 2018 Bonus

Up to 200% Bonus Forex and Binary Options – Grand Capital

Up to 200% Bonus Forex and Binary Options – Grand Capital(0)

Up to 200% Bonus Forex and Binary Options Promotion to your Deposit to All clients. The Bonus Promo size ranges from 60% to 200%, depending on the account type, deposit amount and the term of trading with Grand Capital. Link:  Up to 200% Bonus to your Deposit Link: Up to 444% Profit Receive for a

$15 Cashback Rebate Bonus per Lot Traded – FBS

$15 Cashback Rebate Bonus per Lot Traded – FBS(0)

Get $15 Cash back Rebate Bonus per Lot Traded to All new traders. $15 Cashback Rebate Bonus service is unavailable for the clients, who registered their accounts via their partners. Link:  $123 Free Special Bonus Promotion Link:  100% Deposit Bonus Promotion Link:  $88.8 Lucky No Deposit Required Bonus (for Malaysian traders) Available to: All new

100% Cashback Loyalty Bonus & $50 Free Bonus – UFX

100% Cashback Loyalty Bonus & $50 Free Bonus – UFX(0)

UFX 100% Rewards Cashback Loyalty Programme and $50 Forex No Deposit Bonus Special Bonus to All new and existing accounts. Learn about Forex trading bonus promotion Link:  $50 Free and Trade in Three Steps Link:  100% Rewards Cashback Loyalty Promo Link:  $50 Free No Deposit Bitcoin Bonus Available to: All new trading account Ending Date:

Free Trading Signals and Forex Free E-books – Trade12

Free Trading Signals and Forex Free E-books – Trade12(0)

Get 100% Forex Deposit Bonus and Free Forex Daily Trading Signals, Forex Free E-books, Boost your trading with a free 100% Welcome Deposit Bonus to your Live Trading Account. Link:  Free Daily Forex Trading Signals Link:  Get 100% Welcome Deposit Bonus Link:  50% Exclusive Deposit Bonus Link:  Free Trader Education and Free Ebooks Link:  Free

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