Last year China’s economy underwent severe shocks following her economy changes regarding the trade exports and private consumption services.
As part of the Chinese government’s measures to soften the transition of the economy, it adopted a strategy to weaken the yuan in order to support exports and growth.
Some of these moves have led to capital flight on a huge scale and it now appears that China has lost 513 billion dollars of its foreign exchange reserves in 2015.

The indices on Wall Street closed on a positive trend last Friday, despite the weak employment figures release in the US which reinforced expectations that the Federal Reserve will not raise the interest rates this year.
However, on a weekly summery the indices declined for the second consecutive week.

Apple shares retreated last Friday by 0.6% and closed at the lowest level since June 2014.
The iPhone maker’s share declined for 14 days in the last 16 trading days, during which it fell by 18%.

the price of the Gold rose last Friday for the first time in four days after the disappointing jobs data released in the US, which have strengthened their assessments that the Fed will not rush to raise interest rates in the US.
Consequently the US dollar got weakened, because the demand for the precious metal as an investment alternative instead of the US currency rose.
In a weekly summary, the price of the Gold rose by 0.3% to a price level of 1,294 dollar per ounce.

The European stock markets closed last Friday with declines for the fifth time in six trading days, on their way to the weekly sharpest drop in almost three months.
It came after disappointing employment report published in the United States which intensified the concerns over a negative global growth outlook.

The US employment report was disappointing with an addition of 160 thousand jobs in the labor market.
The report for April was weaker than expected because the market had expected the addition of 202 thousand jobs.
The unemployment rate remained unchanged at 5% and the wages per hour rose to 0.3%, an annual increase rate of 2.5%, according to analysts forecasts.

The weak report can cause the Fed to postpone raising interest rates in December, and possibly even next year.
On one hand, Wall Street doesn’t like rate increases and strong report stated could of bring one, but on the other hand, although a weak report may lead to a delay of the raising interest rates, it can show investors that the US economic situation isn’t good enough and it may lead to a measures of reduction.

The trading on Wall Street opens today with rising prices, in view of sharp increases in oil prices, as a result of fires in Alberta, the “oil capital” of Canada, which causing severe disruptions in the oil production in reservoirs in the area.
The US indices influenced by macro data and reports published today,such as the the weekly jobless claims.
The data pointed of a sharp rise in the initial jobless claims, more than expected, 274 thousand – a record of five weeks, compared to 257 thousand in the previous week. However, the number of people receiving unemployment benefits fell to a low of 16 years.
The first quarter earnings season is in the final stretch.
Before the trading today, China’s online commerce giant Alibaba reported of a surge of 39% to 3.75 billion, and the net income jumped by 97% to 793 million.

Yesterday there was no significant economic data, and investors are waiting for some important news later in the week and particularly the employment data which will be released on Friday in the United States. After a relatively weak earnings season, the NFP (Non-Farm Payrolls) figures will be particularly important because strong numbers could provide a tailwind to a rise of the rate already in June, and to the dollar to recover slightly. Analysts expect the addition of 206 thousand new jobs, compared to 215 thousand in the previous month and a decrease of 5% to 4.9% in the unemployment rate.

Yesterday, Wall Street stock markets closed with declines, together with negative trend earlier in the European markets and following the drop in oil prices.

A daily summary on Wall Street, the Dow Jones fell by 0.8%, the S P 500 dropped by 0.9% and the  NASDAQ lost 1.1%.