
Wall Street: The Dow Jones, S&P 500 and Nasdaq traded all-time high!

Wall Street: The Dow Jones, S&P 500 and Nasdaq traded all-time high!

A positive opening is expected on Wall Street stock exchanges.
The future contracts on the leading indices are rising up to 0.2%.

The foreign exchange market:
The Euro rising by 0.1% against the US dollar and was trading around an exchange rate of 1.117.
The pound strengthened against the US dollar by 0.1% and traded at about 1.2936 dollars to the pound.

The European stock markets trading is conducted with slight positive trend in view of the disappointing growth figures in Japan and with the rise of the Shanghai Stock Exchange which caused by investors’ expectations of further stimulus to the economy and markets.

The growth in Japan disappointing again
The growth figures released today in Japan, the world’s third largest economy showed that during the second quarter the growth was of 0.2%, compared with forecasts for growth of 0.7%.
One of the main causes of the disappointing growth in Japan was a lower business expenses in the second quarter (0.4%)compared to the first quarter of the year.

A disappointing US economic data
The retail sales figures remained unchanged in July, while analysts expected an increase of 0.4% in this figure.
In addition, the producer price index disappointed investors after the index fell in July by 0.4% compared to expectations of an increase by 0.1% and compared with the index of June which recorded an increase of 0.5%.

Wall Street expected to open today in stability.
The futures contracts on the Nasdaq 100, S&P 500 and the Dow Jones all point to increases of less than 0.1%.

Euro zone second quarter grew by 0.3% compared to the first quarter.
These data are compatible with the earlier growth estimates.
Over the same period last year, the Euro zone grew by 1.6% and the EU by 1.8%.

Data released in China today indicate of a slowdown in the real estate market.
The home sales rose by 41.2% in the first seven months of this year, compared with an increase of 44% in January-June.

The European exchanges are in declines so far today before the publication of growth figures in the Euro zone.
Germany already posted encouraging growth data but they couldn’t pull the indices up.