
U.S. Consumer Spending Rose 0.5% in September, a sign of resilience among households amid middling economic growth.

U.S. Consumer Spending Rose 0.5% in September, a sign of resilience among households amid middling economic growth.

The trading day in Wall street opened today (Monday) with volatility at the background of a negative trend in European stock markets.

The first trading day of the new week on Wall street is expected to open price increases.
The trading will be opened after recent polls showed that US Republican presidential candidate Donald Trump, was able to reduce significantly the gap between himself and the Democratic candidate, Hillary Clinton.

The European stock markets trading week opened this morning (Monday) with declines at the background of recent developments in the US presidential race.
The trading on Asia ended with declines as when the futures contracts on Wall street for now are signalling on rises.

More data’s from Japan are signaling on weakness of the local economy.
The industrial output in September remained stable compared with August in the shadow of slow growth in the world, while the retail sales dropped by 1.9% compared to September 2015, also, it was the seventh consecutive month of declines.

There is a negative trend so far today at the European stock markets, as when the futures contracts on Wall Street are also signaling on declines.

The French economy grew in the third quarter at a rate lower than expected.
The second largest economy in the Euro zone grew last quarter by 0.2% compared to the second quarter, then it shrank by 0.1%.
The Analysts’ forecasts had expected an expansion of 0.3%.

Japan – The consumer price index in September dropped by 0.5% compared to the year, which consistent with the expectations of analysts, and it is the seventh consecutive month of declines.

Following the strengthening of expectations that the US interest rate rise is closer, the US dollar is at a three-month peak versus the Japanese yen.
The US currency rising by 0.1% and was trading around 105.4 yen to the dollar.

The price of the gold strengthened yesterday by by 0.2% and ended at the price level of at 1,269 dollars an ounce, but since the start of this month, the gold lost 3.5%.