The foreign exchange market:
The US dollar weakened against the Euro by 0.15% and is trading at about 1.071 dollars for Euro.
Month: November 2016
Market News Briefing – November 17th 2016 14:30 (GMT+1)
The trading on Wall Street opens with slight modifications at the leading indices, in light of the testimony of Federal Reserve Governor Janet Yellen at the Congress.
Market News Briefing – November 17th 2016 14:00 (GMT+1)
The US inflation data released today indicate the sharpest increase in the CPI in the US for six months.
The increase was recorded mainly due to increased fuel prices and rents, and it seems that the Fed was waiting for those data to be able to start raising the interest rates again in December – a year after it raised last time.
According to Labor Department data, the US consumer prices in October rose by 0.4% compared to September, and at an annual rate of 1.6%.
This is the sharpest annual increase since October 2014.
In September, the index increased by 0.3%
Another statistic that may delay the interest rate in the US is the core inflation, the CPI excluding energy and food, which is the main measure pursued by the Federal Reserve.
The core’s inflation rose in October by 0.1% compared to September, and the annual core inflation rate slowed to 2.1% compared to 2.2%.
Market News Briefing – November 17th 2016 12:30 (GMT+1)
The futures contracts on Wall Street are signalling on a positive opening, while the European markets are being in a mixed trend.
The Asian markets closed at a stable trend while the Oil prices are rising.
Market News Briefing – November 17th 2016 09:30 (GMT+1)
The English pound strengthened by 0.3% against the US dollar to a price level of 1.248 dollars to the pound, after the UK retail sales jumped sharply and more than expected in October.
The sales in October rose by 1.9% compared with September, when there was an increase of only 0.1%
Market News Briefing – November 17th 2016 08:30 (GMT+1)
The European stock markets trading is conducted with price declines, continuing to the decline recorded yesterday.
The FTSE is unchanged, the DAX decreasing by 0.6% and the CAC decreasing by 0.2%.
Market News Briefing – November 17th 2016 08:00 (GMT+1)
The conduct of the Asian stock markets this morning is of a slight increases, after the trading on Wall Street closed with a negative trend yesterday.
Market News Briefing – November 16th 2016 15:30 (GMT+1)
Wall Street trading opened declines, with an increase power of the US dollar to a 14-month peak and the continuing decline in the government bond market.
In addition, US data released today showed a low inflation at the wholesale level, indicating a weaker than expected economic activity.
Market News Briefing – November 16th 2016 14:45 (GMT+1)
Facebook shares fell by 1.5% while yesterday after the stock lost 2.5% and completed a course of decline of 12% within three weeks.
Many wonder if this is a market entry opportunity for buying the share or a falling knife.
Earlier this month, Facebook has released reports for the third quarter and since the downward movement worsened.
Market News Briefing – November 16th 2016 14:30 (GMT+1)
US producer price index remained unchanged in October compared to September, although Wall Street expected an increase of 0.3%.
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