
The trading in most Asian markets is conducted with declines in view of the positive earnings season in the US, which strengthened the chances that the Fed will raise the interest rates this year.

The trading in most Asian markets is conducted with declines in view of the positive earnings season in the US, which strengthened the chances that the Fed will raise the interest rates this year.

According to “beige book” – the periodic report of the Federal Reserve on the state of the US economy which was published yesterday, the US economy continued to grow at a moderate pace mostly late August to early October.

Investor attention’s will be following the “Beige Book” which is the periodic report of the Federal Reserve on the state of the US economy.
The report will be published today at 19:00 UK time.

The new-home construction in the U.S. unexpectedly fell in September by 9%, but the permits rose more than forecast, in signs of fitful progress in residential real estate.

The initial jobless claims at the US stood at 246 thousand, below expectations of 254 thousand, and unchanged from the previous week.
This figure continues to maintain the lowest level since 1973.

The protocol the last meeting of the Federal Reserve which released yesterday included evidence that central bank decision makers are in no hurry to raise interest rates in the US.
Yesterday, the indices recorded the sharpest daily fall this month in view of the backdrop of a disappointing opening of the quarterly earnings season on Wall Street.

After the release of the employment data on Friday, which probably will lead to a further rate rise in the US towards the end of the year, this week the investors will focus on the opening week of the earnings season on Wall Street. In addition, investors will bear the eyes to London, after a volatile week on the local stock exchange and on the British currency.

The US jobs report disappoints again.
The NFP in September amounted to 156 thousand only, while the forecasts was to an addition of 175 thousand jobs.
Also, the unemployment rate climbed from 4.9% to 5%.

The futures contracts on Wall Street signaling on a decline of 0.3% in the leading indices with the opening of trading today, before the employment report.

There is a mixed trend this morning (Friday) at the Asian stock markets, after a sudden drop in pound which alarmed investors, and at the background of the US employment data that will be announced later today, and which expected to strengthen the case for raising the interest rates by the Federal Reserve this year.