The pound continues to lose high due to fears of investors from the effects of the Brexit, and falling this morning against the dollar by 1.2% to £ 1.261 rate of the dollar. It’s the pound 31-year low level versus the US currency.
US
Market News Briefing – Oct. 6th 2016 08:00 (GMT+1)
The trading on Wall Street stock exchanges closed yesterday on a positive trend for the first time three days.
The rise of the US service sector strengthened the expectations that the world’s largest economy is ready for the raise of the interest rates.
Market News Briefing – Oct. 5th 2016 15:15 (GMT+1)
The US PMI services sector in September was 57.1%, versus 51.4% in August and above the economists’ forecast of 53.1%.
Market News Briefing – Oct. 5th 2016 13:30 (GMT+1)
The US trade deficit rose in August by 3.3% to 40.7 billion dollars, while the market forecast stood at a deficit of 39 billion.
The US exports rose in Augst by 0.8% to 187.9 billion dollars, the highest level since July 2015.
Imports increased by 1.2% to 228.6 billion, the highest level in 11 months.
Market News Briefing – Oct. 5th 2016 08:00 (GMT+1)
The trading on Wall Street stock exchanges ended yesterday with declines after a volatile trading day, following a report according to which the European Central Bank (ECB) may reduce the quantitative easing program (QE) in the Euro zone ahead of schedule.
The IMF cuts its forecast for US economic growth in the current year and to -2017.
Market News Briefing – Oct. 5th 2016 07:30 (GMT+1)
The US dollar strengthened yesterday and has reached a two months high, as when he broke a significant resistance level, because of the increasing expectations that the Federal Reserve will raise US interest rates by end of the year.
The US dollar strengthened by 1.1% against the Japanese yen.
The US dollar climbed against the British pound by 0.8% to US $ 1.2736 a pound, after earlier it been strengthened exchange of 1.2722 dollars to the pound.
It’s the highest level of the US versus the British currency since 1985.
The pound weakened in the last two days after the head of a British government Theresa May announced on Article 50 of the exit the uk from the European Union, and this will start within a few months.
The US dollar climbed by 0.1% against the Euro of 1.1199 dollars to the euro.
Market News Briefing – Sept. 30th 2016 07:30 (GMT+1)
Wall Street indices ended yesterday with declines.
The Dow Jones lost 1.1%, the Nasdaq and the S&P 500 shed 0.9% of their value.
Reflecting the drop, the growing concern of investors from the collapse of the Deutsche Bank which fell yesterday by 6.6%.
Since the peak in July 2015, Deutsche Bank’s share price fell 65% to a record low.
Its market value has been cut from 50 billion to 16 billion only.
Market News Briefing – Sept. 29th 2016 13:30 (GMT+1)
US economic data:
The US growth in the second quarter stood at 1.4%, versus expectations of a 1.3% figure.
The initial Jobless Claims stood at 254 thousand, compared with an expected 260 thousand.
Market News Briefing – Sept. 28th 2016 15:15 (GMT+1)
Yellen to Say Good Things About Wall Street in her Testimony
Federal Reserve Chair Janet Yellen will paint a rosy picture of Wall Street’s, even though her agency ruled this year that five of the biggest U.S. banks couldn’t fail without dragging down the financial system.
Market News Briefing – Sept. 28th 2016 12:45 (GMT+1)
At 15:30 (UK time) the data of the given weekly US crude oil inventories will be published, when the forecast predicts an increase of 2.4 million barrels, compared with a decline of 6.2 million last week.
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