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%.
Market News Briefing – November 16th 2016 13:00 (GMT+1)
Expected declines on Wall Street:
The futures contracts are traded at this moment with slight declines.
Market News Briefing – November 16th 2016 12:00 (GMT+1)
The oil traded with price declines in the global markets.
A barrel of Brent lost 2% of its value to 46 dollars, and the price of a barrel of WTI was down 1.5% to 45 dollars.
Market News Briefing – November 16th 2016 10:15 (GMT+1)
UK unemployment level fell to its lowest level in a decade.
In the three months to September (third quarter), the unemployment in the UK stood at 4.8%, versus 4.9% in the three months up to August.
The forecast of economists was also 4.9%.
On the other hand, the number of job seekers rose to 9,800 in the third quarter, when the expectations were for a rise of only 2,000.
Market News Briefing – November 16th 2016 10:00 (GMT+1)
The trading on the European stock markets being conducted this morning with a mixed trend continuing the trend similar to the Asian markets.
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