Like the global trend: the expectations on Wall Street is of declines
The futures contracts indices traded on Wall Street today are with a slight declines, due to the negative trend on stock exchanges in Europe and Asia, and despite the new highs from yesterday and when the leading indices went up to new highs.
A rise of the UK inflation after the weakness of the pound
The UK inflation has risen sharply than expected in July.
The weakening of the British pound after the referendum, has made the imported products to be more expensive for local buyers.
The consumer price index in Britain rose last month by 0.6%, the sharpest rate since November 2014.
The European stock markets trading is conducted with price declines and the Euro strengthened.
FTSE decreasing by 0.5% after eight days of gains, the CAC and DAX are also down by 0.5%.
The euro strengthened by 0.5% against the US dollar of 1.1236 dollars to the Euro.
The price of the oil in decline after his rise of 3% yesterday.
As a result, the Asian stock markets trading is conducted this morning with declines and also the Japanese yen is getting stronger.
Wall Street: The Dow Jones, S&P 500 and Nasdaq traded all-time high!
A positive opening is expected on Wall Street stock exchanges.
The future contracts on the leading indices are rising up to 0.2%.
The foreign exchange market:
The Euro rising by 0.1% against the US dollar and was trading around an exchange rate of 1.117.
The pound strengthened against the US dollar by 0.1% and traded at about 1.2936 dollars to the pound.
The European stock markets trading is conducted with slight positive trend in view of the disappointing growth figures in Japan and with the rise of the Shanghai Stock Exchange which caused by investors’ expectations of further stimulus to the economy and markets.
The growth in Japan disappointing again
The growth figures released today in Japan, the world’s third largest economy showed that during the second quarter the growth was of 0.2%, compared with forecasts for growth of 0.7%.
One of the main causes of the disappointing growth in Japan was a lower business expenses in the second quarter (0.4%)compared to the first quarter of the year.
A disappointing US economic data
The retail sales figures remained unchanged in July, while analysts expected an increase of 0.4% in this figure.
In addition, the producer price index disappointed investors after the index fell in July by 0.4% compared to expectations of an increase by 0.1% and compared with the index of June which recorded an increase of 0.5%.
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